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Air Pollution Fueling The Growth Of The Hair Preparations Market: Powering Innovation and Expansion in the Hair Preparations Market by 2025
Hair Preparations
What Is the Expected CAGR for the Hair Preparations Market Through 2025?
In the past few years, the hair preparations market has experienced significant growth. It is expected to increase from $150.42 billion in 2024 to $164.33 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%. This growth during the historic period can be linked to extensive marketing campaigns for hair care products, heightened government initiatives, a rise in disposable income, and an increase in hair-related issues.
What's the Projected Size of the Global Hair Preparations Market by 2029?
The market for hair preparations is projected to witness robust expansion in the upcoming years. The market value is anticipated to reach $229.23 billion by 2029, with a compound annual growth rate (CAGR) of 8.7%. This growth during the forecast period is driven by factors such as the increasing number of spas and salons, heightened awareness about beauty, and the expanding aging population demographic. The forecast period will also see key trends like the introduction of vegan hair preparation products, focus on establishing partnerships, launch of silicone and sulphate-free products, and the roll-out of products with sustainable packaging in order to enhance their portfolio and maintain a competitive edge in the market.
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Top Growth Drivers in the Hair Preparations Industry: What's Accelerating the Market?
The escalating levels of air pollution are anticipated to boost the demand for hair care products. For example, IQ Air, a Swiss firm specializing in air quality technology, reported in their 2022 air pollution data that the most polluted countries included Chad, Iraq, Pakistan, Bahrain, Bangladesh, Burkina Faso, Kuwait, India, Egypt, and Tajikistan. Furthermore, an article from Kent, an Indian healthcare products company, purports that by 2030, if efforts to control air pollution prove ineffective, the air quality could degrade to such an extent that oxygen kits might be necessary for easy breathing. Hence, the increasing levels of air pollution are predicted to augment the market demand for hair treatment products in the upcoming years.
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What Trends Will Shape the Hair Preparations Market Through 2029 and Beyond?
The hair preparation market is observing a growing fondness for products made with natural ingredients among consumers. A study by Kari Gran reveals that natural products are the preferred choice for 75% of millennial women. To address this shift in consumer preferences and mounting concerns over allergies and hair and scalp issues caused by synthetic constituents, haircare product manufacturers are now concentrating on creating products with natural ingredients.
What Are the Main Segments in the Hair Preparations Market?
The hair preparations market covered in this report is segmented -
1) By Type: Hair Spray, Conditioner, Shampoo, Hair Oil, Hair Color, Other Types
2) By Gender: Male, Female, Unisex
3) By Based On Type: Organic, Chemical
4) By Distribution Channel: Hypermarkets/Supermarkets, Specialty Stores, Online Stores, Convenience Stores, Other Distribution Channels
Subsegments:
1) By Hair Spray: Flexible Hold Hair Spray, Strong Hold Hair Spray, Volumizing Hair Spray, Shine Enhancing Hair Spray
2) By Conditioner: Leave-In Conditioner, Rinse-Out Conditioner, Deep Conditioning Treatment, Hair Masks
3) By Shampoo: Clarifying Shampoo, Moisturizing Shampoo, Color-Safe Shampoo, Anti-Dandruff Shampoo
4) By Hair Oil: Argan Oil, Coconut Oil, Jojoba Oil, Hair Growth Oils
5) By Hair Color: Permanent Hair Color, Semi-Permanent Hair Color, Temporary Hair Color, Highlights And Balayage Products
6) By Other Types: Hair Serums, Styling Creams And Gels, Scalp Treatments, Hair Mists
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Which Top Companies are Driving Growth in the Hair Preparations Market?
Major companies operating in the hair preparations market 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, New Avon LLC, Dabur Ltd, Amway Corporation, Church & Dwight* Co Inc, Avon Products, Inc., Combe Inc, Goody Products Inc, Shiseido Group, Mandom Corp, Amorepacific Corporation, LG Household & Health Care Ltd, AEKYUNG Industry Co., Ltd., Beirsdorf AG, Mintel International Group, CHI Haircare, FFOR Ltd, Willow Hair, Schwarzkopf Professional, OSMO, Fudge professional, Davines S.p.A, Oriflame Cosmetics AG, K&D, NMGK Group of Companies, ELFARMA LTD, Phyto, Lierac, Wilson's Chemical Innovations Inc, Vitacare Labs Inc, Oneka Elements, Coty Inc, Grupo Boticário, Huda Beauty, Cosmo Cosmetics, Spa Cosmetics, MCH Cosmetic, Amka Products Pty Ltd
Which Regions Will Dominate the Hair Preparations Market Through 2029?
Asia-Pacific was the largest region in the hair preparations market in 2024. Western Europe was the second-largest region in the global hair preparations market. The regions covered in the hair preparations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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