Thursday, June 30, 2016
Organic Hair Care market : Industry Needs, Global Revenue and Strategies 2016-2021 : Credence Research
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As stated in a recently published information by Credence Research,
The global organic hair care market products witness growth on the back of
rising health awareness among the consumer and availability of the products on
various distribution channels. In addition, availability of the products in
convenient size and packaging is another factor contributing towards the market
growth. But, due short shelf life of the organic products and higher prices are
the major factors restraining the market growth. However, in future rising
demand from the end user segment and increasing income of the emerging
economies will be the two major factors which will drive growth.
By
product type, shampoo segments accounts for more than 35% share of the pie in
2014. It is also projected to maintain its dominance during the forecast
period. In 2014, salon products and styling agent’s accounts for 10.0% and
14.9% share of the pie respectively. But in future salon products is projected
to lose out some of its share. Hair colorants segment is projected to grow at a
highest rate of 10.2% during the forecast period of 2015 to 2022.
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In 2014,
by geography, North America and Europe together accounts for major chunk of the
pie. These two economies are projected to account for more than 60% share of
the pie in 2014 and are also projected to maintain their dominance during the
forecast period. The U.S. is the largest market for organic hair care products
worldwide. It is expected to grow at a rate of 10.2% from 2015 to 2022.
Availability of the products, new products launches and presence of the
multinationals are the factors contributing towards the market growth. On the
other hand, Asia Pacific and RoW are the regions projected to grow at the
fastest rate during the forecast period. Both, these economies are projected to
witness double digit growth rate from 2015 to 2022.
In Asia
Pacific, India, China, South Korea are the major contributors towards the
market growth. Increasing health concerns, rise in spending power, and entry of
the multinational are the major factors contributing growth in this region. In
Row region, Brazil is projected to be the fastest growing market. The Brazilian
market is witnessing growth on the back of its richness in biodiversity, and
availability of organic raw materials in abundance. The supply of locally
sourced raw materials also makes organic products more accessible and
affordable for consumers. Moreover, economies such as Iran, Turkey, Saudi
Arabia and Egypt also offer huge market potential.
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At
present, the organic hair care market is highly fragmented. There are many
brands present in the market but very few have significant market share. To
maintain their dominance in this market companies are adopting various
strategies. Large multinationals are following similar pricing strategies and
distribution channels. Multinationals such as L’Oreal (The Body Shop) have
adopted the acquisition strategy to enter the organic space. On the other hand
Companies such as L’Occitane has developed their own organic product lines.
Global
Market For Organic Hair Care Products Is Expected To Reach USD 4,956.8 Million
In 2022, Growing At A CAGR Of 10.0% From 2015 To 2022 reviewed on March 29,
2016 by Mies Larsen rated 5.0 of 5
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Media Contact:
Company Name: Credence Research
Contact Person: Chris Smith,
Phone: 1-800-361-8290 FREE FREE
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103
E-mail: sales@credenceresearch.com
Website: http://www.credenceresearch.com/
Company Name: Credence Research
Contact Person: Chris Smith,
Phone: 1-800-361-8290 FREE FREE
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103
E-mail: sales@credenceresearch.com
Website: http://www.credenceresearch.com/
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