Hair Care Market Share, Size, Trends, Growth Opportunities, and Forecast 2023-2028

ByRavinder Ahlawat
Hair Care Market Overview

According to the latest report by IMARC Group, titled “Hair Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, provides an extensive analysis of the industry, including hair care market growth, size, share, trends, and business opportunities. The report also covers competitor and regional analysis and the latest advancements in the global market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global hair care market size reached US$ 82.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 107.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.

Hair Care Market Overview:

Hair care encompasses a range of practices and products to maintain hair’s health and appearance. It includes cleansing with shampoos, conditioning, and treatments to address specific concerns like dandruff or damage. Hair care products typically contain natural or synthetic ingredients, including vitamins, oils, and proteins, tailored to nourish and protect hair. The benefits of proper hair care are manifold, from enhancing hair strength, shine, and texture to preventing breakage and split ends. Moreover, it contributes to scalp health, reducing issues like dryness or excessive oiliness. Effective hair care fosters confidence and well-being by promoting lustrous, manageable, and beautiful hair.

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Hair Care Market Demand and Growth:

The global market is majorly driven by the increasing awareness of the importance of hair health and grooming. In line with this, the diverse customer base with varying hair types and concerns drives the need for specialized hair care solutions. Furthermore, urban lifestyles often come with environmental stressors, encouraging the use of protective and nourishing hair care products. Apart from this, the rising product innovation, including natural and organic formulations, attracts consumers seeking effective and sustainable options. Moreover, the convenience of online shopping expands access to a wider range of hair care brands and products. Besides, the changing hair color trends and styling preferences demand specialized color protection and styling products. Hair care is integrated into broader health and wellness routines, influencing product choices. Additionally, the rise of self-care culture emphasizes the importance of grooming and self-expression through hair, strengthening the market. The men’s grooming market is growing, with men increasingly using hair care products tailored to their needs. This, in turn, is favorably impacting the market.

Key Market Segmentation:

Competitive Landscape with Key Players:

  • KAO Group
  • L’Oréal USA, Inc.
  • The Procter & Gamble (P&G) Company
  • Unilever PLC
  • Johnson & Johnson, Inc.

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Online Retailers
  • Others

Breakup by Product Type:

  • Shampoo
  • Hair Color
  • Conditioner
  • Hair Styling Products
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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