What Is The Size Of Global Hair Serum Industry?
Global Hair Serum Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027.
The Global Hair Serum Market is largely driven by urbanization and changing lifestyles. There has been a change in the demand for hair care products in recent years, supported by the quickly developing fast fashion trends. Furthermore, the market for catering services is growing because of factors such as active advertising campaigns conducted by companies to lure the younger generation.
The growing preference among customers for organic & side-effect free products is boosting the worldwide organic hair serum market. The hair serum companies have shifted their emphasis to providing organic products which includes natural ingredients such as Aloe Vera, Jojoba Oil & Shea Butter made in-house using fresh ingredients. The market is expanding because of the increased focus on implementing technology to enhance the customer experience and minimize time hair breakage & hair loss.
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Global Hair Serum Market By Product Type
The Global Hair Serum Market is segmented by Product type into organic & conventional. There is a preference towards the conventional segment as of now due to the past profits that the industry has generated. However, in the upcoming years, organic segment is expected to grow overtime.
Global Hair Serum Market By Distribution Channel
The Global Hair Serum Market is segmented by distribution channel type into Online & Offline. Offline segment has been covering a major segment of the market owing to a wide variety of products.
Global Hair Serum Market By Region
The Global Hair Serum Market is segmented by region into North America, Europe, Asia Pacific, Middle East, South America. North America holds the largest share of market owing to rising consumer awareness with regards to hair loss & more frequent cases of hair fall & damage in the region.
Global Hair Serum Market By Basis Of Gender
The Global Hair Serum Market is segmented by basis of Gender into Male & female. The market captured by females is larger as compared to males. However, with increasing fashion taste amongst males, the segment is expected to rise in the upcoming years.
Competition Scenario In Global Hair Serum Market
The Global Hair Serum market is a highly competitive and diverse industry with many major players operating in the region. Here are some of the leading catering companies in the global hair Serum Market. Top players such as L’Oréal, Revlon, Elizabeth Arden, Proctor & Gamble, Unilever. The market is largely driven by rising demand for organic hair care products and active advertisement campaigns.
What Is The Expected Future Outlook For The Hair Serum Market Across The Globe?
The Global Hair Serum Market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Hair Serum Market is driven by customers' growing preference for organic, hair care products are driving growth in the Global Hair Serum services market. The growing preference among customers for organic & side-effect free products is boosting the worldwide organic hair serum market. The hair serum companies have shifted their emphasis to providing organic products which includes natural ingredients such as Aloe Vera, Jojoba Oil & Shea Butter made in-house using fresh ingredients. The market is expanding because of the increased focus on implementing technology to enhance the customer experience and minimize time hair breakage & hair loss.
In addition to this, companies are involving themselves in active advertisement campaigns in order to target the younger generation.
Although factors such as consumer hesitation with regards to product ingredients may hamper the market growth, the increasing popularity of hair styling products is clearly driving market growth. Our researchers examined the data with 2022 as the starting point, as well as the key drivers, trends, and challenges. A comprehensive analysis of drivers will assist businesses in refining their marketing strategies in order to gain a competitive advantage.
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Companies Covered:
- L’Oreal Paris
- Revlon
- Elizabeth Arden
- Unilever Plc.
- Proctor & Gamble
- Pattern
- John Paul Mitchell Systems
- Henkel
- Veolia
Key Target Audience:
- Females
- Millennials
- Younger Generation
- Individuals with Sensitive Skin
Time Period Captured in the Report:
- Historical Period:2017- 2022
- Base Year: 2022
- Forecast Period: 2022-2027
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