| A04267 | Pages: 244 | Dec 2019 | 32583 Views | ||
| Author(s) : Priya , Roshan Deshmukh | Tables: 114 | Charts: 75 |
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Request Now !The global professional hair care market size was valued at $18,072.9 million in 2017, and is projected to reach $26,242.7 million by 2026, registering a CAGR of 4.6% from 2019 to 2026.
The professional hair care products comes under the category of cosmetics and personal care products. These products are used to groom hair and get an aesthetic hairstyle. Also, professional hair care is used to handle different hair problems such as hair fall, split ends, dandruff, frizzy hair, and dry or itchy scalp by nourishing the hair & scalp. The professional hair care has a wide range of products including shampoo, hair wax & hair conditioner, straightening & perming products, hair colorants, hair gel, and others. Moreover, these professional hair care products are available in different forms to cater to the customer requirements. For instance, volumizing shampoo, oily hair shampoo, colored hair shampoo are some of the variants of shampoos that are formulated to provide solution to different hair problems. Thus, this in turn drives the growth of the market.
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Furthermore, expansion of distribution channels such as online stores, salons, hypermarkets, specialty stores, and others has made these professional hair care products easily accessible to consumers. Thereby, fuels the growth of this market.
Nowadays, numerous consumers are more concerned about the hair aesthetics and scalp nourishment. There is an increase in demand for hair styling, dyeing, straightening, and other hair treatments by the consumers without compromising the hair and scalp health. These factors have significantly increased the demand for professional hair care products thereby boosting the growth of the professional hair care market.
The growth of the global professional hair care market is driven by fluctuation in hair style trends, rapid increase in disposable income, population growth, and rise in air pollution across the world. Moreover, increase in use of professional hair care products in developed regions and growth in adoption of organic ingredients are expected to create a lot of opportunities for the hair coloring products, and shampoo manufacturers to create a mass customer base. However, the high cost of such premium and professional products, and involvement of hazardous chemicals to soften hair hampers the growth of the global professional hair care market.
The global professional hair care market is segmented into product type, distribution channel, and region. By product type, the professional hair care market size is classified into hair coloring, shampoo, styling agent, and straightening & perming product. By distribution channel, it is divided into hypermarkets/retail chain, e-commerce, specialty stores, salons, pharmacy, and others. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-pacific), and LAMEA (Brazil, UAE, Saudi Arabia, Turkey, South Africa and Rest of LAMEA).
By product, the shampoos segment accounted for the highest professional hair care market share in 2017 and is expected to remain dominant throughout the analysis period. This is attributable to the fact that shampoos are tailored according to variations associated with hair quality, age, hair care preferences, and specific scalp related problems, which significantly increases the demand for shampoos.
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By distribution channel, the salons segment accounted for the maximum professional hair care market share in 2017. Consumers prefer a pre-purchase advice from hairstylists owing to their deep knowledge of product compatibility and expertise in the hair care field, which augments the demand for professional products from salons. However, over the past one decade, there has been a significant increase in the internet penetration especially in North America, Europe, and Asia-Pacific. Consumers now rely on internet to gain information and consider online shopping as the most convenient factor. Thus, most of the key manufacturers have gone online and have created their own web portals for selling products. Thus, rise in internet penetration creates opportunity for professional hair care market growth.
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Region-wise, the professional hair care market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest revenue in 2017. The market growth in North America is driven primarily by innovations in the emerging professional hair care products such as dry shampoo, professional smoothing conditioner, dye protecting agents, and dry hair styling products. Despite the 2008 recession in the U.S., the market witnessed exponential growth in this country, which has continued till date.
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The prominent players operating in the global professional hair care market have strategically focused on product launch as their key strategy to gain significant share in the market. The key players profiled in the global professional hair care industry include L'Oréal SA, Henkel Corporation, Procter & Gamble Co., Unilever Corporation, Kao Corporation, Aveda Corporation (Estée Lauder), Avon Products Inc., Revlon Inc., Toni & Guy, and Shiseido Company, Limited.
Key Market Segments
Key Market Players
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The key market players operating in the global professional hair care market have adopted key developmental strategies such as product launch to fuel the growth of the market in terms of value sales. In addition, they have also emphasized on continuous innovations in their products to maintain a strong foothold in the market and to boost the demand for professional hair care products.
According to the insights of CXOs of leading companies in the global professional hair care market, the adoption of professional hair care therapies and products in Asia-Pacific has increased over the last four to five years, because of the rapid increase in disposable income of the customers. The usage of professional products ensures damaged-free scalp and hair, which further enhances the overall personality and thus, confidence. This results in the growth of the market in the Asia-Pacific region.
A. The global professional hair care market size was valued at $18596.9 million in 2018.
A. The global professional hair care market projected to reach $26,242.7 million by 2026, registering a CAGR of 4.6% from 2019 to 2026.
A. The forecast period in the global professional hair care market report would be 2019 to 2026.
A. The key players profiled in the professional hair care market report include L'Oréal, Henkel AG & Co., Procter & Gamble Co., Unilever, Kao Corporation, Aveda Corporation, Avon Products Inc., Revlon Inc., Tony & Guy, and Shiseido Company.
A. The popular ongoing trend in the professional hair market includes Popularity of do-it-yourself hair styling, male hair grooming, hair color trend like gray & pastel, rose blonde hair and others, using natural & organic hair care products.
A. Asia-Pacific region is likely to provide more business opportunities for professional Hair Care in coming years owing to the consumers who are spending more money & time on their beauty products like professional hair care products to look good.
A. The key players profiled in the professional hair care market report include L'Oréal, Henkel AG & Co., Procter & Gamble Co., Unilever, Kao Corporation, Aveda Corporation, Avon Products Inc., Revlon Inc., Tony & Guy, and Shiseido Company.
A. Shampoo is the leading segment in the Professional Hair Care due to the availability of wide range of professional shampoos in the market providing solution related to different hair problems such as hair fall, dandruff and others.
A. E-commerce is expected to showcase the fastest growth in the Professional Hair Care. This is attributable to the easy accessibility, heavy discounts and offers on cosmetics and personal care products including hair care.
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