The North America Hair & Scalp Care Market would witness market growth of 5.8% CAGR during the forecast period (2021-2027).
Many people are more concerned with hair beauty and scalp nourishment these days. Consumers are demanding more hairstyling, coloring, straightening, and other hair treatments without jeopardizing the health of their hair and scalp. These factors have boosted the growth of the professional haircare market by dramatically increasing the demand for professional hair care products.
Factors like hairstyle trends, significant increment in disposable income, population expansion, and rising air pollution would fuel the growth of the market in the upcoming years. Moreover, an increase in the usage of professional haircare products in developed nations, as well as an increase in the acceptance of organic components, is predicted to provide many opportunities for hair coloring and shampoo makers to build a mass consumer base. On the other hand, the high cost of premium and professional hair care products, as well as the use of harmful chemicals to soften hair, are hindering the industry’s growth over the forthcoming years.
Because of the high expenditure on personal care, particularly hair-based products, North America is expected to witness high demand for hair and scalp care products. For example, according to data released by Consumer notice.Org in July 2020, Americans are expected to spend tens of billions of dollars to improve their hair, skin, and hygiene. In addition, as women are ready to spend more on hair care products, the increasing development of female employment is expected to promote demand. The female labour force participation rate in the United States, for example, is 56.76 percent, up from 56.39 percent the previous year, according to World Bank.Org data. According to a January 2020 article on the US Spa Industry, the total number of spa visits in the US increased to roughly 190 million in 2018, up from 187 million in 2017.
The US market dominated the North America Hair & Scalp Care Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $23,709.3 million by 2027. The Canada market is anticipated to grow at a CAGR of 8.3% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 7.3% during (2021 - 2027).
Based on Product, the market is segmented into Anti-dandruff (Hair Shampoo and Hair Conditioner & Others), Hair Loss (Hair Shampoo, Hair Conditioner, Hair Oil and Others), Dry & Dull Hair (Hair Shampoo & Conditioner, Hair Oil, and Others), Dry & Itchy Scalp (Hair Shampoo & Conditioner and Hair Oil), White & Grey Hair (Hair Shampoo & Conditioner and Hair Oil & Others) and others. Based on Distribution Channel, the market is segmented into Government, Hypermarket & Supermarket, Pharmacy & Drug Stores, Specialty Store, Online and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Hair & Scalp Care Market is Estimated to reach $121.4 Billion by 2027, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include L'Oreal Group, Unilever PLC, The Procter & Gamble Company (P&G), Beiersdorf AG, Johnson & Johnson, The Estée Lauder Companies Inc., Amorepacific Corporation, The Himalaya Drug Company (Himalaya Global Holdings Ltd.), Shiseido Co., Ltd., and Kao Corporation (Kanebo Cosmetics Inc.)
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