Hair Care Market: Global Industry Analysis and Forecast (2023-2029) Trends, Statistics, Dynamics, Segmentation by Product, Distribution Channel, End User, Type, and Region

Hair Care Market Definition:

Hair Care helps men and women maintain their hair's health and cleanliness while also protecting it from harm. Shampoo, conditioner, oil, serum, and other hair-nourishing treatments come in a range of liquid, gel, cream, and lotion forms. There are a variety of products on the hair care market for varied applications depending on the type of hair. There are shampoos for dry and greasy hair, conditioners for damaged scalp and hair healing, and shampoos for colored and curly hair.

Hair Care Market Dynamics:

Hair care entails using a variety of products to clean, maintain, and improve the texture and appearance of one's hair. Gels, oils, rinses, tonics, masks, serums, shampoos, dressings, conditioners, and sprays are examples of these items. To stay up with the ever-changing hair trends, various companies are currently producing new and revolutionary silicone and sulfate-free products. Also, rising disposable incomes, rising living standards, and the growing adoption of modern grooming methods are driving up demand in the global hair care market.

 

Hair concerns such as greying, dandruff, and hair loss are becoming more common among men, which is likely to increase the use of Hair Care. For example, in 2019, 62 % of males aged 18-50 suffer from hair loss, while 20 % suffer from dandruff. Also, because the elderly are more susceptible to hair problems than the younger age, demand for the items is projected to increase.

 

As people become more aware of the harmful impacts of chemicals on their health and the environment, their preferences are turning toward organic and herbal products, which is driving up consumption rates. Aveda Corp.'s Hair Care is certified organic and created with natural plant-based components like rosemary leaf extract and ginseng oil. Toxic compounds including parabens, sodium lauryl sulphate, and phthalates were also avoided. Moreover, prominent hair care market players have played a critical part in the industry's growth by increasingly focusing on creating and introducing new goods to meet diverse consumer demands depending on geography, culture, and ethnicity.

 

Due to the complexity of hair types and diversity and concerns, several companies are offering customized products to meet specialized consumer needs, which range from cleansing, styling, softening, and strengthening to scalp care, damage repair, thermal protection, frizz control, color retention, moisturization, and bond-building. One of the key drivers of market growth is a growing awareness of hair-related issues as a result of air pollution, climate change, and other environmental circumstances. Aside from that, manufacturers are adding natural oils, aloe vera, cocoa butter, and other organic component extracts in response to a growing demand for sustainable production and chemical-free products. They are also supplying multi-purpose products through online distribution channels to diversify their product selection and attract more clients. Rising demand for premium Hair Care, greater investments in promotional efforts such as celebrity endorsements, and enhanced product packaging are all likely to drive the hair care market.

 

To strengthen and broaden their existing strategic cooperation, L'Oreal and Symatese announced the signing of additional long-term research and development agreements in the field of biomaterials in October 2021. The firms hope to combine their knowledge to explore new scientific views in biomaterials intended for the physiology of human tissues, especially skin, with a focus on regeneration. The market players are adopting various strategies to capture the hair care market.

 

During the COVID-19 pandemic, the industry was negatively impacted. This is owing to the closure of stores due to the lockdown, the maintenance of a low store occupancy, and consumers' fear of becoming infected by handling the package. Hair care, for example, suffered a dip in growth in 2020. Also, the government's precautionary efforts have resulted in the postponement and reduction of products shipment, which has resulted in lower sales.

 

Consumers in developing nations such as India, South Africa, Indonesia, and Brazil are rapidly utilizing Hair Care, prompting manufacturers to invest and produce new mid-range products with additional features to suit demand. When it comes to product selection, consumers are getting more reasonable. As a result, producers have been urged to create new products with efficient packaging in order to attract customers while keeping the pricing in the mid-range.

 

Due to shifting customer behavior, the Hair Care market has undergone a fast transition. Manufacturers all around the world are benefiting from the growing demand for organic Hair Care. Toxic substances can harm hair. As a result, hazardous products must be avoided. Ordinary products frequently include a high concentration of chemicals, which might be dangerous. As a result, there is a growing demand for organic items on the market. Cleaning and caring for one's hair is essential, and it must be done using the appropriate products. The organic Hair Care market is growing due to the rising demand for natural ingredients-based products, which are possibly healthy for hair.

 

Hair Care Market Segment Analysis:

By Product, Shampoo dominated the hair care market with a 40% share in 2020. Due to its different hair enrichment content, which includes vitamins, botanical extracts, minerals, oils, and other ingredients that assist stimulate hair growth from the scalp follicles. Also, many customers' frequent use of shampoo is likely to raise the segment's demand.

 

Because of the increased demand for hair care in beauty salons, spas, and massage treatments, the hair colorants, shampoo, conditioner, and hair oil categories have a strong market presence.

 

Consumers have responded positively to various sub-segments, such as hair styling gel and hair spray. This is due to the widespread adoption of various hairstyles by young customers, aided by the changing fashion trend.

Hair Care Market Regional Insights:

North America region dominated the hair care market with a 37.51 % share in 2021. Because of the high expenditure on personal care, particularly hair-based products, North America is expected to have a considerable presence in the market. For example, in July 2020, Americans are expected to spend tens of billions of dollars to improve their hair, skin, and hygiene. Moreover, as women are willing to spend more on Hair Care, the increasing development of female employment is expected to promote demand.

 

The Asia Pacific is expected to hold a significant proportion of the market. The countries in this region suffer from severe air pollution, which needs hair cleansing on a regular basis. Air Pollution in Asia Pacific 2019, nearly 4 billion people are exposed to levels of air pollution that are harmful to their health. Moreover, the region's developing spa industry is anticipated to boost the hair care market in region. China is the world's second-largest market for Hair Care. Premium Hair Care is most commonly used in China's tier-one megacities, with inland tier two and tier three cities catching up. With the rise of the middle class and increased purchase of consumer goods, this trend is likely to continue.

 

Hair Care Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in  North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Global Hair Care market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Hair Care market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the global market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Global Hair Care market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the global market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Global Hair Care market. The report also analyses if the Global Hair Care market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global Hair Care market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Hair Care market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the global market is aided by legal factors.

 

Hair Care Market Scope:

 

Hair Care Market Scope
Market Size in 2022	USD 91.57 Bn.
Market Size in 2029	USD 134.81 Bn.
CAGR (2023-2029)	5.6%
Historic Data	2017-2021
Base Year	2022
Forecast Period	2023-2029
Segment Scope	by Product Hair Colorants Shampoo Conditioner Hair Oil Others
	by Distribution Channel Supermarkets Specialty Stores Online Stores Others
	by End User Men Women Kids
	by Type Organic Synthetic
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

HAIR CARE MARKET KEY PLAYERS: 

• L'Oréal S.A. (France)
• Coty Inc.  (North-Holland)
• Henkel AG & Co. KGaA (Germany)
• Unilever PLC (United Kingdom)
• The Procter & Gamble Company (United States)
• Revlon, Inc. (United States)
• Kao Corporation (Japan)
• Natura & Co. (Brazil)
• Johnson & Johnson (United States)
• Aveda Corporation (United States)
• Shiseido Company, Limited (Tokyo)
• Amway (United States)
• Oriflame Cosmetics AG (Switzerland)
• Beiersdorf AG (Germany)