According to the latest report by IMARC Group, titled “Hair Care Market Growth: Global Industry Trends, Share, Size, Opportunity and Forecast 2021-2026” by IMARC Group estimates that the global haircare market reached a value of US$ 93.8 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 109.8 Billion by 2026. Haircare refers to cosmetic care products and services that enhance the appearance of hair to make it look healthy, clean and stylish. It involves the utilization of different products to improve the overall texture of the hair. Various hair treatments, such as keratin, anti-dandruff, anti-hair fall, smoothening, and coloring, are also gaining widespread prominence among the masses.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Hair Care Market Trends:
The global market is primarily driven by the increasing incidences of hair fall among individuals. This, along with the rising air pollution levels across the globe and the growing adoption of personal grooming practices among the masses, is positively influencing the market growth. Furthermore, continually improving living standards of the masses and their inflating disposable income levels are significantly contributing to market growth. Moreover, the increasing influence of social media platforms and celebrity endorsements are creating a positive outlook for the market. Additionally, a considerable shift towards the adoption of organic and chemical-free products is providing an impetus to market growth.
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Key Market Segmentation:
Competitive Landscape with key Players:
The report has also analyzed the competitive landscape of the market, with some of the key players being
- KAO Group
- L’Oréal USA, Inc.
- The Procter & Gamble (P&G) Company
- Unilever PLC
- Johnson & Johnson, Inc.
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Retailers
Breakup by Product Type:
- Hair Color
- Hair Styling Products
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Key highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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