The aforementioned factors are expected to make a collective impact on the overall growth of the global hair grooming market during the forecast period. The hair grooming market is predicted to grow from under US$ 80 billion in 2017 to almost US$ 95 billion in 2022 witnessing a CAGR of 3.5%.
Rockville, WA -- (SBWIRE) -- 06/26/2018 -- The global hair grooming market is anticipated to get a shot in the arm with increasing sales of hair care products observed in different regions. Desire to have smooth, healthy, and lustrous hair could be a dominating factor augmenting the demand in the market. Hair grooming products are not only bought by women at a rising rate but also men due to heavy emphasis on personality development and overall wellbeing. A significant count of consumers across the globe are observed to have their purchase decisions influenced by swelling popularity of herbal and organic products. The market is expected to bear a positive impact triggered by accentuation of formulating more efficient products.
Expected to register a 3.5% CAGR during the forecast tenure 2017-2022, the global hair grooming market could achieve a valuation of close to US$95.0 bn by the final forecast year. In 2017, it grew up to an US$80.0 bn.
Request Sample of this Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=67
Growing Popularity of Organic and Herbal Products Influences Purchase Decisions
Development of new products is predicted to prove itself as a powerful factor supporting the growth of the world hair grooming market. Besides this, vendors could focus more on enhancing the functionality of their products as they make telling investments in research and development activities. Overall growth of the market is projected to rise at a modest pace, and this trend could continue to take shape in the next few years.
On the basis of product, the world hair grooming market could be segregated into five segments, viz. hair color, hair styling products, conditioner, hair oil, and shampoo. Among these segments, hair oil and shampoo secured a handsome aggregate share of almost a 50.0% of the market. The hair oil market is foreseen to expand by a US$2.0 bn during the course of the forecast period. By the end of 2022, the shampoo market could be valued at a US$31.0 bn. For both hair oil and shampoo, Asia Pacific except Japan (APEJ) is prognosticated to emerge as a stronger market in the coming years. It could take full advantage of its somewhat affluent, young, and colossal population base to maintain its position in the global market.
Request for Discount on this Report @ https://www.factmr.com/connectus/sample?flag=D&rep_id=67
Dynamic Characteristic and Aggressive Economic Growth of APEJ Bode Well
The dynamic nature of APEJ could hardly be ignored. The region is foretold to represent a third of the world hair grooming market with regard to revenue share. Another product that could offer substantial growth opportunities is conditioner, which is said to secure an 18.0% share of the global market. Envisaged to grow at a higher CAGR than that of the shampoo market, this segment could attain a valuation of over US$16.0 bn by the concluding forecast year. Apart from APEJ, vendors are envisioned to concentrate on North America due to impressive development of the grooming industry.
On the other hand, hair styling products could be largely purchased by consumers who are fashion-conscious. According to market analysts, fashion-conscious consumers could form a highly important demographic holding the capability to pull the market in one direction. By distribution channel, the international hair grooming market is projected to mark the share of supermarkets/hypermarkets growing just over a 50.0%. This segment could post a 3.2% CAGR. Proliferation of supermarkets in APEJ as a result of rapid economic growth is forecasted to help the segment showcase its prominence in the market.
Read Report @ https://www.factmr.com/report/67/hair-grooming-market
The international hair grooming market includes top players such as The Procter & Gamble Company, Avon Products, Inc., and The Estée Lauder Companies Inc.
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.