According to the report, the global hair care market is projected to grow at a CAGR of 4% between 2023 and 2028 to reach a value of USD 107.2 billion by 2028. Aided by the increasing consumer focus on personal grooming and the rising demand for natural and organic hair care products, the market is expected to grow significantly by 2028.
Hair care encompasses a broad range of products, including shampoos, conditioners, hair colorants, styling products, and hair treatment solutions. These products are designed to cleanse, condition, colour, style, and treat various hair and scalp conditions, ensuring the overall health and aesthetic appeal of hair.
In recent years, there has been a significant shift towards personal grooming, as consumers across the globe are becoming more conscious about their appearance. Hair, being a vital aspect of an individual's appearance, is receiving considerable attention. This rising focus on appearance and self-presentation is driving robust demand for hair care products, particularly those offering specific benefits such as hair strengthening, shine enhancement, and damage repair.
A notable global hair care market trend is the increasing consumer inclination towards natural and organic products. With growing awareness of the potential harmful effects of synthetic chemicals, consumers are seeking hair care solutions that are formulated with natural ingredients. This trend is pushing manufacturers to innovate and expand their product lines to include options that are free from parabens, sulphates, and other synthetic additives.
In line with the demand for more personalised consumer products, the hair care market growth is witnessing a rise in products that cater to specific hair types and conditions. Brands are offering products for curly, straight, oily, dry, and coloured hair, as well as solutions for issues like dandruff, hair loss, and split ends. This move towards personalisation is a significant factor propelling the growth of the market.
The hair care market is gaining substantial traction in emerging economies, such as the Asia-Pacific region and Latin America. Rising disposable incomes, urbanisation, and increasing awareness about hair care routines are notable drivers in these regions. Moreover, the expansion of retail channels, including e-commerce platforms, is making products more accessible to consumers around the world, leading to a bolstered hair care market demand.
These high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Hair care encompasses a broad range of products, including shampoos, conditioners, hair colorants, styling products, and hair treatment solutions. These products are designed to cleanse, condition, colour, style, and treat various hair and scalp conditions, ensuring the overall health and aesthetic appeal of hair.
In recent years, there has been a significant shift towards personal grooming, as consumers across the globe are becoming more conscious about their appearance. Hair, being a vital aspect of an individual's appearance, is receiving considerable attention. This rising focus on appearance and self-presentation is driving robust demand for hair care products, particularly those offering specific benefits such as hair strengthening, shine enhancement, and damage repair.
A notable global hair care market trend is the increasing consumer inclination towards natural and organic products. With growing awareness of the potential harmful effects of synthetic chemicals, consumers are seeking hair care solutions that are formulated with natural ingredients. This trend is pushing manufacturers to innovate and expand their product lines to include options that are free from parabens, sulphates, and other synthetic additives.
In line with the demand for more personalised consumer products, the hair care market growth is witnessing a rise in products that cater to specific hair types and conditions. Brands are offering products for curly, straight, oily, dry, and coloured hair, as well as solutions for issues like dandruff, hair loss, and split ends. This move towards personalisation is a significant factor propelling the growth of the market.
The hair care market is gaining substantial traction in emerging economies, such as the Asia-Pacific region and Latin America. Rising disposable incomes, urbanisation, and increasing awareness about hair care routines are notable drivers in these regions. Moreover, the expansion of retail channels, including e-commerce platforms, is making products more accessible to consumers around the world, leading to a bolstered hair care market demand.
Market Segmentation
The market can be divided based on type, product, and region.Market Breakup by Type
- Hair Care Product
- Hair Care Service
Market Breakup by Product
- Shampoo
- Hair Colour
- Conditioner
- Hair Styling Products
- Hair Oil
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global hair care market.Some of the major players explored in the report are as follows:
- Henkel AG & Company, KGaA
- Kao Corporation
- L'Oréal S.A.
- Proctor & Gamble Company
- Unilever plc
- Others
About the Analyst
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.These high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market15 Value Chain Analysis17 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Hair Care Market Analysis
9 North America Hair Care Market Analysis
10 Europe Hair Care Market Analysis
11 Asia Pacific Hair Care Market Analysis
12 Latin America Hair Care Market Analysis
13 Middle East and Africa Hair Care Market Analysis
14 Market Dynamics
16 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Henkel AG & Company
- KGaA
- Kao Corporation
- L'Oréal S.A.
- Proctor & Gamble Company
- Unilever plc
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 153 |
| Published | October 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 88.11 Billion |
| Forecasted Market Value ( USD | $ 107.2 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
