The professional hair care market comprises products such as shampoos, conditioners, hair color, hair sprays, hair gels and hair oils that are used by consumers at salons or spas. These products provide improved manageability, nourishment and protection to hair from environmental damage. The need for frequent styling and enhancing hair appearance has fueled the demand for hair care products across the globe. The professional hair care products market offers premium, high-performance hair treatments that repair and protect hair from damage caused by chemical services, heat styling tools and ultraviolet light.
The Global professional hair care market is estimated to be valued at US$ 121 billion in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024-2030.
Key Takeaways
Key players operating in the professional hair care market are L'Oréal Group, Henkel AG & Co. KGaA, Kao Group, Shiseido Company Limited, and Coty Inc.
Rising disposable incomes and changing lifestyles have led to increased spending on personal grooming and styling. This creates significant opportunities for professional hair care market players to introduce premium and customized products.
Major companies are focusing on expanding their footprint in emerging economies of Asia Pacific and Latin America through strategic partnerships and acquisitions. The APAC Professional Hair Care Market Trends is projected to grow at the highest CAGR during the forecast period due to rapid urbanization, rising beauty consciousness and improved access to professional hair care services.
Market Drivers
The growing working women population and increased desire for trendy hairstyles has been a major driver for the professional hair care market. Women now account for a significant portion of the workforce across sectors and prefer frequent salon visits to maintain their appearance. Moreover, rising incomes have enabled consumers to spend more on premium hair care products and services. This has propelled the demand for professional styling tools, hair colors and serums over the past years. Companies have capitalized on this trend by launching innovative and effective product lines that fulfill the evolving grooming needs.
PEST Analysis
Political: The Professional Hair Care Companies is affected by various governmental regulations in different regions related to product ingredients and packaging. Changes in these regulations can impact the demand for certain hair care products.
Economic: The growth of the economy and rise in personal disposable incomes generally lead to higher spending on hair styling and beauty products. Economic slowdowns may negatively influence the professional hair care market.
Social: Changing fashion trends and styles influence people's preferences for various hair care products and services. Increased social media usage helps create and drive new demand.
Technological: Advanced hair treatment technologies allow the development of products offering benefits such as damage repair, anti-ageing, and conditioning. digital marketing helps companies to efficiently promote their professional hair care brands online.
Geographical regions:
North America currently accounts for the largest share of the global professional hair care market in terms of value sales, led by the United States. The growing demand for naturally derived and organic hair care products is driving market growth in the region. Europe is the second largest market for professional hair care globally, with major markets being Germany, France, and the UK. Asia Pacific is projected to be the fastest growing regional market in the coming years, led by expanding hair salon industries and rising expenditure power in developing countries like China and India.
Fastest growing region:
Asia Pacific region is poised to exhibit the strongest growth in the professional hair care market during the forecast period due to booming economies, rising affluence, increasing influence of western culture and fashion, and growing preference for professional hair treatments and styling among consumers. Rapid development of the beauty salon industry across Asia Pacific countries further supports market expansion. China, India and other South Asian countries will be the dominant contributors to the projected high growth of the professional hair care market in Asia Pacific.
Get More Insights On, Professional Hair Care Market
For More Insights Discover the Report In language that Resonates with you
About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)