Press release
Emerging Trends to Drive Luxury Hair Care Products Market Growth at 8.2% CAGR Through 2029
Luxury Hair Care Products Market
Luxury Hair Care Products Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size for luxury hair care products has seen considerable growth. The market size is forecasted to increase from $23.87 billion in 2024 to $25.72 billion in 2025, recording a compound annual growth rate (CAGR) of 7.7%. Factors such as consumer awareness, income levels, celebrity endorsements, and distribution channels have contributed to the growth in the historic period.
How Will the Luxury Hair Care Products Market Size Evolve and Grow by 2029?
The market size of luxury hair care products is anticipated to witness robust growth in the coming years, reaching a value of $35.25 billion in 2029 with a compound annual growth rate (CAGR) of 8.2%. Factors contributing to this growth during the forecast period include increasing awareness of beauty, worldwide market enlargement, and environment-friendly trends. Key trends expected during the forecast period encompass customization and personalization, innovation, incorporation of technology, health-oriented products, and clean beauty.
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What Drivers Are Propelling the Growth of Luxury Hair Care Products Market Forward?
The growth of the luxury hair care market is anticipated to be fueled by the expanding reach of e-commerce platforms. The E-commerce retail market, which involves purchasing goods online and transferring money and data to complete these transactions, supports the luxury hair care market by facilitating smooth transactions, marketing products and services directly to customers, and delivering products to their doorsteps. For instance, the Census Bureau, a US governmental body, reported in February 2024 that retail e-commerce sales, adjusted for seasonal variations, amounted to $285.2 billion in the last quarter of 2023, an uptick of 0.8% from the previous quarter. Concurrently, the total retail sales for that same quarter were roughly estimated at $1.83 trillion, a 0.4% increase from the third quarter. Relative to the final quarter of 2022, e-commerce sales had risen by 7.5%, whilst total retail sales had seen a boost of 2.8%. Given these figures, the escalating presence of e-commerce platforms is projected to heighten the demand for luxury hair care products throughout the forecasted period.
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Which Emerging Trends Are Transforming the Luxury Hair Care Products Market in 2025?
Product advancement is a leading trend catching on in the luxury hair care sector. Numerous organizations in this sector are exploring novel product developments to solidify their foothold in the luxury hair care market. For instance, in May 2022, Medimix, a cosmetic products manufacturer based in India, introduced an organic total care shampoo to its hair care range. The total care shampoo offering from Medimix incorporates wheat protein and an assortment of nine other natural herbs such as tea tree oil, rosemary oil, neem, wild ginger, etc., in a singular formulation, set to reduce hair loss, combat dandruff and condition hair.
What Are the Key Segments in the Luxury Hair Care Products Market?
The luxury hair care products market covered in this report is segmented -
1) By Product Type: Shampoos, Conditioners, Hair Coloring Products, Hair Styling Products, Hair Oil, Other Product Types
2) By Distribution Channel: Super markets and Hyper markets, Departmental Stores, Specialty Stores, E-commerce, Other Distribution Channels
Subsegments:
1) By Shampoos: Sulfate-Free Shampoos, Moisturizing Shampoos, Clarifying Shampoos, Color-Protecting Shampoos
2) By Conditioners: Leave-In Conditioners, Rinse-Out Conditioners, Deep Conditioners, Hair Masks
3) By Hair Coloring Products: Permanent Hair Color, Semi-Permanent Hair Color, Hair Highlights, Hair Bleach
4) By Hair Styling Products: Hair Gels, Hair Sprays, Mousse, Pomades And Waxes
5) By Hair Oil: Argan Oil, Coconut Oil, Jojoba Oil, Essential Oil Blends
6) By Other Product Types: Serums, Scalp Treatments, Hair Tools And Accessories, Hair Supplements
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Who Are the Key Players Shaping the Luxury Hair Care Products Market's Competitive Landscape?
Major companies operating in the luxury hair care products market include L'Oreal S. A., The Estee Lauder Companies Inc., Seven LLC, Kao Corporation, KOSÉ Corporation, Shiseido Company Limited, Unilever plc, Jose Eber Hair, Oribe Hair Care LLC, Rahua (Amazon Beauty Inc. ), Aesop, The Procter & Gamble Company, CFEB Sisley, Olaplex Inc., Philip B. Botanicals, Aveda corporation, Bumble and bumble Products LLC, Christophe Robin, Leonor Greyl, Sachajuan Haircare, Amika, Ouai Haircare, John Paul Mitchell Systems, Revlon Consumer Products Corporation, Schwarzkopf Professional, Wella AG
What Geographic Markets Are Powering Growth in the Luxury Hair Care Products Market?
Asia-Pacific was the largest region in the luxury hair care market in 2024. The regions covered in the luxury hair care products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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