Global hair care market could grow at a CAGR value of around 5.3% by 2028

hair care market

Hair Care Market – Trends, Demand, Growth, Value and Analysis Report by Zion Market Research

The global hair care market size is estimated to be worth around US$75,892.5 million in 2021 and grow to around US$1,034.59 million by 2028. “

— Prakash Torase

SUITE N202, NEW YORK, USA, Jan. 19, 2023 /EINPresswire.com/ — The global hair care market is worth approximately US$75,892.5 million in 2021 and will grow to approximately US$1,034.59 million by 2028 is estimated to grow to The growth rate (CAGR) during the forecast period is around 5.3%. This report analyzes the hair care market drivers, constraints/challenges and their impact on demand during the forecast period. Additionally, the report explores new opportunities in the hair care market.

Hair care products are essential to maintaining the health of our hair, which makes up a large part of our appearance. As interest in appearance and aesthetics grows, so does the demand for personal care, and this trend has also driven demand for hair care products. work.

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Sales of hair care products will also increase as per capita disposable income increases globally and demand is driven mostly by emerging economies. The countries of India, China and Brazil are expected to be the most profitable markets due to their large populations and increasing demand for personal care products.

However, the shortage of sensitive products for sensitive hair and scalp is expected to have a restraining impact on the global hair care market. We invest in research and development of products that

Hair care companies have the opportunity to take advantage of sustainability trends and develop new products that are eco-friendly and made from natural ingredients. People are increasing their demand for such products. Increasing awareness about the benefits of natural products will also increase the demand for organic and natural based hair care products during the forecast period.

Global hair care market

The 2020 pandemic, like most markets, has had a significant negative impact on the global hair care market. Global sales of hair care products fell as several countries around the world imposed lockdown restrictions to curb the spread of the infection. The closure of multiple distribution channels due to these restrictions has reduced the potential of the hair care market in 2020.

The hair care market is expected to recover steadily in the post-pandemic era and the demand is also expected to increase significantly during the forecast period. Potential increased spending from emerging economies will drive growth as hair care companies explore untapped potential in new markets.

The global hair care market is segmented on the basis of product type, distribution channel, and region. Based on distribution channel, the global market is segmented into supermarkets and hypermarkets, specialty stores, convenience stores, online retailers, and others. The supermarket and hypermarket segments will hold a large market share in the global hair care industry. The growing popularity of e-commerce is expected to hamper growth to some extent, but sales via online channels will increase.

The European region is expected to be the most lucrative market for hair care products due to growing beauty awareness in the region. Other factors such as increasing availability of hair care products are also expected to favor the growth of the hair care market in the region during the forecast period. Germany, France, and the United Kingdom are expected to be major markets in the region. Growing beauty awareness among men will also shape the potential of the hair care market in the region.

Major companies active in the global hair care market include Kao Group, L’Oreal USA, Inc., Procter & Gamble (P&G) Company, Unilever PLC, and Johnson & Johnson Inc.

Recent developments:

In September 2018, Indian multinational consumer goods organization Marico Ltd. announced the launch of a new range of hair care products. This included a new hair tonic called True Roots, a botanical solution for people dealing with gray hair and slowing the process.

For more information about this report, please visit https://www.zionmarketresearch.com/inquiry/hair-care-market.

The global Hair Care market segmentation is as follows:

By product type

shampoo
hair color
conditioner
hair styling products
others
By distribution channel

supermarkets and hypermarkets
specialty shop
convenience store
online retailers
others
By region

North America
America
Canada
Europe
France
England
Spain
Germany
Italy
rest of europe
Asia Pacific
China
Japan
India
Korea
Southeast Asia
Rest of Asia Pacific
latin america
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
South Africa
Middle East and rest of Africa

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Global hair care market could grow at a CAGR value of around 5.3% by 2028

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