Hair Care Product Sales to Reach 42.5 Billion by 2010
This entry was posted on May 8, 2008.
I didn’t need a very expensive report to tell me the trends but it is now confirmed. The hair care product market is expanding like never before! According to a report issued by Global Industry Analysts, Hair care is witnessing tremendous growth primarily due to the increasing consumer emphasis on healthy hair, the catchword being 'Personal care begins with hair'. Hair care is one of the most competitive segments in the toiletry industry. World market for hair care products is projected to reach $42.5 billion by the year 2010.
Men becoming more conscious of their appearance and devoting a larger portion of their resources towards adorning their locks and looks, imparted a new dimension to the hair care industry. Within the hair care products market, demand for hairdresser-related products is greatly influenced by growth in disposable income and changes in consumer spending and habits. Upscale professional products are increasingly finding takers for home use. Demand is also on the rise for natural and salon-based products. Ingredients gaining popularity include aromatherapy oils, natural plant extracts, proteins, exotic botanicals, shine enhancers and products fortified with vitamins and UV protection. Shampoo Market worldwide is forecasted to grow at a CAGR of 3.35% over the years 2011 through 2015, as stated in a recent report published by Global Industry Analysts, Inc. Conditioner Market in Asia-Pacific is projected to reach $405.64 million by the year 2012.
It means more good stuff for me to review and products for you to try!
Provided by Global Industry Analysts.