According to the Federation of Medical Societies of Hong Kong, hair loss is one of the biggest problems faced by middle-aged men, and children and women are also susceptible to the issues pertaining to hair. Subsequently, this is leading to a demand surge in the Hong Kong professional hair care market. According to a newly published market intelligence report by IndustryARC, the Hong Kong professional hair care market is poised to attain a valuation of $67.67m by the end of 2023, growing at a CAGR of 2.9%.
The report titled, “Hong Kong Professional Hair Care Market: By Gender (Female & Male); By Organic Vs Inorganic; By Product (Coloring, Shampoo, Others); By Distribution Channel (Online, Hair Salons, Specialty Professional Hair Care Retail Stores, Others); By End-user (Salons, Bridal & Entertainment Industry) Forecast (2018-2023)” contains all the facts, figures, and statistics that provide a peek into the dynamics of the professional hair care market in Hong Kong along with the share of hair care products and services. The report also contains the market constraints that are foreseen in the upcoming years along with the trends and opportunities that will sustain the vendors in the Hong Kong professional hair care market.
Hong Kong Professional Hair Care Market: Leading Segments
The market expert has delved into all the segments of the Hong Kong professional hair care market and has come up with insightful findings, which are as follows –
·Hair Coloring –
The Coloring segment will observe the most lucrative opportunities during the forecast period as the demand for coloring will surge at a CAGR of 3.8% through 2023. Even though shampoo & conditioning will remain a steady segment, the coloring segment will be experiencing growth due to a gamut of reasons such as customers’ affinity towards fashion and the influence of social media as well, especially because social media has become a prominent platform for marketing and also a professional hair care marketplace. The major trend in the coloring segment is that people are opting for organic color, because lately, people are realizing the negative impact that ammonia has on hair. Copper brown has emerged as the most popular hair color in the Hong Kong professional hair care market, especially among women aged more than 30 years.
·Shampoo & Conditioners –
The most effective factor driving the sales of shampoos & conditioners is the awareness among consumers about the latest offerings and their benefits by the players in the Hong Kong professional hair care market. Furthermore, hair loss is one of the key factors that has driven the shampoo & conditioners segment.
View Full Table Of Content Of Hong Kong Professional Hair Care Market:
Hong Kong Professional Hair Care Market: Growth Drivers & Trends
·Hot and Humid Climate –
The increasing heat over the last few years is causing hair loss to many because the heat has a dehydrating effect on the hair, and the subsequent scalp sweat causes hair to lose its oily coating, making it prone to damage. The hot climate of Hong Kong is creating similar damage to hair, which is the reason people are opting for hair care products in order to protect their hair. The hot climatic condition is the most important factor that is creating sustainable opportunities in the Hong Kong professional hair care market.
·Perming and Straightening Trend –
There has been an increase in demand for Korean and Japanese perm, which is mainly attributed to the influence of Japanese culture. The perming and straightening segment is poised to attain a valuation of $7.55m by 2023.
Hong Kong Professional Hair Care Market: Competitive Landscape
Some of the key companies identified in the Hong Kong professional hair care market intelligence report that is striving to capitalize on the customer-base are L’Oreal Group, Procter & Gamble Co., Kao Corporation, Henkel AG & Co., KGaA, and Shiseido Company Limited.
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1. India Professional Hair Care Market –
2. U.S.A. Professional Hair Care Market –
What can you expect from the report?
The Hong Kong Professional Hair Care Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Hong Kong Professional Hair Care Market Size by Product Categories & Application
2. Hong Kong Professional Hair Care Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Hong Kong Professional Hair Care Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Hong Kong Professional Hair Care Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Hong Kong Professional Hair Care Market Strategic Analysis
18. Hong Kong Professional Hair Care Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Hong Kong Professional Hair Care Market Revenue and Volume Analysis
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Mr. Venkat Reddy
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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.