Luxury Hair Care Market Size Worth $31.50
Billion By 2027
The global luxury hair care market size is anticipated to value USD 31.50 billion until 2027. It is also expected to register
5.9% CAGR over the forecasted period, 2020 to 2027. The increasing disposable income of the millennial population
coupled with rising awareness about hair care products is projected to propel the market growth.
In 2019, the product segment of shampoos accounted for the largest share of more than 31.4% owing to the increasing
consumer demand towards the adoption of shampoos having organic and natural ingredients. The hair coloring segment
is anticipated to gain the highest growth in the upcoming years due to the shifting trend towards the adoption of at-
home hair coloring treatment.
The specialty stores segment dominated the global market with a 31.0% share in 2019 on account of rising inclination
among consumers for physical verification of the products. On the other hand, the e-commerce segment is estimated to
witness the fastest growth in the upcoming years due to the increasing adoption of smartphones and the internet.
In 2019, Asia Pacific held the largest share of 39.3% across the global luxury hair care market owing to the rising
adoption of natural and organic shampoos across countries like India and China. North America is expected to register
significant growth over the forecasted years, 2020 to 2027 due to the surging consumer demand for premium hair care
products and rising online spending.
The market across the globe includes key players such as KOSÉ Corporation, L'Oréal, SEVEN, LLC, Alcora Corporation, and
Estee Lauder Companies. Product innovation and development is carried out by the key players to widen their
geographical reach and product portfolio.
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“The global luxury hair care market size is anticipated to value USD 31