The Business Research Company’s global market report has been updated with the latest market size information for 2023 and forecasts to 2032.
London , January 4, 2023 /PRNewswire/ — While this is not true of all vegan hair dyes, vegan hair dyes tend to contain less harsh chemicals than non-vegan hair dyes. For example, in 2020 LeBron, united states of america The cosmetics, skincare and personal care company has launched NEW Total Color, a 100% full coverage vegan permanent hair color. This unique product nourishes hair for natural color, brilliant shine and reduced breakage. Vegan ingredients and an easy-to-use, effortless experience and precision are at the heart of it.
The global market for natural hair care products is nearly $9.89 billion By 2022, it will grow at a compound annual growth rate (CAGR) of 3.6% since 2017. The natural hair care product market is $9.89 billion in 2022 $12.77 billion At a rate of 5.2% in 2027. Natural Hair Care Products Market to grow at a CAGR of 5.4% from 2027, $16.62 billion 2032.
Details of the Natural Hair Care Products Market Report
Natural Hair Care Products Market Drivers – Rising Number of Hair Problems
According to the forecast of the natural hair care products market, increasing hair problems supported the hair care products market during the forecast period. Increasing hair-related problems such as dandruff, hair loss, and split ends are boosting the growth of the natural hair care products market. for example, January 2022according to SBS Filipino, Australia50% of Australians experience hair problems in the summer, making them feel less confident when going out or socializing, according to an international news company based in Australia. Thus, increasing hair-related problems contributed to the expansion of the natural hair care products market during this period.
Procter & Gamble Holds Largest Natural Hair Care Products Market Share in 2022
The Procter & Gamble Company (P&G) is the largest competitor in the natural hair care products market, with a market share of 7.94%. P&G’s growth strategy focuses on enhancing business operations through strategic collaborations and partnerships. for example, June 2018P&G’s Herbal Essences brand in partnership with the Royal Botanic Gardens, England, Kew, brings cutting-edge botanical science to its lineup of conditioners and shampoos. This partnership aims to provide hair care products with natural botanical ingredients.
Market segment for natural hair care products
The global natural hair care products market is segmented-
1) By product type: shampoo, conditioner, oil/serum, gel/wax, hair color, others
2) Gender: male, female, other
3) By price category: high or premium, medium, low
4) By distribution channel: offline, online
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