Overview and Scope
The luxury hair care refers to high-end hair care products that are sold at a premium price to the consumer. Luxury hair care products contain highly concentrated ingredients compared to regular or generic brands. Luxury hair care products are used by individuals for the overall health of the hair.
Sizing and Forecast
The luxury hair care products market size has grown strongly in recent years. It will grow from $22.47 billion in 2023 to $24.34 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to consumer awareness, income levels, celebrity endorsements, distribution channels.
The luxury hair care products market size is expected to see strong growth in the next few years. It will grow to $32.91 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rising beauty consciousness, global market expansion, eco-friendly trends. Major trends in the forecast period include customization and personalization, innovation, tech integration, health-driven products, clean beauty.
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Segmentation & Regional Insights
The luxury hair care products market covered in this report is segmented –
1) By Product Type: Shampoos, Conditioners, Hair Coloring Products, Hair Styling Products, Hair Oil, Other Product Types
2) By Distribution Channel: Supermarkets and Hypermarkets, Departmental Stores, Specialty Stores, E-commerce, Other Distribution Channels
Asia-Pacific was the largest region in the luxury hair care market in 2023. The regions covered in the luxury hair care products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing penetration of e-commerce platforms is expected to propel the growth of the luxury hair care market going forward. The E-commerce retail market refers to buying of goods using the internet, and the transfer of money and data to execute these transactions. The E-commerce retail market helps the luxury hair care market with easy transactions, selling items and services directly to clients, and delivering products to the home. For instance, in September 2022, according to the International Trade Administration, a US-based Department of Commerce, Consumer e-commerce now makes up 30% of the UK’s overall retail sector (up from 20% in 2020), with an annual e-commerce revenue of more than $120 billion. In 2021, 82% of people in the UK will have made at least one online purchase. Therefore, the growing penetration of e-commerce platforms is expected to boost demand for luxury hair care during the forecast period.
Key Industry Players
Major companies operating in the luxury hair care products market report are L’Oreal S. A., The Estee Lauder Companies inc., Seven LLC, Alcora Corporation, Kao Corporation, KOSÉ Corporation, Shiseido Company Limited, Johnson & Johnson Inc., Unilever plc, Jose Eber Hair, Oribe Hair Care LLC, Rahua (Amazon Beauty Inc. ), Aesop, The Procter & Gamble Company, CFEB Sisley, Olaplex Inc., Philip B. Botanicals, Estee Lauder Inc., Shiseido Company Limited, Aveda corporation, Bumble and bumble Products LLC, Christophe Robin, Leonor Greyl, Sachajuan Haircare, Amika, Ouai Haircare, John Paul Mitchell Systems, Revlon Consumer Products Corporation, Schwarzkopf Professional, Wella AG
The luxury hair care products market report table of contents includes:
1. Executive Summary
2. Luxury Hair Care Products Market Characteristics
3. Luxury Hair Care Products Market Trends And Strategies
4. Luxury Hair Care Products Market – Macro Economic Scenario
5. Global Luxury Hair Care Products Market Size and Growth
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31. Global Luxury Hair Care Products Market Competitive Benchmarking
32. Global Luxury Hair Care Products Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Luxury Hair Care Products Market
34. Luxury Hair Care Products Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
L’Oreal S. A
The Estee Lauder Companies inc
Seven LLC
Alcora Corporation
Kao Corporation
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