The Business Research Company’s report on the Luxury Hair Care Products Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the luxury hair care products market?
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 February 2024, according to the Census Bureau, a US-based government agency, in the fourth quarter of 2023, seasonally adjusted retail e-commerce sales reached $285.2 billion, reflecting a 0.8% increase from the previous quarter. Total retail sales for the same period were estimated at $1.83 trillion, marking a 0.4% rise from the third quarter. Compared to the fourth quarter of 2022, e-commerce sales grew by 7.5%, while total retail sales saw a 2.8% increase. Therefore, the growing penetration of e-commerce platforms is expected to boost demand for luxury hair care during the forecast period.
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How has the luxury hair care products market size evolved, and what are the latest forecasts for its expansion?
The luxury hair care products market size has grown strongly in recent years. It will grow from $23.87 billion in 2024 to $25.72 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. 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 $35.25 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. 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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Which major companies dominate the luxury hair care products market?
Major companies operating in the luxury hair care products market include L’Oreal S. A., The Estee Lauder Companies Inc., Seven LLC, Kao Corporation, KOSÉ Corporation, Shiseido Company Limited, 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, 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
What trends will shape the future of the low-code development platform market?
Product innovation is a key trend gaining popularity in the luxury hair care market. Many companies operating in the luxury hair care sector are looking for new product innovations to strengthen their position in the luxury hair care market. For instance, in May 2022, Medimix, an India-based manufacturer of cosmetic products including skin care and hair care, launched organic total care shampoo in its hair care portfolio. Medimix’s total care shampoo consists of wheat protein and other nine natural herbs such as tea tree oil, rosemary oil, neem, wild ginger, and others in a unique formula, which will help in minimizing hair loss, act as anti-dandruff, and conditioning hair.
Which region dominates the luxury hair care products market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the luxury hair care market in 2024. 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
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How is the luxury hair care products market segmented, and which segment holds the largest share?
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: Super markets and Hyper markets, Departmental Stores, Specialty Stores, E-commerce, Other Distribution Channels
Subsegments:
1) By Shampoos: Sulfate-Free Shampoos, Moisturizing Shampoos, Clarifying Shampoos, Color-Protecting Shampoos
2) By Conditioners: Leave-In Conditioners, Rinse-Out Conditioners, Deep Conditioners, Hair Masks
3) By Hair Coloring Products: Permanent Hair Color, Semi-Permanent Hair Color, Hair Highlights, Hair Bleach
4) By Hair Styling Products: Hair Gels, Hair Sprays, Mousse, Pomades And Waxes
5) By Hair Oil: Argan Oil, Coconut Oil, Jojoba Oil, Essential Oil Blends
6) By Other Product Types: Serums, Scalp Treatments, Hair Tools And Accessories, Hair Supplements
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How is the luxury hair care products market defined?
The luxury hair care refers to high-end hair care products that are sold at a premium price to the consumer. Luxury hair care products contain highly concentrated ingredients compared to regular or generic brands. Luxury hair care products are used by individuals for the overall health of the hair.
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