The Hair Preparations by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Hair Preparations, The hair preparations market size has grown strongly in recent years. It will grow from $137.5 billion in 2023 to $149.73 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to large marketing campaigns for hair care products, increasing government initiatives, increased disposable income, and increasing hair related problems.
The hair preparations market size is expected to see strong growth in the next few years. It will grow to $210 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to increasing number of spa and salon services, rising beauty concerns, and growing aging population base. Major trends in the forecast period include launching vegan hair preparations, focus on undergoing partnerships, launching silicone and sulphate-free products, and introducing products with sustainable packaging to improve their product offerings and to stay competitive in the market.
The rising level of air pollution is expected to drive the demand for hair preparations. For instance, according to the air pollution data 2022 by IQ Air, a Swiss air quality technology company, the top 10 countries with the worst air pollution in 2022 included Chad, Iraq, Pakistan, Bahrain, Bangladesh, Burkina Faso, Kuwait, India, Egypt, Tajikistan. In addition, according to a blog article by Kent, an Indian healthcare products and home appliances company, by 2030, if air pollution is not controlled, the air quality will worsen to a level where there will be a need for oxygen kits to breathe easily. Therefore, the rising level of air pollution is expected to increase the demand for hair care products in the forecast period.
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The hair preparations market covered in this report is segmented –
1) By Type: Hair Spray, Conditioner, Shampoo, Hair Oil, Hair Color, Other Types
2) By Gender: Male, Female, Unisex
3) By Based On Type: Organic, Chemical
4) By Distribution Channel: Hypermarkets/Supermarkets, Specialty Stores, Online Stores, Convenience Stores, Other Distribution Channels
Consumers are increasingly preferring natural ingredient products in the hair preparation market. According to the survey conducted by Kari Gran, 75% of millennial women prefer buying natural products. Haircare product manufacturing companies are focusing on the development of natural-ingredient products due to rising concerns of allergic reactions and hair and scalp problems caused by using synthetic ingredients.
The hair preparations market report table of contents includes:
1. Executive Summary
2.Hair Preparations Market Characteristics
3.Hair Preparations Market Trends And Strategies
4.Hair Preparations Market analysis
5.Hair Preparations Market Size And Growth
6.Hair Preparations Segmentation
7.Hair Preparations Regional And Country Analysis
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27.Hair Preparations Competitive Landscape And Company Profiles
28. Hair Preparations Key Mergers And Acquisitions
29. Hair Preparations Future Outlook and Potential Analysis
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