Hair care is about treatment and prevention of hair problems.
A new report on the Global Hair Care Market, published by Market
Research Future (MRFR), sums up that this market could win gains at 3.40%
CAGR between 2018 and 2023.
The foremost market driving factor for the global hair care
market growth is the availability of a wide spectrum of products, increasing
cosmetic expenditures, and the rising prevalence of hair related diseases. The
major market players are continuously endeavoring to pursue innovations and
product development to attract a larger customer base. Other factors that can
boost market growth include pollution causing hair damage, demand for hair care
remedies, and inclination of consumers towards natural hair care remedies.
However, the increased susceptibility to ailments like asthma and cancer by the
use of hair care products can restrict market growth. The formulation of many
hair care products is inclusive of various chemicals such as diethanolamine,
peroxide, sodium lauryl sulfate, and others. These ingredients can cause
diseases. Hence, the demand for Ayurvedic hair treatment is increasing. The
Ayurvedic hair oil and Ayurvedic shampoos can expand market growth.
Market Segmentation
The global hair care market segmentation encompasses
application, distribution channel, end-user, gender, and product. MRFR’s take
on the market explores various facets of the market in-depth.
The application-based segmentation of this market covers hair
treatment and scalp treatment. Based on the distribution channel, the market
has been segmented into e-commerce, hypermarkets, and pharmacies.
In the context of end-user, the market has been segmented into
home care and salons. Regarding gender, the market has been segmented into male
and female. As per the product-based segmentation, the market covers
conditioners, hair colorant, hair oil, hair styling, and shampoo.
Regional Segmentation
A geographical outlining of the global hair care market covers
Europe, Asia Pacific, The Americas (North America & South America), and the
Middle East & Africa (MEA).
With 34.5% share of the global market, Europe is the largest
regional market due to the presence of developed economies like Italy and the
UK. France and Germany are two other strong economies in this region. Growing
cosmetic industries in Europe are also boosting the market growth. Due to technological
advancement, Western Europe is a bigger market compared to Eastern Europe.
Key Players
Big players in the global hair care market include Amway,
Groupe OLVEA (France), Henkel Corporations (Schwarzkopf Professional)
(Germany), Johnson & Johnson Services Inc. (USA), Kao Corporation (Japan),
L'Oréal (France), Oriflame Cosmetics AG (Switzerland), Procter & Gamble Co.
(USA), Revlon Inc. (USA), Shandong Baisheng Biotechnology Co. Ltd. (China),
Shiseido Company Limited (Japan), and Unilever (UK).
Complete Report Details @ https://www.marketresearchfuture.com/reports/hair-care-products-market-8406
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