COPYRIGHT © DIGITAL JOURNAL INC. Sitemaps: XML / News. Digital Journal is not responsible for the content of external sites. Read more about our external linking
The professional hair care products market is set to flourish its space in the market with a CAGR of 4.4% between 2023 and 2033. The market holds a value of US$ 23.06 Billion in 2023, while it is anticipated to reach a valuation of US$ 35.47 Billion.
Beauty and personal care industry includes skin care, hair care, oral care, cosmetics, toiletries, and others. Of all the aforementioned segments, demand for hair care products has restored from 2013.
Consumers are becoming sophisticated in nature which has led to change in buying patterns for personal care products. Thishas led to introduction of customized products sustaining the assorted need of the consumers based on different cultures, hair types, and regions.
Also, rising concerns for hair protection, demand for professional hair care products is expected to increase in the next five to six years. Professional hair care products are predicted to record a growth of around 5% to 6% annually in the near future.
Get Sample of the Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-207
Factors such ashair stylist recommendations, efficacy of the products, and increasing penetration of hair care services are expected to bolster the professional hair care products market growth in near future.
The professional hair care market is expected to witness growth due to factors such as increased consumer spending on personal care products, growing disposable income of consumers in emerging nations, and increasing penetration of hair salon services across the globe.
In addition, changing hair grooming pattern especially among the male consumers is expected to fuel the market growth. However, high pricing coupled with less availability of professional hair care products across the designed distribution channels are restricting the market growth.
Although, the professional hair care products market has attained a maturity level in developed countries, introduction of highly specialized products in shampoo and hair colorant category is anticipated to enhance the market growth. Also, in developing countries introduction of products addressing issues of consumers related to grey hair, dandruff and hair loss are expected to fuel the market growth.
For instance, in India inclination of consumers towards enhanced hair appearance is a key trend leading to a shift in consumers from conventional products to professional hair care products. Furthermore, increasing product visibility across multi retail outlets aids the market growth during 2015-2020.
The professional hair care products market is segmented on the basis of product type, and distribution channels. The various professional hair care products are broadly classified as conditioners, shampoos, hair colorants, hair serums, hair masks, hair sprays, and others.
Among abovementioned products, the hair colorants category is expected to witness a growth of around 8% to 9% as compared to the other products. The various distribution channels through which the professional hair care products are marketed include spa and salons, web or online shopping stores, supermarkets and hypermarkets, speciality stores, and others.
North America is expected to dominate the market during the forecast period, accounting for more than 30% of the market share by 2020. However, Asia pacific is expected to record highest CAGR as compared to other regions. Changing consumer buying patterns supported by increasing disposable income and spending on personal care products in countries such as India and China is driving the growth of professional hair care products in this region. Furthermore, growth of organizedretail industry is expected to enhance the demand for professional hair care products in MEA.
Request Customization of the report @
https://www.futuremarketinsights.com/customization-available/rep-gb-207
Some of the major international players in this market include L’oreal Group, Kao Group, Henkel AG & Co., Aveda Corporation, Procter & Gamble Co., Unilever Group, and PBI Group Inc., among the others. As a strategic move to enhance the product visibility, these companies are focused on increasing product penetration through online retailing, and creating awareness for hair care products through advertisements.
In addition, high promotional activities such as increasing television commercials, value added packages in the hair care products range, and other offers has led to increased purchase of hair care products across the globe.
This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product type and distribution channels.
The report covers exhaustive analysis on
Regional analysis includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
For any Queries Linked with the Report, Ask an Analyst@
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-207
Explore FMI’s Extensive ongoing Coverage on Consumer Product Domain
Home Audio Equipment Market Size: The global home audio equipment market is anticipated at US$ 25 Billion in 2021
Alternative Accommodation Market Share: The global alternative accommodation market is likely to hold a value of US$ 626.5 Billion
Docking Station Market Sales: The global docking station market is projected to expand steadily at a CAGR 6.4% value, during the forecast period 2022-2032.
Disposable E-Cigarettes Market Trends: The global disposable e-cigarettes market size is expected to be valued at US$ 6.34 Billion in 2022
Pet Treats and Chews Market Growth: The pet treats and chews market is estimated to reach US$ 8.2 Billion in 2022 and is projected to reach US$ 13.7 Billion by 2032, at a CAGR of 5.2% from 2022 to 2032
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs
The post Professional Hair Care Products Market holds a forecasted revenue of US$ 23.06 Billion in 2022 & is likely to cross US$ 35.47 Billion by the end of 2033 at a CAGR of 4.4% | Report by FMI appeared first on Future Market Insights.