Lucintel Forecasts Good Growth for the Global Hair Care Products Industry
Lucintel forecasts good growth for the global hair care products industry
Irving, TX (PRWEB) May 11, 2013
The global hair care products industry mainly comprises the manufacturers of all hair care products such as shampoos, conditioners, hair oils, hair colorants, hair treatment products, and hair styling products. The industry revenue is forecast to reach an estimated $82.2 billion in 2018 with a good growth during 2013-2018.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the industry and presents its findings in “Global Hair Care Products Industry 2013-2018: Trend, Profit, and Forecast Analysis”. Europe dominated this industry with the highest market share of approximately 35% in 2012. Europe is closely followed by Asia Pacific, which has emerged as the fastest-growing region in the industry.
Lucintel´s report provides an overview of the industry´s challenges. Hair care products have evolved over the years and there are numerous shampoos, hair conditioners, hair colorants, hair oils, and hair styling agents available to consumers. With so many products offered in the market, manufacturers are challenged to maintain the quality of each product. Increasing cost of raw materials and packaging materials are also significant challenges for the manufacturers. All hair care product manufacturers are striving to meet the challenges and maintain profitability.
In addition to these challenges, the study highlights the growth drivers in the industry. The global economy is recovering after the recession, and the disposable income of many people in many regions around the world is increasing, which in turned has fueled the growth of consumer spending. Young people are growing more fashion conscious and more are turning to hair styling products and hair colors to express their individuality. These types of changes in consumer habits are also driving the industry. Hair care product retailers are becoming more organized in their trade. Greater attention to customer preferences and more widespread product availability are helping the market grow.
This market report is an indispensable reference guide for materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market. To make business, investment, and strategic decisions, timely, useful information is needed, which is fulfilled by this market report.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel offers Opportunity Screening and Business Strategy Consulting services to support decision makers in achieving their growth objectives.
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