05.19.23
According to a new study by Fact.MR, the global organic hair care market stands at $10.32 billion in 2023.
Also, as per the study, worldwide demand for organic hair care products is predicted to rise at a CAGR of 7.1% and reach a market value of $20.5 billion by the end of 2033.
Demand for shampoos is predicted to advance at a CAGR of 7.2% and reach a market valuation of $4.94 billion by 2033-end.
The Japanese market is forecasted to evolve at a CAGR of 7.7% and reach $1.09 billion by the end of 2033.
Sales of organic hair care products in South Korea are forecasted to expand at a CAGR of 7.3% and reach $3.65 billion by 2033-end.
One of the key trends in the organic hair care market is the increasing use of various biological science ingredients by manufacturers. Production of organic hair care products is a comparatively expensive affair. One of the factors that could increase the prices of organic hair care products is the high production costs associated with extracting organic or herbal oils.
Also, a majority of consumers, in recent years, are inclined towards using herbal hair care products. There is a significant decline in the demand for synthetic products, which is estimated to have a positive impact on the target market.
Manufacturers of organic hair care products are seeking support from salons and beauty parlors to promote their products while providing heavy discounts. Such initiatives from manufacturers are projected to open up lucrative opportunities in the target industry in the longer run.
Read the full report.
Also, as per the study, worldwide demand for organic hair care products is predicted to rise at a CAGR of 7.1% and reach a market value of $20.5 billion by the end of 2033.
Factors Driving Rising Demand
Rising demand for organic hair care products is attributed to the increasing awareness about safer, simpler, and latest natural hair care products around the world. A large population base of health-conscious people is also predicted to contribute to market growth opportunities.Demand for shampoos is predicted to advance at a CAGR of 7.2% and reach a market valuation of $4.94 billion by 2033-end.
The Japanese market is forecasted to evolve at a CAGR of 7.7% and reach $1.09 billion by the end of 2033.
Sales of organic hair care products in South Korea are forecasted to expand at a CAGR of 7.3% and reach $3.65 billion by 2033-end.
One of the key trends in the organic hair care market is the increasing use of various biological science ingredients by manufacturers. Production of organic hair care products is a comparatively expensive affair. One of the factors that could increase the prices of organic hair care products is the high production costs associated with extracting organic or herbal oils.
Regulations Provide New Opportunities
Governments in different countries around the world have restricted the use of some specific chemicals in the production of hair care products, including ammonia in hair color. For example, recently, the Washington State Toxic-Free Cosmetics Act (HB 1047) was signed into law. These initiatives are expected to provide opportunities for manufacturers of organic hair care products and thus strengthen their position.Also, a majority of consumers, in recent years, are inclined towards using herbal hair care products. There is a significant decline in the demand for synthetic products, which is estimated to have a positive impact on the target market.
Manufacturers of organic hair care products are seeking support from salons and beauty parlors to promote their products while providing heavy discounts. Such initiatives from manufacturers are projected to open up lucrative opportunities in the target industry in the longer run.
Read the full report.
