Professional Hair Care Market to Reach $26.24Bn, Globally, by 2026 at 4.6% CAGR: Allied Market Research

Professional Hair Care Market to Reach $26.24Bn, Globally, by 2026 at 4.6% CAGR: Allied Market Research

PR Newswire

PORTLAND, Oregon, June 8, 2020

- Fluctuation in hair style trends, rapid increase of disposable income, and rise in air pollution in developed regions drive the global professional hair care market.

PORTLAND, Oregon, June 8, 2020 /PRNewswire/ --  Allied Market Research published a report, titled, "Professional Hair Care Market by Product Type (Hair Coloring, Shampoos, Styling Agents, and Straightening & Perming Agent) and Distribution Channel (Hypermarkets/Retail Chain, E-commerce, Salons, Pharmacy, Specialty Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026."According to the report, the global professional hair caremarket garnered $19.16billion in 2019, and is estimated to reach $26.24 billion by 2026, registering a CAGR of 4.6% from 2019 to 2026.

Allied Market Research

Drivers, restraints, and opportunities-

Fluctuation in hair style trends, rapid increase of disposable income, and rise in air pollution in developed regionsdrive the growth of the global professional hair care market. However, hazardous chemical ingredients and high cost of the product hinder the market growth. On the other hand, developing economiesare anticipated to offer new opportunities in the coming years.

Request Sample Report at :https://www.alliedmarketresearch.com/request-sample/4620

COVID-19 Scenario-

The shampoossegment to maintain its lead status-

Based on product type, the shampoossegment accounted for nearly two-fifth of the global professional hair care market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due toavailability of wide range of professional shampoos in the market providing solution related to different hair problems such as hair fall, dandruff, rough hair, and others.However, the hair coloring segment is estimated toportray the highest CAGR of 4.9% from 2019 to 2026, owing torise in penetration of social media & celebrity influence, increase in fashion awareness, and surge in fashion trends related to hair color.

The salons segment to maintain its leadership position-

Based on distribution channel, the salons segment contributed to the highest market share with nearly one-thirdof the global professional hair care market in 2019, and is estimated to maintain its leadership position during the forecast period.This is attributed tosurge in number of barbers, hair dressers, and stylists. However, the e-commerce segment is estimated to generate the fastest CAGR of 6.10% from 2019 to 2026. This is attributed toeasy accessibility, heavy discounts and offers on cosmetics and personal care products including hair care products

North America to maintain its dominant by 2026-

Based on region, North Americaaccounted for the highest share based on revenue, holdingmore than one-thirdof the global professional hair care market in 2019, and is projected to maintain its dominant position throughout the forecast period. This is attributed torise in disposable income and consumer concern over looks and appearance specifically among the millennial in this region.However, Asia-Pacific is estimated toportray the fastest CAGR of 5.6% from 2020 to 2027, owing tofactors such aschange in lifestyle and increase in demand for cosmetics products including professional hair care products in this region.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/4620

Leading market players

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information:https://www.alliedmarketresearch.com/library-access

Similar Reports:

Hair Serum Market 

Hair Serum Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

Hair Mask Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

Herbal Toothcare Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

Hair Straightener Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web:
https://www.alliedmarketresearch.com
Follow Us on LinkedIn:
https://www.linkedin.com/company/allied-market-research 

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

Voltar noticias em Inglês