United States Hair Care Market to Grow at a Formidable CAGR until 2025
Growing need to keep hairs
healthy coupled with prevalence of various hair disorders to drive United
States hair care market
According
to TechSci Research report, “United
States Hair Care Market By Type (Hair Spray, Conditioner, Shampoo, Hair
Oil, Others), By Distribution Channel (Modern Trade, General Store, Specialty
Stores, Online Sales Channel, Others), By Region, Competition, Forecast &
Opportunities, 2025”, United States hair care market is expected to
witness a steady CAGR over the forecast period. Prevalence of the beauty and hair
grooming trend in the country is
one of the major factors accounting for the growth of United
States hair care market. Moreover, high disposable income is further expected
to bode well for the growth of United States hair care market through the
forecast period. In addition to this, increased stress levels coupled with
changing lifestyle patterns has led to increased instances of hair loss amongst
young people, especially men, which is positively influencing the growth of United
States hair care market. Also, growing prevalence of hair-related issues from harmful
effects of pollution, longer working hours and longer travel times is making
headway for the growth of United States hair care market. Along with this,
rapidly expanding personal care industry is expected to positively contribute
to the market growth during the next five years. However, there are some
factors that might act as major impediments to the growth of United States hair
care market through 2025 including high cost involved in the manufacturing of
products. Moreover, increasing susceptibility to diseases such as cancer and
asthma by the use of hair care products might hamper the market growth during
the forecast period.
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United
States hair care market can be segmented based on type, distribution channel, company,
and region. Considering the distribution channel, the market is fragmented into
modern trade, general store, specialty stores, online sales channel, and others.
Among these, the online sales channel is projected to register high growth
during the forecast period. This high growth can be attributed to availability
of good discounts on numerous products. Moreover, variety of product are
available for the customers to check at the same time, which is expected to further
bolster the growth of the online sales segment over the next five years.
Additionally, consumers lack time to visit physical stores to purchase products
owing to their hectic lifestyle, which is propelling the segmental growth. Based
on type, the market can be categorized into hair spray, conditioner, shampoo,
hair oil, and others. Out of these, the shampoos segment accounted for the
highest hair care market share until 2019 and is expected to remain dominant
throughout the forecast period as well, which can be attributed to the fact
that shampoos are custom-made according to differences associated with hair
quality, age, specific scalp related problems, and hair care preferences which
significantly increases the demand for shampoos.
Shiseido USA, Johnson & Johnson
Services, Inc., Unilever USA, Amway, Oriflame USA, Procter & Gamble US, L'Oreal
USA, Inc., Revlon Inc., Kao, Beiersdorf Inc., are among others
are the leading players operating in United States hair care market. The
players are adopting several growth strategies to enhance the market scenario
of hair care. Other competitive strategies include new product launches;
mergers & acquisitions; agreements, partnerships, and collaborations; and
expansions to diverse their product portfolio in order to strengthen their
market position.
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“United States hair care market is forecast to register significant CAGR
until 2025 on account of development of advanced hair care products. Furthermore,
presence of numerous hair care brands in the country is further expected to boost
the market for hair care over the coming years. In addition to this, higher
spending on personal care products., is further aiding the market growth in the
country”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“United States Hair Care Market By Type (Hair Spray,
Conditioner, Shampoo, Hair Oil, Others), By Distribution Channel (Modern Trade,
General Store, Specialty Stores, Online Sales Channel, Others), By Region,
Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of United
States hair care market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in United States
hair care market.
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