The global professional hair care market size was valued at $18,072.9 million in 2017, and is projected to reach $26,242.7 million by 2026, registering a CAGR of 4.6% from 2019 to 2026. The professional hair care market includes hair grooming products that are applied to hair to get a stylish hairstyle and desired look. The professional hair care market includes premium and salon based products that are organic and paraben-free and ensure damage-free hair with a healthy scalp. Moreover, recently, modern hairstyles have become the expressions of consumers’ attitudes, personalities, and their fashion preferences. This is attributable to the increase in celebrity influence as well as the persistent self-consciousness about facial appearance mostly among the young population. This fact drives the growth of the professional hair care market.
The growth of the global professional hair care market is significantly driven by fluctuation in hair style trends, rapid increase in disposable income, population growth, and rise in air pollution across the world. Moreover, increase in usage of professional hair care products in developed regions and growth in adoption of organic ingredients are expected to create a lot of opportunities for the hair coloring products, and shampoo manufacturers to create a mass customer base. However, the high cost of such premium and professional products, and involvement of hazardous chemicals to soften hair hamper the growth of the global professional hair care market.
The global professional hair care market is segmented on the basis of product type, distribution channel, and region. By product type, the market is classified into hair coloring, shampoo, styling agent, and straightening & perming product. By distribution channel, the professional hair care market is classified into hypermarket/Retail Chain, salon, specialty store, e-commerce, pharmacy, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific professional hair care market size is highly fragmented. Professional hair care products consumption in this region is on the rise, owing to the increase in working women & young urban consumers.
The prominent players operating in the global professional hair care market have strategically focused on product launch as their key strategy to gain a significant share in the market. The key players profiled in the report include L'Oréal Group, Henkel AG & Co., Procter & Gamble Co., Unilever Corporation, Kao Corporation, Aveda Corporation (Estée Lauder), Avon Products Inc., Revlon Inc., Tony & Guy, and Shiseido Company, Limited.
Key benefits for stakeholders
Key Market Segments
By Product Type
By Distribution Channel
By Region
The growth of the global professional hair care market is significantly driven by fluctuation in hair style trends, rapid increase in disposable income, population growth, and rise in air pollution across the world. Moreover, increase in usage of professional hair care products in developed regions and growth in adoption of organic ingredients are expected to create a lot of opportunities for the hair coloring products, and shampoo manufacturers to create a mass customer base. However, the high cost of such premium and professional products, and involvement of hazardous chemicals to soften hair hamper the growth of the global professional hair care market.
The global professional hair care market is segmented on the basis of product type, distribution channel, and region. By product type, the market is classified into hair coloring, shampoo, styling agent, and straightening & perming product. By distribution channel, the professional hair care market is classified into hypermarket/Retail Chain, salon, specialty store, e-commerce, pharmacy, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific professional hair care market size is highly fragmented. Professional hair care products consumption in this region is on the rise, owing to the increase in working women & young urban consumers.
The prominent players operating in the global professional hair care market have strategically focused on product launch as their key strategy to gain a significant share in the market. The key players profiled in the report include L'Oréal Group, Henkel AG & Co., Procter & Gamble Co., Unilever Corporation, Kao Corporation, Aveda Corporation (Estée Lauder), Avon Products Inc., Revlon Inc., Tony & Guy, and Shiseido Company, Limited.
Key benefits for stakeholders
- This report provides an extensive analysis of the current trends and emerging estimations in the market.
- In-depth analysis of the global professional hair care industry is conducted through market estimations of the key segments from 2018 to 2026.
- A comprehensive analysis of the factors that drive and restrain the growth of the professional hair care market is provided in the report.
- Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The key players in the professional hair care industry are profiled along with their strategies to determine the competitive outlook of the market.
