How Much Is The Hair Care Industry Worth?
The global hair care market is projected to grow at a CAGR of 335 during the forecast period 2020 - 2025. Its hard to fathom why so many huge companies chose.
Skin care sales for example have been growing 7 or 8 per cent a year for several years fuelled by 25 per cent to 30 per cent growth in active or dermo-cosmetics and natural brands.
How much is the hair care industry worth?. Organic beauty revenue per year. Currently is the worlds largest beauty market with about 20 share followed by China 13 and Japan 8. There is an increasing demand for hair care products and one of the leading trends in the hair care market are products for hair growth.
In 2015 the industry generated 562 billion in the United States. The changing fashion trends and rise in awareness of the availability of new more effective and safer hair care products have led to a significant increase in the use of these products which in turn boosting the hair care market globally. In 2018 the Black hair care industry raked in an estimated 251 billion as Black consumers have progressively made the switch from general products to those that specifically cater to them.
The black hair industry is worth an estimated 88 million with black women spending six times more on hair care than their white counterparts. Of this came from purchases of care and maintenance products worth 104 billion. Today the global beauty industry is a 532 billion business.
Alone at 25 billion. Industry conducted by BritainThinks to quantify for. According to analysts the global hair care market was valued at US 813 bn in 2015 and is projected to expand at a steady 3 CAGR between 2016 and 2024.
In 2018 the global hair care market is estimated to be worth about 879 billion US. How much do you think the industry is worth. The European hair care market clocked revenues worth USD 18 billion in 2013.
Skin care is a close second and growing fast expected to have revenue of almost 11 billion by 2018. The size of the global hair care market is expected to grow by 52 by 2026. Between 2018 and 2019 the organic beauty industrys revenue grew by 23 the third-largest increase since 2010.
A further 87 billion was. The market is expected to grow annually by 16 CAGR 2021-2025. In global comparison most revenue will be generated in.
Afrocenchix meets the demand for a natural afro hair care product The afro. Hair Products for care washing styling and grooming of hair Personal care and hygiene All personal care products including deodorant soaps and wash products bath. Shampoo holds the largest market share in the haircare segment and is estimated to grow to 30 billion USD by 2023 compared to 24 billion USD in 2016.
It is anticipated to generate revenues worth USD 24 billion in 2018. The global hair care market is expected to reach USD 2111 billion by 2025 according to a new report by Grand View Research Inc. GlobeNewswire Revenue from the sale of hair products on the US market is expected to reach 11198 billion by 2026.
The industry was making revenue worth 865 million in 2018 and it grew to no less than 1064 million in 2019. In 2016 the United States hair industry statistics show more than 33 of the beauty and personal care segment worldwide with 15 of the sales focused on haircare. Shampoo comprises the major chunk of the EU hair.
DUBLIN-- BUSINESS WIRE --The United States Hair Care Market Growth Trends and Forecasts 2019 - 2024 report has been added to. Mintel values the black hair care industry at more than 25 billion but that statistic doesnt include products such as hair accessories wigs or electric styling products. So the industry is.
Revenue in the Hair Care segment is projected to reach US9356m in 2021. The market is expected to reach US 1053 bn by the end of 2024. July 31 2019 0846 AM Eastern Daylight Time.
The increasing demand for hair color products owing to the. Thats despite the market research business Mintel valuing the black hair care market in the US. According to reports the global cosmetic products market was around 532 billion in 2017 and is expected to reach approximately 863 billion in 2024 with an inclusion of the Nigerian beauty market in 2018 estimated at N500 Billion annually.
Hair care is the largest segment with 86000 locations.
