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Natural Hair Care Products Global Market Report 2024 To 2033 | The Procter & Gamble Company, Natura Cosméticos S.A., Loreal SA, L'occitane International S.A
Natural Hair Care Products Market Share
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According to The Business Research Company's, The natural hair care products market size has grown strongly in recent years. It will grow from $10.5 billion in 2023 to $11.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to increasing marketing campaigns for hair care products, increasing demand for cosmetics industry, increased disposable income and innovations in hair color production.
The natural hair care products market size is expected to see strong growth in the next few years. It will grow to $14.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing beauty concerns, growing aging population, rising popularity of e-commerce channels, rising number of hair problems and global population growth and urbanization. Major trends in the forecast period include focus on launching innovative treatments, product launch, vegan hair colors, artificial intelligence (ai) powered hair dye technologies, veg keratin products and strategic partnerships and collaborations.
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Market Drivers and Trends:
The rising popularity of e-commerce channels is expected to propel the growth of the natural hair care products market going forward. E-commerce refers to the buying of goods using the internet and the transfer of money and data to execute these transactions. The e-commerce market helps the natural hair care products market with easy transactions, selling items and services directly to clients and delivering products to their homes. For instance, according to the India Brand Equity Foundation, an Indian government export promotion agency, India's e-commerce market is expected to reach USD 111 billion by 2024 and USD 200 billion by 2026. Therefore, the rising popularity of e-commerce channels will drive the growth of the natural hair care product market.
Companies in the natural hair care products market are focusing on product launches and developing new products to stay competitive in the market. For instance, in 2022, BASF, a Germany-based company that offers solutions for skin care, hair care, and sun protection products, launched Euperlan NL Pearl, which is the first wax-based COSMOS-certified paralyzed personal care product from BASF's personal care division. In addition to meeting the consumer desire for pacifying and paralyzed effects without the use of pigments, it provides a high-performance substitute for non-COSMOS-authorized components. Wet and dry combing tests, anti-hair breakage assessments, and suppleness testing are where Euperlan NL Pearl truly shines in hair care applications.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
BASF SE, AECI Mining Chemicals, Sasol, Solvay Group, Clariant AG,SNF Floerger, Arkema, Orica Limited, Ecolab Inc, Chevron Phillips Chemicals Co. Ltd, Tata Chemicals Limited, Hindustan Chemicals and Polymers, PT Nusa Halmahera Minerals, AVANSCHEM, PT. Chemco Harapan Nusantara, Chemicals and Machinery Co Ltd (CMC), Yantai Humon Chemical Auxiliary Co., Ltd, Kemira, LUKOIL, Sibplaz, Rompetrol, CHIMCOMPLEX SA BORZESTI, LINDE GAZ ROMANIA SRL, Newmont Corporation, Freeport-McMoRan Inc, Catalog. Economy Polymers and Chemicals, Noah Chemicals, TRInternational, Inc, Applied Material Solutions, Palm Commodities International, Inc, Quadra Chemicals, FloChem Ltd, Clariant, Chemours, Cytec Solvay Group, Quimica Del Sur S.A, Dow Chemical Company, Ashland, Tahoun Group, Chemie-Tech, Saudi Arabian Mining Company, Qatar Mining Company (QMC), Netafim, AECI Mining Chemicals, Betachem (Pty) Ltd, Senmin
Natural Hair Care Products Market 2024 Key Insights:
• The natural hair care products market size is expected to see strong growth in the next few years. It will grow to $14.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• Surging E-Commerce Adoption Propels Growth In The Natural Hair Care Products Market
• Basf Elevates Natural Hair Care Product Portfolio With Innovative Euperlan Nl Pearl Launch
• Europe was the largest region in the natural hair care products market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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