The Latest Haircare Industry Statistics Explained
The global hair care market size was valued at USD 75.33 billion in 2020.
The statistic “The global hair care market size was valued at USD 75.33 billion in 2020” indicates the overall economic worth of the hair care industry worldwide during the specified year. This figure represents the total monetary value of all products and services related to hair care, including shampoos, conditioners, styling products, hair color, treatments, and salon services. The market size can be influenced by factors such as consumer demand, trends in hair styling, innovations in hair care products, advertising and marketing strategies, as well as economic conditions. Understanding the market size is crucial for businesses in the hair care industry to make informed decisions regarding product development, pricing, distribution, and marketing strategies.
It is expected to expand at a CAGR of 3.4% from 2021 to 2028.
This statistic indicates that the entity in question, likely a market, industry, or business, is projected to grow steadily over the period from 2021 to 2028 at a Compound Annual Growth Rate (CAGR) of 3.4%. CAGR is a useful measure for understanding the average annual growth rate of an investment or other metric over a specified period of time. In this case, a CAGR of 3.4% suggests that the entity is expected to experience a consistent rate of expansion each year, leading to overall growth over the 7-year period. This statistic can be valuable for investors, analysts, and decision-makers to assess future performance and make strategic decisions.
The Asia Pacific held the largest share of over 33.0% in 2020.
The statistic “The Asia Pacific held the largest share of over 33.0% in 2020” indicates that, among all regions, the Asia Pacific region had the highest proportion or percentage of a certain variable in the year 2020. This likely refers to market share, economic output, population, or another relevant metric that is being analyzed. The fact that the Asia Pacific region’s share is over 33.0% suggests that it was a dominant force in the context being discussed compared to other regions. This statistic highlights the significant influence and impact of the Asia Pacific region within the specified category during the year 2020.
The shampoo segment led the market and accounted for a share of 30.9% in 2020.
The statistic that “the shampoo segment led the market and accounted for a share of 30.9% in 2020” indicates that among all the product segments within the market, shampoo had the highest market share in 2020 at 30.9%. This suggests that shampoo products were the most popular or in-demand within the market during that year compared to other segments. The high market share of shampoo indicates that it was likely a key driver of revenue and growth within the industry, showing its significance and the strong presence it had in the market during 2020.
An average woman spends approximately $80 on hair care products per month.
This statistic indicates that, on average, women spend around $80 per month on hair care products. This expenditure likely encompasses a variety of products including shampoo, conditioner, styling products, and hair treatments. The amount spent may vary depending on individual preferences, hair types, and personal grooming habits. Hair care products are essential for maintaining hair health and appearance, and this statistic highlights the significance of these products in the daily grooming routines of many women. Monitoring such expenditures can provide insights into consumer behaviors, trends in the beauty industry, and overall economic patterns.
More than 1 million people are employed in the haircare industry in Europe.
The statistic “More than 1 million people are employed in the haircare industry in Europe” indicates a significant level of employment within the haircare sector across European countries. This statistic suggests that the haircare industry is a major contributor to the overall labor market in Europe, providing jobs for a substantial number of individuals. The employment opportunities in the haircare industry encompass a wide range of roles, including hairstylists, salon owners, product manufacturers, distributors, and other related professions. The large workforce within the haircare industry highlights its importance in the European economy and underscores the demand for products and services related to personal grooming and beauty.
The hair color segment is anticipated to register the fastest CAGR of 3.7% from 2021 to 2028.
This statistic indicates that the hair color segment is expected to experience the fastest Compound Annual Growth Rate (CAGR) of 3.7% between the years 2021 and 2028. This suggests that there will be a significant increase in demand for hair color products during this period, likely driven by factors such as changing fashion trends, increasing consumer awareness about personal grooming, and advancements in hair coloring technology. Businesses operating in this segment may need to capitalize on this growth opportunity by expanding their product offerings, investing in marketing strategies, and keeping up with the latest trends to meet the evolving needs and preferences of consumers.
