Organic Hair Care Market Is Forecasted To Expand At A CAGR Of 7.1% By 2032
The global organic hair care market is predicted
to witness a rising shift from the manufacture of solvent-based to water-based
products, which help with lower hair damage. Strong investment in the research
and development of natural ingredients that can care for dandruff, dry hair, scalp
irritation, and several other hair problems could set the tone for significant
global organic hair care market growth. One of the popular trends observed in
the global organic hair care market is the rising demand for natural
ingredients that can resolve specific hair problems.
The global organic hair care market stands at US$
10.32 billion in 2023. Worldwide demand for organic hair care products
is predicted to rise at a CAGR of 7.1% and reach a market
value of US$ 20.5 billion by the end of 2033.
The segment is also anticipated to show an impressive rise
in the global organic hair care market. Shampoo could be a top-selling product
of the global organic hair care market. Other products offered in the global
organic hair care market are styling agents, hair colorants, hair oils, and
conditioners.
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By sales channel, the global organic hair care market is
categorized into online store, drug store, modern trade, specialty store, and
professional salon. Among these, specialty store could show strong growth in
the global organic hair care market all through the course of the forecast
period.
Geographically, the global organic hair care market is
projected to find North America taking a lion’s share by the end of 2033. The
demand for organic hair care could increase in the region due to climate and
seasonal changes affecting hair quality. Rising consumer awareness about hair
care products that are based on natural ingredients is forecast to propel the
growth of the North America organic hair care market. Europe could be another
region showing impressive growth in the global organic hair care market. Rising
demand for superior and high-quality organic hair care products is expected to
cause a surge in the growth of the Europe market.
Water safety issues and large focus on investing in research
and development to follow safety norms related to eco-friendly products set by
governments are foreseen to augment the demand in the Europe organic hair care
market. In this regard, it could be said that the region may witness strong
demand for dry shampoo in the global organic hair care market. On the other
hand, Asia Pacific is envisioned to exhibit quicker growth in the global
organic hair care market. Availability of several distribution channels and changes
in lifestyle and customer preferences could push the organic hair care market
in the region.
The demand for organic hair care products in Asia Pacific is
predicted to soar on the back of increasing purchasing power of consumers and
high population growth. The advent of novel products in the natural and
Ayurvedic spheres and widening base of loyal customers could create lucrative
opportunities in the Asia Pacific organic hair care market.
The presence of small and large companies could render the
global organic hair care market moderately fragmented. High focus on new
product development and merger and acquisition is expected to become a trend
that most players could follow in the global organic hair care market. Players
may also concentrate on attracting the young population with innovative organic
hair care products.
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