WILMINGTON, DE / ACCESSWIRE / September 8, 2022 / Transparency Market Research Inc. - In 2020, the worth of global hair care products market stood at US$ 42.1 Bn. Hair care market analysis expect the market to rise at a CAGR of 5.1% during the forecast period, from 2021 to 2031. The global Hair Care Market Size is expected to surpass value of US$ 72 Bn by 2031. The increasing use of natural hair care solutions has benefited personal care businesses all around the world. Furthermore, rising knowledge of hair care products, rapidly rising discretionary income, and urbanization all are projected to have positive effects on the growth of the hair care products market in the Asia Pacific. The increase in sales of hair care products is brought on by the ageing population's expansion as well as the flourishing fashion and personal care businesses.
In the hair care industry, businesses are attempting to concentrate on producing high-quality shampoos, hair color products, conditioners, styling equipment, and so on. The global market for hair care products is also being favorably influenced by technological improvements.
Consumers all around the world are growing more and more accustomed to using hair care products including hair oil, hair color, hair styling items, conditioner, and shampoo. Changing fashion trends, increasing consumer knowledge of hair care products, and improvements in personal care business are likely to bolster growth of the global hair care products market in the years to come.
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Key Findings of Market Report
- Evolving lifestyles, rapid economic growth, and a preference for professional hair treatment are expected to propel the global hair care products market. The global market is also being driven by the rising trend of applying hair highlights, color products, and so on. In addition to that, the conditioner category in the global market for hair care products market is expected to grow quickly.
- The growing demand for different hair care products for enhanced hair health is likely to propel the global hair care products market. In order to lessen the harsh impacts of pollution on hair, hair experts also advise using frequent washes and conditioners on the hair. People of all ages view shampooing their hair as normal maintenance. The prevalence of fungal infections that cause hair loss and dandruff has increased, which has increased awareness.
- The need for hair color products is also being fueled by the world's rapidly growing senior populace. As older people become more self-conscious about their looks, hair colors are amongst the popular personal care products that they frequently utilize.
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Global Hair Care Products Market: Growth Drivers
- The main players in the global market for hair care products throughout the world are concentrating on entering the green segment. Green products are one of the important emerging hair care industry trends. Global producers are becoming increasingly interested in using natural alternatives to non-organic, chemical materials due to rising customer understanding of natural products. As per Natural Hair Care Industry Statistics, green hair care solutions are estimated account for a considerable share of the global market in the years to come.
- Growing millennial knowledge of proper hair care and cleanliness has a big influence on the global hair care industry growth. This new trend is likely to boost the market's demand for various hair care items worldwide.
Global Hair Care Products Market: Key Players
Some of the key market players are
- The Estée Lauder Companies Inc.
- Henkel AG & Co. KGaA
- L'Oréal S.A.
- Clarins Group
- KAO Corporation
- Avon Products, Inc.
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Global Hair Care Products Market: Segmentation
Product
- Shampoo
- Conditioner & Mask
- Hair Oil
- Hair Color
- Others
Type
- Organic
- Synthetic
Price
- High
- Medium
- Low
End User
- Women
- Men
- Kids
Distribution Channel
- Online
- Offline
Consumer Goods Research Reports
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Women Intimate Care Market - The global women intimate care market is expected to reach US$ 45.84 Bn by the end of 2031, expand at a CAGR of 5.0% from 2022 to 2031
Hand Dryer Market - The global hand dryer market is expected to reach US$ 1.5 Bn by the end of 2031, it is estimated to advance at a CAGR of 9.0% from 2022 to 2031
Makeup Remover Market - The global makeup remover market is expected to exceed value of US$ 4.3 Bn by the end of 2031, grow at a CAGR of 6.5% from 2022 to 2031
Hair Removal Products Market - The global hair removal products market is expected to surpass the value of US$ 1.8 Bn by the end of 2031, expand at a CAGR of 5.9% from 2021 to 2031
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