Asia-Pacific Hair Care Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2030
The Asia-Pacific hair care market is projected to grow at a considerable CAGR of 6.8% during the forecast period. The market is set to display impressive growth during the augur period with some key trends emerging, such as changing lifestyle and rise in disposable income. According to the World Bank Organization 2021, the disposable income of Asia-Pacific has been revised to 7.9% for household disposable income. Furthermore, Asia-Pacific is largest consumer base of the companies across the globe; therefore various key market players are focusing on product innovation as per the consumer preference of Asia-Pacific. For instance, in June 2018, the Hindustan Unilever Ltd.'s men grooming brand Brylcreem launched a wide range of hairstyling creams, wax, gel, and all-in-one shampoo. The products are launched in the partnership with online shopping website Amazon. Through this partnership, the company aims to extend its 2-commerce sales in Asia-Pacific.
The Asia-Pacific hair care market
is segmented based on product type and distribution channel. Based on the
product type, the market is segmented as shampoo, conditioner, hair oil, hair
colorants, hair styling products, and others. The other product type includes
waxes, pastes, mousses, and hair treatment products. Based on the distribution
channel, the market is segmented into offline channels and online channels. The
offline channel comprises supermarket/ hypermarket, convenience stores,
specialty stores, pharmacies/ drug stores, and others. Among the product
type, shampoo and other products such as the hair colorants segment are growing
due to the growing fashion industry along with growth in cosmetic and personal
care. Products with fragrances are available at many affordable prices, which
is witnessing the significant growth of the hair care market in the region.
Based on the demographic
viewpoint, the Asia-Pacific hair care market has been segmented into China,
India, Japan, ASEAN, South Korea, and the Rest of Asia-Pacific. China is likely
to hold a major share in the Asia-Pacific hair care market over the forecast
period due to the rapidly rising consumption of premium hair care products in
tier 1 cities and also, rising penetration in tier 2 & 3 cities of China.
Additionally, Japan remains the largest market for hair styling products across
the Asia-Pacific market.
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Asia-Pacific Hair Care
Market Coverage
•
The market number available for – 2023-2030
•
Base year- 2023
•
Forecast period- 2024-2031
Segment Covered-
·
By Product Type
·
By Distribution Channel
Asia-Pacific Hair Care Market Segmentation
By Product Type
·
Shampoo
·
Conditioner
·
Hair Oil
·
Hair Colorants
·
Hair Styling Products
·
Others (Waxes, Paste, Mousses, Hair Treatment
Products)
By Distribution Channel
·
Offline
·
Supermarket/Hypermarket
·
Convenience Stores
·
Specialty Stores
·
Pharmacies/ Drug Stores
·
Online
A full Report of Asia-Pacific
Hair Care Market is Available @ https://www.omrglobal.com/industry-reports/asia-pacific-hair-care-market
Regional Analysis
·
China
·
India
·
Japan
·
ASEAN
·
South Korea
Rest of Asia-Pacific
Company Profiles
·
Amway Corp.
·
Avon Products, Inc.
·
Ci:z Holdings Co., Ltd. (Johnson & Johnson
Service, Inc.)
·
Conair Corp.
·
Fiole Cosmetics Co., Ltd.
·
Johnson & Johnson Services, Inc.
·
KaO Corp.
·
Kindai Kagaku Co., Ltd
·
KOSE Corp.
·
L'oreal S.A.
·
Mandom Corp.
·
Marico, Ltd.
·
MoltoBene Ltd.
·
Neutrogena Corp.
·
Nippon Menard Cosmetics Co., Ltd.
·
Noevir Holdings Co., Ltd.
·
Oriflame Holding AG
·
Pias Corp.
·
POLA Orbis Holdings Co., Ltd.
·
Procter & Gamble Co.
·
Revlon, Inc.
·
Shiseido Co., Ltd.
·
Unilever plc
·
Vogue International LLC
·
Wella Operations US LLC
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