Hair Styling Products Market

Global Hair Styling Products Market Size (2024 to 2029)

The global hair styling products market is estimated to grow from USD 2.94 billion in 2024 to USD 3.75 billion by 2029, growing at a CAGR of 5% from 2024 to 2029.

Current Scenario of the Global Hair Styling Products Market

Hairstyling products are mainly used to obtain the hair shape desired by the individual. As the awareness of beauty increases among consumers, the demand for hair products is increasing worldwide. A variety of commercially available hair products include hair gels, hair lacquers, hair foams, and hair creams to help improve a person's body shape. In line with current fashion trends, the increasing use of styling products for individuals is expected to support global market penetration.

MARKET DRIVERS

The increase in hair care and styling awareness is expected to be one of the main drivers of the development of the Hair Styling Products Market.

Changes in lifestyle, increased disposable income, product innovation, and marketing activities are some of the factors propelling the growth of the hair styling products market. In addition, the market for hair styling products is growing worldwide as an awareness of the wide range of hair styling products available on e-commerce websites. The increase in disposable income, the rise in fashion trends, and the increase in diseases related to the scalp are supporting the world market for styling products. The growth of the latest fashion trends, the increase in disposable income, and a greater awareness of the fashion of the female population are the key factors that are expected to lead the growth of the world market for hair styling products during the forecast period. 

The demand for a variety of hair products, such as hair sprays, hair gels, and hair waxes and creams, is a critical factor in accelerating the growth of the global market to improve hairstyles for men and women.

Besides, increasing the health of consumers for various organic and natural hair styling products due to a number of health benefits is another crucial factor in promoting growth in the target market. Also, there are several levels of hair-related diseases throughout the world, raising pollution levels and unhealthy lifestyles. This is supposed to support the growth of global hair styling products during the forecast period.

MARKET RESTRAINTS

However, the lack of standardization of products that can cause side effects later, the high demand for low-cost products, and intense competition with local companies that offer products at competitive prices for customers can limit the future growth of the global hair styling products market. 

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Hair Styling Products Market By Type of Product

As more and more men use gels/waxes to comb their hair and beards, the segment is foreseen to grow significantly in the coming years. Also, the use of gels/waxes will likely increase considerably in the future.

Global Hair Styling Products Market By Distribution Channel

The increase in the number of e-commerce websites and their use has marked a remarkable growth due to technological advances and digitalization served as a catalyst for the online purchase of hair styling products. These e-commerce websites have channeled impulse purchases, providing a platform to convert leads into customers. Online distribution channels are also predicted to register significant growth in the coming years due to their ability to operate efficiently in terms of ease, time savings, discounts, and offers.

REGIONAL ANALYSIS

The North American market occupied the largest share of the world hair styling products market growth.

 Followed by the European region, owing to the high disposable income and the high recognition of the current fashion trends of individuals in the countries of this region. The Asia-Pacific market has experienced significant growth in terms of CAGR in the world market. As the demand for high-end styling products increases, users spend more on styling products and awareness of fashion trends in the emerging countries of the Asia Pacific. The markets of the Middle East, Africa, and Latin America are expected to show modest growth in terms of income as the penetration of electronic commerce and awareness of the physical appearance of the individual in the countries of the region increases.

KEY MARKET PLAYERS

Schwarzkopf Professional, Amway, Johnson & Johnson, L'OREAL, Kao Corporation, Oriflame Cosmetics, Procter & Gamble, OLVEA Group, Revlon, Shiseido Company, Shandong Baisheng Biotechnology and Unilever plc are some of the notable companies in the global hair styling products market.

DETAILED SEGMENTATION OF THE GLOBAL HAIR STYLING PRODUCTS MARKET INCLUDED IN THIS REPORT

This research report on the global hair styling products market has been segmented and sub-segmented type of product, distribution channel, and region.

By Type of Product

• Shampoo
• Conditioner
• Gel/wax, spray
• Cream
• Dryer
• Iron

By Distribution Channel

• Offline
• Online

By Region

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