Market Research Report
Global Haircare Market Research Report - Forecast to 2023
|Published by||Market Research Future||Product code||653365|
|Published||Content info||136 Pages
|Global Haircare Market Research Report - Forecast to 2023|
|Published: May 16, 2018||Content info: 136 Pages||
In the global haircare market, a large number of products are available to address the growing demands for hair problems of including hair and scalp treatment. In the recent years, the global market for hair care witnessed a huge growth. This can be attributed to the increasing cosmetic expenditures, rising prevalence of hair related diseases, expanding hair and beauty industry, and strong marketing strategies by the players. However, increasing susceptibility to diseases such as cancer and asthma by the use of hair care products is estimated to restraint the market growth during the forecast period.
Further, the formulation of many hair care products is inclusive of various chemicals such as sodium lauryl sulfate, diethanolamine, peroxide, and others. The potential ill effect of these chemicals on health arises from itching to possible risks of asthma, cancer, and others. In the presence of such risks factors, the hair care market is witnessing increasing demands for the Ayurveda products. Following the same course, a number of market players are incorporating natural composites in the hair care products. Additionally, to fulfill such increasing demands, new market players like Patanjali Ayurveda have entered the market with the product lines including ayurvedic shampoos, hair oils, and others. According to the Indian Brand Equity Foundation, the penetration of Ayurvedic hair, oil penetration was estimated to be about 8.0% in 2017.
The global hair care market is expected to grow at a CAGR of 3.40% during the forecast period.
The key players for the global Hair Care market are, Unilever, L'OREAL, Shandong Baisheng Biotechnology Co., Ltd, OLVEA Group, Oriflame Cosmetics AG, REVLON Inc, Shiseido Company, Limited, Henkel Corporations (Schwarzkopf Professional), Kao Corporation, Amway, Johnson & Johnson Services, Inc., and Procter & Gamble Co.
the demand for hair care products 24