Hair Care Market Insights, Trends, Growth and Forecasts 2019 to 2023 – Worldwide Market


The report presents an in-depth assessment of the Hair Care including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Hair Care investments from 2019 till 2023.

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 2019-2023.

Top Companies in the Global Hair Care Market: SHESEIDO COMPANY, JOHNSON & JOHNSON, UNILEVER, AMWAY, PROCTER & GAMBLE, LOREAL GROUP, REVLON GROUP, BEIERSDORF AG, NATURACOSMETICOS SA, CONAIR CORPORATION, GOODY PRODUCTS, YVES ROCHER, and CADIVEU PROFESSIONAL USA, and others.

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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.

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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 LOreal. 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.

Key Developments in the Market

April 2018: Loreal launched a skin device based on mechanobiology discoveries – a unique massage head with anti-aging effects on wrinkles and the contours of the face, lips, and neck.

October 2018: Loreal and Poietis signed an exclusive research partnership to develop bio-printing of hair. The company announced that it successfully reduced carbon dioxide emissions by 56% against a 2005 baseline, even while increasing production by 26% over the same period.

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What are the market factors that are explained in the report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Analytical Tools: The Global Hair Care Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

Finally, Hair Care Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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