At 5.3% CAGR Professional Hair Care Market to Reach $57.5 billion, Globally, by 2033
Professional Hair Care Market demand
The growing impact of social media and beauty influencers has greatly increased professional hair care market demand.
WILMINGTON, DELAWARE, UNITED STATES, July 11, 2024 /EINPresswire.com/ -- The global professional hair care market1 size was valued at $34.8 billion in 2023, and is projected to reach $57.5 billion by 2033, growing at a CAGR of 5.3% from 2024 to 2033.
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The professional hair care products are grooming products that are used to apply on hair to get a desired hairstyle and are also used to handle hair problems including hair fall, frizzy hair, split ends, dandruff, and dry or itchy scalp. The professional hair care products include shampoo, hair wax, hair colorants, straightening & perming products, hair gel, hair conditioner, and others. Application of these professional hair care products nourishes the hair & scalp, and gives an aesthetic hairstyle and look. Moreover, these grooming products including hair straightening & perming products, hair colorants, and styling agents are gaining popularity among young as well as aged consumers. Over the past couple of decades, there has been a rise in the concern over the hair protection, hair fall, hair density, as well as the quality of hair that needs to be ude products including hair color, hair wax, hair straightener, and others. Increase in self-awareness toward following trending fashion among youngsters is expected to drive profits in the professional hair care market. Furthermore, the availability these professional hair care products in the market through different distribution channels that include online stores, salons, and others also boosts the professional hair care market growth.
The hair coloring segment in the professional hair care market is anticipated to be the fastest growing segment during the forecast period. This is attributable to the rise in social media including Instagram as well as increase in celebrity influence has contributed toward rise in awareness about fashion trends related to hair color such as gray & pastel color specifically among the young consumers. In addition, golden Ombore hair color, rose blonde hair color, gray & pastel hair color, and nude hair color are some of the best hair color trends at present. Moreover, increase in number of hair salons and spas is also contributing in fueling the growth of the hair coloring segment in terms of value sales.
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The E-commerce segment in the professional hair care market is anticipated to be the fastest growing segment during the forecast period. This is due to the easy accessibility, heavy discounts, and offers on cosmetics products including professional hair care. This boosts the adoption of e-commerce in the professional hair care market, and becomes a popular medium for the purchase of professional hair care products. Moreover, easy availability of different types of professional hair care products along with the information about the ingredients used in hair care products such as hair wax, hair color, and others coupled with the tips on how to use these products, time-saving feature, and the facility of home delivery contribute to the growth of online sales.
According to Roshan Deshmukh, Research Manager, Consumer Goods at Allied Market Research, “The global demand for professional hair care market is expected to increase due to the rise in concern about hair protection as well as the increase in concern of one’s facial appearance & look among the young as well as aged consumers, which results in the growing demand for professional hair care products among the consumers globally.
The global professional hair care market is segmented on the basis of product type, distribution channel, and region. By product type, the market is classified into hair coloring, shampoos, styling agents, and straightening & perming products. By distribution channel, the market is divided into hypermarkets/retail chains, e-commerce, specialty stores, pharmacies, salons, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Market Key Players:
The major players operating 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
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the professional hair care market analysis to identify the prevailing professional hair care market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the professional hair care market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as professional hair care market trends, key players, market segments, application areas, and market growth strategies.
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> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors
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1 https://www.alliedmarketresearch.com/professional-hair-care-market
2 https://www.alliedmarketresearch.com/k-beauty-products-market
3 https://www.alliedmarketresearch.com/vietnam-skin-care-products-market-A06729
