Luxury Hair Care Products Global Market Report 2024

Description

“Luxury Hair Care Products Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on luxury hair care products market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for luxury hair care products? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The luxury hair care products market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Shampoos; Conditioners; Hair Coloring Products; Hair Styling Products; Hair Oil; Other Product Types
2) By Distribution Channel: Supermarkets and Hypermarkets; Departmental Stores; Specialty Stores; E-commerce; Other Distribution Channels
Companies Mentioned: L'Oreal S. A.; The Estee Lauder Companies inc.; Seven LLC; Alcora Corporation; Kao Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Luxury hair care refers to high-end hair care products that are marketed and sold at a premium price point to consumers. These products typically contain highly concentrated and premium ingredients compared to regular or generic brands. Luxury hair care items are sought after by individuals who prioritize the overall health and quality of their hair.

The main types encompassed in the luxury hair care market include shampoos, conditioners, hair coloring products, hair styling products, hair oil, and other related product types. Shampoo is a cleansing product specifically designed for washing the hair. Luxury hair care products are distributed through various channels, including supermarkets and hypermarkets, departmental stores, specialty stores, e-commerce platforms, and other distribution channels.

The luxury hair care market research report is one of a series of new reports from The Business Research Company that provides overnight luxury hair care market statistics, including luxury hair care industry global market size, regional shares, competitors with an luxury hair care market share, detailed luxury hair care market segments, market trends and opportunities, and any further data you may need to thrive in the luxury hair care industry. This luxury hair care market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The luxury hair care products market size has grown strongly in recent years. It will grow from $22. 47 billion in 2023 to $24. 34 billion in 2024 at a compound annual growth rate (CAGR) of 8. 3%. The growth observed during the historic period in the luxury hair care market can be attributed to factors such as increased consumer awareness, income levels, celebrity endorsements, and effective distribution channels.

The luxury hair care products market size is expected to see strong growth in the next few years. It will grow to $32. 91 billion in 2028 at a compound annual growth rate (CAGR) of 7. 8%. The anticipated growth in the forecast period in the luxury hair care market can be attributed to factors such as the increasing consciousness about beauty, the expansion of the global market, and the growing trend towards eco-friendly products. Major trends expected in the forecast period include a focus on customization and personalization, innovation in product development, integration of technology in hair care solutions, the emergence of health-driven products, and a shift towards clean beauty.

The anticipated growth of the luxury hair care market is driven by the increasing penetration of e-commerce platforms. E-commerce retail involves the online purchase of goods and the digital execution of transactions, providing a convenient avenue for luxury hair care market transactions. This platform facilitates seamless transactions, direct sales to customers, and the delivery of products to their homes. For example, a report by the US-based International Trade Administration in September 2022 revealed that consumer e-commerce now constitutes 30% of the UK's overall retail sector, with an annual revenue exceeding $120 billion. In 2021, 82% of people in the UK engaged in at least one online purchase. Hence, the growing influence of e-commerce platforms is expected to drive demand for luxury hair care products in the forecast period.

The increasing personal disposable income is set to elevate the demand for luxury hair care products. Personal disposable income, representing the amount available for personal spending and saving after deductions, plays a crucial role as consumers allocate a portion of it to indulge in quality grooming with luxury hair care products. A report by the US Department of Commerce's Bureau of Economic Analysis in October 2023 indicated a monthly increase of $77. 8 billion in personal income in September 2023 compared to August 2023. This rise signifies a 0. 3% monthly increase. Consequently, the surge in personal disposable income is propelling the growth of the luxury hair care products market.

A prominent trend in the luxury hair care market is product innovation, with companies actively seeking new formulations to enhance their market position. For instance, Medimix, an India-based cosmetic products manufacturer, introduced the organic total care shampoo in its hair care portfolio in May 2022. This shampoo, enriched with wheat protein and nine natural herbs, offers benefits such as minimizing hair loss, anti-dandruff properties, and effective conditioning.

Major players in the luxury hair care market are concentrating on the development of vibrant and long-lasting hair colors to maintain a competitive advantage. Vibrant and long-lasting hair colors are characterized by rich, intense hues that retain their brilliance over an extended period, requiring minimal fading or touch-ups. John Paul Mitchell Systems, a US-based manufacturer of hair care products, unveiled the Colorways collection in September 2023. This professional product line enhances the depth, dimension, and shine of hair while ensuring vibrant and enduring color, promoting overall hair health.

In December 2021, Procter and Gamble, a US-based consumer goods corporation in the luxury hair care market, completed the acquisition of Ouai Holding, LLC. This strategic move aims to expand Procter and Gamble's product offerings, especially in catering to Gen Z and Millennials who are drawn to Ouai's modern premium offerings. Ouai Haircare, a US-based lifestyle brand specializing in hair and body products, operates in the luxury hair care sector.

