The global hair styling products market is presently worth roughly US$ 22.37 billion, with a CAGR of 5.2 percent expected to reach US$ 29.77 billion by 2029. Hairstyling products are currently responsible for 27% of the worldwide hair care market. Because of shifting fashion trends and an aging population that is increasingly conscious of looking great and seeming young, hair styling products are in high demand.
Hair Styling Product Consumption Analysis (2014 To 2021) Vs Market Outlook (2022 To 2029)
From 2014 to 2021, the hair styling products market grew at a CAGR of 4.5 percent, generating revenue of US$ 21.29 billion. Hairstyling items such as hair creams, hair wax, hair gels, hair oils, and related products are growing popular among target clients.
Sulfate-free shampoos, anti-frizz conditioners, and hair sprays are the best hairstyle products for frizzy hair, while thickening hair creams, collagen mousse, and volume enhancer sprays are the finest hair styling products for thin hair. The greatest hairstyle products for curly hair include deep conditioners, curl creams, and smoothening serums.
Which Factor Is Majorly Driving Hair Styling Products Market Growth?
The global market for hair styling products is being influenced by several new trends. One of them is an increase in the sales of men’s hair styling products.
Previously, hair styling products were only popular among women, but today guys are exhibiting a keen interest in them as well. This is the result of global changes in fashion philosophies.
COVID-19 Impact On Hair Care Products Market
The COVID-19 crisis had an impact on the hairstyling goods market, as there were widespread retail and salon shop closures, resulting in lower sales of hairstyling devices and tools, as well as numerous beauty and hair styling products in the global market.
Hairstyling gadgets and tools were in short supply due to supply chain interruptions. Consumption of hair styling products has decreased significantly as a result of the above-mentioned cause of salon closures.
Key Questions Answered in the Report
- What is the assessed development pace of the hairstyling Products market?
- What is the projected market worth of hair styling products?
- Who are the key hair styling Products suppliers?
- What district has the most elevated portion of the overall industry in the worldwide hairstyling Products market?
- How can the hairstyling Products advertise faring in MEA?