Global Hair Care Market Overview:
Hair care contributes more than 15% of the total worldwide excellence and individual care market revenue. Notwithstanding of having a few compositions, color availability, and ingredients, hair care can be categorized into five diverse variants based on its utilization. These categories are shampoo, conditioner, hair color, hair styling items and other hair care items. Shampoo comprises major section of Hair Care market because of its cleansing property. It is used for removal of dust particles and other unwanted materials from scalp and helps in making hair manageable.
- Growing Disposable Income
- Upsurge in male grooming
- Increasing number of fashion Conscious users
- Increasing awareness about hair related issues
- Promotional activities like celebrity endorsements.
- Rising trend of hair color will boost market growth
- Influence via Social Media and Blogging
- Side Effects of products
- Availability of Alternatives
- Use of Natural products in making hair care products
- High cost of Hair Care product
- Fear of trying new product
Reputed firms in the market are majorly centered on capturing greater shares, backed by strategies including item advancements and significant spending on R&D activities to come up with innovative products. Considering these improvements, the competitive landscape of the hair care industry is expected to intensify in the coming years. Johnson & Johnson announced plans to start vertical construction on USD 18 million at the Lake Nona facility. This expansion helps to provide internal and external service to North American-based companies and functions in the Johnson & Johnson family, as well as Fortune 500 companies.
Some of the key players profiled in the report are L’Oreal Group (France), Unilever (United Kingdom), REVLON Inc. (United States), Natura &Co (Brazil), Johnson & Johnson (United States), Shiseido (Japan), The Procter & Gamble Co (United States), Estée Lauder Companies (United States), Amway (United States), The Body Shop (United Kingdom) and Goody Products, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Kao Corporation (Japan), Patanjali (India), Dabur (India) and Avon Products, Inc. (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Hair Care market by 2026. Considering Market by Distribution, the sub-segment i.e. Pharmacy will boost the Hair Care market. Considering Market by Gender, the sub-segment i.e. Male will boost the Hair Care market.
Latest Market Insights:
In Nov 2019, MAV Beauty Brands acquired The Mane Choice Hair Solution. In November 2019 Henkel announced acquisition of Deva Curl which is known hair care brand.
What Can be Explored with the Hair Care Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hair Care Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hair Care
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hair Care market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hair Care market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Hair care manufacturers, suppliers, distributors and other stakeholders, Organizations, forums and industries related to hair care, Consulting Firms, Policy makers and Regulatory bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.