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Tuesday, August 24, 2021

Global Hair Care Market to be Driven by Increased Demand from Personal Care Segment in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘ Global Hair Care Market Report and Forecast 2021-2026’, gives an in-depth analysis of the  Global Hair Care market, assessing the market based on its segments like type, product and major regions like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2015-2026)

  • Historical Market Size (2020): USD 92 billion
  • Forecast CAGR (2021-2026): 5.02%
  • Forecast Market Size (2026): USD 25.35 billion

The global hair care market has grown steadily over the years, with increasing understanding of the importance of hair care boosting the market. The rising e-Commerce industry in the beauty and personal care segment is propelling this market’s growth.

Industry Definition and Major Segments

Hair care is an encompassing term for grooming and cosmetology pertaining to hair that grows from the human scalp. Hair care habits differ according to culture, fashion trend and the physical features of one’s hair. Haircare by various services and products includes scalp hair, facial hair, and hair on other areas of the body. To care for hair, various treatments are applied to it, including shaving, plucking, waxing, and colouring, among others. Shampoo, hair colour, conditioner, hair colouring products, and hair oil are some of the products available in the hair care industry.

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Based on types, the hair care market can be divided into:

  • Hair Care Product
  • Hair Care Service

Based on product, the hair care market can be segmented into:

  • Shampoo
  • Hair Colour
  • Hair Styling Products
  • Hair Oil

The global market for Hair Care includes:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The growing understanding of hair care products among both men and women is boosting the demand for hair care products. Hair colour would be in high demand as a result of the current fashion trend. There are several brands available in the market, which will drive the market. As consumers prefer natural or herbal products, natural hair care products are expected to dominate the market. The increased hair issue around the world is improving the hair care industry. The growing hair-related problems and fashion industry trends are expected to drive the demand in the coming years. Furthermore, increased global penetration of salon services and an increase in demand for professional products are expected to fuel the market in the forecast period. Also, technological advancements in food manufacturing are expected to fuel the market during the forecasted years.

As consumer income in this area rises, Asia Pacific is expected to hold the largest share of the market during the forecast period. The growing fashion trend and influence of the western lifestyle in this area is boosting the demand for hair care products. According to estimates, India has the largest market share for hair oil products. India has the most hair oil products on the market. China is also projected to have the highest CAGR during the forecast period because Chinese women are very beauty conscious, spending more than 40% of their earnings on beauty care items. The fact that China has the world’s largest ageing population is boosting the demand for hair colour products.

Key Market Players

The major players in the market are Henkel AG & Company, KGaA, Kao Corporation, L’OrĂ©al S.A., Procter & Gamble, (NYSE: PG), Unilever and few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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