US Hair Care Industry Share, Growth Factors, Top Manufacturers, By Types, Applications And Forecast To 2025
Global Hair Care Industry is valued at USD 98.52 Billion in 2019 and expected to reach USD 126.54 Billion by 2026 with the CAGR of 3.64% over the forecast period.
Increasing demand for improved personal care and people inclining towards beauty-enhancing products coupled with increasing cases of baldness are some of the major factors anticipated to propel the growth of Global Hair Care Market.
Scope of Global Hair Care Industry Report-
Hair care is a general term for hygiene and cosmetology involving the hair which grows from the human scalp and to a lesser extent facial, pubic and other body hair. Hair care routines differ as per an individual's culture and the physical characteristics of one's hair. Professional hair and scalp treatments are effective to address multiple problems of the scalp and degrading hair quality, including hair loss. These treatments work by tackling the issues from the roots, promoting blood circulation and revitalizing the follicles. Hair Care products help to control the properties and behavior of the hair so that it can be maintained in a controlled and desirable manner. It mainly includes hair sprays, hair conditioners, hair straighteners and relaxers, shampoos, rinses, permanent waves, tonics and dressings.
Key Players for Haircare Industry Market Report–
Global Haircare Industry Report covers prominent players are like Unilever, Shandong Baisheng Biotechnology Co.Ltd, L’ORÉAL, OLVEA Group, REVLON Inc, Oriflame Cosmetics AG, Johnson and Johnson ServicesInc., Shiseido Company, Limited, Kao Corporation, Henkel Corporations (Schwarzkopf Professional), Amway and Procter and Gamble Co. and others.
The regions covered in this Global Haircare Industry report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Haircare is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
News:
Henkel Opened Professional Hair Care Headquarters in Los Angeles Area
January 17th, 2018; Henkel announced the official opening of the company’s Beauty Hair Care Professional Headquarters located at 5800 Bristol Parkway in Culver City, California. This new location is the culmination of bringing several key brands into one cohesive technology-rich location. Henkel’s North American professional hair care brands, intended for both professional hairdresser/salon use as well as consumer use.
Global Haircare Industry Segmentation:–
By Product: Hair Styling, Shampoo, Hair Colorant, Conditioners, Hair Oil
By Application: Hair Treatment, Scalp Treatment
By Distribution Channel: Hypermarkets, E-Commerce, Pharmacies
Increasing Demand for Improved Personal Care and People Inclining Toward Beauty-Enhancing Products Coupled with Increasing Cases of Baldness are some of the Factors Anticipated to propel the Market Growth.
Major factors driving the growth of global hair care market include the increasing demand for improved personal care and people inclining toward beauty-enhancing products coupled with increasing cases of baldness are the factors. Growing consumer concern about the safety of preservatives in personal care and cosmetic products has led to their increased scrutiny by regulatory bodies. According to Health and Beauty Industry Statistics, Over 80% of Generation Z-ers purchase organic and natural skincare products. Teenagers spend over USD 40 billion on beauty products. Increasing number of consumers inclining towards beauty-enhancing products coupled with increasing cases of baldness is also supplementing the market of hair care growth. By 50 years of age, about 85 percent of men are balding, according to the American Hair Loss Association (AHLA). And More than 50 percent of women experience balding. Also, According to national library of medicine, the proportion of men with moderate to extensive hair loss was 42%. The proportion of men with moderate to extensive hair loss increased with increasing age, ranging from 16% for men 18-29 years of age to 53% of men 40-49.
Asia Pacific is Expected to Dominate the Global Haircare Industry
Asia pacific is expected to dominate the global haircare market. Increasing number of hair related issues among men and women is expected to drive the hair care market growth in this region. Therefore issues such as dryness, spilt ends, excess oiliness and hair fall among others have increased the awareness regarding hair care products which will boost its demand. Baldness is becoming more common in China, with a new survey showing that one out of six Chinese people, or about 250 million people, are suffering from hair loss. According to a survey released by the China Association of Health Promotion and Education (CAHEP), men aged 20 to 40 are the main group with the problem. Another fact is that men are more likely to experience hair loss than women. A survey from China's medical doctor association concludes that the incidence of hair loss among Chinese men is 25 percent.
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