HAIR INDUSTRY STATISTICS
World
Revenue generation in the Hair Care industry amounts to US$2,891.5m in 2020. The market is expected to grow annually by 6.9% (CAGR 2020-2023). In global comparison, the United States generates the most revenue. Hair care products are formulated to help nourish and prevent hair damage resulting from dryness, pollution, and other factors. The hair care market is comprised of thousands of products, such as shampoo, conditioners, serums, colorants, sprays, etc., which are composed of both natural and synthetic ingredients in order to maintain healthy, lustrous and well-groomed hair. In today's culture, healthy hair is a staple that portrays the idea of maintaining a youthful appearance, and this factor strongly influences purchase decisions among consumers.
Beauty Professionals Association (BPRO) embraces in-depth assessment of the competitive market, product market sizing, market trends, product developments, financial analysis, strategic analysis and so on to gauge the potential opportunities for the upcoming professionals in the Hair industry.
India
The Fast-Moving Consumer Good (FMCG) sector of India is strong and hence, it is expected to catapult the hair care market. Professional hair shampoo and conditioning has the largest share of India’s professional hair care product. Rising western culture, increase in consumer awareness about fashion trends and celebrity style following to upsurge the hair care market. A wide range of weather conditions in the country causing hair fall and hair damage problems are increasing the potential for hair treatments done by the professionals. Consumer over the years have become more open to experiment in hair treatment, hair color and bleaching. Styling and shaping in top knots, curly waves, sleek straight, half tied and more has become a new wave in the Indian Hair Industry.
Beauty Professionals Association (BPRO) embraces in-depth assessment of the competitive market, product market sizing, market trends, product developments, financial analysis, strategic analysis and so on to gauge the potential opportunities for the upcoming professionals in the Hair industry.
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