Hair Care Growth Statistics. Portfolio extension to product premiumization. The hair care product market is showing a steep rise in its growth.
It is expected to grow by a compound annual growth rate CAGR of 2 to reach the market value of USD 115 billion over the forecasted period till 2024. The base year considered for the study is 2016 and the forecast period is between 2017 and 2025. Whether you have slight thinning or significant balding many patients are self-conscious about their hair loss and seek effective hair growth options to restore their youthful appearance.
The global hair care market is led by the United States accounting for the largest share of the global market demand.
It is expected to grow by a compound annual growth rate CAGR of 2 to reach the market value of USD 115 billion over the forecasted period till 2024. The United States haircare market. The hair care market is expected to grow at a CAGR of 1 during the forecast period. Mass hair coloring sales rose more than 36 year-over-year for the first half of 2020 per Nielsen driven by a 137 spike in online sales.
