Hair Styling Products Market is expected to grow by $22.4 Billion during 2022-2028, accelerating at a CAGR of 6.8% during the forecast period
The global Hair Styling Products market thrives on increasing consumer demand for innovative hair care solutions, emphasizing natural ingredients, sustainability, and advanced formulations.
According to TechSci
Research's report, "Global Hair
Styling Products Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028," the market reached USD 22.4
Billion in 2022 and is projected to grow at a CAGR of 6.8% from 2024 to 2028.
Shifting consumer preferences towards sustainability, natural formulations, and
technological advancements drive the market. Trends include customization for
diverse hair types, clean beauty, technology integration, and gender-inclusive
products. Challenges include regulatory compliance, sustainability, market
competition, and adapting to consumer preferences. The commercial segment grows
in significance, with Europe emerging as a thriving market. E-commerce and
direct-to-consumer strategies reshape the industry.
Consumer preferences drive the
market, with a focus on personal grooming and individual expression. Demand for
diverse styling solutions reflects a surge in demand for products catering to
various hair types and styling needs.
Growing consumer consciousness
towards sustainability leads to a demand for eco-conscious formulations. Brands
respond by incorporating natural ingredients and environmentally friendly
packaging, reflecting a commitment to responsible practices.
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Technological advancements
drive innovation in hair styling products, with the integration of advanced
technologies like heat-activated formulations and smart styling tools. This
convergence of beauty and technology meets consumer expectations and spurs further
market innovations.
Cultural diversity and global
beauty trends shape the market, with different regions having unique hair care
traditions. Social media's influence spreads fashion trends globally, creating
demand for products catering to diverse cultural preferences.
E-commerce transforms
distribution, providing convenience and broadening product reach. Online
platforms offer easy access to a variety of products, accelerating product
adoption and trend dissemination.
The commercial segment gains
importance as salon services evolve. Professionals demand specialized,
high-quality products, driving innovation and collaboration between
manufacturers and hairstylists.
The online segment emerges as
a pivotal force, driven by changing consumer habits. E-commerce offers
convenience and fosters product discovery, enabling brands to engage directly
with consumers and expand market reach.
Major companies operating in
Global Hair Styling Products Market are:
- Henkel AG & Co. KGaA
- Procter & Gamble Company
- L'Oréal S.A.
- Unilever PLC
- Mandom Corporation
- Amorepacific Corporation
- Shiseido Company, Limited
- Flora and Curl Ltd
- Coty Inc.
- Kao Corporation
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The global hair styling products market is driven by various factors, including
evolving consumer preferences, a demand for sustainable formulations,
technological innovations, cultural diversity, e-commerce, and the commercial
salon industry. These drivers shape the market's direction, reflecting an
inclusive industry that meets diverse needs while embracing sustainability,
technology, and professional services. Manufacturers adapting to these trends
are poised to capitalize on the market's growth and opportunities.
TechSci Research's report,
"Hair Styling Products Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Product Type (Hair Gels, Hair Sprays,
Styling Creams & Wax, Hair Mousse, Others), By End User (Residential, Commercial),
By Sales Channel (Supermarket/Hypermarket, Convenience Stores, Specialty
Stores, Online, Others), By Region, By Competition, 2018-2028," evaluates
the future growth potential of the Global Hair Styling Products Market. It
provides statistics, market size, structure, and future growth insights, aiming
to offer advanced market intelligence for informed investment decisions.
Additionally, the report identifies emerging trends, drivers, challenges, and
opportunities in the Global Hair Styling Products Market.
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