Latest News- Hair Products Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

The Hair Products Market is being driven by Increasing hair-related issues

The Hair Products Market is expected to grow at a CAGR of 3.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 15290.3 million. The increasing consciousness regarding the adverse effects of synthetic hair products on hair and skin health has fueled the market demand for natural and organic alternatives. Synthetic hair care and styling products can lead to various issues such as skin irritation, allergies, nerve damage, chemical burns, blisters on the scalp, hair breakage, and even some forms of cancer. In contrast, organic hair products are formulated using natural and organic ingredients, including plant extracts, essential oils, and other natural components. These natural ingredients, such as aloe vera, sea salt, charcoal, coconut oil, argan oil, and moringa oil, offer numerous benefits without causing harm to the hair or skin. Organic hair care is not only beneficial for individual consumers but also for the environment, as it promotes sustainable and eco-friendly practices. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Product
  • Hair care products
  • Hair styling products
• Geography
  • Europe
    • Germany
    • UK
  • APAC
    • China
  • North America
    • US
    • Canada
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing hair-related issues
• Innovation and portfolio extension leading to product premiumization
• Evolving fashion trends in hair styling

However, the market also witnesses some limitations, which are as follows:

• Availability of counterfeit products
• Regulatory compliances for product composition, labeling, and packaging
• Changing consumer preferences

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Market Scope in Hair Products Market Research Report

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Research Analysis Overview

The Hair Products Market encompasses a wide range of offerings, from high-end botanical and plant-inspired ingredients to active chemicals and aluminum compounds. Natural products, infused with aromas derived from nature, have gained significant popularity due to their potential benefits for hair health and nourishment. These include lotions, creams, gels, liquids, serums, oils, and conditioners, all designed to address various hair issues. However, not all hair care products are created equal. Some contain parabens and other chemicals, which may raise concerns for some consumers. These can be found in drug stores, pharmacies, and convenience stores, alongside perm and relaxant solutions, hair styling products, and hair colorants. Organic products, free from synthetic ingredients, offer an alternative for those seeking a more natural approach. Overall, the hair care market caters to diverse needs and preferences, providing a vast array of options for consumers.

Market Research Overview

The global personal care products market encompasses the production and R&D sectors of various items under the household and personal care category. This market span includes cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses, among others. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers. Factors driving growth in this sector include the positive correlation between disposable income and discretionary spending, which encompasses expenditures on luxury and lifestyle-related products.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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