DUBLIN – (COMMERCIAL THREAD)–The “Hair Care Market – Growth, Trends, Impact of COVID-19 and Forecast (2021 – 2026)” the report was added to ResearchAndMarkets.com offer.
The global hair care market is expected 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 the majority of companies to launch products with ingredients inspired by nature, such as premium botanical and plant-inspired ingredients. Among the types of organic hair care products, such as conditioners and shampoos, serums and oils, and styling products, the former holds the majority of the global organic hair care market share, due to its wide use.
In addition, organic anti-dandruff hair oils are expected to register robust growth during the forecast period. The demand for organic hair care products in Western Europe is expected to increase at a substantial rate. In addition, the growing personal care industry is expected to drive the market in Latin America.
Growing Dominance of Hair Care Products in Asia Pacific
China is the world’s second largest market for hair care products, only after the United States. In the Asia-Pacific region, the country holds the largest market share and is expected to maintain its position during the forecast period, thereby further increasing the demand for hair care products in the whole of Asia-Pacific and further increasing the potential of Asia-Pacific. to become one of the largest markets for hair care products over the next five to ten years.
The use of premium hair care products is most prevalent in Tier 1 mega-cities, with increasing penetration in Tier two and three cities in the interior of China. This is expected to increase further with the growth of the middle class and the consumption of consumer products. Growing internet penetration and the push of e-commerce companies to attract consumers is boosting e-commerce sales in the Asia-Pacific region, while physical retail channel sales continue to dominate the market.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market drivers
4.2 Market restrictions
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 on this report, visit https://www.researchandmarkets.com/r/twwj6l