Professional Hair Care Market - Forecast(2021 - 2026)

Professional Hair Care Market Overview 

The global professional hair care market presented opportunities worth $14,000 to $14,600 as of 2018. And, its value will be increasing at a steady positive CAGR of 2.5% to 3.5% during the forecast period of 2019 to 2025. Although the product is exceptionally popular in most of the developed and developing nations, the European region grabs the highest market share in the global professional hair care market of around 34% to 36%. Among all segments, the analyst of the report highlights escalating demands in the professional hair care market in coloring application, projecting it to grow at a CAGR of 2.5% to 3% during the aforementioned forecast period.          


Professional Hair Care Market Outlook 

Professional hair care products are applied to handle common hair problems such as hair loss, dandruff, frizzy hair, itchy or dry scalp, and split ends. Professional hair care market is advocated by products such as shampoo, bleach, and hair conditioner. Application of these products nourishes the scalp and hairs and leaves an aesthetic hairstyle. In addition of these personal products, hair treatment processes such as cosmetology and perm are also gaining popularity among the young as well as aged population. With increasing self-awareness towards following trending fashion among youngsters is expected to drive profits in the professional hair care market.   


Professional Hair Care Market Growth Drivers

  • The globally increasing pollution and bad eating habits among the citizens have escalated the damage affecting the hairs. Furthermore, the stressful life poised by work, education, and household purposes has increased the hair damage globally.  
  • Augmented reality technological start-up Modiface innovated the deep learning technology based live video hair color simulation and tracking. According to the company, advancement in neural networks, hardware level optimization, and availability of ample amount to training datasets have made this photo-realistic coloration and video hair tracking possible. This advancement in the coloration technique is projected to attract demands on a large scale.
   

Professional Hair Care Market Trends

Beauty products giant L’Oréal acquired the Canadian company ModiFace. This acquisition was made by L’Oréal to further expand its worldwide expertise in beauty technology with the help of 3D virtual color, make-up, and skin diagnosis services.  
https://www.industryarc.com/Report/101/hair-salon-professional-hair-care-market.html


Professional Hair Care Market Challenges

  • The foundation of local hair care companies has introduced the production of economical hair care products. Due to the presence of such product fleet the key players are expected to face challenges while targeting the local population.
  • One of the key challenges in the professional hair care market is an inclination of the modern generation towards organic hair care products. This disposition among the people has affected the manufacturers of hair care products who use synthetic chemicals for the production.

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Location: United States

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