Haircare accounts for 24% of the total cosmetic exports in France.
This statistic indicates that haircare products make up 24% of all cosmetic exports from France. This means that nearly a quarter of the total cosmetic products exported from France are related to haircare. This could suggest that the French haircare industry is a significant player in the global cosmetic market. Additionally, the statistic highlights the importance of the haircare sector within the broader cosmetic industry in France, potentially indicating strong consumer demand for French haircare products both domestically and internationally.
Supermarkets and hypermarkets were the leading distribution channels, accounting for 39.9% share in 2019.
This statistic indicates that supermakets and hypermarkets were the most popular distribution channels for product sales in 2019, capturing nearly 40% of the market share. This suggests that a significant portion of consumers preferred to purchase goods from these retail outlets compared to other distribution channels such as convenience stores, online retailers, or specialty shops. The dominance of supermarkets and hypermarkets in the market highlights the importance of convenient physical locations, a wide range of product offerings, and competitive pricing in attracting consumer demand. This statistic is valuable for retailers, manufacturers, and decision-makers in understanding consumer behavior and strategizing distribution and marketing efforts to effectively target this prevalent distribution channel.
E-commerce distribution channels are projected to witness a CAGR of 4.6% from 2021 to 2028.
This statistic indicates that the e-commerce distribution channels are expected to experience a Compound Annual Growth Rate (CAGR) of 4.6% from 2021 to 2028. A CAGR of 4.6% over this time period suggests a steady and consistent growth rate for e-commerce distribution channels, reflecting a positive trend in the industry. The projection of a CAGR provides valuable insight into the anticipated annual rate of growth over the specified timeframe, which can be useful for businesses and investors looking to forecast and plan for the future of e-commerce distribution channels.
Men’s grooming and haircare is a growing segment, expected to reach $81.2 billion by 2024.
The statistic indicates that the market for men’s grooming and haircare products is expanding and is projected to reach a value of $81.2 billion by the year 2024. This growth is likely driven by changing social norms and an increasing focus on personal grooming among men. The rising interest in grooming products among men suggests a growing acceptance and interest in self-care and personal appearance. The increasing variety and availability of grooming products tailored specifically for men also contribute to the projected growth of this segment. Overall, the statistic highlights a significant market opportunity for companies operating in the men’s grooming and haircare industry to capitalize on the increasing demand for male-focused beauty and personal care products.
The US hair care services industry includes about 86,000 establishments with combined annual revenue of about $20 billion.
The statistic indicates that the hair care services industry in the United States is extensive, encompassing approximately 86,000 establishments that offer a variety of hair styling and treatment services. These establishments collectively generate an impressive annual revenue of around $20 billion, underscoring the significant economic impact of the industry. This data highlights the widespread demand for professional hair care services in the US market, with a broad range of consumers contributing to the industry’s substantial revenue generation. The statistic underscores the competitive nature of the industry and the opportunities present for growth and innovation within the hair care services sector in the United States.
Hair care is the largest segment with 86,000 locations.
The statistic “Hair care is the largest segment with 86,000 locations” indicates that the hair care industry comprises the largest number of establishments or physical locations within a specific market or industry sector. In this context, “locations” refer to physical stores, salons, or outlets that offer hair care services or products. The figure of 86,000 highlights the widespread presence and significance of the hair care segment in the industry, suggesting a high level of competition and demand for hair care services. This statistic reflects the popularity and size of the hair care sector, indicating its importance within the overall landscape of the beauty and personal care industry.
Hair care products make up to 9% of total beauty and personal care value sales.
This statistic indicates that within the beauty and personal care industry, specifically in terms of product value sales, hair care products account for approximately 9% of the total sales. This suggests that hair care products are a significant segment within the broader beauty and personal care market. It highlights the consumer demand for hair care products and the industry’s focus on developing and marketing a variety of products specifically tailored to hair care needs. Understanding this statistic can help businesses in the beauty and personal care industry to strategize their product offerings, marketing efforts, and investment decisions to capitalize on the popularity and profitability of hair care products.
