Market Research Report
Opportunities in the Global Haircare Sector: Analysis of Opportunities Offered by High Growth Economies
|Published by||GlobalData||Product code||756361|
|Published||Content info||147 Pages
Delivery time: 1-2 business days
|Opportunities in the Global Haircare Sector: Analysis of Opportunities Offered by High Growth Economies|
|Published: December 5, 2018||Content info: 147 Pages||
The Global Haircare sector was valued at US$71 billion in 2017; of which Americas was the leading region with a value share of 38.2% in 2017, whilst Asia-Pacific is forecast to record the fastest value CAGR of 7.5% during 2017-2022.
Falling global unemployment rate and the subsequent rise in disposable income levels are major factors influencing consumer spending on personal care. The projected global economic improvements, led by strong growth in Asia's developing economies, will drive growth in the hair care sector.
However, with consumers' rising concerns about sustainability and increasing pressure from animal welfare organizations to ban animal testing of personal care products, manufacturers face the challenges of seeking alternative testing methods and replacing conventional packaging materials with sustainable ones.
Furthermore, it can be noted that the global haircare sector is highly fragmented, with the top four brands - Pantene, Head & Shoulders, Dove, and Clear - accounting for a combined value share of 16.7% in 2017. Procter & Gamble emerged as the leading business, owning two of the top four brands in 2017.
The report "Opportunities in the Global Haircare Sector", brings together multiple data sources to provide a comprehensive overview of the global haircare sector as part of our global series. It includes an analysis on global haircare sector with consumption analysis highlighted for all regions. The report also identifies high potential countries by region that have been identified by creating a risk-reward analysis with multiple parameters.
The report provides an overview of global and regional markets covering - Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe - highlighting -