The report “South Korea Professional Hair Care Market by Categories (Coloring, Perming & Straightening, Shampoo & Conditioning & Styling); Sales Channel (Back Bar and Take Home) & by Company - Forecast (2015 - 2020)″, defines and segments the South Korea Professional Hair Care Market with an analysis and forecast of the market size.
Browse Market Data Tables, Figures spread through 52 pages and in-depth TOC on “South Korea Professional Hair Care Market by Categories (Coloring, Perming & Straightening, Shampoo & Conditioning & Styling); Sales Channel (Back Bar and Take Home) & by Company - Forecast (2015 - 2020)”.
Professional hair care products are used by professionals/stylists for various hair services in the salon and are sold over the salon counter as well as through retail stores such as specialty beauty stores, pharmacy stores, online and others. The global professional hair care products market is segmented on the basis of services provided in the salons such as coloring, shampoo & conditioners, perming & straightening and styling. The professional hair care products market in South Korea is estimated to grow at a CAGR of 4.4% to reach $267.77m by 2020.
South Korea is an aging country with median age of the population being 40.2 years in 2014. 80% of the population resides in the urban regions. In South Korea, 11% of the hair salons are organized. Coloring is the most preferred service in salons. The dominant age group visiting the hair salons in South Korea is 30-45 years. South Korean consumers are very beauty conscious and spend significantly on cosmetic and beauty products due to their cultural and social norms. They strive to maintain their beauty by indulging in frequent treatments at salons as well as undergoing cosmetic surgeries. All these social factors, coupled with increasing style consciousness among the consumers are driving the market for professional hair care products in South Korea.
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The shampoo and conditioner category including the treatment products encompass the largest segment in the professional hair care products market. Demand for treatment services and treatment related products in retail sales are increasing due to the growing awareness among the customers. The hair coloring products segment is the fastest growing segment in the market. Demand for demi colors is poised to be higher as people are frequently indulged in changing their hair colors. Many local companies with quality perm products are catering to niche needs of the South Korean consumers perming choices.
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Following are the top 5 players/companies offering professional hair care products in South Korea:
- L’Oreal Group
- Amore Pacific Corporation
- Procter & Gamble Co.
- Milbon Co. Lt
- Shiseido Company
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L’Oreal Group is the key player in the South Korea’s professional hair care products market with major brands such as L’Oreal Professionnel and Kerastase. AMOS Professional, Shiseido, Schwarzkopf, Wella Professional, Ordeve are few of the popular brands in South Korea. In 2014, top 5 companies accounted for around 45% share in the South Korea professional Hair Care products market.
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