DUBLIN, November 30, 2021--(BUSINESS WIRE)--The "Hair Care Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The global hair care market is projected to grow at a CAGR of 3.35% during the forecast period (2021 - 2026).
Shiseido Company, Limited
Johnson & Johnson Services, Inc.
Oriflame Cosmetics AG
Procter & Gamble Co.
Key Market Trends
Growing Demand for Organic Hair Care Products
The high demand for natural ingredients has been quite evident in the market studied, which has led to the majority of companies launching products with nature-inspired ingredients, such as plant-inspired and premium botanical ingredients. Among the organic hair care product types, such as conditioners and shampoos, serums and oils, and styling, the former holds a majority of the share in the global organic hair care market, owing to its wide usage.
Furthermore, anti-dandruff organic hair oils are expected to register robust growth over the forecast period. The demand for organic hair care products in Western Europe is expected to increase at a substantial rate. Moreover, the growing personal care industry is expected to boost the market in Latin America.
Increasing Dominance for the Hair Care Products in Asia-Pacific
China is the second-largest market for hair care products worldwide, only after the United States. In the Asia-Pacific region, the country holds the largest market share and is expected to hold its position during the forecast period, thus further increasing the demand for hair care products in the overall Asia-Pacific and further increasing the potential of Asia-Pacific to become one of the largest markets of hair care products over the next five to ten years.
The usage of premium hair care products is most prevalent in tier one megacities, with increasing penetration in China's inland tier two and tier three cities. This is further likely to increase with the growing middle class and consumption of consumer products. The increasing internet penetration and push of e-commerce companies to attract consumers is driving the sales from e-commerce in the Asia-Pacific region, while sales from the physical retail channel continue to dominate the market.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Type
5.2 By Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Market Share Analysis
6.3 Most Adopted Strategies
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19 ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/twwj6l
View source version on businesswire.com: https://www.businesswire.com/news/home/20211130005949/en/
Laura Wood, Senior Press Manager
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