According to a new report, published by KBV research, The Global Hair & Scalp Care Market size is expected to reach $121.4 billion by 2027, rising at a market growth of 6.5% CAGR during the forecast period.
The Dry & Dull Hair segment is showcasing a CAGR of 6.9% during (2021 - 2027). This is because of the high value of haircare products for dry and dull hair. Moisture, gloss, and body are all lacking in dull hair. Many things can contribute to it, such as using the incorrect products, not receiving enough nutrients in your diet, or overusing harsh chemicals or procedures. However, the use of haircare products can reverse the signs of such hair, providing healthy and shiny hair.
The Hypermarket & Supermarket segment acquired the maximum revenue share in the Global Hair & Scalp Care Market by Distribution Channel in 2020, thereby, achieving a market value of $39.3 billion by 2027. This is because these stores are quick to introduce popular products to the market and provide exclusive discounts to their clients, resulting in increased sales. Customers' curiosity has been piqued by hypermarkets and supermarkets focused on supplying diverse categories like synthetic, natural, and chemical-free products, allowing them to choose from a variety of brands before making a purchase. For example, in 2018, the Sephora premium shop introduced a clean beauty category that banned products that contained parabens, sulfates, or phthalates.
The Asia Pacific market dominated the Global Hair & Scalp Care Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $42.8 billion by 2027. The Europe market is estimated to witness a CAGR of 5.7% during (2021 - 2027). Additionally, The North America market would experience a CAGR of 5.8% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/hair-scalp-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 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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