Summary
- • The global hair care market size was valued at USD 75.33 billion in 2022
- • The hair care market is expected to grow at a CAGR of 6.6% from 2023 to 2030
- • Shampoo segment accounted for the largest revenue share of 30.9% in 2022
- • Hair oil segment is expected to witness the fastest growth rate of 7.1% from 2023 to 2030
- • L'Oréal S.A. held the largest market share of 17.6% in 2022
- • Asia Pacific dominated the market with a revenue share of 35.1% in 2022
- • The U.S. hair care market size was valued at USD 15.69 billion in 2022
- • The U.S. hair care market is expected to grow at a CAGR of 5.1% from 2023 to 2030
- • Shampoo segment held the largest revenue share of 28.5% in the U.S. market in 2022
- • Hair colorants segment is expected to witness the fastest growth in the U.S. market
- • Procter & Gamble Company held the largest market share in the U.S. in 2022
- • The global organic hair care market size was valued at USD 10.32 billion in 2021
- • The organic hair care market is projected to grow from USD 11.59 billion in 2022 to USD 22.54 billion by 2029
- • The organic hair care market is expected to grow at a CAGR of 10.0% from 2022 to 2029
- • Shampoos & conditioners segment accounted for 35.21% share in the organic hair care market in 2021
Are you ready to brush up on some hair-raising statistics in the world of hair care? Hold onto your hairdryers as we delve into the USD 75.33 billion global hair care market, where LOréal S.A. reigns supreme, while shampoo holds the crown in 2022. From the fastest-growing hair oil segment to the tress-transformative hair extensions market and the rise of organic hair care, the industry is a vibrant mix of style and substance. Join us as we explore the profitable strands of hair styling products, hair colorants, and hair loss treatments that weave together the colorful tapestry of this multi-billion-dollar industry. So grab your favorite hair serum and lets comb through the follicle fabulousness!
Market Growth
- The hair care market is expected to grow at a CAGR of 6.6% from 2023 to 2030
- The U.S. hair care market is expected to grow at a CAGR of 5.1% from 2023 to 2030
- The organic hair care market is projected to grow from USD 11.59 billion in 2022 to USD 22.54 billion by 2029
- The organic hair care market is expected to grow at a CAGR of 10.0% from 2022 to 2029
- The hair color market is projected to grow from USD 21.41 billion in 2022 to USD 37.86 billion by 2029
- The hair color market is expected to grow at a CAGR of 8.5% from 2022 to 2029
- The hair styling products market is projected to grow from USD 25.63 billion in 2022 to USD 37.60 billion by 2029
- The hair styling products market is expected to grow at a CAGR of 5.6% from 2022 to 2029
- The hair oils market is projected to grow from USD 5.12 billion in 2022 to USD 8.74 billion by 2029
- The hair oils market is expected to grow at a CAGR of 7.9% from 2022 to 2029
- The hair care appliances market is projected to grow from USD 25.91 billion in 2022 to USD 41.97 billion by 2029
- The hair care appliances market is expected to grow at a CAGR of 7.1% from 2022 to 2029
- The professional hair care market is projected to reach USD 32.83 billion by 2030
- The professional hair care market is expected to grow at a CAGR of 4.26% from 2023 to 2030
- The hair extensions market is expected to expand at a CAGR of 5.3% from 2022 to 2030
- The hair loss treatment market is expected to expand at a CAGR of 8.1% from 2022 to 2030
- The dry shampoo market is expected to expand at a CAGR of 6.3% from 2022 to 2030
- The hair brush market is expected to expand at a CAGR of 7.1% from 2022 to 2030
- The hair serum market is expected to expand at a CAGR of 6.2% from 2022 to 2030
Interpretation
The hair care market is going to be the mane attraction in the coming years, with trends pointing towards flourishing growth across various segments. From organic hair care products sprouting in popularity like well-nourished plants to the hair color market dye-ing for expansion, it's clear that the allure of luscious locks is driving consumer interest and industry innovation. Whether you're brushing up on the latest trends in hair styling products or investing in professional hair care services, the future looks bright for those in the business of taming tresses. So, grab your combs and curling irons, because it seems like the hair care industry is set to have a hair-raising success story to tell in the years to come!
Market Players
- L'Oréal S.A. held the largest market share of 17.6% in 2022
- Procter & Gamble Company held the largest market share in the U.S. in 2022
Interpretation
In the ever-evolving world of hair care, it seems that L'Oréal S.A. is painting the global market with its vibrant hues, holding a commanding 17.6% share in 2022. However, across the pond, the Procter & Gamble Company is combing through the competition to seize the top spot in the United States. With each company's unique approach to innovation and consumer engagement, it's clear that the battle for hair supremacy is a cutthroat affair, where every strand counts towards capturing the hearts - and scalps - of customers worldwide.
