The market value of the Professional Hair Care Market is valued at 18072.9 million US dollars in the year 2021, which is expected to increase the growth by 26242.7 million US dollars by the end of 2026 with a compound annual growth rate of 4.6% during the forecast period of 2021 to 2026. The market value of professional haircare is expected to increase more during the forecast period.
The rise of internet penetration all around the globe and increasing concern among people regarding hair are some of the major factors that propel the growth of the market of Professional Hair Care market.
The rise in disposable income, the rapid growth of the population, are some of the major driving factors of the Professional Hair Care market growth rate.
Another major driving factor of the Professional Hair Care market was a rise in product innovation from various companies. The rising of air pollution across the world, increase in the use of hair care products across all the regions are some of the growth-supporting factors of the market of Professional Hair Care revenue rate.
Another major growth driving factor of the Professional Hair Care market was the rapid growth in the adoption of organic ingredients across the world.
Increasing investments by the companies from emerging economies such as India, Brazil, and China for new product innovation boost the growth of the market of Professional Hair Care.
Expansion of distribution channels such as online stores, salons, hypermarkets, specialty stores in which the hair care products are easily accessible to the customers is also one of the major growth factors which propel the growth of the market of professional hair care.
Professional Hair Care Market Challenges:
Professional Hair Care is the high cost of the premium and professional products, which hinders the growth of the Professional Hair Care Market.
Another major restraint that is affecting the growth of the market of Professional Hair Care was the availability of alternative products in the market.
Involvement of hazardous chemicals to soften the hair is also one of the major restraint which hampers the growth of the market of professional hair care products revenue rate.
Market Size Available
2021 – 2026
By Product Type , By Distribution Channel
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
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.,
Professional Hair Care Market Segmentation:
The Professional Hair Care Market is segmented on the basis of product type, on basis of distribution channel, and on the basis of geography.
On the basis of product type, the Professional Hair Care Market is segmented into hair coloring, shampoo, styling agent, straightening and perming product, and other types of products. Among these segments, the shampoo segment holds the major share of the market among the others due to the that shampoos are tailored according to variations associated with hair quality, age, hair care preferences. The hair coloring segment is expected to increase the market value during the forecast period.
On the basis of distribution channels, the Professional Hair Care Market is segmented into the hypermarket, retail chain, salon, e-commerce, pharmacy, specialty store, and other types of distribution channel. Among these segments, the salon segment holds the major share of the market as they are getting more popular among the consumers because of their preference for pre-purchase advice from the hairstylists attributed to their deep knowledge of product compatibility and expertise in the hair care field.
The Professional Hair Care market is elaborated in various regions all around the world such as North America (US, Mexico, Canada and rest of North America), European region (Germany, Italy, UK, France, Spain and Rest of Europe), Asia Pacific region (China, India, Japan, Australia and rest of Asia Pacific).
North America region holds the major share of the market due to the rise in supermarkets and hypermarkets culture in the region and 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 market of Professional Hair Cares owing to the increase in disposable income and growing population.
The Europe region is expected to increase the market value of Professional Hair Cares owing to the rising investment for new product innovation by the companies from the major companies.
Key market players:
Some of the key market players of 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.
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 on, with some relaxations released by the government in every country, all the activities were resumed slowly. This is making the market shares grow beyond.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Professional Hair Care Market, By Type
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Professional Hair Care Market, By Product
6.2.2 Hair Color
6.2.4 Hair Styling Product
6.2.5 Hair Oil
6.2.6 Market Size Estimations & Forecasts (2021-2026)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Product
7.3.1 By Country
22.214.171.124 Rest of Europe
7.3.2 By Type
7.3.3 By Product
7.4 Asia Pacific
7.4.1 By Country
126.96.36.199 South Korea
188.8.131.52 South East Asia
184.108.40.206 Australia & NZ
220.127.116.11 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Product
7.5 Latin America
7.5.1 By Country
18.104.22.168 Rest of Latin America
7.5.2 By Type
7.5.3 By Product
7.6 Middle East and Africa
7.6.1 By Country
22.214.171.124 Middle East
7.6.2 By Type
7.6.3 By Product
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Hindustan Unilever Ltd
8.4 Kao Corporation
8.5 Marico Limited
8.6 Aveda Corporation
8.7 Henkel Corporation
8.8 Combe Incorporated
8.9 Johnson and Johnson
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures