The Hair Care Market in the US to grow by USD 1.95 billion from 2021 to 2026 | The availability of a wide range of hair colors and color shades to boost the market - Technavio

NEW YORK, Aug. 24, 2023 /PRNewswire/ -- The hair care market in the US is estimated to grow by USD 1.95 billion from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 4.82% during the forecast period. Also, the growth momentum will progress. For more insights on the historical (2017 to 2021) and forecast market size (2022 to 2026) - Request a sample report

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - buy the report!

Hair Care Market in US- Segmentation Assessment
Segment Overview
Technavio has segmented the market based on distribution channel (offline and online), product (shampoo, hair color, conditioner, and others).

• The hair care market in US share growth in the offline segment will be significant during the forecast period. Offline distribution channels for selling hair care products, including salons and spas; specialty stores, supermarkets, hypermarkets, department stores and club shops; clinics and medical institutes; and pharmacies. Furthermore, these specialty stores provide shoppers with hair care products with an enjoyable shopping experience with superior product presentation displayed in neater and better-designed aisles. They sell various personal care products and premium brands of beauty.

Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021), and forecast market size (2022 to 2026) - Download a Sample Report

Hair Care Market in US – Market Dynamics

Key Driver

The availability of a wide range of hair colors and color shades is a key factor driving market growth. The increasing use of these products is due to the changing fashion trends and the increasing availability of new, more effective, and safer hair dye products. Furthermore, sellers are offering new color shades, mainly targeting women between the ages of 20-40. Hair color has also become extremely popular among men. Consumers are willing to spend more money on safe and effective hair dye products. Hence, these factors are expected to drive market growth during the forecast period.

Major Trend - The growing demand for natural and organic hair care products is a major trend in the market. 

Significant Challenge -  The presence of counterfeit products is a significant challenge restricting market growth.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2022 to 2026)- Request a sample report!

What are the key data covered in this Hair Care Market in US report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the hair care market between 2022 and 2026
• Precise estimation of the size of the hair care market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the hair care market across US
• A thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of hair care market companies

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The hair care market is projected to increase by USD 19,677.67 million and the market size is estimated to grow at a CAGR of 4.18% between 2022 and 2027. This hair care market report extensively covers market segmentation by product (hair color, shampoo, conditioner, and others) and distribution channel (offline and online). The influence of social media and blogging is the key driver shaping the hair care market.

The hair care appliances market is projected to increase by USD 2,740.34 million and the market size is estimated to grow at a CAGR of 5.52% between 2022 and 2027. This hair care market report extensively covers market segmentation by product (dryers, straighteners, and others) and distribution channel (offline and online). The rise in the number of fashion-conscious consumers is driving the global hair care appliances market growth.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Distribution

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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.

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SOURCE Technavio