Published by Coherent Market Insights
Posted on September 27, 2021
Hair care products help nourish and protect hair, further enhancing its quality and texture. It provides treatment for split ends, dandruff, and weak and dehydrated hair among various other hair problems. Increasing hair problems among consumers is growth of the global hair care products market. Increasing number of manufacturers are launching new products to reduce hair problems. For instance, in January 2017, Unilever plc launched Dove DermaCare Scalp Anti-dandruff Shampoo. Furthermore, rampant advancements in technology is propelling growth of the global hair care products market. For instance, Henkel Corporation launched Schwarzkopf Professional SalonLab, a digital system for customizing and quantifying hair care experience, in January 2018. Growing urbanization coupled with increasing beauty consciousness among men is increasing the demand for grooming products such as hair gels among the male population. This in turn is fuelling growth of the hair care products market.
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According to Coherent Market Insights, men’s grooming products market was valued at US$ 54.7 billion in 2016 and is expected to exhibit a CAGR of 8.91% during the forecast period (2017 – 2025). Stringent government regulations on cosmetic products such as Regulation (EC) No 1223/2009, which provides guidelines for manufacturing, labelling and others of various cosmetic products including shampoo is restraining growth of the global hair care products market. JR Beauty Organic Permanent Powder Hair Color, contained sodium perborate, which could cause eye damage, respiratory irritation, and harm fertility. The hair color was thus, recalled from the market in European by the European Commission’s Rapid Alert System, RAPEX.
Asia Pacific accounted for highest market share of 43.45% in 2016 and is expected to sustain its dominance throughout the forecast period. Major manufactures are launching new products in this region to meet the rising demand for hair care products. For instance, in June 2016, L’Oréal S.A. announced the launch of a range of new hair care products including shampoo, conditioner and oil in India with natural ingredients.
Manufacturers operating in the global hair care products market are adopting various strategies such as merger and acquisitions, collaborations, and new product launches to strengthen their foothold in the global market. For instance, in November 2017, Unilever plc announced its plans to acquired Sundial Brands LLC. In January 2018, L’Oreal S.A. introduced Elvive brand, a hair care line designed to help revive hair damage.
Key players operating in the global hair care products market include Unilever plc, Procter Gamble Co., L’Oreal S.A., Avon Products Inc., Revlon Inc., Aveda Corporation, Amka Products (Pty) Ltd., Johnson & Johnson Pvt. Ltd., Combe Incorporated, and Henkel Corporation.
Hair care may involve cleaning, repairing, coloring or styling of hair. Demand for hair care products is increasing due to growing hair and scalp problem such as dandruff and hair loss. Growing e-commerce industry is also fuelling growth of the global hair care products market. According to the U.S. Census Bureau, total e-commerce sale of health aids and beauty aids, which includes cosmetics, personal care products, and healthcare items accounted for US$ 19,112 million in 2014, which increased to US$ 21,469 million in 2015, in the U.S. Synthetic ingredients such as methyl paraben and ethyl paraben among others in hair care products are associated with side effects such as allergic reactions. This in turn, poses as a major restraint to growth of the global hair care products market.
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Market Dynamics
Among product type, the shampoo segment holds a dominant position in the global hair care products market, owing to its easy-to-use and easy-to-rinse nature, offering minimum hair damage, good fragrance, and hair damage repair. Among regions, Asia Pacific held the largest market share of 43.45% in 2016, followed by Europe and North America. The growing demand for hair care products in Asia Pacific is attributed to lucrative demand for premium hair care products. According to the U.S. Department of Commerce, per capita spending on cosmetics was highest in Japan, followed by South Korea, the U.S., and France. Per capita spending on cosmetics in Japan, South Korea, and U.S. in 2014 accounted for US$ 174, US$ 171, and US$ 139, respectively.
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The post Hair Care Products Market Set To Register Robust Revenue During In Near Future appeared first on Gatorledger.
