The North America Professional Hair Care Market market is expected to grow at a whopping CAGR of 4.03 % from 2024 to 2029 and be worth USD 8200 million by 2029 from USD 6730 million in 2024. The increasing demand for personalization and the growing prevalence of different hairstyles are majorly propelling the growth rate of the North America professional hair care market.
Cosmetics and personal care products include professional hair care products. These products handle various hair problems like hair fall, split ends, dandruff, and other hair-related problems. Also, professional hair care gives an aesthetic hairstyle. Products like shampoo, hair conditioner, and hair colorants come under professional hair care. According to the customer requirements, professional hair care products are available in different forms. The variant shampoo provides different solutions to various hair-related problems.
North America Professional Hair Care Market Drivers:
The rise in disposable income in urban areas are major factor attributed to propelling the demand of the North America professional hair care market. The trend toward different hairstyles is also boosting the growth rate of the market. In addition, the increasing population and rise in expenditure in developed countries are likely to fuel the demand for the professional hair care market in North America. The rising number of hair-related problems among people due to increasing levels of air pollution is substantially leveling up the demand for the professional hair care market. Manufacturing hair care products with organic ingredients is surging the growth rate of the North America professional hair care market.
North America Professional Hair Care Market Restraints:
However, fluctuations in the raw materials used to manufacture such premium products are slowly restraining the demand of the North America professional hair care market. The chemicals used to soften the hair are hazardous to the hair, restricting the growth rate of the market to an extent. Also, the lack of productivity in some areas is degrading the growth rate of the professional hair care market in North America.
Impact of COVID-19 on the North America professional Hair care market:
COVID-19 is a deadly disease that disrupted the supply chain and production units. The economy was totally disrupted due to the spread of the novel coronavirus. In 2021, there was a complete lockdown across the world where all the manufacturing units and production were halted. Later on, with the unlock guidelines released everywhere, the market shares started to rise from the last months of 2021. It is expected to have significant shares in the coming years. The market's key players are implementing different strategies to gain profits.
This research report on the North America Professional Hair Care market has been segmented and sub-segmented into the following categories.
North America Professional Hair Care Market – By Type:
The product segment is leading with the highest shares of the market owing to increasing demand for premium products in hair care. The services segment is projected to have the dominant growth rate in the coming years.
North America Professional Hair Care Market – By Product:
The shampoo segment is attributed to having the largest share of the market. The increasing population and growing demand for hair care products are promoting the demand of the market. Hair oil and hair color segments are expected to have a significant growth rate.
North America Professional Hair Care Market – By Region:
North America professional hair care market has dominated the largest shares for the past few years. Increasing per capita income and the rising prevalence of quality hair care products are promoting the growth rate of the market in North America. In addition, growing awareness of the premium products for hair care is elevating the demand of the North America professional hair care market. An increasing number of people suffering from hair-related problems is tremendously expanding the demand of the market in this region. The US is the major country contributing the highest shares of the professional hair care market. Amid the COVID-19 pandemic, this country witnessed in having the highest growth rate in 2021. The launch of innovative products with the latest technologies and also the adoption of online shopping are elevating the demand in the market.
Canada is projected to have the fastest growth opportunities in the coming years. An increasing number of key players is majorly propelling the demand for the professional hair care market in this country.
KEY MARKET PLAYERS:
The major key players in the North America Professional Hair Care Market are Henkel AG & Co, Aveda Corporation, Procter & Gamble Co, L’oreal Group, Kao Group, Group, PBI Group Inc.
RECENT HAPPENINGS IN THE MARKET:
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