WILMINGTON, DELAWARE, UNITED STATES, July 31, 2024 – The global market for professional hair care is poised for significant growth, with projections indicating a rise from $34.8 billion in 2023 to $57.5 billion by 2033. This represents a compound annual growth rate (CAGR) of 5.3% from 2024 to 2033.
Professional hair care products, including shampoos, hair wax, colorants, straightening and perming products, hair gels, and conditioners, are designed to address various hair issues such as hair fall, frizz, split ends, and scalp conditions. These products not only nourish the hair and scalp but also help achieve desired hairstyles. The demand for these products is driven by increasing awareness of hair health and appearance among consumers of all ages.
The hair coloring segment is expected to be the fastest-growing sector in the professional hair care market. This growth is fueled by the influence of social media platforms like Instagram and celebrity endorsements, which have heightened interest in trendy hair colors such as gray, pastel, and golden ombré. The expanding number of hair salons and spas also supports this trend.
E-commerce is anticipated to be the fastest-growing distribution channel in the market. The convenience of online shopping, coupled with discounts and offers, is driving the adoption of e-commerce for purchasing professional hair care products. Online platforms provide easy access to a wide range of products, detailed ingredient information, and home delivery options, further boosting market growth.
Roshan Deshmukh, Research Manager of Consumer Goods at Allied Market Research, notes, “The rising concern for hair protection and personal appearance among both young and older consumers is expected to significantly increase the demand for professional hair care products globally.”
The professional hair care market is segmented by product type, distribution channel, and region. Product categories include hair coloring, shampoos, styling agents, and straightening & perming products. Distribution channels encompass hypermarkets, e-commerce, specialty stores, pharmacies, salons, and others. Regionally, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa).
Key Players:
Major companies in the professional hair care market include L’Oréal Group, Henkel AG & Co., Procter & Gamble Co., Unilever Corporation, Kao Corporation, Aveda Corporation (Estée Lauder), Avon Products Inc., Revlon Inc., Tony & Guy, and Shiseido Company, Limited.
Key Benefits for Stakeholders:
Quantitative Analysis: The report provides detailed analysis of market segments, current trends, and growth opportunities.
Market Insights: It includes information on key drivers, restraints, and opportunities.
Competitive Analysis: Porter’s Five Forces analysis offers insights into buyer and supplier dynamics, aiding stakeholders in making informed decisions.
Regional Insights: The report maps major countries by their revenue contributions and evaluates market trends, key players, and growth strategies.
Reasons to Purchase This Report:
Strategic Planning: Identify and plan mergers and acquisitions with optimal manufacturers.
Market Expansion: Target new clients or partners and develop licensing strategies to enhance business potential.
Competitive Edge: Analyze competitors’ strategies to gain a competitive advantage.