The professional hair care market in Asia-Pacific is expected to be worth USD 6162 Mn by 2029 from USD 4499 Mn in 2024, growing at a CAGR of 6.49% from 2024 to 2029.
Professional hair care products are premium products that handle several hair-related problems. These products fall under cosmetics and personal care products. The use of professional hair care products gives an aesthetic hairstyle. These products provide a common solution for problems like itchy or dry scalp by nourishing the hair & Scalp. These are made with several ingredients for varied solutions. Different professional hair care products give varied solutions according to the customer's requirements. For example, oily hair shampoo, volumizing shampoo, and other variants of shampoos are made up of different formulas that work for different hair-related problems.
Changing trends toward different hairstyles are propelling the growth of the Asia Pacific hair professional hair care market. Growing awareness of the availability of different hair care-related products is escalating the growth rate of the Asia Pacific professional hair care market. Along with this, the rising production rate of premium products in developed countries is enhancing regional market growth. Professional hair care products are more quality-based products than commercial products. The availability of professional haircare products in different forms and a rise in the demand for the purchase of premium products rather than commercial products are promoting the growth rate of the market to an extent. In addition, rising investments in the development of new products in favor of the end-users are greatly influencing the growth rate of the market tremendously. The easy availability of professional hair care products through online stores is ascribed to fueling the growth rate of the market. Rapid urbanization and growing disposable income are leveraging the demand of the professional haircare market.
However, the high cost of premium products due to the high cost of the raw materials used to manufacture is slowly hindering the growth rate of the Asia Pacific professional hair care market. Rising concern for organic hair care products is hampering the demand of the market up to some extent. The ingredients used in professional hair care products are a little harmful which also hinders the growth rate of the market in the Asia Pacific.
COVID-19 has impacted negatively on every sector, especially in 2020. In 2020, the Asia Pacific professional hair care market shares were completely down due to strict restrictions on the movement. Lockdown guidelines imposed by the government surpassed the demand of the market. Slowly the world is getting back into a normal state from the start of 2021, where there is high scope for the market to grow at a higher pace. Asia Pacific's professional hair care market is likely to hit the highest CAGR in the coming period.
Asia Pacific's professional hair care market is having the highest CAGR in the coming period. India and China are the major contributors to the market growing at a higher rate. The growing prevalence of the development of new products with the latest technologies and rising demand to increase the production rate are boosting the demand of the market in the Asia Pacific. Growing expenditure in emerging countries is also propelling the demand in the Asia Pacific professional hair care market. The presence of key players and rising awareness among consumers through digital platforms is leveraging the growth rate of the market. Increasing demand for aesthetic hairstyles is also promoting the growth rate of the market in India and China. Japan's professional hair care market is expected to have significant growth opportunities soon. Quick adoption of the latest products and growing knowledge of the benefits of organic ingredients are majorly increasing the growth rate of the Asia Pacific professional hair care market.
Companies playing a key role in the Asia-Pacific professional hair care market include Unilever Corporation, L'Oréal SA, Kao Corporation, Aveda Corporation (Estée Lauder), Avon Products Inc., Revlon Inc., Toni & Guy, Henkel Corporation, Procter & Gamble Co and Shiseido Company.
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