Men’s hair care and styling products market
Allied Market Research has launched a new report titled, “Men’s Hair Care and Styling Products Market: Product Type, Distribution Channel, Others: Opportunity Analysis and Industry Forecast, 2021-2030,” which provides a detailed analysis of top investment pockets, top winning strategies, drivers and opportunities, market size and estimations, competitive landscape, and changing market trends. ๐๐ก๐ ๐ฆ๐๐ง’๐ฌ ๐ก๐๐ข๐ซ ๐๐๐ซ๐ ๐๐ง๐ ๐ฌ๐ญ๐ฒ๐ฅ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญ $2,000.๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐๐๐, ๐๐ง๐ are sold for orders over $20,000. ๐ซ๐๐ ๐ข๐ฌ๐ญ๐๐ซ๐ข๐ง๐ consumes ๐ ๐๐๐๐ ๐จ๐ ๐.๐%.
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The growth of the hair care and styling products market is driven by increasing awareness about hair health and improving distribution networks. Consumers are willing to pay more for products that provide benefits to their hair health and help in preventing hair damage and hair fall. This awareness is expected to drive the development of the hair care and styling products market.
Another key factor stimulating the global demand for hair care and styling products is the growing public awareness regarding hair health and the prevalence of products that prevent hair loss and protect hair from damage. Lifestyle is also driving the market growth as increasing availability of hair styling products gives consumers the freedom to style and nourish their hair as per their need.
Additionally, there are some innovations such as the development of organic and natural hair care products that are free of harmful chemicals such as sulfates and parabens. The introduction of veggie keratin products is expected to grab consumer attention and boost sales. Product innovation is also contributing to the market growth.
The hair care segment and hair care products are used worldwide and are one of the major product types of hair care and styling products. Hence, it is expected to have an impact on the overall hair care and styling products industry. The hair care segment is valued at $24 billion and is expected to grow at a CAGR of 2.5% from 2020 to 2030 to reach $30.3 billion by 2030.
Over the past few years, there has been a trend towards using hair care products to style and maintain a neat appearance. The hair care and styling products market has witnessed significant growth as more and more people across the globe are opting for hair care products as a preventative measure to prevent hair loss and damage. Key market players are looking to strengthen their position by offering high-tech products and developing a strong distribution channel network that is expected to drive the market growth.
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Moreover, surge in popularity of hair care and styling products among consumers is expected to drive the market growth during the forecast period. Based on region, Asia Pacific was the leading region in 2020, capturing the largest share of the hair care and styling products market due to its huge consumer base and growing population. Small and medium-sized enterprises operating in the region are targeting online sales channels to boost sales. These companies are further investing in various marketing and advertising activities to increase product awareness.
The supermarkets and hypermarkets segment was the leading channel that held the largest share in 2020, growing at a significant CAGR during the forecast period of the hair care and styling products market, due to increased retail sales business in various regions, resulting in availability of large shelf space for realizing maximum sales.
Some of the major companies profiled in the report include American Crew, Baxter of California, Jack Black, Harry’s, Malin+Goetz, Hanz de Fuko, Dove Men, Redken Brews, Old Spice, Axe, etc. These companies are introducing new products in the market to increase their customer base and product sales.
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โ The report includes a detailed Men’s Hair Care & Styling Products market analysis of various segments and provides forecast for Men’s Hair Care & Styling Products market from 2020 to 2030.
o Porterโs five forces model depicts the potential forces of buyers and sellers and helps players in the Menโs Hair Care and Styling Products market to adopt effective strategies.
โ Profile the key market players and understand the strategies they are adopting.
โ This report provides a detailed analysis of the men’s hair care and styling products market trends and future forecast from 2021 to 2030, helping to identify market opportunities for men’s hair care and styling products.
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