The product innovation enhanced the demand for the Global Hair Relaxer Market and is expected to witness significant growth of the market. The commercial segment is expected to be the highest growing application segment due to increasing demand for hair relaxing treatments from the advertisement and entertainment industries. Moreover, the rising popularity of social media influencers and growing demand for styling curly hair to soft, smoothened and straightened hair are key factors which will enhance the market growth in upcoming years.
Data Bridge Market Research analyses that the hair relaxer market was valued at USD 869.80 million in 2022 and is expected to reach USD 1658.26 million by 2030, registering a CAGR of 8.40% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
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Global Hair Relaxer Market Regional Analysis/Insights
The hair relaxer market is analyzed and market size insights and trends are provided by country, type, type, distributing channels and application as referenced above.
The countries covered in the hair relaxer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the global hair relaxer market in terms of revenue and market share because of the increasing demand for hair styling products. Moreover, increasing retail stores for this product in this region has also fuelled the demand for hair relaxers across the countries.
Asia-Pacific is anticipated to be the fastest developing region during the forecast period of 2023-2030. This is because of the increasing shift in the consumer lifestyle due to urbanisation and modernisation especially in the developing markets across the region. Also, growing demand to look decent out in the world will likely drive the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Recent Development
In 2021, Design Essential collaborated with StatelRDA and SalonCentric, the subsidiaries of L'Oreal, to increase its hair care products. As a result of this partnership, SalonCentric carries the best-selling Classic Collection of Design Essential hair relaxers.
In 2021, Matrix launched ProSolutionist Backbar Heroes viz., InstaCure, Alt Action Clarifying Shampoo and No Stain as a solution for porosity problems. The Alt Action Clarifying Shampoo is prepared to prep the hair before applying texturizing products and relaxers.
Global Hair Relaxer Market Scope
The hair relaxer market is segmented on the basis of type, distributing channels and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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Competitive Landscape and Hair Relaxer Market Share Analysis
The hair relaxer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hair relaxer market.
Some of the major players operating in the hair relaxer market are:
Shiseido Company (Japan)
Johnson & Johnson Private Limited (India)
Unilever (U.K.)
Amway (U.S.)
Procter & Gamble (U.S.)
L’Oréal S.A. (France)
Revlon Group (U.S.)
Beiersdorf AG (Germany)
Natura & CO (South America)
Conair Corporation (U.S.)
Goody Products, Inc. (U.S.)
Yves Rocher (France)
Kao Corporation (Japan)
Marico (India)
Aveda Corporation (U.S.)
Henkel AG and Co. KgaA (Germany)
Combe Incorporated (U.S.)
AVON PRODUCTS (U.K.)
OLAPLEX. (U.S.)
Pai-Shau (Canada)
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Global Hair Relaxer Market Report Answers the Following Questions:
What are the key drivers of the Global Hair Relaxer Market?
How is the Global Hair Relaxer Market segmented by product type?
What is the current market size of the Global Hair Relaxer Market?
What is the projected growth rate of the Global Hair Relaxer Market in the next five years?
Who are the major players in the Global Hair Relaxer Market and what is their market share?
What are the major distribution channels for the Global Hair Relaxer Market?
What are the key trends in the Global Hair Relaxer Market?
How does the Global Hair Relaxer Market differ from regional markets?
How is the Global Hair Relaxer Market affected by government regulations and policies?
What are the current and future opportunities in the Global Hair Relaxer Market?
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