Europe Hair Styling Products Market is Expected to Account for the Highest Market Share of Around 23.4% | Says FMI

The global hair styling products market is currently valued at around US$ 22.37 Bn, and is anticipated to progress at a steady CAGR of 5.2% to reach US$ 29.77 Bn by 2029.

A growing consumer tendency to experiment with trending hair styles and colors is primarily assisting the global demand for hair styling products. While cumulatively rising instances of hair loss and several other hair related problems are likely to be prominently responsible for the surging sales of hair styling products, a new market research study by Future Market Insights has cited celebrity endorsements to be playing a vital role in popularizing an extensive range of hair styling products worldwide – especially among consumers based in developing economies.

Research reveals that in the steadily expanding hair care landscape, hair styling accounts for a considerable share of more than 13%. A dramatically increasing rate of consumer demand for hair coloring, straightening, and perming that has been observed to be popular among millennial population, and hair coloring and styling treatments among the geriatric population are expected to widen the scope of hair styling products penetration in the near future.

With more number of customers opting for chemical procedures and treatments for styling their hair in a different manner, it is more likely that the traction for hair bond multipliers would also rise in coming years.

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Europe Leads the Pack, Sales to Gain Momentum in Developing Economies

The FMI study forecasts just-under 5% yearly growth in revenue for the global hair styling landscape in 2020, over that estimated for 2019. A senior research analyst says, “The rapidly increasing number of salons and spas, and growing consumer inclination towards adopting recent hair styling trends will be the most prominent factors boosting popularity

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Herbal Beauty Products Market is Rising Due to Growing Preference for Affordable and Organic Beauty Products Among Men and Women

The global herbal beauty products market  will grow at approximately 6.1% CAGR between 2021 and 2031. The target market nearly holds ~5.9% share in the overall beauty products industry

Because more people are becoming aware of the advantages of using herbal substances in beauty products, this preference is growing. Because synthetic cosmetics and skincare products include hazardous substances and chemicals that are known to have detrimental effects and cause a variety of skin disorders, people are turning more and more to herbal beauty.

Furthermore, thanks to commercials and other promotional activities on social media platforms like Instagram, Facebook, and Youtube, people are now more aware of the advantages of using herbal beauty products. These advertisements frequently highlight how using herbal beauty products can improve the tone, texture, and look of the skin.

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Key Takeaways from the Herbal Beauty Products Market Study

  • Based on consumer orientation, the global herbal beauty products market is segmented into adults and kids. The adult segment is estimated to account for the largest share by 2021 end.
  • China will emerge as a highly lucrative market for herbal beauty products in East Asia.
  • The U.S. will record the highest sales of herbal beauty products in North America.
  • Backed by presence of a well-established beauty industry, the sales of herbal beauty products will pick up pace in the I.K.
  • Supermarkets are expected to remain the preferred distribution channel for herbal beauty products. However, the sales via online platforms are expected to catch up soon.

 “Players currently operating in the market are focusing on innovations to expand their portolfio. Some are even targeting specific skin problems to carve a niche amidst soaring competition. Meanwhile, leading brands are expanding their availability across e-commerce platforms to gain competitive edge,” said a FMI analyst.

Impact of

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