Regional Overview: According to the
research report, “Opportunities
in the Asia-Pacific Haircare Sector: Analysis of Opportunities Offered by High
Growth Economies”, the global haircare sector was valued at USD
69,439.7 million in year 2017 and is estimated to reach USD 82,040.3 million by
the year 2022, growing at a CAGR of 3.4% during the period 2017–2022. The
Asia-Pacific haircare sector accounts for 35.2% share of the global market,
which was valued at USD 24,470.1 million in the year 2017. The haircare sector
is forecast to reach USD 32,824.6 million by the year 2022, growing at a CAGR
of 6.1% during the period 2017–2022.
Sector Overview: Of the seven categories, shampoo
holds the largest share that accounts for 50.4% of the total value sales
followed by conditioner that accounts for an aggregate value share of 27.5% in
the year 2017. A projected value CAGR of 7% will be witnessed during the period
2017–2022, however, the shampoo category is set to record the fastest growth
amid all the haircare categories in the Asia-Pacific Haircare Sector.
High Potential Countries: The haircare
sector in Asia-Pacific is geographically spread across China, Malaysia,
Philippines, and India. These countries are identified as the high potential
counties for the haircare products in the Asia-Pacific region. China will
witness a highest volume CAGR of 9.1%, followed by India that will witness a
volume CAGR of 7.4% during the period 2017–2022.
Brand Analysis: Hypermarkets & supermarkets
was the leading distribution channels for haircare products in the Asia-Pacific
region, accounting for 31.1% of total value sales in 2017, while convenience
stores, the second-largest channel, registered a 27.3% value share.
Distribution Channels: The leading
distributors for haircare products in the Asia-Pacific region are hypermarkets,
supermarkets and convenience stores. Hypermarkets & supermarkets are the
leading distribution channels that registered 31.1% of total value sales, while
convenience stores registered 27.3% value sales in the year 2017 for haircare
products in the Asia-Pacific region.
Packaging Formats: The most common
package material used in the Asia-Pacific haircare sector is flexible packaging
which registered a volume share of 61.4%, followed by rigid plastics which
registered a volume share of 36.8% in the year 2017. The usage of flexible
packaging has witness a faster growth during the period 2012–2022, and is
followed by rigid plastics.
Key Topics Covered in the
Report:-
·
Asia
Haircare Market Research Report
·
India
Haircare Market Research
·
China
Hair Care Market Research Report
·
Philippines
Haircare Industry Revenue
·
Haircare
Industry Competition
·
Asia
Haircare Major Players Market Share
·
Hair
care Market Asia Distribution Channels
·
Asia
Cosmetics Industry Research Report
·
Asia Haircare Market Forecast
·
Asia Haircare Market Future Outlook
·
Asia Haircare Market Growth Analysis
·
China Hair Care Market Forecast
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Ankur Gupta, Head Marketing & Communications
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