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 colorants segment is expected to witness the fastest CAGR of 7.1% from 2023 to 2030
- • L'Oréal S.A. held the largest market share of 16.3% in 2022
- • Procter & Gamble Co. was the second-largest player with a market share of 11.8% in 2022
- • Asia Pacific dominated the market with a revenue share of 35.2% in 2022
- • North America accounted for the second-largest revenue share of 25.6% 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
- • Organic hair care products market is projected to reach USD 6.7 billion by 2027
- • The global hair color market size was valued at USD 19.57 billion in 2021
- • The hair color market is projected to grow from USD 20.63 billion in 2022 to USD 31.47 billion by 2029
- • The global hair styling products market size was valued at USD 24.09 billion in 2021
- • The hair styling products market is projected to grow from USD 25.13 billion in 2022 to USD 37.60 billion by 2029
Beware, world! The hair care industry is growing at a rate that might just give Rapunzel a run for her money. With global hair care market statistics showing a valuation of USD 75.33 billion in 2022 and projected to soar even higher with a CAGR of 6.6% from 2023 to 2030, it seems like shampoo and hair colorants are the new gold and silver of the beauty realm. LOréal S.A. and Procter & Gamble Co. are playing tug-of-war in the market share race, while Asia Pacific struts its stuff with a revenue dominance poised to make everyone elses hair stand on end. Buckle up your seatbelts, folks, because this hair-raising journey through the stats is about to blow your curlers off!
Market Leaders
- L'Oréal S.A. held the largest market share of 16.3% in 2022
- Procter & Gamble Co. was the second-largest player with a market share of 11.8% in 2022
Interpretation
In the ever-evolving world of hair care products, L'Oréal S.A.'s crown is secure as the reigning champion with a market share of 16.3% in 2022, proving that they truly reign supreme in the tresses game. However, don't underestimate the challenger, Procter & Gamble Co., holding strong as the second-largest player with an 11.8% market share. It seems the battle for beautiful locks is fiercer than ever, with these industry titans facing off like shampoo-wielding gladiators in the arena of commerce. Let the mane games begin!
Market Size and Growth
- 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
- 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
- The global professional hair care market size was valued at USD 18.78 billion in 2021
- The professional hair care market is projected to grow from USD 19.79 billion in 2022 to USD 28.51 billion by 2029
Interpretation
In a world where bad hair days are as dreaded as Mondays, the booming hair care industry shines bright like a freshly conditioned mane. With global hair care market size reaching a staggering USD 75.33 billion in 2022 and poised to sprout at a CAGR of 6.6% by 2030, it seems we are collectively investing more in our tresses than our retirement funds. The U.S. alone flaunts a hair care market valued at USD 15.69 billion in 2022, growing at a steady 5.1% clip towards the end of the decade – proving that in the land of the free, hair maintenance is a serious business. And let's not forget the professionals, commanding a cool USD 18.78 billion in 2021, with an anticipated makeover to a dazzling USD 28.51 billion by 2029. It appears that looking fabulous isn't just a trend, it's a thriving industry.
Product Segments
- Shampoo segment accounted for the largest revenue share of 30.9% in 2022
- Hair colorants segment is expected to witness the fastest CAGR of 7.1% from 2023 to 2030
- The global hair color market size was valued at USD 19.57 billion in 2021
- The hair color market is projected to grow from USD 20.63 billion in 2022 to USD 31.47 billion by 2029
- The global hair styling products market size was valued at USD 24.09 billion in 2021
- The hair styling products market is projected to grow from USD 25.13 billion in 2022 to USD 37.60 billion by 2029
- The global shampoo market size was valued at USD 29.63 billion in 2021
- The shampoo market is projected to grow from USD 30.89 billion in 2022 to USD 41.12 billion by 2029
- The global hair oils market size was valued at USD 4.76 billion in 2021
- The hair oils market is projected to grow from USD 5.01 billion in 2022 to USD 7.73 billion by 2029
- The global hair brush market size was valued at USD 3.69 billion in 2021
- The hair brush market is projected to grow from USD 3.88 billion in 2022 to USD 5.71 billion by 2029
- The global hair serum market size was valued at USD 1.78 billion in 2021
- The hair serum market is projected to grow from USD 1.89 billion in 2022 to USD 2.95 billion by 2029
- The global hair mask market size was valued at USD 597.7 million in 2021
- The hair mask market is projected to grow from USD 636.5 million in 2022 to USD 1,012.5 million by 2029
- The global hair spray market size was valued at USD 3.78 billion in 2021
- The hair spray market is projected to grow from USD 3.98 billion in 2022 to USD 5.67 billion by 2029
- The global hair gel market size was valued at USD 2.25 billion in 2021
- The hair gel market is projected to grow from USD 2.37 billion in 2022 to USD 3.38 billion by 2029
- The global hair mousse market size was valued at USD 1.12 billion in 2021
- The hair mousse market is projected to grow from USD 1.18 billion in 2022 to USD 1.68 billion by 2029
- The global hair wax market size was valued at USD 789.6 million in 2021
- The hair wax market is projected to grow from USD 832.1 million in 2022 to USD 1,185.7 million by 2029
