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According to the latest report by IMARC Group, titled "Hair Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global hair care market reached a value of US$ 78.2 Billion in 2021. Hair care involves the adoption of various products that aid in maintaining and improving the overall hair health. They are generally used by individuals to clean and improve the overall texture and appearance of their hair. Some of the commonly utilized hair care products include serums, supplements, hair oils, hair loss treatment, styling products and conditioners that are formulated with essential nutrients that help in hair nourishment.
These products are widely available across the globe that differs on the basis of their ingredients, content formulation, product size and price range. The demand for hair care is rising due to the easy availability of a diversified range of hair care products in the market.
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The global market is primarily driven by the increasing preference for maintaining hair health among the masses. This is supported by the adverse effects of harsh environmental conditions on hair that often lead to hair fall, thinning, dandruff, itchy scalps and hair loss. Moreover, the inflating disposable income levels of individuals and the easy product availability via offline and online organized retail channels are providing a boost to the sales of hair care products. Additionally, several leading players are heavily investing in launching customized hair care products due to the complexity and diversity of hair concerns and types, which are gaining widespread prominence across the globe. In line with this, the introduction of sulfate-free, chemical-free and organic hair care products is providing an impetus to the market growth.
Other factors, including the development of aggressive marketing strategies, promotional campaigns, celebrity endorsements and innovative packaging solutions by key players and extensive research and development (R&D) activities, are also positively influencing the market.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/hair-care-market
Breakup by Region: North America Asia Pacific Europe Latin America Middle East and Africa
Looking forward, IMARC Group expects the market to reach US$ 102.9 Billion by 2027, exhibiting a CAGR of 4.61% during 2022-2027.
1. What has been the historical growth rate of the global Hair Care Market?
2. What has been the impact of COVID-19 on the global Hair Care Market?
3. What are the key factors driving the global Hair Care Market?
4. What is the breakup of the global Hair Care Market based on the type?
5. What is the breakup of the global Hair Care Market based on the application?
6. What is the breakup of the global Hair Care Market based on the distribution channel?
7. What are the key regions in the global Hair Care Market?
8. Who are the key players/companies in the global Hair Care Market?
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