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Home » Global hair care market size expected to reach $124.5 billion
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Global hair care market size expected to reach $124.5 billion

TheGlowH_AdminBy TheGlowH_AdminOctober 16, 2024No Comments5 Mins Read
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Increasing prevalence of various hair problems, growing concern among individuals about the negative effects of pollution, and rising demand for anti-dandruff shampoos using natural ingredients are among the key factors driving the growth of the hair care market. This is the department.
Attributes and key statistics of the Hair Care Market report by IMARC Group:

Base year: 2023

Forecast years: 2024-2032

Historic year: 2018-2023

Unit: billion US dollars

Market size in 2023: $86.9 billion

2032 market forecast: $124.5 billion

Market compound annual growth rate from 2024 to 2032: 4%

In the latest market research report published by IMARC Group, “Hair Care Market Report by Product Type (Shampoo, Hair Color, Conditioner, Hair Styling Products, etc.) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Convenience Stores)” This report features insights on the global hair care market and provides an in-depth analysis of the industry. This includes competitive and regional analysis, as well as recent developments in the market.

Global hair care market size and future growth potential:

The global hair care market size is valued at USD 86.9 billion in 2023 (https://www.imarcgroup.com/hair-care-market). By 2032, this figure is expected to reach approximately USD 124.5 billion, with a compound annual growth rate (CAGR) of 4% over the forecast period (2024-2032).

Core factors driving market trends:

Increasing consumer awareness of grooming and hygiene is driving the global market. The growing demand for organic and natural hair care products reflects a growing trend among consumers towards sustainable and environmentally friendly options. Additionally, expanding middle class population and rising disposable income are driving the market growth. The influence of social media and celebrity endorsements has a significant impact on consumer purchasing decisions.

Additionally, technological advances in product formulation and packaging improve product appeal and effectiveness. The premiumization trend, where consumers are willing to pay more for higher quality products, is another important driver. Additionally, the growth of e-commerce platforms has given consumers easy access to a wide range of products. Additionally, the increasing incidence of hair-related problems such as hair loss and dandruff has increased the demand for specialized hair care solutions.

Request Free Sample Report: https://www.imarcgroup.com/hair-care-market/requestsample

Global market scope and growth analysis:

The diversification of product offerings has expanded the scope of the global market, catering to specific hair types and concerns, and significantly increasing market potential. Multifunctional products that combine the benefits of multiple hair care solutions are becoming increasingly popular, appealing to busy consumers looking for convenience. The expansion of men’s grooming products to meet the growing demands of male consumers has added a new dimension to the market. Regional markets, particularly in emerging economies, present untapped growth opportunities driven by increasing urbanization and changing lifestyles. The incorporation of advanced technologies such as AI and machine learning into personalized hair care recommendations represents an innovative trajectory for the market.

Additionally, strategic alliances and acquisitions among key industry players will expand the market reach and product portfolio. Additionally, there is a focus on sustainable and ethical practices, such as no animal testing or biodegradable products, and we are responsive to changing consumer preferences. According to recent market analysis, these factors have collectively expanded the market scope and indicated a promising growth trajectory for the hair care industry.

In-depth analysis of prominent hair care companies in the industry by IMARC Group:

*Kao Group
* L’Oreal USA, Inc.
* Procter & Gamble (P&G) Company
* Unilever PLC
*Johnson & Johnson Co., Ltd.

Comprehensive market report highlights and segmentation analysis:

Segmentation by product type:

* Shampoo
* Hair color
*conditioner
*Hair styling products
※others

According to the report, shampoo accounted for the largest segment.

Segmentation by distribution channel:

* Supermarkets and hypermarkets
* Specialty store
*Convenience store
* Online retailer
※others

According to the report, supermarkets and hypermarkets accounted for the largest market share.

Segmentation by region:

*North America (USA, Canada)
*Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, others)
*Europe (Germany, France, UK, Italy, Spain, others)
*Central and South America (Brazil, Mexico, others)
*Middle East/Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)

According to the report, North America region is recognized to have the largest market share.

Key highlights of the report:

* Past market performance
* Future market forecast
* Impact of the new coronavirus infection on market trends
* Industry competitive analysis (Porter’s Five Forces)
* Market dynamics and growth drivers
* SWOT analysis (strengths, weaknesses, opportunities, threats)
*Market ecosystem and value creation framework
* Competitive positioning and benchmarking strategy

For brochure requests, customization, or pre-purchase inquiries, please contact our analysts: https://www.imarcgroup.com/request?type=report&id=898&flag=C

Main benefits of the report:

* This report provides market leaders and new entrants with accurate revenue forecasts for the entire global market and its major sub-segments.

* Stakeholders can leverage this report to better understand the competitive landscape, strategically position their businesses, and develop effective go-to-market strategies.

*This report offers a comprehensive analysis of key drivers, restraints, challenges, and opportunities, providing valuable insights on market dynamics to stakeholders.

Why choose IMARC Group:

* Extensive industry expertise
* Robust research methodology
* Insightful data-driven analysis
* Accurate prediction function
*Established track record of success
* Global expansion with extensive network
*Customized solutions to meet client needs
*Strong customer relationships and focus
* Timely project implementation
*Cost-effective service options

Note: If you require specific information not included in the current report, we offer customization options to meet your needs.

Our best-selling market research reports:

Global Aquafeed Market Size, Industry Share, Report 2032 (https://www.imarcgroup.com/aquafeed-market)

Specialty Food Ingredients Market Size, Share, Report 2032 (https://www.imarcgroup.com/specialty-food-ingredients-market)

Overview of the global abrasives market, industry size, and forecast to 2032 (https://www.imarcgroup.com/abrasives-market)

Rubber market size, share, industry trends, 2032 forecast (https://www.imarcgroup.com/rubber-market)

Data Center Power Market Trends, Growth Analysis, Report 2032 (https://www.imarcgroup.com/data-center-power-market)

About us

IMARC Group is a leading market research firm providing business strategy and market research worldwide. We partner with clients across all sectors and geographies to identify their highest-value opportunities, address their most important challenges, and transform their businesses.

IMARC’s information products include key market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology, new processing methods and more are the pinnacle of the company’s expertise.

media contact
Company name: IMARC Group
Contact details: Elena Anderson
Email: Send Email (https://www.abnewswire.com/email_contact_us.php?pr=global-hair-care-market-size-expected-to-hit-usd-1245-billion-during-forecast- 20242032-cagr) -/4)
Phone: +1-631-791-1145
Address: 134 N 4th St.
City: Brooklyn
State: New York
Country: USA
Website: https://www.imarcgroup.com

This release was published on openPR.



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