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Hair Styling Products Market Trends

  • Report ID: GMI11714
  • Published Date: Oct 2024
  • Report Format: PDF

Hair Styling Products Market Trends

Product innovation is crucial in shaping trends in the industry. Brands develop new formulations and technologies to meet consumer demands and set new trends. These innovations often include unique, plant-based ingredients that appeal to health-conscious consumers and support the "clean beauty" movement. Advanced formulations improve product performance with features like heat protection and long-lasting hold, meeting consumer needs for efficiency and effectiveness. Customization trends allow consumers to tailor products to their specific hair types and styling needs, appealing especially to younger audiences seeking personalized experiences.
 

Sustainability is also a major focus, with eco-friendly packaging and refillable systems attracting environmentally conscious consumers. Smart technology in hairstyling tools, such as temperature-controlled devices and personalized hair care apps, appeals to tech-savvy shoppers. Social media increases the visibility of innovative products as influencers showcase their results, quickly spreading new trends. Collaborations between brands and influencers or celebrities create excitement around limited edition releases, driving urgency
 

Consumer preferences and decisions in the industry is influenced by several factors. Social media platforms like Instagram and TikTok play a significant role, with influencers and beauty experts setting trends that followers want to imitate. Before buying, consumers often research extensively, relying on online reviews and testimonials that impact their choices. Brand loyalty is important, as consumers prefer trusted brands known for quality and safety. Awareness of harmful ingredients has led many buyers to choose products without harsh chemicals, aligning with the clean beauty movement focused on safety and sustainability. There is also a growing demand for personalized products tailored to specific hair types and styling needs.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The industry was valued at USD 27.4 Billion in 2023 and is estimated to grow at a 5.7% CAGR from 2024 to 2032, driven by the rising influence of social media on teenagers and millennials.

The market categorizes products into hair color, gels and wax, and hair spray. In 2023, gels and wax dominated, capturing a 39.7% market share. This segment is projected to reach USD 18.4 Billion by 2032 due to its versatility, catering to diverse consumer preferences and hair types.

Europe leads the industry with a CAGR of 6.1% and is expected to reach USD 16.2 Billion by 2032. The region's strong cultural focus on beauty and fashion, highlighted by fashion centers like Paris and Milan, drives global trends and boosts demand for innovative hairstyling products.

Key players in the market include CHANEL, Combe, Cover Your Gray, Coty, Estee Lauder, Hoyu, Indus Valley, and John Paul Mitchell Systems.

Hair Styling Products Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 247
  • Countries covered: 17
  • Pages: 370
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