Global Professional Hair Care Market: Demand Analysis and Growth Forecast
A newly compiled market research report from IndustryARC states that the global professional hair care market size was $14,600 million in 2018, and is estimated to grow with a CAGR of 3.5% during the forecast period 2019-2025. The information is presented in a new market research report from IndustryARC, titled: “Professional Hair Care Market: By Types (Hair Coloring, Hair Styling, Hair Straightening & Perming, Shampoos and Conditioners) & Geography – Forecast (2019 – 2025).” This report covers Professional Hair Care market Size by Product and applications, Professional Hair Care market share by top 5 companies and also the market share by start-ups during the forecast period.
In the current world, people are more concerned about their hair, so they are choosing professional hair care products to maintain strong and healthy hair, a key to high self-esteem. Professional hair care is mainly provided by professional hair care products such as higher quality cleaning agents, shampoos, and conditioners with more ingredients to improve the healthy and shiny hair growth. Professional hair care is expensive, as it comprises of different methodologies in hair treatment, coloring, straightening, and hair styling. Presently, people are increasing the demand for the perm to structure and permanently wave hair. Rising sales of professional hair care products owing to the exclusive discounts on salon packs through online shopping are encouraging the consumers to avail attractive services at reasonable prices. Increasing disposable income coupled with increased spending of people for salon products and shampoos to protect their hair from dryness, dandruff, and scalp treatments is stroking the prosperity of the professional hair care market.
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Professional Hair Care Market: Leading Segments
The analyst of the report identifies that coloring is the key professional hair care market application segment, which held the major share in 2018 and is projected to grow with a CAGR of around 2.5% to 3.0% during the forecast period. Hair coloring has become the latest style and is being adopted widely by the influence of celebrities on a fashion trend. The demand for ammonia-free hair colorants such as L’Oreal Paris Casting Creme Gloss, Clairol Natural Instincts CremaKeratina, and GarnierOlia is rising as they are less volatile and harmless.
Based on the geographical analysis, Europe held the largest share in 2018, accounting for around 34% to 36% of the total demand share. The increasing number of footprints of Germans for hair dyes towards salons, as they prefer natural professional hair care products rather than harmful chemicals to dye their hair. Thus Germany is contributing added share for the growth of the professional hair care market in the European region.
Professional Hair Care Market Trends
- Hairbots, 3D coloration technology and virtual reality are the different technologies used to improve the customization of products through promotional activities. This improvement in technology is gaining from internet revolution in promoting hair care products, and conveying digital beauty bloggers to enhance exposure of new brands.
- New innovative use of natural ingredients such as aloe vera, carnitite, and glycerol to protect the scalp and also to nurture the use of professional products such as rahua, yarok, briogeo, and davines.
- Hair restoration technology is one of the latest innovations in the domain of hair care, which provide the most reliable and permanent solution for those who are suffering from balding conditions.
- Food and drug administration approved drug-free hair loss treatment “HairMax Laser Comb” is stimulating hair follicles.
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Professional Hair Care Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global professional hair care market are: Henkel AG & Company, KGaA, IDA(World Hair Cosmetics (Asia) Ltd), Kao Corporation, L'Oréal S.A, Procter & Gamble, Milbon Co., Ltd., Shiseido Company, Unilever, Revlon, Inc, and Estée Lauder Companies Inc.
A. Australia Professional Hair Care Market
B. Hong Kong Professional Hair Care Market
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