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Hair Styling Products Market Size
- Report ID: GMI11714
- Published Date: Oct 2024
- Report Format: PDF
Hair Styling Products Market Size
The global hair styling products market size was valued at USD 27.4 Billion in 2023 and is expected to grow at a CAGR of 5.7% between 2024 and 2032. The growing influence of social media among teenagers and millennials drives the progression of the industry.
Platforms like Instagram, TikTok, and YouTube quickly spread beauty trends. Influencers and beauty experts show new hairstyles and techniques, encouraging followers to copy these styles. This visual appeal makes hairstyling engaging, prompting viewers to buy the products used in popular tutorials. Additionally, user-generated content builds a sense of community and trust around these products, making them more attractive to potential buyers. Brands respond by offering a diverse range of hairstyling products for various hair types and styles, appealing to younger consumers' desire for inclusivity. Social media also allows instant feedback and reviews, influencing purchasing decisions, while targeted advertising helps brands reach specific demographics effectively. Challenges and trends, such as hairstyle transformations, further engage users and drive sales.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Hair Styling Products Market Size in 2023: | USD 27.4 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.7% |
| 2032 Value Projection: | USD 44.7 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 134 |
| Tables, Charts & Figures: | 247 |
| Segments covered: | Category, Formulation, Type, Gender, Price, End Use, Sales Channel, and region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Consumers are becoming more aware of the risks associated with certain hairstyling product ingredients, such as allergens, toxins, and harsh chemicals. This awareness is leading to more cautious purchasing behaviour. As a result, demand for products known to cause adverse reactions is decreasing, prompting brands to reformulate their products or promote safer alternatives. Negative reviews and social media backlash about harmful side effects can damage a brand’s reputation, leading to lower sales and loss of consumer trust. Brands that do not address these concerns may struggle to retain loyal customers, while those that focus on transparency and safety can gain a competitive advantage.
The rise of the clean beauty movement has increased demand for natural and organic hairstyling products. Consumers are looking for options free from harmful chemicals, causing a market shift towards safer formulations. Brands that innovate and invest in research to create effective, non-toxic products may capture a larger industry share.
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Hair Styling Products Market Scope
