Hair Care Market report provides emerging opportunities in the market and the future impact of major drivers and challenges and, support decision makers in making cost-effective business decisions. Hair Care Market analyse factors that effect demand for Hair Care, driving factors, trends, and challenges faced by industry vendors, regional analysis, Segment by Type, Applications of whole Hair Care industry.
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Description of Hair Care Market: The global hair care market was estimated to be worth USD 85.52 billion in 2017, and is expected to reach USD 106.57 billion by the end of 2023, recording a CAGR of 3.69% during the forecast period of 2018-2023. The majority of the global population has become beauty conscious and people are being more inclined toward beauty-enhancing products. With increasing professional work culture, personal grooming and appearance have become one of the primary concerns for employees, as they want to maintain a professional outlook. Owing to its significance as one of the primary grooming products for both men and women, this has resulted in an increased demand for grooming products, the demand for hair care has been increasing. In addition, with more than 54% of the population falling in the age bracket of 20-65 years, a significant number of people are concerned about the effects of aging.
With the youth and middle-aged population facing hair-related problems, such as discoloring, thinning, etc., the demand for hair care is also increasing. There has also been a considerable surge in global E-commerce sales and companies are looking for ways to explore this sector, to boost their sales. With companies investing heavily on advertising, there has been an increased awareness among users, about different products. With increased adoption of new products among the population, a rise in demand has been witnessed. These factors are driving the growth of the global hair care market.
Specialty Stores to Gain Traction over the Forecast Period
The number of consumers buying hair care products from specialty stores has been increasing over the last few years. High-spending consumers, those willing to buy premium products, are targeted by these specialty stores. An increase in youth-targeted cosmetics, the expansion of male-specific products and reformulation of anti-aging products have given specialty stores a new array of items to offer. Owing to an increased demand for organic and environment-friendly products, the sales of hair care products through specialty stores has witnessed robust growth over the last few years. The landscape of sales channels has witnessed a positive leap, as they offer natural and organic brands. In the coming years, the per capita disposable income is expected to continue to rise, and subsequently, the industry revenue is expected to witness an upward trend. The accessibility of a wide range of cosmetic brands is being provided by specialty stores, as they create product integrity, selection, fresh stocks, etc.
The United States Holds the Major Share in North America
The United States is one of the largest markets for hair care and contributes to a major chunk of the global hair care market. US consumers are seeking products according to their specific needs and preferences. The country enjoys the presence of many multinational companies, such as Revlon, MAC Cosmetics, Avon, and L’Oreal. Several companies are considering the United States as a multicultural market, with focus on new product development and advertising campaigns. The US population incurs significant expenditure on personal care products and are ready to adopt new products. This factor is attracting most of the companies to opt for the United States as their key market. Many companies are willing to launch their new products in the United States. The hair care market has registered significant growth in the United States, because of the increase in adoption of cleansing conditioners in the country
Global Hair Care Market: Manufacturers Segment Analysis (Company and Product introduction, Hair Care Sales Volume, Revenue, Price and Gross Margin):
Hair Care Market report passes on a fundamental overview of the Market including its definition, applications and advancement. Furthermore, the Industry report investigates the ecumenical Major Hair Care Market players in detail. Hair Care Market report gives key bits of Cautiousnessand subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
Reasons to Purchase this Report
The Global demand for Hair Care Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Hair Care Market Historic Data (2012-2018):
- Industry Trends: Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Hair Care Market Forecast (2018-2025):
- Market Size Forecast: Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
Hair Care Market Influencing Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
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In addition, company-to-company comparison (Company benchmarking) and product-to-product comparison (Product benchmarking) are included in the research work. It presents key competitive factors that are vital for companies to excel in challenging market conditions.