Professional Haircare Products Market to record USD 4.63 Bn growth | Driven by introduction of customized products | Technavio | News

NEW YORK, April 18, 2022 /PRNewswire/ — The “Professional Haircare Products Market by Product, Distribution Channel, Type, and Geography – Forecast and Analysis 2020-2024” report has been added to Technavio’s providing. The report gives an in depth evaluation of the growth of the market throughout numerous segments and supplies different priceless insights to assist companies make higher knowledgeable selections. With ISO 9001:2015 certification, Technavio is proudly partnering with greater than 100 Fortune 500 corporations for over 16 years.The potential growth distinction for the skilled haircare products market between 2019 and 2024 is USD 4.63  bn. The market witnessed a YOY growth of 3.97% in 2020 and the growth momentum is anticipated to speed up at a CAGR of 4% throughout the forecast interval.Download a Free Sample Report Now for highlights on market measurement, YOY growth charges, and different necessary statistics.Key Market Dynamics:Market DriverMarket ChallengesThe market is pushed by the introduction of customized products. To meet the evolving calls for of customers, key distributors available in the market are making important investments within the improvement of customized products and haircare therapies. For occasion, the sub-brands of L’Oréal, resembling Studio Line and Elnett Hairstyle are providing numerous products for blowouts, frizzy hair, shiny hair, thick hair, hair coloring, and texturing. Similarly, L’Oréal just lately launched its strengthening masks which helps in offering power, conditioning, and shine to the tresses. The introduction of such products by main distributors is driving the growth of the market.However, the growing penetration of DIY skilled haircare options will cut back the growth potential available in the market.Learn about extra key drivers, traits, and challenges accessible with Technavio. Read Our FREE Sample Report Right Now!The skilled haircare products market report is segmented by product (hair colorants, shampoos and conditioners, and hair styling products), distribution channel (offline and on-line), and geography (APAC, Europe, MEA, North America, and South America). By product, the hair colorants section generated most income available in the market in 2021. Similarly, by distribution channel, the offline section accounted for optimum gross sales of skilled haircare products in 2020.  APAC presently leads the market growth, occupying 30% of the worldwide market share. China and Japan are the important thing markets for skilled haircare products in APAC.View our pattern report for extra insights into the contribution of all of the segments, and regional alternatives within the report.Major Companies Mentioned:Coty Inc.: Key products provided by the corporate embrace WELLAPLEX BOND BUILDER SYSTEM and KOLESTON PERFECT.Henkel AG & Co. KGaA: Key products provided by the corporate embrace GLISS Extra Volume and GLISS Oil Nutritive.Kao Corp.: Key products provided by the corporate embrace FRIZZ EASE and LUXUROUS VOLUME.KOSÉ Corp.: Key products provided by the corporate embrace Fango Head Dry Shampoo and Hair colour therapy, underneath the model title Predia.L’Oréal SA: Key products provided by the corporate embrace INSTANT RESURFACING SHAMPOO and BLOW-DRY CREAM.Natura & Co.Shiseido Co. Ltd.The Estée Lauder Companies Inc.The Procter & Gamble Co.Unilever Group.Gain entry to extra vendor profiles with their key choices accessible with Technavio, Click Here.Related Reports:Hair Wigs and Extension Market by Product and Geography – Forecast and Analysis 2022-2026Hair Shampoo Market in APAC by Distribution Channel and Type – Forecast and Analysis 2022-2026Professional Haircare Products Market ScopeReport CoverageDetailsPage number120Base year2019Forecast period2020-2024Growth momentum & CAGRAccelerate at a CAGR of 4%Market growth 2020-2024USD 4.63 billionMarket structureFragmentedYoY growth (%)3.97Regional analysisblankPerforming market contributionAPAC at 30%Competitive landscapeLeading corporations, aggressive methods, shopper engagement scopeCompanies profiledCoty Inc., Henkel AG & Co. KGaA, Kao Corp., KOSÉ Corp., L’Oréal SA, Natura & Co., Shiseido Co. Ltd., The Estée Lauder Companies Inc., The Procter & Gamble Co., and and Unilever Group.Market DynamicsDad or mum market evaluation, Market growth inducers and obstacles, Fast-growing and slow-growing section evaluation, COVID 19 influence and future shopper dynamics, market situation evaluation for the forecast interval.Customization purviewIf our report has not included the information that you’re on the lookout for, you’ll be able to attain out to our analysts and get segments customized.Table of Contents:Executive AbstractMarket PanoramaMarket ecosystemValue chain evaluationMarket SizingMarket definitionMarket section evaluationMarket measurement 2019Market outlook: Forecast for 2019 – 2024Five Forces Analysis5 Forces SummaryBargaining energy of buyersBargaining energy of suppliersThreat of new entrantsThreat of substitutesThreat of rivalryMarket situationMarket Segmentation by ProductMarket segmentsComparison by Product placementHair colorants – Market measurement and forecast 2019-2024Shampoos and conditioners – Market measurement and forecast 2019-2024Hair styling products – Market measurement and forecast 2019-2024Market alternative by ProductMarket Segmentation by Distribution channelMarket segmentsComparison by Distribution channel placementOffline – Market measurement and forecast 2019-2024Online – Market measurement and forecast 2019-2024Market alternative by Distribution channelMarket Segmentation by TypeMarket segmentsComparison by Type placementRegular haircare products – Market measurement and forecast 2019-2024Natural and natural products – Market measurement and forecast 2019-2024Market alternative by TypeBuyer landscapeDrivers, Challenges, and TendenciesMarket driversVolume driver – Demand led growthVolume driver – Supply led growthVolume driver – External componentsVolume driver – Demand shift in adjoining marketsPrice driver – InflationPrice driver – Shift from decrease to larger priced modelsMarket challengesMarket trendsVendor LandscapeOverviewVendor landscapeLandscape disruptionVendor AnalysisDistributors coatedMarket positioning of distributorsCoty Inc.Henkel AG & Co. KGaAKao Corp.KOSÉ Corp.L’Oréal SANatura & Co.Shiseido Co. Ltd.The Estée Lauder Companies Inc.The Procter & Gamble Co.Unilever GroupAppendixScope of the reportCurrency conversion charges for US$Research methodologyList of abbreviationsAbout UsTechnavio is a number one international expertise analysis and advisory firm. Their analysis and evaluation focuses on rising market traits and supplies actionable insights to assist companies determine market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library Their shopper base consists of enterprises of all sizes, together with greater than 100 Fortune 500 corporations. This rising shopper base depends on Technavio’s complete protection, intensive analysis, and actionable market insights to determine alternatives in present and potential markets and assess their aggressive positions inside altering market situations.ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:[email protected]: www.technavio.com/ View unique content material to obtain multimedia:https://www.prnewswire.com/news-releases/professional-haircare-products-market-to-record-usd-4-63-bn-growth–driven-by-introduction-of-customized-products–technavio-301526966.htmlSOURCE Technavio

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