Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Hair Balm Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.5% during the review period (2022 to 2027).
Hair Balm Market Overview
Hair balm is a cream- or gel-based product that gives hair a lustrous texture while straightening and moulding it into a precise posture. Men and women use hair balm for all hair types, including straight, wavy, coily, and curly, and it is available in a variety of smells, colours, and textures. After a hair wash, hair balm is typically applied to damp hair to help retain the right level of moisture, feed the strands, and keep hair strong and healthy. Due to climate change and increased pollution, people are becoming more conscientious about their hair care, which is anticipated to drive growth in the hair balm market throughout the forecast period.
Urbanization and industrialization have been made possible by the expanding population. Additionally, it has led to an increase in pollutants, which harms hair. Consumers are exposed to a variety of toxins in their daily lives, which causes the level of proteins necessary for hair development to decline. Thus, it is anticipated that over the forecast period, rising worries about hair loss and growing knowledge about the impact of pollution on hair will propel the worldwide hair balm market.
Who are the Major Players in Hair Balm Market?
The global Hair Balm includes AG Hair, Avon, LOMA Hair and Body Care, L'Oreal Paris, Oriflame Cosmetics AG, Park Ave, Procter and Gamble, Schwarzkopf, Shiseido Company, Unilever
Recent Developments:
L'Oréal North Asia zone achieves carbon neutrality across all sites
22 July 2022 - L'Oréal Group’s North Asia Zone is the first of the company’s zones worldwide to achieve carbon neutrality across all operated sites, plants, distribution centers, offices and research & innovation centers spanning five geographic markets of Mainland China, Japan, South Korea, Hong Kong and Taiwan. This achievement marks a significant milestone in the company’s efforts in fighting against the pressing threat of climate change.
L’Oréal’s venture capital fund bold acquires a minority stake in Sparty, a japanese startup dedicated to personalized beauty
20 May 2022 – L’Oréal’s corporate venture capital fund BOLD (Business Opportunities for L’Oréal Development) announces a minority investment in Japanese beauty startup SPARTY, Inc. This investment in SPARTY marks the first venture capital investment by L’Oréal in Japan.
Based in Tokyo, SPARTY has successfully created a D2C business model grounded in personalized beauty, with brands such as Medulla in haircare and Hotaru in skincare. This unique business model enables consumers in Japan to enjoy both a personalized product and a personalized consumer experience.
What are the major Applications, Types and Regions for Hair Balm Market?
Hair Balm Market is segmented based on the type, applications, companies and regions.
By Product Type, it is segmented into
By Application it is segmented into
- Hydrating hair balm
- Smoothing hair balm
- Nutritive hair balm
- Grooming hair balm
- Others (Air dry hair balm, etc.)
Hair Balm Market Regional Analysis
The hair balm market can be segmented according to region into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The market for hair balms was dominated by North America. The regular usage of such products by working and non-working individuals, preference for hairdressing, awareness of grooming, and ease of product accessibility are some of the key factors fueling the growth of the hair balm market in this region.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Hair Balm Market report scope?
Reports Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 5.5% during the review period (2022 to 2027).
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By Type
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By Application
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- Hydrating hair balm
- Smoothing hair balm
- Nutritive hair balm
- Grooming hair balm
- Others (Air dry hair balm, etc.)
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By Companies
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AG Hair, Avon, LOMA Hair and Body Care, L'Oreal Paris, Oriflame Cosmetics AG, Park Ave, Procter and Gamble, Schwarzkopf, Shiseido Company, Unilever
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Regions Covered
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•North America
•Europe
•Asia-Pacific
•Rest of the World
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Countries Covered
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•US
•Canada
•Germany
•France
•UK
•Italy
•Spain
•Rest of Europe
•China
•Japan
•India
•Australia
•South Korea
•Rest of Asia-Pacific
•Middle East & Africa
•Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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103
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Hair Balm Report
- Evaluate Hair Balm market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Hair Balm market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Hair Balm market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Hair Balm Market is studied from 2017 - 2027.
What is the growth rate of Hair Balm Market?
The Hair Balm Market is growing at a CAGR of 5.5% over the next 5 years.
Who are the leading key players in Hair Balm Market?
AG Hair, Avon, LOMA Hair and Body Care, L'Oreal Paris, Oriflame Cosmetics AG, Park Ave, Procter and Gamble, Schwarzkopf, Shiseido Company, Unilever
What regions does this Hair Balm Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Hair Balm Market?
Men, Women, Unisex
What are the significant Applications of Hair Balm Market?
Hydrating hair balm, smoothing hair balm, Nutritive hair balm, Grooming hair balm, Others (Air dry hair balm, etc.)
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
