Hair Care Market Size to Surpass US$ 144.72 billion by 2031 - Growth Plus Reports

Pune, Jan. 03, 2024 (GLOBE NEWSWIRE) -- According to the latest report published by Growth Plus Reports, the global Hair Care Market is expected to clock US$ 144.72 billion by 2031 and to grow at a CAGR of 6.4% during the forecast period.

The Hair Care Market is evolving with a renewed focus on holistic well-being, sustainability, and innovation. This press release aims to provide insights into the key trends, technological advancements, and the dynamic landscape of the Hair Care Market.

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                                     Hair Care Market Scope

Market Overview:
The Hair Care Market is experiencing a transformative phase, reflecting changing consumer preferences and a heightened awareness of the link between hair health and overall well-being. The market is expanding beyond traditional hair care products to offer a diverse range of solutions catering to different hair types and concerns.

Key Trends Driving Market Dynamics:

1. Clean and Sustainable Beauty: Consumers are increasingly prioritizing clean and sustainable beauty practices. This trend has led to the development of hair care products with natural ingredients, eco-friendly packaging, and cruelty-free formulations.

2. Personalization and Inclusivity: The demand for personalized hair care solutions is on the rise. Companies are leveraging technology to offer customized products catering to specific hair types, textures, and individual preferences. The market is also becoming more inclusive, embracing diverse hair types and styles.

3. Wellness Integration: The intersection of beauty and wellness is a prominent trend. Hair care products now often include ingredients that promote scalp health and overall hair vitality. Nutrient-rich formulations and products with added vitamins and minerals are gaining popularity.

Market Segmentation:

Product Type: Hair Shampoo, Hair Colorants

Indication: Dry and Dull Hair, Dry and Itchy Scalp

Distribution Channel: Pharmacy and Drug Store, Supermarket, Specialty Stores

Challenges and Opportunities:
           

1. Environmental Concerns: Addressing environmental concerns, including plastic waste from packaging, presents challenges. Opportunities exist for the development of sustainable packaging solutions and the promotion of refillable options.

2. Consumer Education: Educating consumers about the benefits of different hair care ingredients and routines is essential. Opportunities lie in comprehensive educational campaigns to empower consumers to make informed choices.

3. Technological Integration: Opportunities for advancements lie in the integration of technology for personalized hair care solutions. Tools such as AI-powered hair analysis and virtual try-on experiences enhance the shopping journey for consumers.

Table of Content

1. INTRODUCTION

1. 1. Market Ecosystem
   2. Timeline Under Consideration
      1. Historical Years – 2021
      2. Base Year – 2022
      3. Forecast Years – 2023 to 2031
   3. Currency Used in the Report

2. RESEARCH METHODOLOGY 

2. 1. Research Approach
   2. Data Collection Methodology
   3. Data Sources
      1. Secondary Sources 
      2. Primary Sources
   4. Market Estimation Approach
      1. Bottom Up
      2. Top Down 
   5. Market Forecasting Model
   6. Limitations and Assumptions

3. PREMIUM INSIGHTS

3. 1. Current Market Trends (COVID-19 Perspective)
   2. Key Players & Competitive Positioning (2022)

4. MARKET DYNAMICS

4. 1. Drivers
   2. Restraints/Challenges
   3. Opportunities

5. GLOBAL HAIR CARE MARKET - ANALYSIS & FORECAST, BY PRODUCT TYPE

5. 1. Hair Shampoo
   2. Hair Colorants
   3. Hair Conditioner
   4. Hair Oil
   5. Hair Serum and Spray
   6. Others

6. GLOBAL HAIR CARE MARKET - ANALYSIS & FORECAST, BY INDICATION

6. 1. Dry and Dull Hair
   2. Dry and Itchy Scalp
   3. White and Grey Hair
   4. Hair Loss
   5. Others

7. GLOBAL HAIR CARE MARKET - ANALYSIS & FORECAST, BY DISTRIBUTION CHANNEL

7. 1. Pharmacy and Drug Store
   2. Supermarket
   3. Specialty Stores
   4. Online Stores
   5. Others

Browse full TOC here

VALUE PROPOSITIONS RELATED TO THE REPORT:

• Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
• Comprehensive quantitative and qualitative insights at segment and sub-segment level
• Covid 19 impact trends and perspective
• Granular insights at global/regional/country level
• Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on 'Strategic Developments' registered by leading players of the market

CUSTOMIZATION OPTIONS:

• Distributor Landscape Assessment
• Pricing Intelligence
• Customer Base Assessment
• Investment & Initiatives Analysis
• 'Business Profile' of Key Players

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Future Outlook:

The Hair Care Market is poised for continuous innovation and growth as the industry focuses on research, technological advancements, and meeting the evolving needs of consumers. The market anticipates transformative changes in how individuals approach and prioritize their hair care routines.

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About Us:

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