According to a new report, published by KBV research, The Global Premium Hair Care Market size is expected to reach $31.1 billion by 2029, rising at a market growth of 6.0% CAGR during the forecast period.
The Women market is showcasing a CAGR of 5.7 % during the forecast period. The market is growing as more women pursue jobs. In addition, women are more likely to experience hair-related issues like thinning, greying, etc., due to work pressure, poor work-life balance, long hours, and high-stress levels. As a result, women have developed an extensive demand for luxurious products because they may use such things to preserve their preferred appearance.
The Shampoo market is leading the Global Premium Hair Care Market by Product in 2022 thereby, achieving a market value of $7.8 billion by 2029. A growing number of hair-related issues, including thinning, dryness, dandruff, oily scalp, and itching, are responsible for the growing demand for shampoos. In addition, the shift in consumer lifestyles and environmental issues, such as increased pollution that is bad for the health of the scalp, is supporting expanding the premium shampoo market.
The Specialty Stores market has shown the high growth rate of 5.8% during (2023 - 2029). Specialty stores concentrate on particular product categories and provide an extensive range of goods for that particular category, making it simpler for customers to buy the goods they want. In addition, most specialty shops offer various products to give consumers high-quality service and knowledgeable advice. Specialty stores sell various high-end products normally unavailable in nearby retail locations, so consumers purchase premium hair care products from them.
The Asia Pacific market dominated the Global Premium Hair Care Market by Region in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $11.8 billion by 2029. The Europe market is anticipated to grow at a CAGR of 5.6% during (2023 - 2029). Additionally, The North America market would witness a CAGR of 5.4% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/premium-hair-care-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Procter and Gamble Company, L'OREAL S.A., Johnson & Johnson, Unilever PLC, Estee Lauder Companies, Inc., Beiersdorf AG, John Masters Organics, Inc. (Aspirant Group, Inc.), Kao Corporation, Natura & Co Holding SA, Wella International Operations Switzerland S.à.r.l.
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Companies Profiled