Technavios
market research analyst predicts the global hair care market to grow at a CAGR
of around 3% during the forecast period. The growing number of fashion
conscious consumers and the rise in male grooming are driving the growth of the
hair care market globally.
The
increase in the aging population in developed nations such as the US, the UK,
Canada, Germany, China, and Japan has also boosted the sales of hair care
products.
The growth
of organized retail is also expected to drive the growth of the market during
the forecast period. Hair care products are exclusively kept on separate
shelves in the beauty and personal care sections in the retail stores.
For
instance, Wal-Mart, one of the largest organized retail chains in the world,
contributed 14% of P&G's net revenue during 2014.
Read
Complete Report with TOC @ http://www.radiantinsights.com/research/global-hair-care-market-2015-2019
Product
segmentation and analysis of the hair care market
Shampoo
Hair color
Conditioner
Hair styling products
Shampoos
accounted for 34% of the market share during 2014 and is expected to reach a
market value of around USD 28 billion by 2019. The report predicts Brazil,
China, and India to be the fastest-growing region in the shampoo segment during
the forecast period.
Geographical
segmentation and analysis of the global hair care market
Americas
APAC
Europe
MEA
The
Americas were the largest revenue contributor during 2014 with a market share
of around 37%. The developed economy and changing consumption pattern in this
region are primarily driving the market. The aging population has also
contributed to the growth of this region as a result of the early adoption of
hair colors and dyes. The US is the largest market in this region with a revenue
share of around 15%.
Competitive
landscape and key vendors
The
competition in the global hair care market is intense with the leading vendors
competing on the basis of product offerings. During 2014, the key vendors
contributed nearly 44% of the global revenue.
The key
vendors in the market are €"
L'Ora©al
P&G
Henkel
Kao
Unilever
Other
vendors in the market include Avon Products, Cadiveu Professional, Chatters
Canada, Combe, Conair, Esta©e Lauder, Godrej, Johnson & Johnson, Revlon,
Shiseido, Toni & Guy Hairdressing, and World Hair Cosmetics.
Key
questions answered in the report include
What will
the market size and the growth rate be in 2019?
What are the key factors driving
the global hair care market?
What are the key market trends
impacting the growth of the global hair care market?
What are the challenges to market
growth?
Who are the key vendors in the
hair care market?
What are the market opportunities
and threats faced by the vendors in the hair care market?
Trending factors influencing the
market shares of the Americas, APAC, Europe, and MEA?
What are the key outcomes of the
five forces analysis of the global hair care market?
Technavio
also offers customization on reports based on specific client requirement.
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