The Europe Luxury Hair Care Market would witness market growth of 7.7% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 44,622.9 thousand units, showcasing a growth of 7.5% (2019-2022).
There is a growing demand for luxury hair care products that emphasize sustainability. Brands are adopting eco-friendly practices in packaging, using recycled materials, and offering product formulations with natural and organic ingredients. Consumers increasingly seek cruelty-free and vegan hair care options, prompting luxury brands to align their practices with ethical and environmental considerations. Brands are exploring artificial intelligence (AI) to offer personalized hair care solutions. Analyzing individual hair types, conditions, and styling preferences enables the creation of customized formulations for consumers.
Luxury shampoos are formulated with high-quality and often exotic ingredients to cleanse the hair gently while maintaining its natural oils. These shampoos may incorporate nourishing elements such as vitamins, botanical extracts, and proteins to promote overall hair health. Luxury hair conditioners go beyond basic detangling. They often contain advanced formulations with keratin, argan oil, and hyaluronic acid to provide intensive hydration and repair damaged hair. Specialty hair masks and treatments address dryness, frizz, and damage concerns. Luxury hair masks may include rare or high-end ingredients to provide deep nourishment and repair, offering a spa-like experience at home.
Consumers in Germany are increasingly prioritizing high-quality and effective personal care products. The trend towards self-care and wellness has gained momentum in Germany. German consumers are drawn to unique products, such as advanced technologies, rare and exotic ingredients, and solutions tailored to specific hair concerns. German consumers are known for their awareness and education regarding product ingredients and formulations. Consumers in Germany increasingly turn to e-commerce platforms to explore and purchase premium hair care items, providing a broader market reach for brands. The factors mentioned above will drive the regional market growth.
The Germany market dominated the Europe Luxury Hair Care Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,389.3 million by 2030. The UK market is showcasing a CAGR of 6.8% during (2023 - 2030). Additionally, The France market would register a CAGR of 8.5% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Specialty Stores, Hypermarkets & Supermarkets, Online, Pharmacy & Drugstore, and Others. Based on Price Range, the market is segmented into USD 30 to USD 65, USD 65 to USD 100, USD 100 to USD 150, USD 150 to USD 200, and Above USD 200. Based on Product, the market is segmented into Shampoos, Conditioners, Hair Coloring Products, Hair Styling Products, Hair Oil, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Luxury Hair Care Market will Hit $35.9 Billion by 2030, at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include L'Oreal S.A., The Estee Lauder Companies, Inc., Kao Corporation, KOSE Corporation, The Procter & Gamble Company, Revlon, Inc. (MacAndrews & Forbes), Philip Kingsley Products Limited, Kevin Murphy Group Pty Ltd., Alcora Corporation, and Balmain Paris (Mayhoola For Investments LLC)
By Distribution Channel (Volume, Thousand units, USD Billion, 2019-2030)
By Price Range (Volume, Thousand units, USD Billion, 2019-2030)
By Product (Volume, Thousand units, USD Billion, 2019-2030)
By Country (Volume, Thousand units, USD Billion, 2019-2030)
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