The Luxury Hair Care Products 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 Luxury Hair Care Products, 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.
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.
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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
Product innovation is a key trend gaining popularity in the luxury hair care market. Many companies operating in the luxury hair care sector are looking for new product innovations to strengthen their position in the luxury hair care market. For instance, in May 2022, Medimix, an India-based manufacturer of cosmetic products including skin care and hair care, launched organic total care shampoo in its hair care portfolio. Medimix’s total care shampoo consists of wheat protein and other nine natural herbs such as tea tree oil, rosemary oil, neem, wild ginger, and others in a unique formula, which will help in minimizing hair loss, act as anti-dandruff, and conditioning hair.
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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26. South America Luxury Hair Care Products Market
27. Brazil Luxury Hair Care Products Market
28. Middle East Luxury Hair Care Products Market
29. Africa Luxury Hair Care Products Market
30. Luxury Hair Care Products Market Competitive Landscape And Company Profiles
Top Major Players:
- L’Oreal S. A
- The Estee Lauder Companies inc
- Seven LLC
- Alcora Corporation
- Kao Corporation
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