Black Hair Care Industry Worth. The focus on Black hair care is a starting point for Anderson because its a culturally specific industry with products that are for Black people yet few Black. The pie is the black haircare market which according to the market research firm Mintel is worth 684 million.
Black consumers are internally driven in shaping their unique style but they also look to influencers to solidify their haircare from product choices to. A 2019 report by Nielsen found that what it calls the ethnic hair and beauty aids category is worth 635 million in the United States with African Americans comprising 86 of the spend in the segment. The beauty industry comprising skincare color cosmetics haircare fragrances and personal care has been affected by the COVID-19 crisis as there have been widespread retail and salon store closures leading to the weakening sales of various beauty and personal care products in South.
The pie is the black haircare market which according to the market research firm Mintel is worth 684 million.
With a VC funding gap for Black entrepreneurs significant market opportunities are being overlooked say beauty founders. Instant industry overview Market sizing forecast key players trends. The beauty industry comprising skin care color cosmetics hair care fragrances and personal care has been affected by the COVID-19 crisis as there have been widespread retail and salon store closures leading to the weakening sales of various beauty and. Mintel values the black hair care industry at more than 25 billion.
