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Global Professional Hair Care Market Size By Product Type (Hair Coloring, Hair Styling, Hair Straightening And Perming Products, Shampoo And Conditioning Products, Hair Care Oils And Serums), By Distribution Channel (Salons, Specialty Stores, Online Channels), By End User (Individual Consumers, Salons And Spa Centers), By Geographic Scope And Forecast


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

Publisher : MIR | Format : PDF&Excel

Global Professional Hair Care Market Size By Product Type (Hair Coloring, Hair Styling, Hair Straightening And Perming Products, Shampoo And Conditioning Products, Hair Care Oils And Serums), By Distribution Channel (Salons, Specialty Stores, Online Channels), By End User (Individual Consumers, Salons And Spa Centers), By Geographic Scope And Forecast

Professional Hair Care Market Size And Forecast

Professional Hair Care Market size was valued at USD 20399 Million in 2023 and is projected to reach USD 32414.88 Million by 2031, growing at a CAGR of 5.96% from 2024 to 2031.

  • Professional hair care encompasses a variety of products and treatments designed to address specific hair concerns and achieve desired results. These products are typically more concentrated and formulated with higher-quality ingredients than drugstore brands. They may also go through more rigorous testing to ensure safety and efficacy.
  • Products such as Shampoos and conditioners formulated for specific hair types (dry, oily, color-treated, etc.) & Deep conditioners and hair masks for intense hydration and repair
  • Professional hair care can be a great way to improve the health and appearance of your hair. However, it’s important to consult with a hairstylist to determine which products and services are right for you. They can assess your hair type and condition, and recommend a personalized hair care routine.

Global Professional Hair Care Market Dynamics

The key market dynamics that are shaping the Professional Hair Care Market include

Key Market Drivers

  • Rising Demand for Natural and Organic ProductsConsumers are increasingly concerned about the ingredients in their hair care products and are seeking natural, organic, and sustainable options. Professional brands are responding by offering products with botanical extracts, essential oils, and other plant-based ingredients.
  • Growing Focus on Hair HealthPeople are becoming more aware of the importance of scalp health and hair wellness. This is driving demand for professional products that address specific concerns like hair loss, thinning, dandruff, and dry scalp.
  • Increasing Disposable IncomeAs disposable incomes rise, especially in developing countries, consumers are willing to spend more on premium hair care products and salon services.
  • Social Media InfluenceSocial media platforms like Instagram and YouTube are filled with influencers showcasing trendy hairstyles and hair care routines. This exposure fuels the demand for professional products and services to achieve similar results.
  • Evolving Hair Fashion TrendsThe ever-changing world of hair fashion necessitates professional expertise to achieve the latest cuts, colors, and styles.

Key Challenges

  • High CostProfessional hair care products and salon services can be significantly more expensive than drugstore alternatives. This can be a barrier for some consumers.
  • Competition from Mass Market BrandsMass-market brands are increasingly offering salon-quality products at lower price points, which can put pressure on professional brands.
  • Shift to Online Sales While convenient, the online availability of professional hair care products can lead to consumers bypassing salons for at-home care, impacting salon revenue.
  • Finding Qualified StylistsThe industry may face challenges in attracting and retaining skilled stylists to meet the growing demand for professional services.

Key Trends

  • CustomizationThere’s a growing emphasis on personalized hair care routines tailored to individual needs and hair types. This trend is driven by several factors, including the increasing availability of diagnostic tools that can assess scalp health and hair porosity, a growing awareness of the unique challenges faced by different hair types (e.g., curly, oily, relaxed, color-treated), and the rise of direct-to-consumer brands that offer custom-blended hair care products. Salons are also increasingly offering consultations to develop personalized hair care plans that take into account a client’s lifestyle, hair goals, and budget.
  • SustainabilityProfessional brands are increasingly catering to environmentally conscious consumers by incorporating eco-friendly practices throughout their product lifecycle. This includes using recyclable or biodegradable packaging materials, opting for sustainable sourcing of ingredients, and minimizing water usage in manufacturing processes. Some brands are even exploring refillable packaging options to further reduce waste. This focus on sustainability resonates with a growing segment of the market who are willing to pay a premium for products that align with their values.

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Global Professional Hair Care Market Regional Analysis

Here is a more detailed regional analysis of the Professional Hair Care Market

Asia Pacific

  • According to Market Research, Asia Pacific is estimated to dominate the market over the forecast period. Rising disposable income in developing countries like China and India fuels consumer spending on premium hair care products and services.
  • Urbanization leads to a growing population with increased exposure to fashion trends and a greater emphasis on personal appearance.
  • The region is home to a wide range of hair ethnicities, including straight, wavy, and curly hair textures. This diversity necessitates a vast array of professional hair care products and treatments. For instance, people with straight hair may seek straightening or smoothing treatments to achieve a sleek look, while those with curly hair may require specialized products and techniques to control frizz and enhance curl definition.
  • The presence of counterfeit professional hair care products can be a challenge, impacting brand reputation and sales.
  • In some developing countries, there may be a lack of awareness about the benefits of professional hair care compared to mass-market options.

