Global hair care products market was valued at US$ 81.65 billion in 2016 and is expected to reach US$ 129.18 billion by 2025, witnessing a CAGR of 5.33% over the forecast period (2017–2025), according to Hair Care Products Market Report, by Product Type (Shampoo, Conditioner, Serum, Colorants, Sprays, Oil, Gels, and Others) and by Distribution Channel (Online, Supermarkets, Hypermarkets, Specialty Store, Convenience Stores, and Others). Hair care products, including shampoos, oils, and gels are gaining traction, as it helps enhance the health, shine, texture, softness, color, and overall aesthetics of hair. Furthermore, growing hair problems such as dandruff, hair loss, and split ends is fuelling growth of the hair care products market. Increasing number of players are focusing on providing innovative products is further fuelling growth of the hair care products market. For instance, in January 2017, TYME LLC launched a hair care line series, including shampoo, conditioner, and hairspray, which do not contain parabens and sulfate. However, stringent government regulations such as Regulation (EC) No 1223/2009, which regulates manufacturing, labelling and ingredients used in the hair dye products are hindering growth of the hair care products market. In February 2016, Bigen Permanent Powder Hair Color and Blasol Powder Permanent Hair Coloring Formula were recalled in Europe due to the presence of banned toxic substance sodium perborate in them. Furthermore, synthetic chemicals in hair care products are associated with side effects such as irritation to skin and scalp, which in turn is expected to restrain growth of the global hair care products market.
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Key Trends and Analysis of the Hair Care Products Market:
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Key players operating in the global hair care products market include Unilever plc, Procter Gamble Co., L’Oreal S.A., Avon Products Inc., Revlon Inc., Aveda Corporation, Amka Products (Pty) Ltd., Johnson & Johnson Pvt. Ltd., Combe Incorporated, and Henkel Corporation.
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