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| Professional Hair Care Market |
The global Professional Hair Care Market is estimated to be valued at US$ 22.53 Bn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Professional hair care products are essential for hair styling and hair
treatments. They include shampoos, conditioners, hair sprays, hair styling
gels, serums and other hair coloring products. These products provide
nourishment, shine and texture to hair keeping them healthy and damaged free.
Market key trends:
One of the key trends in the professional hair care market is the increasing
demand for natural and organic products. Due to rising health concerns,
consumers are looking for hair care products containing natural ingredients and
less chemical content. Manufacturers are increasingly focusing on organic and
natural ingredients such as herb and plant extracts and vitamins in their
formulations. Another trend is the multifunctional professional hair care
products enabling styling and treatment in one product. For instance,
conditioner serums provide hydration as well as detangling, shiny and frizz
control benefits.
Segment Analysis
The professional hair care market is segmented based on product type,
distribution channel, and gender. Based on product type, the shampoo segment
dominates the market accounting for over 30% share. Shampoo is considered a
basic necessity while visiting salons and is used by majority of customers. The
conditioners segment is the second largest segment and is expected to witness
steady growth over the forecast period.
Key Takeaways
The global Professional
Hair Care Market Growth is expected to witness high growth, exhibiting CAGR of 5.3% over the forecast period,
due to increasing consumer awareness about hair care and rising disposable
income.
Regional analysis: North America dominates the global market accounting for
over 35% share, followed by Europe and Asia Pacific. The North American region
is expected to continue its dominance during the forecast period owing to high
consumer spending on hair care products and shift towards premium professional
hair care products in the US and Canada.
Key players: Key players operating in the professional hair care market are
Fable & Mane, Henkel AG, Procter & Gamble Co., Unilever Corporation,
Kao Corporation, Aveda Corporation, Avon Products Inc., L€TMOreal S.A., Revlon,
Inc., Johnson & Johnson, Natura & Co., and Coty Inc. Henkel AG is one
of the leading players in the professional hair care industry, offering various
shampoos, conditioners and hair coloring products. Procter & Gamble Co.
also enjoys a strong brand presence with well-known brands like Head &
Shoulders and Pantene catering to salon professionals.
Read More,
https://www.insightprobing.com/professional-hair-care-market-trends-size-and-share-analysis/
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