PUBLISHER: SkyQuest | PRODUCT CODE: 1701081
PUBLISHER: SkyQuest | PRODUCT CODE: 1701081
Hair Styling Products Market size was valued at USD 24.2 billion in 2023 and is poised to grow from USD 25.68 billion in 2024 to USD 41.23 billion by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).
The growing demand for hair care devices is largely fueled by consumer awareness of the adverse effects associated with chemical hair treatments. As individuals seek safer alternatives, portable and convenient hair care devices are gaining traction, eliminating the need for frequent salon visits. Simultaneously, the global hair styling products market is set for robust growth, propelled by the increasing popularity of products like hair mousse and gel. This trend is further amplified by the influence of social media, particularly among teens and millennials, as hairstyles showcased by influencers and celebrities significantly shape consumer choices. The convergence of health-consciousness and social media trends is poised to drive sustained growth in the hair care and styling sector during the forecast period.
Top-down and bottom-up approaches were used to estimate and validate the size of the Hair Styling Products market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Hair Styling Products Market Segments Analysis
Global Hair Styling Products Market is segmented by Category, Formulation, Type, Price, Gender, End Use, Distribution Channel and region. Based on Category, the market is segmented into Hair colour, Gels and wax and Hair spray. Based on Formulation, the market is segmented into Serum, Hair spray, Cream & lotion, Oil, Wax & gel and Others (mousses, clay, pomade, etc.). Based on Type, the market is segmented into Organic and Inorganic. Based on Price, the market is segmented into Low, Medium and High. Based on Gender, the market is segmented into Male, Female and Unisex. Based on End Use, the market is segmented into Individual, Fashion industry and spas and salons. Based on Distribution Channel, the market is segmented into Offline Channel, and Online Channel. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Hair Styling Products Market
The Hair Styling Products market is primarily propelled by a growing consumer fascination with diverse hairstyles and a willingness to experiment with different colors and trends. The widespread acceptance of various hair types in Western cultures, such as straight, curly, and wavy styles, has significantly driven demand. Additionally, the market thrives on consumer adaptability, creating a vibrant and highly valued landscape for hair products. Continuous innovations and product launches by numerous companies further enhance the market's expansion, offering fresh and appealing options that cater to evolving consumer preferences and styling needs. This dynamic interplay of factors contributes to the robust growth of the hair styling products market.
Restraints in the Hair Styling Products Market
The hair styling products market faces significant restraints due to the growing emphasis on energy efficiency among consumers. As individuals become more conscious of responsible energy consumption, there is an increasing preference for low-energy appliances like hair dryers and straighteners. Devices such as the Philips DryCare Essential 1600W hair dryer illustrate this trend, showcasing how lower wattage options can utilize up to 23% less energy compared to traditional high-wattage models. This shift is influenced not only by consumer preferences but also by regulatory measures like the EU Ecodesign Directive, which restricts the usage of energy-intensive appliances, impacting the overall product offerings in the market.
Market Trends of the Hair Styling Products Market
The hair styling products market is experiencing significant growth driven by an increasing consumer consciousness regarding personal appearance and grooming. As modern lifestyles evolve, more consumers are leaning toward premium and sophisticated brands that promise quality. Continuous innovations by key industry players further fuel this expansion, supported by aggressive marketing strategies. A notable trend is the rising demand for natural and sustainable alternatives, spurring interest in plant-based formulations. In response, manufacturers are strategically launching new products that cater to this eco-conscious consumer base, aligning their offerings with the preference for environmentally friendly options, which is reshaping the landscape of the hair styling industry.