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Global Hair Care Market Size By Product Type (Shampoo, Conditioner, Hair Oil), By Hair Type (Normal Hair, Dry Hair, Oily Hair), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retail), By Geographic Scope And Forecast


Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Hair Care Market Size By Product Type (Shampoo, Conditioner, Hair Oil), By Hair Type (Normal Hair, Dry Hair, Oily Hair), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retail), By Geographic Scope And Forecast

Hair Care Market Size And Forecast

Hair Care Market size was valued at USD 83.83 Billion in 2024 and is projected to reach USD 129.63 Billion by 2031, growing at a CAGR of 5.60% from 2024 to 2031.

  • Hair care entails techniques that preserve the cleanliness, health, and look of hair. This includes washing regularly to eliminate dirt and oil, conditioning to moisturize and detangle, and applying styling techniques and products to get the desired style. Scalp care is essential for increasing hair growth and preventing dandruff. Protection from environmental damage, heat, and chemical treatments is also necessary.
  • The enhanced quality of life, the impact of beauty and personal care on self-esteem and social connection, and the constant consumer shift toward premium and luxury hair care brands are all expected to drive market growth over the projection period. Technological advancements have increased the appeal of these products, resulting in a lucrative demand for hairstyles.
  • Various technological advancements, such as novel antibacterial materials, volume enhancement, controlled release and encapsulation of actives, stability enhancement, and fiber strengthening and thickening, will help to drive the hair care industry forward.
  • Multifunctional hair care solutions that address a variety of hair conditions, such as dryness, frizz, and damage, are becoming increasingly popular. Customers love the convenience of tackling several conditions with a single solution, which simplifies their hair care procedures.

Global Hair Care Market Dynamics

The key market dynamics that are shaping the global hair care market include

Key Market Drivers

  • Rising Consumer AwarenessAs consumers become more aware of the importance of hair health and grooming, they are investing in a wider range of hair care products. People are becoming more knowledgeable about various hair types and the benefits of specific treatments, resulting in a greater demand for specialist products.
  • Influence of Social MediaThe rise of social media platforms has had a huge impact on hair care trends. Beauty influencers and consumers share their experiences and product suggestions, which increases consumer interest and sales of innovative hair care products.
  • Technological AdvancementsAdvances in formulation technology and product development have resulted in novel hair care treatments. These include multifunctional solutions, organic ingredients, and clever formulas that target specific hair difficulties more effectively.
  • E-commerce Growth As internet retail has grown, consumers now have access to a wider choice of hair care products. E-commerce platforms offer ease, a varied product line, and the capacity to reach consumers in remote places, resulting in market growth.

Key Challenges

  • Ingredient Safety and RegulationMeeting the different and increasing regulatory standards for hair care products around the world is a big issue. Manufacturers must handle intricate rules governing ingredient safety, labeling requirements, and environmental effects, which vary by area.
  • Intense Competition and Brand DifferentiationThe hair care market is extremely competitive, with various brands fighting for consumer attention. Product differentiation through innovative formulations, distinctive branding, and appealing marketing methods is critical for maintaining market share and attracting new customers.
  • Sustainability and Environmental ConcernsAs consumer awareness and demand for sustainable goods and practices grows, the hair care business faces new problems. This involves lowering carbon footprints, using eco-friendly packaging materials, sourcing sustainable products, and following ethical manufacturing procedures.
  • Changing Consumer Preferences and TrendsHair care makers must be agile and sensitive to rapidly changing consumer preferences and trends, such as demands for natural ingredients, cruelty-free products, and individualized solutions. Adapting to changing preferences while retaining product performance and market relevance is an ongoing problem.

Key Trends

  • Natural & Organic Products There is an increasing consumer desire for hair care products made with natural components and free of harsh chemicals. Brands are increasingly prioritizing sustainability and transparency in sourcing and production.
  • Personalization Tailored treatments for certain hair types and issues are increasingly popular. Customizable goods and personalized advice based on individual hair demands are becoming more popular as technology advances and consumers expect efficient solutions.
  • Ingredient Innovation The market is witnessing new hair care ingredients such as plant-based extracts, vitamins, and proteins that provide specialized benefits such as hydration, repair, and color protection. Brands use scientific research to create high-performance formulas.
  • Digital Influence Online platforms are having a huge impact on the hair care sector, with customers increasingly purchasing products through e-commerce channels. Social media platforms also have an impact on trends and product choices, leading to increased brand interaction and customer knowledge.

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Global Hair Care Market Regional Analysis

Here is a more detailed regional analysis of the global hair care market

Asia Pacific

  • Several significant factors contribute to Asia-Pacific’s dominance in the hair care market. The region’s huge and diversified population, which includes a sizable share of young consumers, generates a strong demand for hair care products. Rapid urbanization and rising disposable incomes have resulted in increased spending on personal care items, including a large range of hair care products designed for diverse hair types and demands.
  • Cultural traditions and societal emphasis on appearance and grooming play an important effect. Many Asian cultures have a long tradition of hair care as part of general beautification rituals. This cultural propensity adds to a strong market for hair care products, as consumers seek solutions for everything from basic cleansing and conditioning to complex treatments.
  • The Asia-Pacific region benefits from a dynamic retail environment. The expansion of modern retail formats such as supermarkets, hypermarkets, specialty beauty stores, and increasingly popular online retail platforms has created numerous distribution channels for hair care goods. These channels not only improve accessibility, but also appeal to a wide range of consumer tastes and purchase patterns, hence boosting market growth.
  • Technological breakthroughs and innovation in hair care products have been key drivers. Companies in the region are constantly creating and launching new formulas that include natural components and address specific hair concerns like as damage repair, frizz control, and scalp health. This innovation-driven strategy connects well with customers in Asia-Pacific, who are more concerned of product efficacy, safety, and sustainability, further strengthening the region’s dominance in the worldwide hair care market.

