The North America Keratin Products Market would witness market growth of 5.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Keratin Products Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $538.9 million by 2031. The Canada market is experiencing a CAGR of 7.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.5% during (2024 - 2031).
These products are increasingly used in specialized treatments to restore hair health following chemotherapy. These products help rebuild the hair structure and restore its natural texture and shine. Keratin treatments are formulated to address hair changes during pregnancy, such as increased dryness and breakage, offering a solution for maintaining hair health during this period.
High-end salons utilize these products in personalized treatments tailored to individual hair needs, such as specific formulations for color-treated, curly, or damaged hair. These treatments offer a customized approach to hair repair and maintenance. Some professional hair tools, such as straighteners and brushes, are designed with keratin-infused materials to enhance their effectiveness in delivering smooth, frizz-free results during styling.
The expansion of the cosmetics industry often leads to an increase in professional salons and beauty service providers. These establishments commonly use these products in their treatments, increasing market demand. Expanding the cosmetics industry in Canada fosters competition among brands, including those specializing in these products. This competition can potentially result in competitive pricing and higher-quality products in the keratin products market. The large pet population in Mexico drives a growing demand for keratin-based grooming products specifically formulated for pets, such as shampoos and conditioners that help maintain healthy and shiny coats. Mexico is estimated to be the fifth-largest consumer market for pet food and accessories globally, as per the International Trade Administration (ITA). There are about 80 million pets in Mexico. Statistics show that in 2021, 70 percent of Mexican households had pets. In conclusion, the rising cosmetics industry and high numbers of pets in the region are driving the market’s growth.
Free Valuable Insights: The Keratin Products Market is Predict to reach USD 2.6 Billion by 2031, at a CAGR of 5.8%
Based on Form, the market is segmented into Powder, Liquid, and Tablet. Based on Product Type, the market is segmented into Hydrolyzed Keratin, Keratin Amino Acid, Alpha-keratin, Beta-keratin, and Bio Peptide Keratin. Based on Application, the market is segmented into Hair Beauty Salon, Skin Cream, Medical, Nutraceuticals, Active Pharmaceutical Ingredient (API), Pet Care and Supplement, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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