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Steady Expansion Forecast for Hair Care Stores Market, Projected to Reach $251.37 Billion by 2029
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.Hair Care Stores Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of hair care stores has seen a robust growth in the recent past. The expansion will continue from a net worth of $179.96 billion in 2024, hitting $193.99 billion in 2025, which indicates a compound annual growth rate (CAGR) of 7.8%. The past growth can be linked to multiple factors such as cultural influences, shifts in economic conditions, modifications in regulations, brand allegiance, and consumer awareness.
Hair Care Stores Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, the market size of hair care stores is predicted to witness robust growth, reaching $251.38 billion in 2029 with a compound annual growth rate (CAGR) of 6.7%. This growth during the projected period is due to factors such as sustainable and environmentally friendly practices, the boom of e-commerce, diversity and inclusiveness, customer empowerment, and resilience during crises. Key trends expected to shape this period are the digital transformation, incorporation of health and wellness, opportunities in the global market, innovations in ingredients, and sustainable packaging.
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What Are the Drivers Transforming the Hair Care Stores Market?
The surge in hair and scalp issues influencing the expansion of the hair care stores market. Conditions varying in severity that adversely affect the appearance and state of the hair and scalp are classified as hair and scalp problems. Products found in hair care stores, such as shampoos, conditioners, hair oils, and treatments, are explicitly designed to preserve the health of hair and the scalp, tackling conditions like dandruff, hair loss, and dryness specifically. As such, the onset of hair and scalp disorders propels the consumer demand for the products from hair care stores. For instance, a report from the Treatment Rooms London, a Hair transplantation clinic established in England in January 2024, presented that approximately 6.5 million men and 8 million women presently grapple with hair loss in the UK. The predominant cause of this is androgenic alopecia, a type of hair loss seen in both men and women, affecting 85% of men and 40% of women by their 50th birthday. Therefore, the escalation of hair and scalp ailments propels the growth of the hair care stores market.
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What Long-Term Trends Will Define the Future of the Hair Care Stores Market?
Advancements in technology have become a prevailing trend in the hair care store industry. Prominent companies in this market are focusing on these technological enhancements to enhance their market presence. For example, in March 2022, a beauty tech company from Finland, Revieve Oy, launched its AI-based Haircare Advisor. It was made in collaboration with Living Proof haircare product line from Unilever PLC, a UK-based consumer goods corporation. The AI Haircare Advisor by Revieve allows customers to gain a deeper understanding of their hair needs through user input, tailored mobile selfie diagnostics, and AI-generated personalized suggestions. In their interaction with the AI Haircare Advisor, customers narrate their concerns and aspirations regarding their hair care regimen. Additionally, they can capture a selfie, which is then analyzed using state-of-the-art mobile selfie diagnostics technology. This technology appraises various aspects of hair like its type, volume, curliness, color, and more.
Which Segments in the Hair Care Stores Market Offer the Most Profit Potential?
The hair care stores market covered in this report is segmented -
1) By Product: Hair Colorants, Shampoo, Conditioner, Hair Oil, Other Products
2) By Distribution Channel: Super market Or Hyper market, Specialty Stores, Online Stores, Other Distribution Channels
3) By Application: Hair Treatment, Scalp Treatment
Subsegments:
1) By Hair Colorants: Permanent Hair Color, Semi-Permanent Hair Color, Temporary Hair Color, Highlighting Kits
2) By Shampoo: Daily Use Shampoo, Clarifying Shampoo, Color-Protecting Shampoo, Anti-Dandruff Shampoo
3) By Conditioner: Rinse-Out Conditioner, Leave-In Conditioner, Deep Conditioning Treatments, Color-Protecting Conditioner
4) By Hair Oil: Argan Oil, Coconut Oil, Jojoba Oil, Serum
5) By Other Products: Hair Styling Products, Hair Masks, Hair Tools, Hair Accessories
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Which Firms Dominate the Hair Care Stores Market by Market Share and Revenue in 2025?
Major companies operating in the hair care stores market include L'Oréal S.A., Unilever plc, Johnson & Johnson Private Limited, Kao Corporation, Henkel AG & Co. KGaA, Amway, Oriflame Cosmetics AG, Procter & Gamble Company, Beiersdorf AG, Coty Inc, Natura & Co, Aveda Corporation, Shandong Baisheng Biotechnology Co. Ltd, Goody Products Inc., Neutrogena Corporation, Sally Beauty Holdings Inc., Ulta Beauty Inc., Superdrug Stores plc, Boots UK Limited, Sephora, A.S. Watson Group, Guardian Health and Beauty, Planet Beauty, Trade Secrets, Beauty Brands, CosmoProf, SalonCentric, Madison Reed, Regis Corporation, Great Clips, Supercuts, Ratner Companies L.C., Fantastic Sams, Sport Clips, First Choice Haircutters, SmartStyle, MasterCuts, HairMasters, Cost Cutters, BoRics, Magicuts, Style America, Holiday Hair, Hairhouse Warehouse, Ricky's NYC
Which Regions Offer the Highest Growth Potential in the Hair Care Stores Market?
North America was the largest region in the hair care stores market in 2024. Asia-Pacific is expected to be the fastest-growing region in the hair care stores market report during the forecast period. The regions covered in the hair care stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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