The Global Luxury Hair Care Market was valued at $3.30 Billion in 2020. Growing at a high CAGR of more than 3.4% between 2020 and 2030, it is estimated to reach $4.60 Billion by 2030. But due to the current pandemic there might be a slight difference in the growth rate in the present year. This market is mainly driven by the increased e-commerce retails markets for the luxury hair care products. Also with the luxury hair care brands are now beginning to focus to target both the genders and this will help to drive the growth of the market during the forecasted period.
Global Luxury Hair Care Market Is Estimated to Witness Remarkable Growth
Source: SAI Research
The Global Luxury Hair Care Market has been segmented into product, distribution channel. By Product – shampoos, Conditioners, Hair Coloring Products, Hair Styling Products, Hair Oils. By Distribution Channel – Supermarkets and Hypermarkets, Departmental Stores, Specialty Stores. By Geography – North America, Europe, Asia Pacific, South America, Middle East and Africa.
By Region, Asia Pacific is Holding the Major Market Share
The Global Luxury Hair Care Market has been geographically segmented into North America, South America, Asia Pacific, Europe, Middle East and Africa. In addition to this, Asia Pacific Global Luxury Hair Care Market is holding the largest market share currently and is estimated to show the high compound annual growth rate in the upcoming years. This is mainly because of the increased demand of the natural and organic luxury hair care products and the Asian consumers are becoming more conscious about the benefits of the sustainably sourced luxury cosmetics.
Major Players in Global Luxury Hair Care Market
Some of the key players in the Global Luxury Hair Care Market include L’Oreal, Estee Lauder Companies, Alcora Corporation, Kao Corporation, KOSE Corporation, and SEVEN.
The Global Luxury Hair Care Market Has Been Segmented Into:
Global Luxury Hair Care Market, By Product Type
Global Luxury Hair Care Market, By Distribution Channel
Global Luxury Hair Care Market, By Region