SEATTLE, May 16, 2022 (GLOBE NEWSWIRE) — GLOBAL Hair care product market is expected to be valued at USD 105.86 billion in 2021, exhibiting a CAGR of 5.33% during the forecast period (2021-2028).
key Global Hair Care Products Market Trends and Analysis:
The high demand for natural ingredients is very evident in the hair care product market, resulting in the majority of companies launching products with naturally derived ingredients, such as premium botanicals derived from plants. Among organic hair care products such as conditioners, shampoos, serums and oils, and styling, From Shampoo occupies a majority share of the global organic hair care market due to its wide use. For example, according to the Indian government report on medicines, more than half of consumers are switching to natural or organic products. Consumers are shifting their preference from allopathic hair care products to Ayurvedic hair care products due to their natural benefits and lack of side effects.
Another major trend impacting the hair care products market is the growing consumer demand for natural and plant-based products. More specifically, consumers are looking for: botanical shampoo. For example, according to Spate, a machine intelligence platform for identifying real consumer needs, there are 840 monthly searches for plant-based shampoo in the US, and interest in plant-based shampoo is growing at 31.1% growth in 2021. Consumers Want Natural, Clean Beauty Products. Natural, vegan, plant-based hair care formulas will skyrocket in popularity in 2021 as consumers seek out niche markets. eco friendly claim what matters most to them.
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Key Market Points:
The global hair care products market is anticipated to exhibit a CAGR of 5.33% over the forecast period (2021-2028). Hair care products such as shampoos, hair colors, hair conditioners, hair styling products and hair oils are becoming increasingly popular among consumers around the world. , consumer awareness of hair care products is part of the factor behind the rapid expansion of the global market.
of product types, the conditioner & mask segment accounted for 20.3% market share in 2020. This product moisturizes and cleanses the hair. In addition, conditioner restores moisture balance. Conditioners are similar to hair protectors used after shampooing to replenish lost moisture and calm the hair fibers.
Major players operating in the global hair care products market include Unilever plc, Procter Gamble Co., L’Oréal SA, Avon Products Inc., Revlon Inc., Aveda Corporation, Amka Products (Pty) Ltd., Johnson & Johnson Pvt. Ltd., Combe Incorporated, Henkel Corporation, The Estée Lauder Companies Inc., Shiseido Company, Limited.
Mergers and acquisitions, strategic collaborations, new product launches, and business expansion are the major strategies adopted by major players to maintain their market share. For example, in February 2022, Henkel, a German-based chemical and consumer goods manufacturer, entered into an agreement to acquire Shiseido Professional’s Asia Pacific hair professional business.. The acquisition includes leading specialty brands such as Sublimic. Also Primience endorsed by licensed Shiseido Professional Brands. Shiseido Professional is a salon-only brand that offers premium products for professional beauticians, including hair care, hair coloring, styling, and perms. Shiseido will retain his 20% stake in the Japanese entity to support business growth through its strong partnership with Henkel.
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- Global Hair Care Products Market by Product Type:
- conditioner & mask
- hair oil
- hair gel
- hair color
- Other (beauty essence, comb, etc.)
- Global Hair Care Products Market, By Distribution Type:
- hyper market
- specialty shop
- convenience store
- Global Hair Care Products Market by Region:
- North America
- latin america
- Rest of Latin America
- rest of europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa
- By country/region:
- rest of the middle east
- north africa
- central africa
- South Africa
- By country/region:
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Professional hair care marketBy Product Type (Hair Color, Shampoo, Styling, Straight & Perm, Others), By Application (Business to Business (B2B) and Business to Business (B2C)) (Hypermarkets/Supermarkets, E-Commerce, Salons, Specialty Stores) , and others)), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2021-2028
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