The North America Hair Serum Market would witness market growth of 7.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 12,919.4 thousand units (100 ml), showcasing a growth of 7.6% (2019-2022).
Online platforms offer unparalleled convenience, enabling customers to browse a vast array of hair serums from the comfort of their homes and make informed purchasing decisions through detailed product descriptions, reviews, and ratings. This accessibility transcends geographical boundaries, providing consumers with access to a diverse range of brands and formulations that may not be readily available in local brick-and-mortar stores. Therefore, the U.S market will purchase 9,202.8 thousand units (100 ml) of hair serum through online mode by 2030.
The US market dominated the North America Hair Serum Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $448.6 Million by 2030. The Canada market is experiencing a CAGR of 10.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 9.3% during (2023 - 2030).
Hair serum is often adopted as an essential component of a comprehensive hair care routine. Many consumers incorporate hair serum into their daily regimen to address specific hair concerns and improve their hair’s overall health and appearance. Hair serum is a styling aid to achieve various hairstyles and looks. Also, hair serum offers versatility in styling options, whether sleek and straight, defined curls, voluminous waves, or textured layers. It gives the hair hold, control, and manageability, allowing for effortless styling and long-lasting results.
With the widespread use of heat styling tools such as blow dryers, straighteners, and curling irons, hair serum is increasingly adopted for its heat protection benefits. Many hair serums contain ingredients that create a protective barrier on the hair strands, shielding them from the damaging effects of heat styling and reducing the risk of breakage and split ends. Frizz control is a common concern for many individuals, especially in humid or dry climates. Hair serum is adopted as an effective solution for taming frizz and flyaway, providing smoothness and sleekness to the hair. Its lightweight formula helps to seal the hair cuticle and prevent moisture loss, resulting in frizz-free hair.
The growing e-commerce sector in Mexico provides opportunities for hair serum brands to enhance their digital presence and engage with consumers through targeted digital marketing initiatives. According to the International Trade Administration (ITA), the Mexican e-commerce sector was valued at USD 26.2 billion in 2022, representing a 23 percent increase over 2021. Therefore, the increasing e-commerce sector and expansion of the cosmetics and personal care industry are driving the market’s growth.
Free Valuable Insights: The Hair Serum Market is Predict to reach USD 2.1 Billion by 2030, at a CAGR of 8.1%
Based on Nature, the market is segmented into Conventional, and Organic. Based on Sales Channel, the market is segmented into Offline, and Online. Based on Product Type, the market is segmented into Hair Treatment Serum, and Hair Styling Serum. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Nature (Volume, Thousand Units (100 ml), USD Billion, 2019-2030)
By Sales Channel (Volume, Thousand Units (100 ml), USD Billion, 2019-2030)
By Product Type (Volume, Thousand Units (100 ml), USD Billion, 2019-2030)
By Country (Volume, Thousand Units (100 ml), USD Billion, 2019-2030)
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