Press release
Hair Preparations Market: Size, Growth Rate, Key Market Drivers, and Ongoing Trends
Hair Preparations Market Trends
What Is The Projected Market Size Of The Global Hair Preparations Market And Its Growth Rate?
• The global hair preparations market was valued at $150.42 billion in 2024.
• It is expected to grow to $164.33 billion in 2025, implying a CAGR of 9.2%.
• The market expansion from 2024 to 2025 is attributed to extensive marketing campaigns for hair care products, an upsurge in government initiatives, growing disposable income, and rising hair-related problems.
• The anticipated market value in 2029 is approximately $229.23 billion, with a projected CAGR of 8.7%.
• Growth factors for the forecast period include an increase in spa and salon services, heightened beauty concerns, and a growing aging population base.
What Is Driving The Growth In The Hair Preparations Market?
The significant driver of the global hair preparations market is the rising level of air pollution. As air quality steadily deteriorates, it necessitates the increased demand for hair care products to combat adverse effects on the hair. For example, according to IQ Air's 2022 air pollution data, countries with the worst air pollution include Chad, Iraq, Pakistan, Bahrain, Bangladesh, Burkina Faso, Kuwait, India, Egypt, Tajikistan. Kent, an Indian company, warns that by 2030, the air quality could decline to a level necessitating oxygen kits for breathing. Such potential scenarios underscore the need for hair care products hence driving growth in the hair preparations market.
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Who Are the Key Players Driving Hair Preparations Market Growth?
Market players in the hair preparations industry include:
•L'Oreal S.A
•The Procter & Gamble Company
•Unilever Plc
•Natura & Co
•Henkel AG & Co KGaA
•Johnson & Johnson
•The Estee Lauder Companies Inc
•Revlon Inc
•BASF SE
•Kao Corporation
The list is extensive, reflecting a highly competitive market landscape.
What Are The Key Trends In The Hair Preparations Market?
Trends fueling the growth in the hair preparations market include:
•Launch of vegan hair preparations
•Focus on establishing partnerships
•Introduction of silicone and sulphate-free products
•Initiation of sustainable packaging techniques.
What Are The Segments Of The Global Hair Preparations Market?
The hair preparations market is segmented by:
1.Type: Hair Spray, Conditioner, Shampoo, Hair Oil, Hair Color, Other Types
2.Gender: Male, Female, Unisex
3.Based On Type: Organic, Chemical
4.Distribution Channel: Hypermarkets/Supermarkets, Specialty Stores, Online Stores, Convenience Stores, Other Distribution Channels
Which Region Leads The Hair Preparations Market?
In 2024, Asia-Pacific led the hair preparations market, followed by Western Europe. The analysis includes other potential markets such as Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Hair Preparations Market Global Market Report?
- Market Size Analysis: Analyze the Hair Preparations Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hair Preparations Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hair Preparations Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hair Preparations Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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