Hair care products help nourish and protect hair, further enhancing its quality and texture. It provides treatment for split ends, dandruff, and weak and dehydrated hair among various other hair problems. Increasing hair problems among consumers is growth of the global hair care products market. Increasing number of manufacturers are launching new products to reduce hair problems. For instance, in January 2017, Unilever plc launched Dove DermaCare Scalp Anti-dandruff Shampoo. Furthermore, rampant advancements in technology is propelling growth of the global hair care products market. For instance, Henkel Corporation launched Schwarzkopf Professional SalonLab, a digital system for customizing and quantifying hair care experience, in January 2018. Growing urbanization coupled with increasing beauty consciousness among men is increasing the demand for grooming products such as hair gels among the male population. This in turn is fuelling growth of the hair care products market.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/1396
According to Coherent Market Insights, men’s grooming products market was valued at US$ 54.7 billion in 2016 and is expected to exhibit a CAGR of 8.91% during the forecast period (2017 – 2025). Stringent government regulations on cosmetic products such as Regulation (EC) No 1223/2009, which provides guidelines for manufacturing, labelling and others of various cosmetic products including shampoo is restraining growth of the global hair care products market. JR Beauty Organic Permanent Powder Hair Color, contained sodium perborate, which could cause eye damage, respiratory irritation, and harm fertility. The hair color was thus, recalled from the market in European by the European Commission’s Rapid Alert System, RAPEX.
Asia Pacific accounted for highest market share of 43.45% in 2016 and is expected to sustain its dominance throughout the forecast period. Major manufactures are launching new products in this region to meet the rising demand for hair care products. For instance, in June 2016, L’Oréal S.A. announced the launch of a range of new hair care products including shampoo, conditioner and oil in India with natural ingredients.
Manufacturers operating in the global hair care products market are adopting various strategies such as merger and acquisitions, collaborations, and new product launches to strengthen their foothold in the global market. For instance, in November 2017, Unilever plc announced its plans to acquired Sundial Brands LLC. In January 2018, L’Oreal S.A. introduced Elvive brand, a hair care line designed to help revive hair damage.
Key players operating in the global hair care products market include Unilever plc, Procter Gamble Co., L’Oreal S.A., Avon Products Inc., Revlon Inc., Aveda Corporation, Amka Products (Pty) Ltd., Johnson & Johnson Pvt. Ltd., Combe Incorporated, and Henkel Corporation.
Hair care may involve cleaning, repairing, coloring or styling of hair. Demand for hair care products is increasing due to growing hair and scalp problem such as dandruff and hair loss. Growing e-commerce industry is also fuelling growth of the global hair care products market. According to the U.S. Census Bureau, total e-commerce sale of health aids and beauty aids, which includes cosmetics, personal care products, and healthcare items accounted for US$ 19,112 million in 2014, which increased to US$ 21,469 million in 2015, in the U.S. Synthetic ingredients such as methyl paraben and ethyl paraben among others in hair care products are associated with side effects such as allergic reactions. This in turn, poses as a major restraint to growth of the global hair care products market.
Hurry Up…and Get a 2000$ Discount On a Price…!!! https://www.coherentmarketinsights.com/insight/request-discount/1396
Market Dynamics
Among product type, the shampoo segment holds a dominant position in the global hair care products market, owing to its easy-to-use and easy-to-rinse nature, offering minimum hair damage, good fragrance, and hair damage repair. Among regions, Asia Pacific held the largest market share of 43.45% in 2016, followed by Europe and North America. The growing demand for hair care products in Asia Pacific is attributed to lucrative demand for premium hair care products. According to the U.S. Department of Commerce, per capita spending on cosmetics was highest in Japan, followed by South Korea, the U.S., and France. Per capita spending on cosmetics in Japan, South Korea, and U.S. in 2014 accounted for US$ 174, US$ 171, and US$ 139, respectively.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Hair Care Products Market Set To Register Robust Revenue During In Near Future appeared first on Gatorledger.
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