Key Market Segments
By Product Type
- Hair Coloring
- Shampoo
- Styling Agent
- Straightening and Perming Product
By Distribution Channel
- Hypermarket
- Salon
- E-commerce
- Pharmacy
- Specialty Store
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- UAE
- Saudi Arabia
- Turkey
- South Africa
- Rest of LAMEA
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Professional Hair Care Market By Product Type
Chapter 5: Professional Hair Care Market By Distribution Channel
Chapter 6: Professional Hair Care Market By Geography
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles
Executive Summary
According to the report titled, 'Professional Hair Care Market by Form and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global professional hair care market size was valued at $18596.9 million in 2018 and is projected to reach $26,242.7 million by 2026, registering a CAGR of 4.6% from 2019 to 2026. The professional hair care products are grooming products that are used to apply on hair to get a desired hairstyle and are also used to handle hair problems including hair fall, frizzy hair, split ends, dandruff, and dry or itchy scalp. The professional hair care products include shampoo, hair wax, hair colorants, straightening & perming products, hair gel, hair conditioner, and others. Application of these professional hair care products nourishes the hair & scalp, and gives an aesthetic hairstyle and look. Moreover, these grooming products including hair straightening & perming products, hair colorants, and styling agents are gaining popularity among young as well as aged consumers. Over the past couple of decades, there has been a rise in the concern over the hair protection, hair fall, hair density, as well as the quality of hair that needs to be maintained from time to time among the customers. This triggers the demand for various professional hair care products such as shampoo, hair color, and others. Increase in celebrity influence, persistent self-consciousness about facial appearance & look are some the key factors boost the demand for professional hair care products including hair color, hair wax, hair straightener, and others. Increase in self-awareness toward following trending fashion among youngsters is expected to drive profits in the professional hair care market. Furthermore, the availability these professional hair care products in the market through different distribution channels that include online stores, salons, and others also boosts the professional hair care market growth.The hair coloring segment in the professional hair care market is anticipated to be the fastest growing segment during the forecast period. This is attributable to the rise in social media including Instagram as well as increase in celebrity influence has contributed toward rise in awareness about fashion trends related to hair color such as gray & pastel color specifically among the young consumers. In addition, golden Ombore hair color, rose blonde hair color, gray & pastel hair color, and nude hair color are some of the best hair color trends at present. Moreover, increase in number of hair salons and spas is also contributing in fueling the growth of the hair coloring segment in terms of value sales.
The E-commerce segment in the professional hair care market is anticipated to be the fastest growing segment during the forecast period. This is due to the easy accessibility, heavy discounts, and offers on cosmetics products including professional hair care. This boosts the adoption of e-commerce in the professional hair care market, and becomes a popular medium for the purchase of professional hair care products. Moreover, easy availability of different types of professional hair care products along with the information about the ingredients used in hair care products such as hair wax, hair color, and others coupled with the tips on how to use these products, time-saving feature, and the facility of home delivery contribute to the growth of online sales.
According to Roshan Deshmukh, Research Manager, Consumer Goods, “The global demand for professional hair care market is expected to an increase due to the rise in concern about hair protection as well as the increase in concern of one’s facial appearance & look among the young as well as aged consumers, which results in the growing demand for professional hair care products among the consumers globally.
The global professional hair care market is segmented on the basis of product type, distribution channel, and region. By product type, the market is classified into hair coloring, shampoos, styling agents, and straightening & perming products. By distribution channel, the market is divided into hypermarkets/retail chains, e-commerce, specialty stores, pharmacies, salons, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings:
By product type, the shampoo segment accounted for the highest market share in 2018, growing at a CAGR of 4.5% from 2019 to 2026.
By distribution channel, the salons segment occupied the maximum share in 2018 and is expected to dominate the market forecast.
By region, North America accounted for about 35.46% in 2018 of the market by share and is expected to grow at a CAGR of 4.3%.
The key players operating in the professional hair care industry are L'Oréal Group, Henkel AG & Co., Procter & Gamble Co., Unilever Corporation, Kao Corporation, Aveda Corporation (Estée Lauder), Avon Products Inc., Revlon Inc., Tony & Guy, and Shiseido Company, Limited.
Companies Mentioned
- L'Oréal SA
- Henkel Corporation
- Procter & Gamble Co.
- Unilever Corporation
- Kao Corporation
- Aveda Corporation (Estée Lauder)
- Avon Products Inc.
- Revlon Inc.
- Toni & Guy
- Shiseido Company Limited.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 244 |
| Published | December 2019 |
| Forecast Period | 2017 - 2026 |
| Estimated Market Value ( USD | $ 18072.9 million |
| Forecasted Market Value ( USD | $ 26242.7 million |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