Europe

  • Europe has a well-established Professional Hair Care Market with a rich history of innovation and a strong focus on quality. European hair care brands are known for their dedication to research and development, constantly formulating new and improved products that address the evolving needs of consumers. This focus on innovation ensures that European professional hair care products remain at the forefront of the industry.
  • European countries boast a dense network of hair salons, conveniently located throughout cities and towns. This widespread availability of salons makes it easy for consumers to access professional hair care services regularly. The density of salons is particularly high in major metropolitan areas, where consumers have a variety of salons to choose from, catering to different budgets and hair care needs.
  • The European Professional Hair Care Market is a mature market with high brand saturation, which can lead to slower growth. Additionally, economic fluctuations can impact consumer spending on non-essential items like professional hair care services.

North America

  • North America boasts a large and affluent consumer base with a strong disposable income, a significant portion of which is allocated towards personal care and beauty products. This economic strength translates to a willingness to spend on premium hair care products and services that are perceived to offer superior quality, performance, and results compared to drugstore alternatives.
  • Consumers in North America are particularly interested in products that address specific hair concerns, cater to their unique hair types (straight, wavy, curly, etc.), and align with their personal style preferences. The Professional Hair Care Market in North America has responded to this demand by offering a wide variety of high-end shampoos, conditioners, styling products, and hair treatments formulated with innovative ingredients and advanced technologies.
  • Many international hair care brands have established a strong presence in North America, offering a wide variety of products.
  • There’s a growing focus on hair health and scalp wellness in North America, driving demand for specialized professional treatments.

Global Professional Hair Care MarketSegmentation Analysis

The Global Professional Hair Care Market is Segmented on the basis of Product Type, Distribution Channel, End User, and Geography.

Professional Hair Care Market, By Product Type

  • Hair Coloring
  • Hair Styling
  • Hair Straightening and Perming Products
  • Shampoo and Conditioning Products
  • Hair Care Oils and Serums

Based on Product Type, the market is segmented into Hair Coloring, Hair Styling, Hair Straightening and painting products, Shampoo and Conditioning Products, and Hair Care Oils and Serums. Among product types, Shampoo, and Conditioning are to hold the largest market share in professional hair care. This dominance is due to the frequent need for these basic cleansing and nourishing products in any hair care routine. Unlike specialty products used occasionally, shampoos and conditioners are essential for regular hair maintenance, contributing to their consistent and high sales volume within the Professional Hair Care Market.

Professional Hair Care Market, By Distribution Channel

  • Salons
  • Specialty Stores
  • Online Channels

Based on Distribution Channel, the market is divided into Salons, Specialty Stores, and Online Channels. Salons have captured the largest share of the Professional Hair Care Market due to Salons providing professional guidance on choosing the right products for your hair type and concerns. Certain hair treatments and coloring techniques require a stylist’s expertise, unavailable with at-home products.

Professional Hair Care Market, By End User

  • Individual Consumers
  • Salons and Spa Centers
  • Others

Based on End User, the market is segmented into Individual Consumers, Salons and Spa Centers, and Others. Individual consumers hold the largest share of the Professional Hair Care Market. This is because these products are directly targeted towards individual needs for maintaining healthy hair at home. While salons and spas use professional products, the final consumption happens by the individual clients. The “Others” category likely represents a smaller segment and may include professionals like barbers or stylists who purchase products for their independent practices.

Key Players

The “Global Professional Hair Care Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Henkel AG, Procter & Gamble Co., Unilever Corporation, Kao Corporation, L’Oreal S.A., Revlon, Inc., Johnson & Johnson, Natura & Co., Loreal, Coty Inc., Fable & Mane.

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 its 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.

Professional Hair Care Market Recent Developments

  • In 2024, Loreal recently acquired ModiFace, a company specializing in augmented reality (AR) for the beauty industry. This move suggests that L’Oreal is looking to enhance the customer experience by offering virtual consultations and hair color try-on options.
  • In 2024, Henkel, the company, known for its Schwarzkopf professional brand, is placing a growing emphasis on sustainability. They’re implementing eco-friendly practices throughout their production processes and exploring refillable packaging options to reduce waste.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2022

Unit

Value (USD Million)

KEY COMPANIES PROFILED

Henkel AG, Procter & Gamble Co., Unilever Corporation, Kao Corporation, L’Oreal S.A., Revlon, Inc., Johnson & Johnson

SEGMENTS COVERED

By Product Type, By Distribution Channel, By End User, and By Geography

CUSTOMIZATION SCOPE

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Research Methodology of Market Research

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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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