New York, USA, May 11, 2022 (GLOBE NEWSWIRE) — According to Research Dive, the global market for men’s hair care and styling products It is estimated that it generates revenue of $43,910.1 million by 2028 and grow in a CAGR of 3.2% during the forecast period (2021 to 2028). The complete report summarizes the current market scenario comprising key aspects of the market such as growth drivers, lucrative growth opportunities, and restraining factors. In addition, the report provides all men’s hair care and styling products market trends, the impact of COVID-19 on the market, and market estimates, which makes it easier, useful and useful for new entrants to understand the market.
Market Synopsis for Men’s Hair Care and Styling Products
Increasing male pattern hair loss worldwide to accelerate the growth of the men’s hair care and styling products market.
However, a remarkable awareness among customers of harmful components in hair care products will slow down the growth of the global market for men’s hair care and styling products. Based on the regional analysis of the men’s hair care and styling products market, the Asia-Pacific market is anticipated to rise. at a CAGR of 4.0%, recording revenues of $8,386.8 million, during the forecast period.
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Market dynamics for men’s hair care and styling products
According to our analysts, the massive increase in male pattern hair loss and the serious concerns among men related to the increase in hair problems, including hair loss, dandruff and hair graying, are the main factors planned to drive the growth of global men’s hair care. and the styling products market during the analysis period. Furthermore, the increasing adoption of organic hair care products and the launch of various products by key market players are anticipated to create tremendous growth opportunities for the global market during the forecast period. However, increased competition in the hair care and styling products industry leading to increased pricing pressure is estimated to restrain market growth over the projected timeframe.
Impact of COVID-19 on the Men’s Hair Care and Styling Products Market
The COVID-19 pandemic has had an unfavorable impact on the global market for men’s hair care and styling products. The negative impact on the growth of the market is mainly due to the decrease in the demand for raw materials and the slowdown in the manufacturing and production of men’s hair care and styling products worldwide. However, initiatives taken by key market players such as product launches and strategic collaborations during the pandemic period are anticipated to drive and create massive growth opportunities for the market.
Post-COVID-19 Favorable Impact on Men’s Hair Care and Styling Products Market Growth. Connect with our Expert@ https://www.researchdive.com/connect-to-analyst/8550
The hair care sub-segment will hold the largest market share for men’s hair care and styling products
By product type, the hair care sub-segment is forecast to account for $29,112.4 million by 2028 and is expected to hold the lion’s share of the market during the analysis period. This is primarily due to the increasing use of various hair care products to cleanse, maintain, and improve the texture and appearance of hair. These products include shampoo, oil, conditioner, serum, and others. Furthermore, the growing popularity of modern approaches to grooming practices is another factor anticipated to drive the men’s hair care and styling products market by 2028.
E-commerce sub-segment to witness substantial growth
By distribution channel, the eCommerce sub-segment is estimated to generate revenue of $9,221.1 million by 2028 and is anticipated to experience significant growth in the global industry during the forecast period. The growth of this sub-segment is primarily due to e-commerce providing unrestricted access to information on hair care products, greater convenience and better results, and excellent efficiency for consumers.
The North American region will be the most dominant
By region, the North America men’s hair care and styling products market is projected to earn revenue of $23,491.9 million by 2028 and is expected to subjugate the market during the forecast period. The region’s dominant growth can be attributed to the presence of hair care companies such as L’oreal, Baxter and MAV in the US and Canada. Additionally, growing demand for premium hair care solutions, increased investments in promotional activities, and improved product packaging are other factors anticipated to drive regional market growth during the forecast period.
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Prominent Players in the Men’s Hair Care and Styling Products Market
Some of the major players in the global market for men’s hair care and styling products are:
- Baxters of California
- of Harry
- American crew
- Twenty-one
- Malin+Goetz
- hanz de fuko
- redken beers
- pigeon men
- old spice
- Axe.
These players are applying various strategies to gain competitive advantage and strong position in the global industry.
For example, in September 2021, cavin kare, India’s leading consumer goods manufacturer, announced its entry into the men’s grooming segment with the launch of its first purely personal grooming brand, ‘BIKER’S’. The company offers a large number of products that meet the needs of hair and body care, especially for urban men.
Frequent questions
Q1. What was the worth of the global Men’s Hair Care and Styling Products market in 2020?
Q2. What is the market size for men’s hair care and styling products?
Q3. Which are the main companies in the market for men’s hair care and styling products?
Q4. Which region has the greatest investment opportunities in the near future?
P5. What is the growth rate of the Asia-Pacific market?
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Reference-www.benzinga.com