The salon products market has been affected by the economic woes gripping most Americans, as consumers keep a closer eye on their expenditures and trade down on everything from cars to clothing to personal care. In addition, salon brands have found themselves competing with mass market brands delving into the high-end market of hair and skincare, as they also struggle to deal with the practice of diversion, which is becoming increasingly common.
Key findings in this Mintel report include:
- The impact of diversion and how manufacturers are handling it - A look at the competing factors—such as better products in the regular retail channels as well as a poor economy - that are taking sales away from salons and salon products - A closer look at some salon brands and how they’re innovating in order to stay on top - The manner in which black haircare is influencing the salon market - How salons are trying to keep pace with FDM retail channels - What the potential trends are for the future, as salons determine how to stay afloat in a recession - How prevalent the purchase of products at salons is, relative to other retail channels - What the most popular hair and skincare products are at salons - The attitudes that respondents have regarding salon brands purchased through other retail channels such as mass merchandisers - How the presence of children in the household affects the purchase of salon brands
