CAGR: 5.30%Current Market Size: USD 2016.7 BillionFastest Growing Region: Europe
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The Global Hair Texturizer Products market is expected to grow from USD 2016.7 billion in 2022 to USD 3025.29 billion by 2030, at a CAGR of 5.30% during the Projection period 2023-2030. An increase in the number of beauty-conscious customers mainly drives the growth of this market.
Hair with a texture has strands that take the form of curves, spirals, zigzags, or waves; it may also be kinky, coily, curly, or wavy. Knowing the texture of your hair can help you care it appropriately for its kind and evaluate your goals for using it. A chemical treatment known as a texturizer for natural hair works to smooth and defrizz your hair while loosening up your curls. You shouldn't leave the treatment on your hair for more than five minutes. Texturizers work to change your natural texture to make your curls more manageable, while they are comparable to hair relaxers in that regard. Unique characteristics of textured hair require remedies that have been properly designed. Due to its inherent curl pattern, raised cuticles, decreased sebum secretion, and restricted spreading down the shaft, textured hair suffers from dryness in consumers frequently. It is difficult to nourish and maintain textured hair because of its high curliness, ellipticity, and structural fragility. These characteristics make the hair more challenging to maintain since combing and brushing are harder and a deliberate hair care routine is needed. Traditional hair care formulations employ relaxers to get around these issues, but they can do serious long-term harm to textured hair, making it brittle and vulnerable to repeated breaks.
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Market Dynamics:
Drivers:
The primary driver of market demand is the higher spending on hair texturizer products by women with textured hair. Textured hair takes more work to manage and repair because of its curl pattern, which causes it to become more fragile and prone to breaking over time. Consumers with textured hair still need multifunctional therapies to fix the harm caused by earlier chemical treatments and unfavourable environmental factors.
Restraints:
When you use textured hair products, a chemical causes your hair's protein structure to be broken down. The harsh chemicals may cause your hair strands to become weaker. Chemicals can change your hair's natural composition, which might lead to shedding. It creates wear and tear much like anything improper for your body. Chemicals may readily be absorbed by the scalp and degrade the quality of fresh hair development since the scalp is the source of nourishment for healthy hair growth. Long-term chemical usage can even burn the scalp, permanently removing certain hair follicles.
Opportunities:
One of the key factors driving the need for hair texturizer products is the hair care industry's trend toward organically derived shampoos and conditioners that are especially formulated for consumers with textured hair. Customers who care for their textured hair are looking for high-performing, ethically made products that are free of hazardous chemicals and need kinder, sulfate-free formulas that cater to their particular hair type. Customers with textured hair are turning to shampoos that clean and protect hair without robbing it of its natural oils as these trends continue. In order to infuse moisture and relieve dryness with healthier solutions, these people also look for conditioners, hair moisturising emollients, and multi-functional treatments with fewer chemicals and more natural components.
Challenges:
A movement in consumer preference from hair style products to hair care products in order to attain natural and healthy hair is limiting the market for hair texturizer products. Customers are switching to organic hair care products as a consequence of its negative side effects. In North America, there are several chemical-based hair style treatments that might harm hair development or cause hair loss if used excessively, which limits the market for hair texturizer products.
Segmentation Analysis:
The global Hair Texturizer Products market has been segmented based on Source, Product type, and Regions.
By Source
The Source segment includes Natural and Conventional. The Natural segment led the Hair Texturizer Products market with a market share of around 18% in 2022. More than half of customers with textured hair make at least one purchase of hair products every month. At least twice a month, more than one-third of consumers with curly and coily hair buy hair products. A chemical treatment known as a natural hair texturizer is used to make curly hair less curly and more manageable. People with thick, wavy hair who want to avoid using conventional or who want a simpler approach to style their hair frequently use it to release the curls without completely straightening it.
