Professional Hair Care Market

Global Professional Hair Care Market Size (2024 to 2029)

The global professional hair care market size is expected to reach USD 24759.94 million by 2029 from USD 19773.85 million in 2024, growing at a compound annual growth rate (CAGR) of 4.6 % during the forecast period.

Current Scenario of the Global Professional Hair Care Market

The rise in disposable income and the rapid growth of the population are boosting the growth rate of the global professional hair care market.

The growth of the professional hair care market is majorly driven by the rise of internet penetration worldwide and increasing concern among people regarding hair. The growing efforts from the key market participants in product innovation, rising air pollution across the world, and the increase in the use of hair care products are further propelling the global market growth. The rapid growth in the adoption of organic ingredients across the world, growing investments by companies from emerging economies such as India, Brazil, and China for new product innovation, and the expansion of distribution channels such as online stores, salons, hypermarkets, and specialty stores in which the hair care products are easily accessible to the customers are further fuelling the growth rate of the professional hair care market.

The high cost of premium and professional products hinders the growth of the professional hair care market. The availability of alternative products in the market and the involvement of hazardous chemicals to soften the hair are further hampering the growth rate of the professional hair care market.

Impact of COVID-19 on the professional hair care market

COVID-19 is a deadly disease caused by SARS-CoV-2. This disease was first registered in Wuhan, China. World Health Organization (WHO) declared the spread of COVID-19 as a pandemic that shuttered the global economy in unprecedented ways. All the shops were shut down in the first half of 2021 due to strict lockdown. Governments had made strict lockdown restrictions to control the spread of the disease. This made the professional haircare market face huge losses. Later, with some relaxation released by the government in every country, all activities were resumed slowly, which is predicted to drive the global market growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Professional Hair Care Market By Product Type

Among these segments, the shampoo segment holds the major share of the market among the others because those shampoos are tailored according to variations associated with hair quality, age, and hair care preferences. The hair coloring segment is expected to increase its market value during the forecast period.

Global Professional Hair Care Market By Distribution Channel

Among these segments, the salon segment holds the major share of the market as they are getting more popular among consumers because of their preference for pre-purchase advice from hairstylists attributed to their deep knowledge of product compatibility and expertise in the hair care field.

REGIONAL ANALYSIS

North America region holds the major share of the market due to the rise in supermarkets and hypermarkets culture in the region and the rapid rise in the increase of investments and development in some of the emerging economies such as the United States and Canada. Asia Pacific region holds the second-largest share of the professional hair care market owing to the increase in disposable income and growing population. The European region is expected to increase the market value of Professional Hair Care owing to the rising investment in new product innovation by the companies from the major companies. 

KEY MARKET PLAYERS

Some of the key market players in the professional hair care market are Unilever Corporation, Kao Corporation, Aveda Corporation (Estée Lauder), L'Oréal SA, Henkel Corporation, Procter & Gamble Co., Avon Products Inc., Revlon Inc., Toni & Guy, and Shiseido Company Limited. 

DETAILED SEGMENTATION OF THE GLOBAL PROFESSIONAL HAIR CARE MARKET INCLUDED IN THIS REPORT

This research report on the global professional hair care market has been segmented and sub-segmented based on product type, distribution channel, and region.

By Product Type

• Hair Colouring
• Shampoo
• Styling Agents
• Straightening
• Perming Product
• Other

By Distribution Channel

• Hypermarkets
• Retail Chain
• Salon
• E-Commerce
• Pharmacy
• Specialty Store

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa