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Global Professional Hair Care Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Type (Product and Services), Product (Shampoo, Hair Color, Conditioner, Hair Styling Product and Hair Oil), and Region (North America, Europe, APAC, Latin America, Middle East and Africa) – Industry Analysis from 2024 to 2029

Published: March, 2023
ID: 10605
Pages: 175
Formats: report pdf report excel report power bi report ppt

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.

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

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

4.6%

Segments Covered

By Type, Source, Application, And Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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.

 

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

Global Professional Hair Care Market – By Product Type:

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

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:

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

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.

Global Professional Hair Care Market – By Region:

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

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. 

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FAQ's

What was size of the global professional hair care market in 2024?

The global professional hair care market was valued at USD 19773.85 million in 2022.

What are the key factors driving the growth of the professional hair care market?

The growing disposable income, changing fashion trends, and the rising demand for specialized hair care products are some of the key factors propelling the growth of the professional hair care market. 

Which region has the largest share in the professional hair care market?

North America and Europe held a significant share of the global professional hair care market in 2022, with Asia-Pacific also showing strong growth.

What is the impact of the COVID-19 pandemic on the professional hair care market?

The COVID-19 pandemic initially led to a decline in the market due to salon closures, but as salons reopened, the market rebounded, with increased demand for professional products.

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