Hair Care Market to Propel Gradually by Achieving a Valuation of USD 213.47 billion by 2032 with a CAGR of 10.4% during the Forecast Period

The hair care market size is projected to grow from USD 99.52 billion in 2023 to USD 213.47 billion by 2032. As per a report by Fortune Business Insights™ titled, “Hair Care Market Size, Share & COVID-19 Impact Analysis, By Product (Hair Colorants, Shampoo, Conditioner, Hair Oil, and Others), By Distribution Channel (Supermarket/Hypermarket, Specialty Stores, Online Stores, and Others), By and Regional Forecasts, 2024-2032.” The market stood at USD 99.52 billion in 2023. It is set to exhibit a CAGR of 10.4% during 2024-2032.

Hair care products help women and men to take care of their hair health and protect them from damage. The products include serum, shampoo, oil, conditioner, and others that are used in maintaining the nourishment of hair and are available in various forms such as lotion, liquid, gel, and cream. There are various product types catering to the needs of consumers such as shampoos for oily and dry hair, conditioners for damaged scalp and hair maintenance, and shampoos for curly and colored hair.

Shutdown of Shipment Complications and Stores Owing to COVID-19 Restrained the Demand

Due to the outbreak of the COVID-19 pandemic, the market has experienced a downfall during 2020. This forced the shutting down of shops owing to the lockdown, consumers being cautious of getting infected by touching packaging, and maintaining limited stores. The sales got decreased due to the postponement and reduction of goods shipment, owing to the government’s strict regulations to mitigate the spread of the COVID-19 virus.

Rising Focus on the Development of Natural and Organic Products to Boost Demand

Due to the negative effects of chemicals on the environment and health, consumers’ inclination is shifting toward herbal and organic owing to increased health consciousness. The players focus on developing new scalp dressing products to meet demand based on factors, such as ethnicity, geography, and culture, which play a vital role in the hair care market growth.

Mielle Partnered with Procter & Gamble Company to Gain Momentum

Mielle Organics, a women-led global beauty brand rooted in natural ingredients, partnered with the Procter & Gamble Company’s beauty business to gain access to supplying natural formulation-based hair care cosmetics to American black women. Its products can be found in the U.S. in retailers such as Sally Beauty, CVS, Walgreens, Rite Aid, Target, Ulta Beauty, and Walmart and in more than 100,000 stores across the U.S.

Competitive Landscape:

Shifting toward Eco-friendly Solutions and Effective Strategies

The global hair care market share is highly fragmented, owing to several local and domestic players in the global marketplace. The manufacturers focus on effective marketing and advertising strategies, introducing environment-friendly packaging solutions, and developing organic products to attract a consumer base.

Notable Industry Development:

• April 2022:L’Oréal S.A.s’ professional products division, in partnership with Myntra, an Indian online shopping platform, formed its capabilities of supplying salon-inspired hairdressing products in India.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/hair-care-market-102555

List of the Companies Profiled in the Report:

•          L'Oréal S.A (France)

•          Coty Inc. (U.S.)

•          Henkel AG & Co. KGaA (Germany)

•          Unilever PLC (U.K.)

•          The Procter & Gamble Company (U.S.)

•          Revlon, Inc. (U.S.)

•          Kao Corporation (Japan)

•          Natura & Co. (Brazil)

•          Johnson & Johnson Services, Inc. (U.S.)

•          Aveda Corporation (U.S.)

Further Report Findings:

• Europe is anticipated to hold the highest position in the global market share during the projected period and was valued at USD 33.27 billion in 2022.


• North America is expected to witness substantial presence in the market due to the high expenditure on personal care, including hair-based products.


• Asia Pacific is estimated to record a significant market share. In this region, the countries face intense air pollution leading to regular cleaning of hair. Hence, the demand for spa has increased, thereby boosting the market growth for scalp repair-related products in this region.


• South America is predicted to showcase a crucial presence in the market, owing to the growth of the urban population.


• The Middle East & Africa is also witnessing market progress as many MEA countries are experiencing growth due to economic development.

Table of Segmentation: