Worldwide Hair Care Market Analysis & Forecast 2018-2023: Colorants, Hair Spray and Shampoos - ResearchAndMarkets.com

The "Global Hair Care Market Trends, Size - Segmented By Product (Colorants, Hair Spray, Shampoos), Distribution Channel (Direct Selling, Hypermarkets & Retail Chains, E-Commerce), and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global hair care market (henceforth referred to as the market studied) was valued at USD 91.95 billion in 2017, and is expected to reach USD 112.57 billion by 2023, registering a CAGR of 3.35% over the forecast period of 2018-2023.

The majority of the global population has become beauty conscious and people are being more inclined toward beauty-enhancing products. With increasing professional work culture, personal grooming and appearance have become one of the primary concerns for employees, as they want to maintain a professional outlook.

Owing to its significance as one of the primary grooming products for both men and women, this has resulted in an increased demand for grooming products, the demand for hair care has been increasing. In addition, with more than 54% of the population falling in the age bracket of 20-65 years, a significant number of people are concerned about the effects of aging.

With the youth and middle-aged population facing hair-related problems, such as discoloring, thinning, etc., the demand for hair care is also increasing. There has also been a considerable surge in global E-commerce sales and companies are looking for ways to explore this sector, to boost their sales.

With companies investing heavily on advertising, there has been an increased awareness among users, about different products. With increased adoption of new products among the population, a rise in demand has been witnessed. These factors are driving the growth of the global hair care market.

Key Highlights