The luxury hair care products global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Luxury Hair Care Products Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 in the historic period can be attributed to consumer awareness, income levels, celebrity endorsements, 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 growth in the forecast period can be attributed to rising beauty consciousness, global market expansion, eco-friendly trends. Major trends in the forecast period include customization and personalization, innovation, tech integration, health-driven products, clean beauty.
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Scope Of Luxury Hair Care Products Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Luxury Hair Care Products Market Overview
Market Drivers –
Increasing penetration of e-commerce platforms is expected to propel the growth of the luxury hair care market going forward. The E-commerce retail market refers to buying of goods using the internet, and the transfer of money and data to execute these transactions. The E-commerce retail market helps the luxury hair care market with easy transactions, selling items and services directly to clients, and delivering products to the home. For instance, in September 2022, according to the International Trade Administration, a US-based Department of Commerce, Consumer e-commerce now makes up 30% of the UK’s overall retail sector (up from 20% in 2020), with an annual e-commerce revenue of more than $120 billion. In 2021, 82% of people in the UK will have made at least one online purchase. Therefore, the growing penetration of e-commerce platforms is expected to boost demand for luxury hair care during the forecast period.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The luxury hair care products market covered in this report is segmented –
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
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Regional Insights –
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
Key Companies –
Major companies operating in the luxury hair care products market report are L’Oreal S. A., The Estee Lauder Companies inc., Seven LLC, Alcora Corporation, Kao Corporation, KOSÉ 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
1. Executive Summary
2. Luxury Hair Care Products Market Report Structure
3. Luxury Hair Care Products Market Trends And Strategies
4. Luxury Hair Care Products Market – Macro Economic Scenario
5. Luxury Hair Care Products Market Size And Growth
…..
27. Luxury Hair Care Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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