By Product type
The Product type segment includes Dry Shampoo, Hair Cream, Hair Gel, Hair Mousse, Hair Pomade & Paste, Hair Spray, and Hair Protectant. The Hair Cream segment led the Hair Texturizer Products market with a market share of around 18% in 2022. Target customers are becoming more and more accustomed to using various hair Texturizer Products including Dry Shampoo, Hair Cream, Hair Gel, Hair Mousse, Hair Pomade & Paste, Hair Spray, and Hair Protectant, and similar others. Hair Cream is wonderful for improving natural curls without adding a strong finish and is often thicker than other treatments. Excellent for smoothing back hair without giving it much grip or crunch. It also gives tough hair a natural sheen. It retains the tamed hair firmly so that they don't fall and smoothens them. Simply said, it eliminates flyaway and frizz without making hair heavy.
Global Hair Texturizer Products Market- Sales Analysis
The sale of Hair Texturizer Products types expanded at a CAGR of 4.90% from 2016 to 2022.
Customers are exerting more effort to preserve their skin tone, hair texture, and facial look, which has led to a rise in demand for goods from the hair care, skincare, and body care sectors in the cosmetics business. In the hair care market, consumers, particularly millennials, want their hair to be healthy and well-nourished. One such product that spurs demand from its target clients is hair texturizers.
During the anticipated period, a rise in the demand for multipurpose Hair Texturizer products is anticipated to benefit the market for the formulas of Hair Texturizer products. Because they may be used for numerous purposes at once, multi-purpose Hair Texturizer products are popular. An example is a hair cream that can be used as an oil, a conditioner, or even a serum.
One of the key factors influencing consumer demand for hair texturizer products is their desire for healthy, styled hair.
Thus, owing to the aforementioned factors, the global Hair Texturizer Products Market is expected to grow at a CAGR of 5.30% during the Projection period from 2022 to 2030.
By Regional Analysis:
The regions analysed for the Hair Texturizer Products market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North America region dominated the Hair Texturizer Products market and held a 35% share of the market revenue in 2022.
Global Hair Texturizer Products Market- Country Analysis:
Germany’s Hair Texturizer Products market size was valued at USD 105.87 billion in 2022 and is expected to reach USD 323.85 billion by 2030, at a CAGR of 4.5% from 2023 to 2030. Germany is a significant importer of cosmetics' raw ingredients, including items for hair products. Industry analysts claim that components including vegetable oils, botanical extracts, and essential oils are becoming more and more popular in Germany's hair Hair Texturizer Products market. Given the rising demand for high-end hair Hair Texturizer Products.
China’s Hair Texturizer Products market size was valued at USD 112.93 billion in 2022 and is expected to reach USD 396.54 billion by 2030, at a CAGR of 4.7% from 2023 to 2030. In Asia-Pacific, China continues to be the largest market for hair texturizer products. The market for Hair Texturizer Products in the area is being pushed by a number of reasons, including changing lifestyles, increased disposable income, product innovation, and marketing initiatives.
India's Hair Texturizer Products market size was valued at USD 134.10 billion in 2022 and is expected to reach USD 539.26 billion by 2030, at a CAGR of 4.9% from 2023 to 2030. The market is anticipated to be significantly driven by shifting consumer dynamics and rising consumer awareness of the product. These changes are brought by the large millennial population, urban migration, and increased employment of women in the region.
Key Industry Players Analysis:
To increase their market position in the global Hair Texturizer Products business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, type developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
5.30% |
Market Size |
2016.7 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Source, By Product type, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Procter & Gamble Company, Oribe Hair Care, LLC, Garnier LLC, Beiersdorf, Inc, Coty Inc, Unilever group (Sunsilk), Verb Products, Kline & Company, Henkel AG, and Co. KgaA. |
By Source |
|
By Product type |
|
Regional scope |
|
Scope of the Report
Global Hair Texturizer Products Market by Source:
Global Hair Texturizer Products Market by Product type:
Global Hair Texturizer Products Market by Region:
The North America Hair Texturizer Products market was projected to gain a global market share of 35% in 2022.
The global Hair Texturizer Products market is expected to grow with a 5.30% CAGR during the Projection period.