Europe

  • Several significant reasons contribute to Europe’s rapid growth in the hair care business. There is a growing customer preference for natural and organic hair care products, which is being driven by increased awareness of health and environmental concerns. This shift toward clean beauty and sustainability has resulted in an increase in demand for natural products and eco-friendly packaging throughout the region.
  • Europe’s diverse population and multicultural influences lead to a wide range of hair care requirements. This diversity encourages innovation in product formulas that cater to various hair kinds, textures, and cultural preferences, ultimately enhancing market prospects.
  • The existence of established and new brands in Europe promotes competition and product development. Companies in this region are at the forefront of research and development, introducing new products to meet changing consumer tastes and technical breakthroughs in hair care.
  • The region’s robust retail infrastructure, which includes specialist beauty stores, pharmacies, and online platforms, increases access to a diverse selection of hair care products. These elements, together with European customers’ high disposable income, contribute to the rapid expansion of the European hair care market.

Global Hair Care MarketSegmentation Analysis

The Global Hair Care Market is Segmented on the basis of Product Type, Hair Type, Distribution Channel, And Geography.

Hair Care Market, By Product Type

  • Shampoo
  • Conditioner
  • Hair Oil
  • Hair Styling Products
  • Hair Colorants

Based on Product Type, the market is bifurcated into Shampoo, Conditioner, Hair Oil, Hair Styling Products and Hair Colorants. Shampoo leads the hair care market due to its importance in hair cleanliness and widespread use by customers globally. It meets fundamental hair care needs, such as washing and removing grime and oil, making it a must-have for personal care routines. Furthermore, the range of formulations that cater to different hair kinds and concerns increases its popularity and market penetration.

Hair Care Market, By Hair Type

  • Normal Hair
  • Dry Hair
  • Oily Hair
  • Curly or Wavy Hair
  • Straight Hair
  • Damaged or Chemically Treated Hair

Based on Hair Type, the market is bifurcated into Normal Hair, Dry Hair, Oily Hair, Curly or Wavy Hair, Straight Hair, and Damaged or Chemically Treated Hair. The segment of Damaged Or Chemically Treated Hair dominates the hair care market due to several factors. Many consumers undergo chemical treatments such as coloring, straightening, or perming, which can lead to hair damage. This creates a significant demand for products that repair, strengthen, and nourish damaged hair. Additionally, awareness about hair health and the availability of specialized products specifically formulated for damaged hair further drive the popularity of this segment. As a result, it holds a substantial share in the market catering to specific hair care needs.

Hair Care Market, By Distribution Channel

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Online Retail
  • Pharmacies/Drugstores

Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Specialty Stores, Online Retail, and Pharmacies/Drugstores. Supermarkets/Hypermarkets dominate the hair care industry distribution channel due to their extensive presence, which provides ease and accessibility to a wide selection of items. They attract a huge number of customers looking for both basic and specialty hair care products in one handy location. Furthermore, these stores frequently provide well-known brands alongside low-cost ones, appealing to a diverse customer base. Their capacity to use economies of scale and promotional methods strengthens their market position.

Hair Care Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

On the basis of regional analysis, the Global Hair Care Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia-Pacific area is the dominating market for hair care because to its vast and growing population, increasing urbanization, and rising disposable income. Furthermore, there is a significant cultural emphasis on hair care and beauty, as well as a high demand for a wide range of hair care products adapted to specific hair types and demands. The rapid growth of e-commerce improves accessibility and sales in this region.

Key Players

The “Global Hair Care Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are L’ORÉAL, Unilever, OLVEA Group, Shandong Baisheng Biotechnology Co. Ltd, REVLON Inc, Oriflame Cosmetics AG, Henkel Corporations, Shiseido Company Limited, Amway, Kao Corporation, Procter & Gamble Co., and Johnson & Johnson Services Inc. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Hair Care Market Recent Developments

  • In February 2024, Loreal Paris launches new hair care products exclusively at Walmart. Elvive Hyaluron Pure will be sold solely in Walmart shops throughout the United States and other operational territories throughout the world.
  • In February 2024, the Procter and Gamble Company’s Herbal Essences brand debuted a new collection of 11 shampoos and conditioners. According to the brand’s claims, the shampoo and conditioner contain a blend of pure aloe and camellia oil.
  • In April 2023, Kao introduced a waterless dry shampoo sheet designed for use in space. Merit produced waterless dry shampoo in response to the growing need for portable dry shampoos, which contained a shampoo sheet designed specifically for space use.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Unit

Value (USD Billion)

Key Companies Profiled

L’ORÉAL, Unilever, OLVEA Group, Shandong Baisheng Biotechnology Co. Ltd, REVLON Inc, Oriflame Cosmetics AG, Henkel Corporations, Shiseido Company Limited, Amway, Kao Corporation, Procter & Gamble Co., and Johnson & Johnson Services Inc.

Segments Covered

By Product Type, By Hair Type, By Distribution Channel, And By Geography.

Customization Scope

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Global Smart Robot Market, By Category

Component

  • Hardware
  • Software

Mobility

  • Stationary
  • Mobile

Application

  • Industrial
  • Service
  • Collaborative

End-User

  • Automotive
  • Electronics
  • Food & Beverage
  • Logistics & Warehousing
  • Healthcare

Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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