The global hair conditioner market is predicted to grow at substantial CAGR during the forecast period (2017 to 2021), according to a report available on Radiant Insights, Inc. growing requirement for quality hair care products attributed to increasing focus on physical appearance is anticipated to propel demand for hair conditioner. Increasing number of people facing hair and scalp problems attributed to unhealthy eating habits and pollution can surge demand for hair conditioner. This, in turn, can fuel growth of market over next few years. In addition, rising focus on physical appearance among youngsters especially hair can stimulate market growth. Growing adoption of natural and organic ingredients in hair conditioner by manufacturing companies to curb side effects attributed to chemicals can augment growth of market during the forecast period (2013 to 2025).
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To cater to rising demand for quality hair conditioner, most companies are likely to invest in R&D activities to develop advanced products. For instance, Biotique recently launched bio thyme volume conditioner for fine and thinning hair. This volumizing formulais likely to be blended with pure thyme, oils of peppermint, and lavender. It is likely to thicken follicles, balance pH level, and add sparkling shine to hair. The hair conditioner market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into oily hair, dry hair, and normal hair. Dry hair segment is predicted to generate maximum revenue owing to high demand for hair conditioner that can treat dry hair.
Based on application, the hair conditioner market can be classified into hotel, barber shop, personal use, and others. Personal use segment is expected to witness substantial growth during the forecast period. Consumers are likely to purchase and use hair conditioner of their choice at home. This, in turn can fuel growth of segment over the forecast period. Regional segmentation includes Europe, China, North America, Southeast Asia, Japan, and India. In India, the market is expected to witness significant growth during the forecast period attributed to rising cases of hair problems in the region. Climatic aggression in the region is expected to play significant role behind these hair related problems. Such problems can include loss of hair volume, thinning hair, dandruff, and greying hair at early age. In addition, stress and work pressure can also lead to hair problems. Growing adoption of hair conditioner to rectify these hair related problems can fuel growth of market in the region.
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In North America, the hair conditioner market is predicted to grow fast owing to high demand for variety of hair conditioners among consumers to take good care of their hair. Shifting consumer preference towards botanical and herbal hair conditioners is expected to fuel growth of market in the region. Consumers are likely to use hair conditioners containing natural and organic ingredients to avoid side effects from chemicals. This, in turn can create lucrative opportunities for manufacturing companies present in the region and enhance market growth during the forecast period. In Europe, the hair conditioner market is expected to witness significant growth over the forecast period increasing use of hair conditioners among young and aging population in the region. Growing concerns regarding men and women to look youthful, sharp, and presentable can fuel demand for superior hair conditioners. In addition, increasing investments from local vendors on R&D to develop better products can augment market growth during the forecast period.
Some of the leading companies offering hair conditioner are Henkel, P&G, L’Oreal, Unilever, and Amore.
Read more related reports by Radiant Insights:
• Online Beauty and Personal Care Products Market- https://www.radiantinsights.com/research/global-online-beauty-and-personal-care-products-market-professional-survey-report-2018
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