The Source segment includes Natural and Conventional.
Procter & Gamble Company, Oribe Hair Care, LLC, Garnier LLC, Beiersdorf, Inc, Coty Inc, Unilever group (Sunsilk), Verb Products, Kline & Company, Henkel AG & Co KGaA and Others
The growth of this market is mainly driven by an increase in the number of beauty-conscious customers.
Political Factors- Hair texturizer products market should carefully examine pressure group, social/environment, and labour union protests as they have a significant impact on how policies are made. Close cooperation with these organisations may improve the hair texturizer products market's capacity for community engagement and the accomplishment of long-term business objectives. Additionally, a well-developed governance structure and a democratic political climate improve the business climate for markets like the hair texturizer products market. Government policy changes that happen frequently make the environment more unclear, which is bad for corporate success. hair texturizer products market should keep up with political developments in the nation because a change in leadership could affect the government's priorities for the growth of various businesses.
Economic Factors- A nation's economic development directly impacts organizational performance. The hair texturizer products market has numerous chances for expansion in expanding economies. In a similar vein, it's critical to comprehend the stage of the industrial lifecycle. Due to market saturation, entering mature sectors might be more difficult than entering businesses in the growth stage. Additionally, the amount of money spent on key infrastructure development by the host country's government has an impact on the hair texturizer products market's financial performance. The business climate is made easier by a well-developed infrastructure, which also boosts the gold industry's growth potential in the respective nation.
Social Factors- The emergence of social media and e-commerce has pushed consumers to shop online. Because younger people are more likely to shop online than older consumers, the hair texturizer products market needs to understand the generational disparities in online shopping behaviour. When creating marketing and communication plans, it is important to take into account the rising use of mobile devices and social networking sites. Any society's acceptance of hierarchy and income disparity can be seen in the power distance. When entering markets with a high or low power distance, hair texturizer products market. must modify its business management practises. The power structure is changing as a result of the rising inequality in many nations, which has significant ramifications for global corporations like the hair texturizer products market.
Technological Factors- To understand how new technologies affect the firm's value chain and current cost structure, the hair texturizer products market must take into account the micro and macro investments made by rivals. In a setting where creative disruption is prevalent, research and development efforts are crucial. To maximise earnings in such a situation, the hair texturizer products market should invest in disruptive technology and reinvest the money in even more disruptive technologies in the future. The lifecycle of developing new products has been shortened by the adoption of new technology. New products are created swiftly today, and supply chain partners have more clout as well. It puts pressure on the hair texturizer products market to create new goods fast, diversify its product line, include flexibility into the value chain, and cultivate positive business relationships with partners in the chain.
Environmental Factors- The use of green/eco-friendly items is becoming more popular. hair texturizer products market. might seize the chance and implement eco-friendly company strategies to gain the confidence of stakeholders. Priorities for product innovation are changing as a result of regulatory organisations' emphasis on ensuring conformity with environmental standards. hair texturizer products market must put an emphasis on selling their products' environmental friendliness rather than their usual value propositions. A unfavourable reaction from the media, environmental protection organisations, customers, and the general public may result from the hair texturizer products market's excessive resource consumption. In order to identify which resources (such as water, power, etc.) are uncommon or which species are endangered, whose excessive consumption can cause problems for the organization, the hair texturizer products market must research the country's specific environmental rules.
Legal Factors- Given that some nations have severe laws for the security of workers, the hair texturizer products market. must abide by the laws governing employee/labor health and safety. hair texturizer products market has an ethical and moral duty to give its employees a safe place to work. In a similar vein, anti-discrimination laws (such as equal employment opportunity laws) also need to be carefully considered when developing human resource practises as discriminatory lawsuits against employers harm the organisational image and affect organisations' capacity to attract and retain talent. The privacy and security concerns of consumers have made data protection a crucial issue. hair texturizer products market must research data protection laws in order to safeguard client information. Laws are also in place to limit prices, guarantee a particular level of quality, and shield customers from deceptive marketing promises.
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