Luxury Hair Care Market Scope
Luxury Hair Care products are used to enhance the attractiveness of the hair it falls under the general category of cosmetics. The heightened awareness regarding the use of harmful chemicals in products or increasing concern towards hair health is growing the demand for luxury hair care products in the market. These products involved hair conditioners, hair sprays, hair straighteners and relaxers, permanent waves, shampoos, rinses, tonics, and dressings.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | L'Oréal S.A. (France), Estée Lauder Companies (United States), SEVEN, LLC. (United States) and Alcora Corporation (United States) |
CAGR | % |
The global Luxury Hair Care market is highly fragmented owing to the number of players present in the market. Market leaders are focusing on product innovation owing to the increasing demand for natural ingredients in skincare products. Such niche level up-gradation is expected to maintain demand for skincare products, thereby ensuring the long-standing of the industry. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Luxury Hair Care market throughout the predicted period.
L'Oréal S.A. (France), Estée Lauder Companies (United States), SEVEN, LLC. (United States) and Alcora Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Kao Corporation (Japan) and KOSÉ Corporation.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Luxury Hair Care market by Type , by Application (Individual and Commercial) and Region with country level break-up.
On the basis of geography, the market of Luxury Hair Care has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In December 2023, Unilever has signed an agreement to acquire K18, the biotechnology haircare company founded by Suveen Sahib and Britta Cox in 2020. The transaction is expected to close in the first quarter of 2024.
In February 2024, Beyoncé is launching a hair care line called Cécred on Feb. 20, according to a post last week on the singer’s Instagram account.
Influencing Trend:
Trend for Organic Luxury Hair Care Products
Market Growth Drivers:
Growing Adoption of Luxury Hair Care Products from Makeup Artist and The Fastest Growing Beauty Industries
Challenges:
Luxury Hair Care Products Faced With Increased Competition From Companies With Extensive Scale
Restraints:
Luxury Hair Care Products Are Costlier Compare to Ordinary Hair Care Products
Opportunities:
Growing Prevalence of Prestige Hair Care Collaborations with Online Retailers and Buying Luxury Hair Care Products Especially In Developed Economies from Europe
Key Target Audience
Luxury Hair Care Products Manufactures, Luxury Hair Care Products Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others