HAIR INDUSTRY STATISTICS

Beauty Professionals Association 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. 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. 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.