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Hair Preparations Market Analysis: $197.68 Billion by 2029 With a CAGR of 9.9%
Hair Preparations
Hair Preparations Market Value Projection: How Much Will the Market Size by 2025?
The market size for hair preparations has seen robust growth in the past few years. This market is forecasted to expand from $124.61 billion in 2024 to $135.61 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. The impressive growth during the historic period can be explained by a surge in large-scale marketing campaigns for hair care products, amplified government initiatives, a rise in disposable income, and a surge in hair-related issues.
What Will Be the Market Growth Forecat for Hair Preparations in 2029?
The market for hair preparations is anticipated to witness significant expansion in the coming years. By 2029, it is projected to reach $197.68 billion, with a compound annual growth rate (CAGR) of 9.9%. This growth over the forecast period can be credited to factors such as the rise in spa and salon services, mounting beauty-related concerns, and an enlarging demographic of older people. Key trends for the forecast period feature the introduction of vegan hair preparations, a focus on forming partnerships, the launch of silicone and sulphate-free products, and the debut of products with environmentally-friendly packaging to enhance their product range and maintain a competitive stance in the market.
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What Are the Core Competitive Drivers in the Hair Preparations Industry?
Increasing air pollution is anticipated to propel the need for hair care products. For example, IQ Air, a Swiss firm focusing on air quality technology, revealed in its 2022 air pollution data that the countries experiencing the most severe air contamination include Chad, Iraq, Pakistan, Bahrain, Bangladesh, Burkina Faso, Kuwait, India, Egypt, and Tajikistan. Moreover, a blog post by Kent, an Indian company specializing in healare items and home appliances, warned that by 2030, if air pollution goes unchecked, air quality could deteriorate to such an extent that oxygen kits will be required for comfortable breathing. Consequently, the escalating air pollution levels are likely to foster growth in the hair care product market over the forecast period.
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Which Hair Preparations Market Segment Is Projected to See the Fastest Growth?
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: Hyper markets/Super markets, 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
Which Trends Are Opening New Opportunities in the Hair Preparations Market?
The trend towards natural ingredient products in the hair preparation market is gaining significant traction among consumers. As per a study carried out by Kari Gran, it is found that 75% of millennial women tend to opt for such organic products. In view of the heightened concerns around allergies and hair and scalp issues associated with synthetic ingredients, manufacturers of haircare products are redirecting their focus towards developing products with natural ingredients.
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Who Are the Leaders 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, 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 Regional Hair Preparations Markets Offer the Greatest Growth Potential?
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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Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
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