How big is the hair care market?
How big is the hair care market?
The global hair care market value amounted to about 85.5 billion U.S. dollars in 2017 and is expected to grow to 102 billion dollars by 2024.
How much is the hair industry worth 2021?
What is the market size of the Hair Salons industry in the US in 2021? The market size, measured by revenue, of the Hair Salons industry is $39.5bn in 2021. What is the growth rate of the Hair Salons industry in the US in 2021? The market size of the Hair Salons industry is expected to increase 28.7% in 2021.
How much is the hair industry worth in 2020?
$ 4.93 Billion Growth in Global Hair Care Market 2020-2024 | 41% Growth to Come from APAC | Technavio.
How much money is spent on hair care each year?
The amount spent on hair care products annually varies over the years in the United States. In 2018, American consumers spent between 73.4 U.S. dollars in a year on hair care products….
| Characteristic | Average annual expenditure in U.S. dollars |
|---|---|
| 2019 | 78.7 |
| 2018 | 73.4 |
| 2017 | 89.95 |
| 2016 | 83.07 |
How big is the hair care market in the world?
This statistic depicts the estimated size of the global hair care market from 2012 to 2025. In 2018, the global hair care market is estimated to be worth about 87.9 billion U.S. dollars. Hair Care.
What are the segments of the hair care market?
Moreover, rising hair-related problems coupled with technological innovation in product manufacturing, and growing need for natural products are projected to further enhance the market growth. On the basis of products, the market is segmented into shampoo, color, conditioner, styling products, and oil.
Who are the leaders in the hair care industry?
The industry leaders include L’Oreal, Henkel, and Procter & Gamble. The key players are actively focusing on gaining larger market shares, through constant innovation in products and investments in R&D, for the development of niche products. Considering the above-mentioned factors, the competitive rivalry in the industry is assessed to be high.
Is the hair care industry in developing economies?
In the coming years as well, this trend is projected to continue, especially as millions of consumers in developing economies are now becoming conscious about styling their hair, coloring grey hair, and maintaining a healthy scalp. You need a Single Account for unlimited access. Add this content to your personal favorites.