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 5.1% from 2023 to 2030
- • Shampoo segment accounted for the largest revenue share of 30.9% in 2022
- • Hair color segment is expected to witness the fastest CAGR of 5.7% from 2023 to 2030
- • Asia Pacific dominated the global hair care market with a revenue share of 37.3% in 2022
- • The global hair wigs and extension market size was valued at USD 5.8 billion in 2021
- • The hair wigs and extension market is projected to reach USD 13.3 billion by 2031
- • Human hair wigs segment accounted for 62.5% share of the global hair wigs and extension market in 2021
- • The global hair salon market size was valued at USD 315.5 billion in 2021
- • The hair salon market is expected to grow at a CAGR of 3.5% from 2022 to 2030
- • Hair coloring services accounted for 28% of the global hair salon market revenue in 2021
- • North America dominated the global hair salon market with a 35% revenue share in 2021
- • The global hair transplant market size was valued at USD 5.0 billion in 2021
- • The hair transplant market is expected to expand at a CAGR of 24.6% from 2022 to 2030
- • Follicular Unit Extraction (FUE) segment accounted for the largest revenue share of 53.0% in 2021
Ready to brush up on some hair-raising statistics in the world of tresses? From shampoo wars to the battle of the wigs, the hair industry is a cutthroat market with a mane-tastic worth of USD 75.33 billion in 2022, predicted to keep growing faster than Rapunzels locks at a 5.1% CAGR until 2030. Who knew that the hair color segment is set to dye for with a 5.7% CAGR, or that Asia Pacific is running the hair care game with a lions share of 37.3%? With stats this slick, its time to comb through the fascinating realm of hair economics.
Market Growth
- The hair care market is expected to grow at a CAGR of 5.1% from 2023 to 2030
- The hair wigs and extension market is projected to reach USD 13.3 billion by 2031
- The hair salon market is expected to grow at a CAGR of 3.5% from 2022 to 2030
- The hair transplant market is expected to expand at a CAGR of 24.6% from 2022 to 2030
- The hair accessories market is projected to grow from USD 23.24 billion in 2023 to USD 32.45 billion by 2030
- The organic hair care market is projected to reach USD 16.90 billion by 2030
- The hair removal products market is expected to reach USD 1.92 billion by 2028
- The professional hair care market is projected to reach USD 111.98 billion by 2030
- The hair brush market is expected to grow at a CAGR of 6.2% from 2022 to 2030
- The hair dryer market is expected to reach USD 11.1 billion by 2027
- The hair styling products market is projected to reach USD 28.1 billion by 2026
- The hair loss treatment market is expected to grow at a CAGR of 8.1% from 2022 to 2030
- The hair extensions market is projected to reach USD 4.96 billion by 2030
- The hair dye market is expected to reach USD 28.5 billion by 2027
- The hair serum market is projected to reach USD 1.8 billion by 2027
- The hair mask market is expected to reach USD 886.4 million by 2030
- The hair spray market is expected to reach USD 13.5 billion by 2027
- The hair oil market is expected to reach USD 5.8 billion by 2027
- The hair conditioner market is expected to grow at a CAGR of 4.5% from 2022 to 2030
- The hair straightener market is projected to reach USD 861.1 million by 2031
- The hair scissors market is expected to reach USD 112.3 million by 2027
- The hair clippers and trimmers market is expected to grow at a CAGR of 5.7% from 2022 to 2030
Interpretation
In a world where every strand of hair seems to have its own market projection, it's clear that the hair industry is not just growing, it's flourishing like a well-conditioned mane in a summer breeze. With statistics as unpredictable as a frizzy hair day, one thing is certain: the hair care market is set to be a force to be reckoned with in the coming years. From wigs to extensions, hair salons to hair transplants, and everything in between, it seems that no follicle will be left unattended. So whether you're in the business of taming tresses or just trying to keep up with the ever-evolving world of hair trends, one thing is for sure – the hair industry is hair to stay.
