The North America Luxury Hair Care Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 69,268.5 thousand units, showcasing a growth of 7.0% (2019-2022).
Technology integration into hair care has given rise to smart devices and tools designed to enhance the user experience. Luxury hair care brands incorporating technological innovations attract consumers looking for cutting-edge solutions and a modern approach to grooming. The wellness trend has extended to hair care, with consumers seeking products that address external hair concerns and contribute to stress relief and relaxation. The brands aligning with the holistic wellness approach attract consumers to adopt a self-care mindset.
High-end cleaning ingredients used in the formulation of luxury shampoos efficiently remove oil, dirt, and product buildup without depleting the hair of its natural oils. The products often include specialized treatments such as hair masks, serums, and oils designed to address specific concerns like damage, dryness, and breakage. These treatments aim to restore and rejuvenate the hair. Some luxury brands offer products focused on scalp health, including exfoliating treatments, serums, and masks that promote a healthy scalp environment and address issues like dandruff and dryness.
Collaborations with influencers and social media personalities influence E-commerce in Canada. E-commerce provides convenient access to an extensive selection of high-end hair care products for consumers in Canada, regardless of their location. E-commerce platforms provide diverse luxury hair care products catering to Canada's different hair types, concerns, and styling preferences. As per the International Trade Administration, in 2022, there were more than 27 million e-commerce users in Canada, or 75% of the population. By 2025, this percentage is projected to increase to 77.6%. All these factors will uplift the regional market’s expansion in the coming years.
The US market dominated the North America Luxury Hair Care Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,653.5 million by 2030. The Canada market is exhibiting a CAGR of 9.7% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 8.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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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