Salon-type products are growing in popularity, predicted to reach $25.32 billion globally by 2025.
The statistic indicates a significant trend towards increasing popularity and demand for salon-type products globally, with a projected market value of $25.32 billion by the year 2025. This growth in market value suggests a surge in consumer interest and spending on salon-type products, such as hair care, skincare, and beauty products. Factors contributing to this trend could include changing consumer preferences towards professional-grade products, a rise in disposable income, increasing awareness of self-care and grooming practices, as well as the influence of social media and beauty trends. As such, businesses operating in the salon-type products industry may benefit from this growing market opportunity by adapting their strategies to meet the evolving needs and demands of consumers in the beauty and personal care sector.
Organic hair care products are set to grow at a CAGR of 8.4% from 2017-2023.
This statistic indicates that the market for organic hair care products is expected to experience a Compound Annual Growth Rate (CAGR) of 8.4% from the year 2017 to 2023. This CAGR represents the average annual growth rate over this period. The growth rate suggests a positive trend in consumer demand for organic hair care products, potentially driven by increasing awareness of health and environmental concerns among consumers. This projection can be useful for companies operating in the organic hair care industry to plan their strategies and capitalize on the growing market opportunity.
The Indian haircare market is expected to grow at a CAGR of 9% until 2026.
The statement that the Indian haircare market is projected to grow at a compound annual growth rate (CAGR) of 9% until 2026 suggests that the market is expected to expand steadily over the next several years. This indicates a positive trend in the demand for haircare products and services within India, driven by factors such as increasing disposable income, changing consumer preferences, and a growing beauty and grooming industry. The CAGR metric calculates the average annual growth rate of the market over a specific period, in this case, until 2026. This forecast provides valuable insights for businesses operating in the haircare industry, helping them to anticipate and capitalize on the market opportunities that lie ahead.
Over 52% of women in the US use hair care products daily.
The statistic “Over 52% of women in the US use hair care products daily” indicates that a majority of women in the United States engage in a regular hair care routine by using products such as shampoo, conditioner, hair styling products, and treatments on a daily basis. This statistic highlights the importance of hair care for a significant portion of the female population, suggesting that maintaining healthy and stylish hair is a common practice among women in the US. It also reflects the thriving market for hair care products and the significant role that personal grooming plays in the lives of many individuals.
South America and the Middle East & Africa accounted for over 10.8% share in the global hair care market in 2020.
In 2020, South America and the Middle East & Africa regions collectively held a significant portion of the global hair care market, constituting more than 10.8% of the total market share. This statistic suggests that these two regions played a substantial role in the global hair care industry, indicating a notable consumer demand and market presence for hair care products in South America and the Middle East & Africa. The data highlights the importance of these regions in the global hair care market landscape, showcasing opportunities for growth and market expansion within these regions for hair care brands and businesses.
Professional haircare products are expected to reach $23.64 billion by 2025 in the US.
The statistic that professional haircare products are expected to reach $23.64 billion by 2025 in the US indicates a significant growth trend in the market for high-quality haircare products aimed at salon professionals and premium customers. This figure suggests that there is a growing demand for specialized haircare solutions in the beauty industry, reflecting changing consumer preferences for professional-grade products to maintain hair health and style. The projected increase in market size also suggests opportunities for businesses within the professional haircare sector to expand their product offerings and reach a larger customer base, driving competition and innovation in the market.
References
0. – https://www.www.ibisworld.com
1. – https://www.www.businessfrance.fr
2. – https://www.www.grandviewresearch.com
3. – https://www.www.statista.com
4. – https://www.data.europa.eu
5. – https://www.www.transparencymarketresearch.com
6. – https://www.www.techsciresearch.com
7. – https://www.www.prnewswire.com
8. – https://www.www.alliedmarketresearch.com