Market Size
- The global hair care market size was valued at USD 75.33 billion in 2022
- The global hair wigs and extension market size was valued at USD 5.8 billion in 2021
- The global hair salon market size was valued at USD 315.5 billion in 2021
- The global hair transplant market size was valued at USD 5.0 billion in 2021
- The global hair accessories market size was valued at USD 22.15 billion in 2022
- The global organic hair care market size was valued at USD 10.32 billion in 2021
- The global hair removal products market size was valued at USD 1.35 billion in 2021
- The global professional hair care market size was valued at USD 75.33 billion in 2020
- The global hair brush market size was valued at USD 3.7 billion in 2021
- The global hair dryer market size was valued at USD 8.2 billion in 2021
- The global hair styling products market size was valued at USD 22.9 billion in 2021
- The global hair loss treatment market size was valued at USD 8.1 billion in 2021
- The global hair extensions market size was valued at USD 2.38 billion in 2020
- The global hair dye market size was valued at USD 19.8 billion in 2021
- The global hair serum market size was valued at USD 1.3 billion in 2021
- The global hair mask market size was valued at USD 597.7 million in 2020
- The global hair spray market size was valued at USD 9.7 billion in 2021
- The global hair oil market size was valued at USD 4.1 billion in 2021
- The global hair conditioner market size was valued at USD 11.6 billion in 2021
- The global hair straightener market size was valued at USD 651.3 million in 2021
- The global hair scissors market size was valued at USD 85.6 million in 2021
- The global hair clippers and trimmers market size was valued at USD 6.3 billion in 2021
Interpretation
In a world where the value of hair products and services seemingly rivals the GDP of a small country, it's clear that our locks hold a coveted place in the global economy. From wigs to extensions, salons to serums, the hair industry is a multi-billion dollar powerhouse that thrives on both vanity and necessity. With markets for everything from hair scissors to hair loss treatments, it seems that we're collectively investing a pretty penny in the pursuit of the perfect mane. So next time you splurge on that luxurious hair mask or precision hair clipper, just remember - your tresses are not just follicles, they're financial assets in this billion-dollar hair game.
Procedure Types
- Follicular Unit Extraction (FUE) segment accounted for the largest revenue share of 53.0% in 2021
Interpretation
In the cutthroat world of hair industries, it seems the Follicular Unit Extraction (FUE) segment is a cut above the rest, snagging a luscious 53.0% of the revenue share in 2021. With its precision and popularity, FUE is strutting its stuff on the haircare catwalk, leaving other segments in its stylishly coiffed dust. This statistic proves that when it comes to hair restoration, FUE is not just a strand above the competition – it's a whole head of hair ahead.
Product Segments
- Shampoo segment accounted for the largest revenue share of 30.9% in 2022
- Hair color segment is expected to witness the fastest CAGR of 5.7% from 2023 to 2030
- Human hair wigs segment accounted for 62.5% share of the global hair wigs and extension market in 2021
- Clips and pins segment held the largest market share in the hair accessories market in 2022
- Shampoos segment accounted for the largest share in the organic hair care market in 2021
- Razors and blades segment held the largest market share in the hair removal products market in 2021
- Hair coloring segment accounted for 31.3% of the professional hair care market share in 2020
- Paddle brushes segment held the largest market share in the hair brush market in 2021
- Professional hair dryers segment accounted for the largest market share in 2021
- Hair gel segment held the largest market share in the hair styling products market in 2021
- Minoxidil segment accounted for the largest revenue share of 32.3% in 2021
- Human hair extensions segment accounted for 91.0% of the market share in 2020
- Permanent hair color segment held the largest market share in 2021
- Hair fall control segment accounted for the largest market share in 2021
- Natural and organic hair masks segment is projected to witness the highest growth rate
- Dry shampoo segment is projected to witness the highest growth rate in the hair spray market
- Light hair oils segment held the largest market share in 2021
- Rinse-out conditioner segment accounted for the largest revenue share of 45.2% in 2021
- Ceramic hair straighteners segment held the largest market share in 2021
- Professional hair scissors segment accounted for the largest market share in 2021
- Corded hair clippers segment held the largest market share in 2021
Interpretation
In the unpredictable world of hair industry statistics, where strands and segments weave in and out of the spotlight, one thing is clear: the battle for the crown of market dominance is a cutthroat affair. From the luxurious lather of shampoos reigning supreme to the colorful conquest of hair color's rapid rise, each segment is vying for a strand of the lucrative market mane. Whether it's the silky allure of human hair wigs holding court or the sharp precision of professional hair scissors claiming the throne, the tangle of trends and figures in this follicular kingdom is a testament to the unyielding quest for beauty, innovation, and perhaps a dash of vanity. So, brush off the statistics, straighten your perspective, and remember, in this endless cycle of growth and grooming, the real winner may just be the one with the best hair day.
Regional Market
- Asia Pacific dominated the global hair care market with a revenue share of 37.3% in 2022
- North America dominated the global hair salon market with a 35% revenue share in 2021
Interpretation
In the fiercely competitive arena of hair industry statistics, it seems that Asia Pacific and North America have claimed their respective crowns with aplomb. With Asia Pacific sporting luscious locks of a 37.3% revenue share in the hair care market in 2022, while North America struts confidently ahead with a 35% slice of the stylish pie in the hair salon market. It appears the battle for follicular supremacy is well and truly underway, with these regions combing through the competition to showcase their mane-taming prowess.
Service Segments
- Hair coloring services accounted for 28% of the global hair salon market revenue in 2021
Interpretation
In a world where self-expression knows no bounds, it seems that when it comes to hair, coloring outside the lines is not only accepted but also economically thriving. With hair coloring services alone commanding a hefty 28% slice of the global hair salon market revenue in 2021, one might say that the industry is not just painting the town red, but every color of the rainbow. Whether it's a bold statement or a subtle change, these statistics remind us that our hair isn't just a canvas - it's a masterpiece in the making.
