Hair Perfume Market

Global Hair Perfume Market Size, Share & Trends Analysis Report By Application (Women and Men), By Product Floral, By Distribution Channel, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-24740 Publication Date: September-2024 Number of Pages: 226
2023
8 Billion
2031
12 Billion
CAGR
5.4%
Historical Data
2020 to 2022

“Global Hair Perfume Market to reach a market value of 12 Billion by 2031 growing at a CAGR of 5.4%”

Analysis of Market Size & Trends

The Global Hair Perfume Market size is expected to reach $12 billion by 2031, rising at a market growth of 5.4% CAGR during the forecast period.

Oriental fragrances are known for their rich, warm, and exotic qualities, which appeal to consumers seeking a more luxurious and distinctive scent profile. The deep, sensual notes of spices, resins, and exotic woods often associated with oriental perfumes create a sense of luxury and sophistication that attracts individuals looking for a unique and memorable fragrance experience. Oriental fragrances are often associated with luxury and premium products. The trend towards indulgence and high-end personal care items has increased demand for oriental hair perfumes perceived as exclusive and sophisticated. Consumers looking for luxury experiences are drawn to the opulence and richness of oriental scents. Thus, the oriental segment procured 11% revenue share in the market.

Hair Perfume Market Size - Global Opportunities and Trends Analysis Report 2020-2031

Hair perfumes offer a convenient way to refresh and maintain a pleasant scent throughout the day, especially for individuals constantly moving. Many hair perfumes provide fragrance and offer additional benefits like conditioning, shine, and UV protection, making them a practical addition to personal care routines. Thus, rising consumer awareness and demand for personal care products drive the market's growth. Additionally, hair perfumes become an integral part of these routines, appealing to those who seek to maintain a polished and attractive appearance. In conclusion, increased disposable income worldwide is driving the market's growth.

However, in emerging markets, where disposable incomes are generally lower, the high cost of premium hair perfumes poses a significant barrier. Consumers in these regions are less likely to spend on luxury personal care products, focusing instead on more affordable options. Thus, the high cost of premium hair perfumes hinders the market's growth.

Driving and Restraining Factors
Hair Perfume Market
  • Rising consumer awareness and demand for personal care products
  • Expansion of retail and e-commerce channels
  • Increased disposable income worldwide
  • High cost of premium hair perfumes
  • Potential for allergic reactions and sensitivities to ingredients
  • Impact of celebrity endorsements and influencer collaborations
  • Growth of subscription models
  • Intense competition from established fragrance and hair care brands
  • Short product lifespan and frequent reformulations

Product Outlook

Based on product, the market is divided into floral, fruity, woody, oriental, and others. The fruity segment attained 28% revenue share in the market in 2023. Fruity scents are known for their refreshing and uplifting qualities. They evoke a sense of vitality and rejuvenation, highly desirable in personal care products.

Hair Perfume Market Share and Industry Analysis Report 2023

Application Outlook

On the basis of application, the market is segmented into men and women. The women segment recorded 72% revenue share in the market in 2023. Women are often more attuned to fashion and beauty trends, including specialty products like hair perfumes.

Distribution Channel Outlook

By distribution channel, the market is divided into hypermarkets & supermarkets, convenience stores, specialty stores, online, and others. In 2023, the hypermarkets & supermarkets segment registered 35% revenue share in the market. These retail formats offer a broad selection of products, including various brands and types of hair perfumes.

Free Valuable Insights: Global Hair Perfume Market size to reach USD 12 Billion by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region generated 30% revenue share in the market. The Asia-Pacific region has experienced significant economic growth, leading to a rising middle class with increased disposable income.

Hair Perfume Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 8 Billion
Market size forecast in 2031 USD 12 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 5.4% from 2024 to 2031
Number of Pages 226
Number of Tables 380
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Product, Distribution Channel, Application, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included Byredo (PUIG, S.L.), LVMH SE, Jennifer McKay Design Inc. (DefineMe), Diptyque SAS (Manzanita Capital UK LLP), NEST Fragrances (North Castle Partners, LLC), Jo Malone London (The Estee Lauder Companies, Inc.), Unilever PLC, L'OCCITANE Group, Percy & Reed Product Limited and Chanel S.A.
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List of Key Companies Profiled

  • Byredo (PUIG, S.L.)
  • LVMH SE
  • Jennifer McKay Design Inc. (DefineMe)
  • Diptyque SAS (Manzanita Capital UK LLP)
  • NEST Fragrances (North Castle Partners, LLC)
  • Jo Malone London (The Estee Lauder Companies, Inc.)
  • Unilever PLC
  • L'OCCITANE Group
  • Percy & Reed Product Limited
  • Chanel S.A.

Hair Perfume Market Report Segmentation

By Application

  • Women
  • Men

By Product

  • Floral
  • Fruity
  • Woody
  • Oriental
  • Other Products

By End User

  • Hypermarkets & Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Other Distribution Channels

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
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