Global Professional Hair Care Products Market – Overview
Global professional hair care products market was valued at approximately USD 16.7 billion IN 2022. The market is expected to grow at a CAGR of 5.5% from 2023 to 2033, and it is projected to reach a value of USD 28.18 billion by 2033. The market witnessed growth at a decent rate even during the previous forecast period of 2018 to 2021. Hair care is an overall term for hygiene and cosmetology involving the hair which grows from the human scalp, and to a lesser extent facial, pubic and other body hair. Hair care routines differ according to an individual's culture and the physical characteristics of one's hair. And following this through the help of a hair expert and with the help hair friendly cosmetics is known as professional hair care.
Report Scope
Report Attributes | Description |
Market Size in 2022 (Value) | USD 16,700 million |
Market Forecast in 2033 (Value) | USD 28,180 million |
CAGR % 2023-2033 | 5.5% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Product type and application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Henkel AG & Co, KGaA, Shanghai Schobrunn Fine Chemicals Co Ltd, Redken, MATRIX, L'Oréal Group, Avon Products, Inc., Shiseido Co., Ltd., Sea Venus Meticulous Chemical Co Ltd, John Paul Mitchell Systems and Procter & Gamble Co. |
Hair plays a major role in enhancing the style statement of both men and women and this urge to look good is the major factor that is estimated to boost the growth of the market during the forecast period. Apart from this the growing disposable income of the people is also helping them focus on taking care of their hair and looks and this factor is also drawing the growth of the market during the forecast period. Along with this, the influence that is been integrated by the celebrities to use the hair care products in order to look good is also helping to foster the growth of the market during the forecast period. In addition to this, the decreased prices of these hair products is also playing an influential role in opting for these products by the people of all segments and this factor is driving the growth of the market at an effective rate during the forecast period.
Global Professional Hair Care Products Market – Market Trends
• Hair plays a major role in enhancing the style statement of both men and women and this urge to look good is the major factor that is estimated to boost the growth of the market during the forecast period.
• Apart from this the growing disposable income of the people is also helping them focus on taking care of their hair and looks and this factor is also drawing the growth of the market during the forecast period.
• Along with this, the influence that is been integrated by the celebrities to use the hair care products in order to look good is also helping to foster the growth of the market during the forecast period.
Global Professional Hair Care Products Market – Segmentation
The global professional hair care products market is segmented based on product type and applications. Some of the latest trends in professional hair care products in the salon industry.
Sustainability: The trend towards sustainability and eco-friendliness is also reflected in the professional hair care products used in salons. Salons are increasingly choosing to use products that are made from natural and organic ingredients, free from harsh chemicals and synthetic fragrances. In addition, many salons are now using eco-friendly packaging and reducing waste by using refillable containers.
Technology: Technology is also playing an important role in the professional hair care products used in salons. Many salons are using advanced technologies such as 3D printing, virtual reality, and augmented reality to create customized products for their clients. For example, some salons use 3D printing technology to create customized hair extensions that perfectly match a client's natural hair color and texture.
Personalization: Personalization is another key trend in the professional hair care products used in salons. Salons are increasingly using data and analytics to create customized hair care regimes for their clients. This can involve using software to analyze a client's hair type, texture, and color to recommend the best products and treatments for their individual needs.
Multi-functional products: Multi-functional hair care products are becoming increasingly popular in salons. These products combine several benefits, such as color protection, smoothing, and conditioning, in one product. This not only saves time but also reduces the number of products needed, which can be more cost-effective for both the salon and the client.
Global Professional Hair Care Products Market – Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market. Some of the latest trends in professional hair care products in the UK market.
Natural and organic ingredients: Similar to other regions, there is a growing demand for natural and organic ingredients in professional hair care products in the UK. Consumers are increasingly looking for products that are free from harsh chemicals and synthetic fragrances, and that are sustainably sourced and ethically produced.
Sustainable packaging: Along with the trend towards natural and organic ingredients, there is also an increasing focus on sustainable packaging. Salons and consumers are looking for products that use eco-friendly packaging, such as biodegradable or reusable containers.
Scalp care: There is a growing focus on scalp health and hair growth in the UK market. This has led to an increase in products that target scalp care, such as shampoos and treatments that nourish and soothe the scalp.
Anti-pollution products: With the increase in air pollution in cities, there is also a growing demand for anti-pollution hair care products in the UK market. These products are designed to protect the hair from environmental pollutants, such as smog and dust.
Vegan and cruelty-free products: There is a rising demand for vegan and cruelty-free hair care products in the UK. Many consumers are looking for products that are not tested on animals and that do not contain any animal-derived ingredients.
Global Professional Hair Care Products Market – Key Market Players Strategies
L'Oréal: One of the largest players in the professional hair care products market, L'Oréal has a strong focus on innovation and research and development. The company has invested in advanced technologies, such as 3D printing, to create personalized hair care products for their clients. They also have a focus on sustainability, with a goal to make all their products sustainable by 2030.
Procter & Gamble: Another major player in the market, Procter & Gamble has a focus on developing new product lines that meet the evolving needs of their consumers. They have recently launched a range of natural hair care products under their brand Herbal Essences, which has been well-received in the market. They also have a focus on sustainability, with a goal to use 100% renewable electricity in their manufacturing sites by 2030.
Unilever: Unilever has a strong focus on sustainability, with a goal to become a carbon-neutral company by 2039. The company has invested in innovative packaging solutions, such as refillable containers, to reduce waste. They have also launched several natural and organic hair care product lines under their brands, such as Love Beauty and Planet and TRESemmé Botanic.
Henkel: Henkel has a focus on developing products that meet the diverse needs of their customers. They have a wide range of professional hair care product lines, such as Schwarzkopf, which caters to different hair types and concerns. They also have a focus on sustainability, with a goal to reduce their carbon footprint by 65% by 2025.
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
§ Business Model
§ Production Capacity, Revenue, Sales, Gross Margin
§ Key Business Strategy
§ SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
§ Company Share Analysis from 2018-2022
§ Company Analysis by Revenue and Sales
§ Company Production Capacity, Gross Margin
§ Company Share Analysis by Application/End Use
§ Company Share Analysis by Product/Specification
Based on the product type, the market is segmented into
• Services
• Products
• Equipment
Based on applications type, the market is segmented into
• Beauty Salon
• Barbershop
• Personal Studio
• Others
Companies
Henkel AG & Co,
Shanghai Schobrunn Fine Chemicals Co Ltd,
Redken,
MATRIX,
L'Oréal Group,
Avon Products, Inc.,
Shiseido Co., Ltd.,
Sea Venus Meticulous Chemical Co Ltd,
John Paul Mitchell Systems
Procter & Gamble Co
By Region
· North America
o U.S.
o Canada
o Mexico
· Europe
o Germany
o France
o UK
o Italy
o Spain
o Russia
o Rest of Europe
· Asia Pacific
o China
o Japan
o India
o Australia
o South Korea
o ASEAN
o Rest of APAC
· South America
o Brazil
o Argentina
o Chile
o Rest of South America
· Middle East and Africa
o Saudi Arabia
o UAE
o South Africa
o Rest of MEA
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