The report “India 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 India Professional Hair Care Market with an analysis and forecast of the market size.
Browse Market Data Tables, Figures spread through 55 pages and in-depth TOC on “India 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. These products are sold over the salon counter and also through retail stores such as specialty beauty stores, pharmacy stores, online and others. India professional hair care products market is segmented on the basis of services provided in salons such as coloring, shampoo & conditioners, perming & straightening and styling. Professional Hair Care Product market of India is estimated to grow at a CAGR of 17.1% to reach $318.74m by 2020, according to a recent study from IndustryARC.
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India is characterized by high proportion of young population; changing lifestyles, increasing women participation in work force, rising consumer spend on personal care and rapid urbanization. The population in the age group between 15-25 is projected to grow at a CAGR of 0.7% during 2015-2020.The organized beauty salon business in India was recorded to be valued at $1.12 billion in 2014 and is increasing rapidly due to growing preference of the consumers for professional beauty services.The organized salons account for a minimal share of 5% of the total salons, this number is expected to grow faster in the coming five years, as many organized salon chains have been expanding their presence in emerging cities.
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Professional shampoo and conditioners category held the dominant share in the overall market. Hair styling products accounted for a minimal share in the market and is poised to exhibit robust growth rate mainly driven by the increasing exposure of youth to the fashion trends coupled with considerable influence of celebrities on hair styling trends. Hair smoothening service has been witnessing brisk growth in the recent years as young females prefer to have naturally straight hair with less-chemical intensive products.
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Following are the top 5 players/companies offering professional hair care products in India:
- L’Oreal Group
- Procter & Gamble Co.
- Henkel AG & Co KGaA
- Hygienic Research Institute Pvt Ltd
- John Paul Mitchell Systems
L’Oreal Group is the dominant player in Indian professional hair care market owing to its penetration in organized as well as unorganized salons. Indian professional hair care market is highly concentrated with top five players accounting for over 80% of the market revenue in 2014. Top companies have been focusing on emerging cities to consolidate their market presence. Other prominent brands in the market include Wella, Schwarzkopf, Streax and John Paul Mitchell. Major salon chains such as Jawed Habib are launching private label brands to tap the growing consumer interest for professional hair products
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