Coherent Market Insights published a business research report on Professional Hair Care Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023–2030. Professional Hair Care Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
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All aspects of hygiene and cosmetology that deal with body hair, facial hair, pubic hair, and other hair that grows from the human scalp are referred to as “hair care.” Different hair care regimens are employed depending on a person’s culture and the physical characteristics of their hair. Hair care services are offered in salons, barbershops, and day spas, and there are also products you can buy to use at home. For healthy hair, factors like nutrition, health, and genetics are crucial.
By the end of 2028, the professional hair care market in the world is anticipated to generate more than US$ 28.8 billion in revenue, with a CAGR of 5.3%. (2021 to 2028).
Due to growing knowledge of the negative effects of chemicals in hair care products, consumer preference is shifting to organic and herbal hair care products. There are now many companies that sell natural hair care products, which benefits the market but creates barriers for companies that make their products using chemicals. For instance, the American cosmetics company Aveda Corporation offers several naturally derived plant-based hair care items like ginseng oil and rosemary leaf extract. Additionally, major market players are increasingly concentrating on creating new products to meet consumer demand. These products come from the Indian multinational corporation Patanjali and include the kesh kanti reetha hair cleanser shampoo, amla hair oil, and others. As a result, the majority of companies are launching fresh organic hair care products. Natural ingredients, such as plant-inspired and premium botanical ingredients, are used to create these organic hair care products.
In terms of revenue, North America held a commanding position in the global professional hair care market in 2020, accounting for 31.0% of the market. The following two largest regions were Europe and the Asia-Pacific. The demand for expert services has increased as a result of rising per capita spending and the availability of established salons and hair care facilities. U.S. consumer spending on cosmetics increased from $12,955.5 billion in 2019 to $13,723.7 billion in the third quarter of 2021, according to the U.S. Bureau of Economic Analysis.
The high cost of raw materials and the limited availability of professional hair care products across the existing distribution channels are limiting the market’s growth. The global market for professional hair care is suffering as a result of the toxic chemicals used in many shampoos, cleansers, serums, and other products, which cause allergic reactions in many people with sensitive hair. The U.S. Food and Drug Administration (FDA) published new rules regarding colour additives on October 30, 2018, which forbade the use of lead acetate in cosmetics intended for hair colouring. Furthermore, this regulation established stringent guidelines for the components used in hair dye. For instance, colour additives used in cosmetics must receive FDA approval. Numerous colour additives must also be batch certified by the FDA if they are to be used in hair colour cosmetics (or any other FDA-regulated product) marketed in the United States. According to the World Trade Organization, the European Union restricted 22 hair dye substances in 2018 by adding them to Annex III of the Cosmetics Regulation (WTO). These substances include, among others, 2,5-diaminotoluene sulphate, 1,3-benzenediol, 1,4-benzenediamine, and 2-methyl. As a result, these onerous regulations that discourage investment are limiting the market’s growth.
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The global professional hair care market is trending toward a wide variety of ingredients and products for various types of scalp and hair in addition to digital platforms. Digital technology adoption is being accelerated by rising internet usage. Due to the simplicity and convenience that online shopping offers, the demand for hair care products is anticipated to increase significantly. E-commerce platforms also save customers time while offering additional benefits like free home delivery, savings on large orders, and gift coupons. Almost every aspect of modern life has been significantly altered by the internet. It has also altered consumer purchasing patterns. Manufacturers of professional hair care products now collect data on potential customers and keep records of their existing clients. The businesses offer distinctive online shopping based on this information. Various personalization technologies are being used by e-commerce businesses to affect the purchasing habits of consumers. Customized pop-ups, messages, emails, etc. help to gather reviews or customer feedback from customers, which further aids e-commerce businesses in improving their customer engagement. The demand for professional hair care products has increased as a result. For online retailers, Chabot’s is a potent lead generation tool. Chabot’s responds to customer questions promptly. Additionally, it improves the checkout process for online purchases and offers customer support.
In 2020, the shampoos category had the highest market share of any product type, with 36.4% of the global professional hair care market. This is due to the fact that shampoos are formulated to account for differences in hair quality, age, and hair care preferences.
The COVID-19 pandemic has had a negative effect on the industry. This is attributed to store closures brought on by lockdowns, the maintenance of low store occupancy, and customers’ caution around touching packaging for fear of contracting an infection. For instance, according to data released by Kantar, a data analytics and brand consulting company in March 2020, the growth of the hair care industry slowed down in 2020. Additionally, the precautionary measures taken by the government have delayed and reduced the shipment of goods, which has decreased sales. For instance, the Economic Times reported in February 2021 that the Covid-19 caused a 4.1% decline in global maritime commerce in 2020.
Coty Inc., Fable & Mane, Natura & Co., Henkel AG, Johnson & Johnson, Procter & Gamble Co., Revlon, Inc., Unilever Corporation, L’Oreal S.A., Kao Corporation, Avon Products Inc., and Aveda Corporation, are important market participants.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Professional Hair Care Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Professional Hair Care Industry Impact
Chapter 2 Global Professional Hair Care Competition by Types, Applications, and Top Regions and Countries
2.1 Global Professional Hair Care (Volume and Value) by Type
2.3 Global Professional Hair Care (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Professional Hair Care Sales, Consumption, Export, Import by Regions (2018-2023)
Chapter 5 North America Professional Hair Care Market Analysis
Chapter 6 East Asia Professional Hair Care Market Analysis
Chapter 7 Europe Professional Hair Care Market Analysis
Chapter 8 South Asia Professional Hair Care Market Analysis
Chapter 9 Southeast Asia Professional Hair Care Market Analysis
Chapter 10 Middle East Professional Hair Care Market Analysis
Chapter 11 Africa Professional Hair Care Market Analysis
Chapter 12 Oceania Professional Hair Care Market Analysis
Chapter 13 South America Professional Hair Care Market Analysis
Chapter 14 Company Profiles and Key Figures in Professional Hair Care Business
Chapter 15 Global Professional Hair Care Market Forecast (2023-2030)
Chapter 16 Conclusions
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