NEW YORK, Oct. 21, 2022 (GLOBE NEWSWIRE) — Kenneth Research has published an in-depth market report on “Global hair care market‘ for the forecast period, i.e. 2023 – 2033, which includes the following factors:
- Market growth over the forecast period
- Detailed regional summary
- market segmentation
- growth accelerator
- challenges
- Key market players and their detailed profiling
Global Hair Care Market Size:
The global hair care market is estimated to grow at a CAGR of approximately 6% during the forecast period. The growth of the market is attributed to growing hair care concerns among the population. The main concerns people have about hair are dandruff, hair loss and more. It is estimated that dandruff affects about 40% of the population. Dandruff is a very common condition. However, when the scales separate, it can also lead to hair loss. Therefore, the demand for hair care is growing.
Hair loss can also be caused by various factors including hereditary, hormonal changes, normal parts of aging and more. Overall, about 70 million Americans suffer from hair loss. By the age of 35, two-thirds of men would lose some or all of their hair. However, it also affects about 50% of women in America. Hence, this factor is expected to boost the growth of the market. Moreover, scalp psoriasis is another important factor to fuel the market growth.
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Global Hair Care Market: Key Insights
- Asia-Pacific holds the largest share
- Anti-dandruff segment to drive the highest growth
- experienced a significant presence in Europe
Increasing geriatric population to boost market growth
There is a growing geriatric population that is expected to further fuel demand for hair care. According to the World Health Organization, the number of people aged 60 and over will double worldwide by 2050 (2.1 billion). Between 2020 and 2050, the…
