Home News
News Tech
Hair Care Market Entry Strategies, Countermeasures of Economic Impact and Marketing Channels To 2024 August 10, 2021
By Zaraki Kenpachi -
The array of products for hair health and care for population of all ages has been constantly expanding. Both developing as well as developed countries have seen extensive research and development activities pertaining to formulation and mode of action of hair care products. Regional and global players are leveraging the potential of hair cosmetics to establish a steady stronghold in the hair care market. Key vendors and cosmetics manufacturers are locked in intense competition based on di몭erence in pricing strategies and product portfolio. Top players are constantly expanding their scienti몭c knowledge on hair cosmetics. Recent trends in the hair care market point towards forces of consolidation gathering strength. Analysts at Transparency Market Research foresee a signi몭cant barrier of entry for newcomers on account of the shares being consolidated. Some of the prominent players operating in the market are L’Oreal S.A., Unilever plc, Amka Products (Pty) Ltd., Revlon Inc., and Avon Products Inc. The global hair care market stood at a whopping US$81.3 bn in 2015 and is projected to reach US$105.3 bn by 2024-end, representing a CAGR of 3% during 2016–2024. Constantly evolving science of hair care products has helped cosmetic manufacturers cater to the consumers’ needs in new geographies. Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample.php?