Market Size
- The global hair care market size was valued at USD 75.33 billion in 2022
- The U.S. hair care market size was valued at USD 15.69 billion in 2022
- The global organic hair care market size was valued at USD 10.32 billion in 2021
- The global hair color market size was valued at USD 19.89 billion in 2021
- The global hair styling products market size was valued at USD 24.47 billion in 2021
- The global hair oils market size was valued at USD 4.76 billion in 2021
- The global hair care appliances market size was valued at USD 23.98 billion in 2021
- The global professional hair care market size was valued at USD 23.51 billion in 2022
- The global hair extensions market size was valued at USD 2.38 billion in 2021
- The global hair loss treatment market size was valued at USD 8.1 billion in 2021
- The global dry shampoo market size was valued at USD 4.11 billion in 2021
- The global hair brush market size was valued at USD 3.7 billion in 2021
- The global hair serum market size was valued at USD 1.78 billion in 2021
Interpretation
With hair care markets booming left, right, and center, one thing is for sure - the world's obsession with tresses shows no sign of slowing down. From organic enthusiasts to color fanatics and styling aficionados, the hair care industry is bustling with billions. With a market size larger than the GDP of some countries, it's clear that investing in our locks is a global priority. So whether you're brushing, blow-drying, or extending, the hair care market is not just about looking good - it's serious business worth billions.
Product Segments
- Shampoo segment accounted for the largest revenue share of 30.9% in 2022
- Hair oil segment is expected to witness the fastest growth rate of 7.1% from 2023 to 2030
- Shampoo segment held the largest revenue share of 28.5% in the U.S. market in 2022
- Hair colorants segment is expected to witness the fastest growth in the U.S. market
- Shampoos & conditioners segment accounted for 35.21% share in the organic hair care market in 2021
- Permanent hair color segment held the largest market share of 54.23% in 2021
- Hair gel segment accounted for 28.54% share in the hair styling products market in 2021
- Light oils segment held the largest market share of 55.26% in 2021
- Hair dryers segment accounted for 31.25% share in the hair care appliances market in 2021
- Hair coloring products segment held the largest market share in the professional hair care market in 2022
- Human hair extensions segment accounted for the largest revenue share of 51.4% in 2021
- Clip-in hair extensions segment is expected to witness the fastest CAGR of 5.7% from 2022 to 2030
- Minoxidil segment accounted for the largest revenue share of 32.3% in the hair loss treatment market in 2021
- Hair transplantation segment is expected to witness the fastest CAGR of 12.7% from 2022 to 2030
- Spray form segment accounted for the largest revenue share of 78.2% in the dry shampoo market in 2021
- Powder form segment is expected to witness the fastest CAGR of 6.8% from 2022 to 2030
- Paddle brush segment accounted for the largest revenue share of 35.2% in the hair brush market in 2021
- Detangling brush segment is expected to witness the fastest CAGR of 7.8% from 2022 to 2030
- Hair shine serum segment accounted for the largest revenue share of 38.6% in 2021
- Hair growth serum segment is expected to witness the fastest CAGR of 6.8% from 2022 to 2030
Interpretation
In the ever-evolving world of hair care market statistics, it seems that the battle of the strands continues unabated. From the stalwart Shampoo segment's perennial dominance to the rising star Hair oil segment's speedy ascent, each category vies for its piece of the haircare pie. Meanwhile, in the U.S., where hair is a serious business, from Hair colorants to Hair styling products, innovation and market share are the key players. Whether it's the allure of organic ingredients in Shampoos & conditioners or the transformative power of Hair coloring products, consumers are spoilt for choice. So whether you're pining for luscious locks with Human hair extensions or seeking solace in the battle against hair loss with Minoxidil, rest assured that the world of hair care is a colorful, voluminous, and ever-growing landscape.
Regional Analysis
- Asia Pacific dominated the market with a revenue share of 35.1% in 2022
- North America dominated the organic hair care market with a 35.40% share in 2021
- Europe dominated the hair color market with a 33.70% share in 2021
- Europe held the highest market share of 35.40% in the hair styling products market in 2021
- Asia Pacific dominated the hair oils market with a 38.40% share in 2021
- Asia Pacific held the highest market share of 34.60% in the hair care appliances market in 2021
- Europe dominated the professional hair care market with the largest market share in 2022
- North America dominated the hair extensions market with a revenue share of 35.2% in 2021
- North America dominated the hair loss treatment market with a revenue share of 37.3% in 2021
- North America dominated the dry shampoo market with a revenue share of 35.6% in 2021
- Asia Pacific dominated the hair brush market with a revenue share of 34.7% in 2021
- Asia Pacific dominated the hair serum market with a revenue share of 35.4% in 2021
Interpretation
In a world where statistics weave the narrative of hair care dominance, it seems that Asia Pacific, North America, and Europe are locked in a fierce battle for hair supremacy. From taming locks with oils and brushes to coloring, styling, and even combating hair loss, these regions are not just fighting gravity but also each other for the crown of hair care conquest. With North America reigning over hair extensions and Europe reigning supreme in professional care, one thing is clear – the global hair care arena is a battleground where trends, products, and markets collide in a stylish showdown. So, whether you're in the market for a hair-serum-soaked victory or a dry shampoo triumph, the world of hair care is one where competition is as fierce as a bad hair day.