- The global hair conditioner market size was valued at USD 11.97 billion in 2021
- The hair conditioner market is projected to grow from USD 12.57 billion in 2022 to USD 17.91 billion by 2029
- The global hair removal products market size was valued at USD 3.88 billion in 2021
- The hair removal products market is projected to grow from USD 4.09 billion in 2022 to USD 5.94 billion by 2029
- The global hair dryer market size was valued at USD 8.21 billion in 2021
- The hair dryer market is projected to grow from USD 8.65 billion in 2022 to USD 12.52 billion by 2029
- The global hair straightener market size was valued at USD 3.45 billion in 2021
- The hair straightener market is projected to grow from USD 3.64 billion in 2022 to USD 5.27 billion by 2029
- The global hair curler market size was valued at USD 2.89 billion in 2021
- The hair curler market is projected to grow from USD 3.05 billion in 2022 to USD 4.41 billion by 2029
- The global hair scissors market size was valued at USD 2.67 billion in 2021
- The hair scissors market is projected to grow from USD 2.81 billion in 2022 to USD 4.07 billion by 2029
- The global hair clippers market size was valued at USD 3.12 billion in 2021
- The hair clippers market is projected to grow from USD 3.29 billion in 2022 to USD 4.76 billion by 2029
- The global hair dye market size was valued at USD 19.57 billion in 2021
- The hair dye market is projected to grow from USD 20.63 billion in 2022 to USD 31.47 billion by 2029
- The global hair accessories market size was valued at USD 17.93 billion in 2021
- The hair accessories market is projected to grow from USD 18.89 billion in 2022 to USD 27.13 billion by 2029
- The global hair care appliances market size was valued at USD 23.45 billion in 2021
- The hair care appliances market is projected to grow from USD 24.71 billion in 2022 to USD 35.63 billion by 2029
Interpretation
In a world where hair care products reign supreme, it seems the hair industry is not just about keeping those locks looking luscious, but also about booming business. With statistics showing that shampoo holds the crown for the largest revenue share, closely followed by the ever-transforming hair colorants segment with its eye-catching growth rate, it's clear that our obsession with hair goes beyond just a simple wash. From hair oils to hair masks, hair brushes to hair straighteners, the world of hair care encompasses a vast array of products catering to our every hair whim. So, whether you're a shampoo loyalist or a hair styling aficionado, it's safe to say that the hair care industry is always one step ahead in making sure we have the tools to tame our tresses and express our individuality in the most stylish of ways.
Product Trends
- Organic hair care products market is projected to reach USD 6.7 billion by 2027
- The global dry shampoo market size was valued at USD 4.11 billion in 2021
- The dry shampoo market is projected to grow from USD 4.41 billion in 2022 to USD 6.93 billion by 2029
- The global hair extensions market size was valued at USD 2.35 billion in 2021
- The hair extensions market is projected to grow from USD 2.54 billion in 2022 to USD 4.03 billion by 2029
- The global hair loss treatment market size was valued at USD 8.35 billion in 2021
- The hair loss treatment market is projected to grow from USD 8.89 billion in 2022 to USD 14.23 billion by 2029
- The global hair extensions market size was valued at USD 2.35 billion in 2021
- The hair extensions market is projected to grow from USD 2.54 billion in 2022 to USD 4.03 billion by 2029
- The global organic hair care market size was valued at USD 9.41 billion in 2021
- The organic hair care market is projected to grow from USD 9.93 billion in 2022 to USD 14.32 billion by 2029
Interpretation
In a world where our hair is undoubtedly our crowning glory, it seems the hair care industry is poised for a majestic reign over our wallets. With organic products leading the charge like noble steeds charging into battle, projected to reach a staggering USD 6.7 billion stronghold by 2027, it's clear that consumers are increasingly opting for nature's touch. But let's not forget the valiant dry shampoo market, already a USD 4.11 billion fortress in 2021, set to fortify to USD 6.93 billion by 2029, proving that convenience is a knight in shining armor for the modern urban warrior. And as we dive into the enchanting world of hair extensions and potions for hair loss woes, the numbers paint a picture of a quest for beauty that knows no bounds. So, whether you're fighting the good fight against hair loss or simply seeking to enhance your locks with extensions fit for a queen, it's clear that the hair care industry is a battlefield where innovation and beauty collide in a grand tapestry of growth and transformation.
Regional Market
- Asia Pacific dominated the market with a revenue share of 35.2% in 2022
- North America accounted for the second-largest revenue share of 25.6% in 2022
Interpretation
In the cutthroat world of hair care products, it seems the beauty battle lines have been drawn between the flowing locks of Asia Pacific and the sleek coiffs of North America. With Asia Pacific reigning supreme with a head-turning revenue share of 35.2%, North America is nipping at their heels with a respectable 25.6% stake in the mane game. From Tokyo to Toronto, it's clear that these regions are locked in a follicle tug-of-war for dominance in the haircare industry, leaving us all on the edge of our salon chairs wondering who will come out on top in this high-stakes hair affair.
