Hair Care Industry Earnings. It posted net earnings of 458 million a major improvement from the year-ago quarters net loss of 4 million. Approximately 77000 beauty salons and 4500 barbershops.
Net sales rose 155. 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. This growth in hair care market size will be attributed to numerous factors including a host of technological environmental and economic changes driving.
New research from Mintel reveals that sales of styling products have increased 268 percent from 2013 to estimated 2015 reaching 946 million now comprising 35 percent of Black haircare sales a significant increase from the 16 percent it represents.
Skin care is a close second and growing fast expected to. Rising aging population and growing trend in the fashion industry are anticipated to accelerate the market growth. Hair care Market is Segmented by Product Type by Distribution Channel and by Geography. Hair is important to Black consumers.
