The Asia Pacific Luxury Hair Care Market would witness market growth of 8.9% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 63,248.9 thousand units, showcasing a growth of 8.4% (2019-2022).
The purpose of luxury hair care products for color-treated hair is to preserve and prolong the color of the hair. These products often contain UV filters and color-preserving ingredients to prevent fading and maintain vibrancy. Some luxury brands offer products that enhance natural hair color or provide temporary color variations, allowing users to experiment with different looks without a long-term commitment. It includes styling products such as mousses, creams, and sprays that help users achieve salon-quality styling at home. These products may provide hold, volume, and texture. Luxury brands often offer products tailored to different hair textures, whether straight, wavy, curly, or coily. These formulations address the unique needs of each hair type.
Heat protectants are widely used in luxury hair care products to protect hair from damage caused by heat-styling tools like flat irons and hairdryers. Some luxury products include ingredients designed to fortify the hair cuticle, reducing the likelihood of split ends and breakage. It often emphasizes sensory experiences with carefully curated fragrances that add an element of indulgence to the grooming routine. The scent becomes an integral part of the overall product appeal. Certain formulations may include ingredients with aromatherapy benefits, contributing to relaxation and stress relief during hair care. It may incorporate innovative technologies like smart hair straighteners, dryers, and brushes. These devices may offer temperature control, moisture sensing, and real-time feedback for enhanced styling and care.
According to the report titled Cities as Engines of Growth, published in 2022 by the Government of India, the population of urban areas in India is projected to have increased approximately fourfold, from 109 million in 1970 to 460 million in 2018. The country is projected to experience an additional 416 million inhabitants in its urban areas by 2050, resulting in a 50 percent urban population share. Due to the above-mentioned factors, the market will grow significantly in this region.
The China market dominated the Asia Pacific Luxury Hair Care Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,766.5 million by 2030. The Japan market is registering a CAGR of 8.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 9.5% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Luxury Hair Care Market is Predict to reach $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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