Authored By: Sarah
27 May 2021

Professional Haircare Products Market Size to Grow by $ 4.63 bn During 2020-2024

Technavio has been monitoring the professional haircare products market and it is expected to grow by $ 4.63 bn, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Professional Haircare Products Market: APAC to lead market growth during the forecast period

  • 30% of the market growth will originate from APAC during the forecast period.
  • Expansion of the spa market will be a key trend that will influence market growth significantly.
  • The Introducing customized products will be a significant factor in driving the growth of the professional haircare products market.

Professional Haircare Products Market to Post Incremental Growth of $ 4.63 bn During 2020-2024 | Key Geographies that will Drive Growth

Professional Haircare Products Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Coty Inc., Henkel AG & Co. KGaA, Kao Corp., KOSÉ Corp., L'Oréal SA, Natura & Co., Shiseido Co. Ltd., The Estée Lauder Companies Inc., The Procter & Gamble Co., and and Unilever Group. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Professional Haircare Products Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive professional haircare products market growth during the next five years
  • Precise estimation of the professional haircare products market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the professional haircare products market industry across blank
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of professional haircare products market vendors
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