Major companies operating in the in the luxury hair care products market report are L'Oreal S. A., The Estee Lauder Companies inc., Seven LLC, Alcora Corporation, Kao Corporation, KOSE Corporation, Shiseido Company Limited, Johnson & Johnson Inc., Unilever plc, Jose Eber Hair, Oribe Hair Care LLC, Rahua (Amazon Beauty Inc. ), Aesop, The Procter & Gamble Company, CFEB Sisley, Olaplex Inc., Philip B. Botanicals, Estee Lauder Inc., Shiseido Company Limited, Aveda corporation, Bumble and bumble Products LLC, Christophe Robin, Leonor Greyl, Sachajuan Haircare, Amika, Ouai Haircare, John Paul Mitchell Systems, Revlon Consumer Products Corporation, Schwarzkopf Professional, Wella AG

Asia-Pacific was the largest region in the luxury hair care market in 2023. The regions covered in the luxury hair care products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the luxury hair care products market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The luxury hair care market consists of sales of hair serum, hair wax, hair mousse, heat protectant spray, sea salt spray and curl enhancing cream. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10447

1. Executive Summary

2. Luxury Hair Care Products Market Characteristics

3. Luxury Hair Care Products Market Trends And Strategies

4. Luxury Hair Care Products Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Luxury Hair Care Products Market Size and Growth

5.1. Global Luxury Hair Care Products Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Luxury Hair Care Products Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Luxury Hair Care Products Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Luxury Hair Care Products Market Segmentation

6.1. Global Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Shampoos
Conditioners
Hair Coloring Products
Hair Styling Products
Hair Oil
Other Product Types
6.2. Global Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Supermarkets and Hypermarkets
Departmental Stores
Specialty Stores
E-commerce
Other Distribution Channels

7. Luxury Hair Care Products Market Regional And Country Analysis

7.1. Global Luxury Hair Care Products Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Luxury Hair Care Products Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Luxury Hair Care Products Market

8.1. Asia-Pacific Luxury Hair Care Products Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Luxury Hair Care Products Market

9.1. China Luxury Hair Care Products Market Overview
9.2. China Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Luxury Hair Care Products Market

10.1. India Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Luxury Hair Care Products Market

11.1. Japan Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Luxury Hair Care Products Market

12.1. Australia Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Luxury Hair Care Products Market

13.1. Indonesia Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Luxury Hair Care Products Market

14.1. South Korea Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Luxury Hair Care Products Market

15.1. Western Europe Luxury Hair Care Products Market Overview
15.2. Western Europe Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Luxury Hair Care Products Market

16.1. UK Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Luxury Hair Care Products Market

17.1. Germany Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Luxury Hair Care Products Market

18. 1. France Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 2. France Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Luxury Hair Care Products Market

19. 1. Italy Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. 2. Italy Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Luxury Hair Care Products Market

20.1. Spain Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Luxury Hair Care Products Market

21.1. Eastern Europe Luxury Hair Care Products Market Overview
21.2. Eastern Europe Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Luxury Hair Care Products Market

22.1. Russia Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Luxury Hair Care Products Market

23.1. North America Luxury Hair Care Products Market Overview
23.2. North America Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Luxury Hair Care Products Market

24.1. USA Luxury Hair Care Products Market Overview
24.2. USA Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Luxury Hair Care Products Market

25.1. Canada Luxury Hair Care Products Market Overview
25.2. Canada Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Luxury Hair Care Products Market

26.1. South America Luxury Hair Care Products Market Overview
26.2. South America Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Luxury Hair Care Products Market

27.1. Brazil Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Luxury Hair Care Products Market

28.1. Middle East Luxury Hair Care Products Market Overview
28.2. Middle East Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Luxury Hair Care Products Market

29.1. Africa Luxury Hair Care Products Market Overview
29.2. Africa Luxury Hair Care Products Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Luxury Hair Care Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Luxury Hair Care Products Market Competitive Landscape And Company Profiles

30.1. Luxury Hair Care Products Market Competitive Landscape
30.2. Luxury Hair Care Products Market Company Profiles
- 30.2.1. L'Oreal S. A.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. The Estee Lauder Companies inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Seven LLC
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Alcora Corporation
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Kao Corporation
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Luxury Hair Care Products Market Competitive Benchmarking

32. Global Luxury Hair Care Products Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Luxury Hair Care Products Market

34. Luxury Hair Care Products Market Future Outlook and Potential Analysis

34.1 Luxury Hair Care Products Market In 2028 - Countries Offering Most New Opportunities
34.2 Luxury Hair Care Products Market In 2028 - Segments Offering Most New Opportunities
34. 3 Luxury Hair Care Products Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer