Hair Raising US$50 Billion Global Hair Care Market Grows With 10,000 Launches Every Year
The upturn of the global economy and the consequent rise in disposable income among consumers both in the developed and the emerging markets has propelled robust growth of the hair care market. Young people are becoming more fashion conscious and are turning to hair styling and colouring products to express their individuality. According to industry experts, the global hair care market is characterized by nearly 10,000 launches per year, representing the dynamic nature of the market.~ Yahoo Finance.
Posted on - Sep 16, 2014
Amongst the various markets covered by the personal care and cosmetics industry, the hair care market is probably the most fragmented, highly dynamic, and competitive. The hair care market is a multi-billion dollar industry; the global expenditure on hair care products crossed the mark of US$50 billion in the year 2013. The dynamic global hair care market is driven by the need to satisfy highly divergent grooming needs, continually changing lifestyles, global demography, and even economies of major regional markets
Click here to see Size of the global hair care market from 2012 to 2021 (in billion U.S. dollars)*
Click here to see Hair Care Market: Global Industry Analysis and Forecast to 2020.
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