Global Professional Hair Care Market Is Estimated To Witness High Growth Owing To Growing Demand for Natural and Sustainable Products

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Global Professional Hair Care Market Is Estimated
To Witness High Growth Owing To Growing Demand
for Natural and Sustainable Products
The global professional hair care market is
estimated to be valued at US 19.3 Bn in 2020 and
is expected to exhibit a CAGR of 5.3 over the
forecast period (2021-2028), as highlighted in a
new report published by Coherent Market
Insights. Market Overview The professional
hair care market includes a wide range of
products and services that are specifically
designed for hair care professionals and salons.
These products offer several advantages such as
advanced hair care formulations,
professional-grade ingredients, and long-lasting
results. The need for these products is driven
by the increasing demand for personalized and
professional hair care solutions. Consumers are
willing to invest in high-quality hair care
products that are tailored to their specific
needs, ensuring healthy and lustrous hair.
Market key trends One key trend in the
professional hair care market is the growing
demand for natural and sustainable products.
Consumers are becoming more conscious about the
ingredients used in their hair care products,
leading to a shift towards natural and organic
formulations. This trend is driven by the
increasing awareness about the harmful effects of
chemicals and synthetic ingredients on hair
health. For instance, companies like Fable
Mane, Aveda Corporation, and Unilever Corporation
have introduced natural and sustainable hair
care products that are free from harsh chemicals
and are environment-friendly. The use of
botanical extracts, essential oils, and
plant-based ingredients provides nourishment and
improves the overall health of the hair. PEST
Analysis Political The professional hair care
market is influenced by political factors such as
government regulations and trade policies. For
instance, import/export regulations can impact
the availability of certain ingredients or
finished products in different regions.
Economic The economic factors like disposable
income, consumer spending patterns, and GDP
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growth influence the purchasing power of
consumers and their willingness to invest in
professional hair care products and services.
Social The social factors like changing beauty
trends, cultural preferences, and social media
influence play a significant role in shaping
consumer behavior and their choices in the
professional hair care market. Technological
The technological advancements in the hair care
industry, such as the development of advanced
formulations, innovative ingredients, and
devices, drive the growth of the professional
hair care market. For instance, the introduction
of hair straighteners, curling irons, and hair
dryers with advanced features and damage control
technologies enhance the salon experience and
improve the overall outcomes. Key Takeaways -
The global Professional Hair Care Market is
expected to witness high growth, exhibiting a
CAGR of 5.3 over the forecast period, due to
the increasing demand for personalized and
professional hair care solutions. - North
America is expected to dominate the professional
hair care market, driven by the presence of key
players and a high awareness about hair care
products among consumers. - The key players
operating in the global professional hair care
market include Fable Mane, Henkel AG, Procter
Gamble Co., Unilever Corporation, Kao
Corporation, Aveda Corporation, Avon Products
Inc., L'Oreal S.A., Revlon, Inc., Johnson
Johnson, Natura Co., and Coty Inc. These
players are focusing on product innovation,
partnerships, and acquisitions to gain a
competitive edge in the market. In conclusion,
the global professional hair care market is
witnessing significant growth due to the
increasing demand for natural and sustainable
products. Consumers' growing preference for
personalized hair care solutions has created
opportunities for key players to introduce
advanced formulations and innovative products.
With the rise of social media and evolving beauty
trends, the professional hair care market is
expected to continue its growth trajectory in the
coming years.