PUBLISHER: GlobalData | PRODUCT CODE: 1746750
PUBLISHER: GlobalData | PRODUCT CODE: 1746750
The global haircare sector was valued at $84.5 billion in 2024 and is expected to reach $99.7 billion in 2029, registering a compound annual growth rate (CAGR) of 3.4%. This growth is primarily driven by increasing consumer awareness regarding hair health, alongside the rising incidence of hair-related concerns such as hair loss. Shampoo was the largest category by value, accounting for a share of 41%, followed by conditioner with 21%. The top five companies in the global haircare sector accounted for a combined value share of 54.3% in 2024. L'Oreal was the leading company with a value share of 15.7%. In terms of packaging, rigid plastics dominated in 2024, accounting for a share of 60.4%. This preference is largely due to the material's durability, practicality, and cost-efficiency. In 2024, modern retail led the sector with a 48.1% share, fueled by the convenience offered by supermarkets, hypermarkets, and the growing influence of e-commerce platforms.
Provides an overview of current haircare scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers regional overview across five regions - Asia-Pacific, Middle East and Africa, Americas, Western Europe, and Eastern Europe - highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.
Consumers in the haircare sector are increasingly favoring products formulated with natural and plant-based ingredients, driven by growing concerns over the potential health risks associated with synthetic additives, such as parabens, sodium, and sulfates. In response, manufacturers are developing formulations that exclude these harmful substances to meet the rising demand for clean and safe haircare solutions. Additionally, stringent labeling regulations and heightened consumer preference for transparency require brands to provide clear, detailed information about ingredient sources, uses, concentrations, and allergen presence. Alongside ingredient safety, ecological awareness is shaping consumer choices, with a strong shift toward products featuring sustainable and eco-friendly packaging options such as refillable containers, biodegradable pouches, and materials like paper, glass, or wood.
This report brings together multiple data sources to provide a comprehensive overview of the global haircare sector, analyzing data from 108 countries. It includes analysis on the following -
sociodemographic factors, and technological infrastructure. Provides a deep-dive analysis of 10 high-potential countries covering value growth during 2024-29, consumer demographics, and key trends. It also includes regional analysis covering the outlook for each region.