The global professional haircare products market size is poised to grow by USD 4.63 billion during 2020-2024, progressing at a CAGR of over 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Professional Haircare Products Market 2020-2024 (Graphic: Business Wire)
Common issues such as dandruff, damaged hair due to sun exposure, and damaged scalp are the prime reasons that sustain the demand for haircare products across the globe. Leveraging this scenario, the key manufacturers in the global professional haircare products market have started introducing customized products and haircare treatments that suit the specific requirements of customers. For instance, L’Oréal has recently launched its strengthening mask that helps in providing strength, conditioning, and shine to the tresses. Similarly, many vendors are offering specific products for various hair types, which will increase sales and augment the growth of the professional haircare products market share over the forecast period.
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Report Highlights:
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APAC will offer several growth opportunities to market vendors during the forecast period. Almost 30% of the market’s growth will originate from APAC during the forecast period. China is the critical market for professional haircare products in APAC.
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The global professional haircare products market is fragmented. Coty Inc., Henkel AG & Co. KGaA, Kao Corp., KOSÉ Corp., L’Oréal SA, Natura & Co., Shiseido Co. Ltd., The Estée Lauder Companies Inc., The Procter & Gamble Co., and Unilever Group. are some of the major market participants. To help clients improve their market position, this professional haircare products market forecast report provides a detailed analysis of the market leaders.
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As the business impact of COVID-19 spreads, the global professional haircare products market 2020-2024 is expected to have Positive growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
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Expansion of the Spa Market will be a Key Market Trend
The expansion of the spa market has positively impacted the growth of the global professional haircare products market. Spa visits have increased over the years as a significant number of consumers are conscious of the impacts of pollutants on their skin and hair. Spa treatments include hair-spa treatments such as dandruff removal, hair nourishments, and others. Hair-spa products are opted by consumers as well as professionals for hair spa treatments. Products such as L’Oréal professional Paris Hair Spa Cream helps in improving the hair texture and nourishment. Wella Professionals Brilliance Treatment helps in smoothening rough hair and colored hair, and Schwarzkopf Professional SEAH HAIRSPA Cashmere Masque helps in repairing damaged hair.
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Professional Haircare Products Market 2020-2024: Key Highlights
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CAGR of the market during the forecast period 2020-2024
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Detailed information on factors that will assist professional haircar
e products market growth during the next five years -
Estimation of the professional haircare products market size and its contribution to the parent market
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Predictions on upcoming trends and changes in consumer behavior
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The growth of the professional haircare products market
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Analysis of the market’s competitive landscape and detailed information on vendors
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Comprehensive details of factors that will challenge the growth of professional haircare products market vendors
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Executive Summary
Market Landscape
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Market ecosystem
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Value chain analysis
Market Sizing
Five Forces Analysis
Market Segmentation by Product
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Market segments
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Comparison by Product placement
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Hair colorants – Market size and forecast 2019-2024
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Shampoos and conditioners – Market size and forecast 2019-2024
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Hair styling products – Market size and forecast 2019-2024
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Market opportunity by Product
Market Segmentation by Distribution channel
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Market segments
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Comparison by Distribution channel placement
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Offline – Market size and forecast 2019-2024
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Online – Market size and forecast 2019-2024
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Market opportunity by Distribution channel
Market Segmentation by Type
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Market segments
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Comparison by Type placement
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Regular haircare products – Market size and forecast 2019-2024
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Natural and organic products – Market size and forecast 2019-2024
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Market opportunity by Type
Customer landscape
Drivers, Challenges, and Trends
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Market drivers
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Volume driver – Demand led growth
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Volume driver – Supply led growth
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Volume driver – External factors
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Volume driver – Demand shift in adjacent markets
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Price driver – Inflation
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Price driver – Shift from lower to higher priced units
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Market challenges
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Market trends
Vendor Landscape
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Overview
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Vendor landscape
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Landscape disruption
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201013006060/en/
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