Hongkong Professional Hair Care Market Worth $96 Million By 2030: IndustryARC

Hongkong Professional Hair Care Market size is expected to reach $96 million by 2030 after growing at a CAGR of 2.8% during the forecast period 2024-2030, according to the latest market research report published by IndustryARC. Increased consumer demand for professional hair care products, rising demand for chemical-free haircare products, growing demand for luxury products, and the increasing influence of social media are driving the demand for professional haircare products in Hongkong finds IndustryARC in its recent report, titled “Hongkong Professional Hair Care Market - By Gender (Male and Female), By Products (Coloring, Straightening, Styling, Shampoo, Conditioners, Serum and Others), By Type (Organic and Synthetic), By Distribution Channels (Hypermarkets/Retail Chain, Online, Salons, Specialty Stores, and Others) - Opportunity Analysis & Industry Forecast, 2024-2030.

 

Platforms like Instagram, TikTok and YouTube enable influencers and celebrities to showcase a diverse range of hairstyles, colors and treatments. These platforms foster a culture of experimentation thereby showcasing the latest hair trends. According to TransUnion Hong Kong, Gen-Z represent around 11% of the Hong Kong population or around 830,000 people. At least a third of Gen-Z in Asia spend more than 6 hours per day on average on their phones and spend more time on social media. Consequently, the demand for professional hair care products goes up due to the changing hair trends.

• Male 

• Female

• Coloring 

• Straightening

• Styling

• Shampoos

• Conditioners

• Serums

• Others

• Organic

• Synthetic

• Hypermarkets/Retail Chain

• Online

• Salons

• Specialty Stores

• Others

Organic hair care products nourish the hair without leaving any side effect. Organic and natural hair care products are a healthy option because they have milder formulations and don't strip hair completely of its protective oil. The major driving factor of the organic profession hair care market is that high end salons use only organic products due to increased awareness about organic products and its benefits. Several luxury salons such as Love Hair and Emmanuel F only use natural products in their salons driving the demand for organic professional hair care products in Hong Kong.

Increase in number of mobile hair dressers coupled with the availability  of products in retail stores and super markets in the 21st century where everything is face paced , consumers are attracted to comfort and easy availability which has highly popularized mobile hair dressers; promoting more and more hair dressers to take up freelancing which directly reduces the consumer base of professional hair salons and beauty parlors as the consumers rather have the desired services at the convenience of their home. In such cases it is essential for the brand manufacturers to keep up with the changing trends and increase their authorized distributor base. 

Due to the opportunities in the hair care market, there is a high rate of new entrants of shampoos, conditioners, hair gels, hair styling products and much more. Even the existing manufacturers are continually innovating and bringing out various new product lines in the market to the point that some product lines go completely unnoticed as there are so many options available that an imbalance is created between product supply and product demand. Top manufacturers are competing with small scale manufacturers of organic chemical-free products and constantly release new product batches while the old supply has not even reached the racks.

Technological advancement in the cosmetics industry coupled with expansion of distribution channels to provide noteworthy prospect to the Hong Kong Professional Hair care market. Growing innovations of professional hair care products to address rising hair care related problems to provide significant opportunities. For instance, HairCoSys, a Hong Kong start-up is offering personalized hair care solutions with an artificial intelligence (AI) powered platform that can detect and prevent hair loss. The company designed an app using proprietary AI algorithms that analyses photos of users heads to identify hair and scalp conditions before suggesting possible ways to treat it.

The hair care industry has several opportunities for innovations as consumers increasingly demand effective and science-backed solutions for a variety of hair concerns. A key opportunity lies in developing advanced hair care products that target specific hair issues at a cellular level. By harnessing breakthroughs in biotechnology, brands can create highly targeted formulations to address challenges such as hair loss, thinning, damage and scalp conditions. Moreover, a focus on preventative hair care, rather than solely remedial treatments, can position products as essential components of overall wellness routines.

• Hongkong Professional Hair Care Market size and Forecast 

• Hongkong Professional Hair Care Market trends

• Hongkong Professional Hair Care Market analysis by product type

• CAGR of the market during the forecast period 2024-2030

• Value Chain analysis of key stake holders

• Detailed analysis of market drivers and opportunities during the forecast period

• Hongkong Professional Hair Care Market size estimation and forecast

• Analysis and predictions on end user behavior and upcoming trends 

• Competitive landscape and Vendor market analysis including offerings, developments, and financials

• Comprehensive analysis of challenges and constraints in the Hongkong Professional Hair Care Market

1. L'Oreal Group

2. Procter & Gamble

3. Kao Corporation

4. Henkel AG & Co. KGaA

5. Shiseido Co. Ltd.

6. Revlon Inc.

7. Unilever Ltd.

8. Davines S.p.A

9. Amos Professional

10. Milbon Co. Ltd.

Japan Professional Hair Care Market – Japan has the second largest cosmetics market in the world competing with the United States at number one. EU-Japan Center for Industrial Cooperation conducted a study which revealed that skincare and hair care products make up more than two-thirds of the entire Japanese cosmetics industry.

Taiwan Professional Hair Care Products Market - Taiwan Professional Hair Care Market size is estimated to reach $175 million by 2030, growing at a CAGR of 1.5% during the forecast period 2024-2030.

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.

Mr. Venkat Reddy

IndustryARC

Email: [email protected]

USA: (+1) 518-282-4727

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