According to the Federation of Medical Societies of Hong Kong, hair loss is one of the biggest problems faced by middle-aged men, and children and woman are also susceptible to the issues pertaining to hair.[1] Subsequently, this is leading to a demand surge in the Hong Kong professional hair care market. According to a newly published market intelligence report by IndustryARC, the Hong Kong professional hair care market is poised to attain a valuation of $67.67m by the end of 2023, growing at a CAGR of 2.9%.
The report titled, “Hong
Kong Professional Hair Care Market: By Gender (Female & Male); By Organic
Vs Inorganic; By Product (Coloring, Shampoo, Others); By Distribution Channel
(Online, Hair Salons, Specialty Professional Hair Care Retail Stores, Others);
By End user (Salons, Bridal & Entertainment Industry) Forecast (2018-2023)”
contains all the facts, figures, and statistics that provides a peek into the
dynamics of the professional hair care market in Hong Kong along with the share
of hair care products and services. The report also contains the market
constraints that are foreseen in the upcoming years along with the trends and
opportunities that will sustain the vendors in the Hong Kong professional hair
care market.
Hong Kong Professional
Hair Care Market: Leading Segments
The market expert has
delved into all the segments of the Hong Kong professional hair care market and
has come up with insightful findings, which are as follows –
· Hair Coloring
–
The Coloring segment will observe the most
lucrative opportunities during the forecast period as the demand for coloring
will surge at a CAGR of 3.8% through 2023. Even though shampoo &
conditioning will remain a steady segment, the coloring segment will be
experiencing growth due to a gamut of reasons such as customers’ affinity
towards fashion and the influence of social media as well, especially because social
media has become a prominent platform for marketing and also a professional
hair care marketplace. The major trend in the coloring segment is that people
are opting for organic color, because lately, people are realizing the negative
impact that ammonia has on hair. Copper brown has emerged as the most popular
hair color in the Hong Kong professional hair care market, especially among
women aged more than 30 years.
· Shampoo &
Conditioners –
The most effective factor driving the sales of
shampoos & conditioners is the awareness among consumers about the latest
offerings and their benefits by the players in the Hong Kong professional hair
care market. Furthermore, hair loss is one of the key factors that has driven
the shampoo & conditioners segment.
Hong Kong Professional
Hair Care Market: Growth Drivers & Trends
· Hot and Humid
Climate –
The increasing heat over the last few years is
causing hair loss to many, because heat has a dehydrating effect on the hair,
and the subsequent scalp sweat causes hair to lose its oily coating, making it
prone to damage. The hot climate of Hong Kong is creating similar damage to
hair, which is the reason people are opting for hair care products in order to
protect their hair. The hot climatic condition is the most important factor
that is creating sustainable opportunities in the Hong Kong professional hair
care market.
· Perming and
Straightening Trend –
There has been an increase in demand for Korean
and Japanese perm, which is mainly attributed to the influence of Japanese
culture. The perming and straightening segment is poised to attain a valuation
of $7.55m by 2023.
Hong Kong Professional
Hair Care Market: Competitive Landscape
Some of the key
companies identified in the Hong Kong professional hair care market
intelligence report that are striving to capitalize on the customer-base are L’Oreal
Group, Procter & Gamble Co., Kao Corporation, Henkel AG & Co., KGaA,
and Shiseido Company Limited.
Talk to one of our sales
representatives about the full report by providing your details in the link
below:
https://www.industryarc.com/support.php?id=7404
Related Reports:
1. India Professional
Hair Care Market –
https://www.industryarc.com/Report/7407/india-professional-hair-care-market-report.html
2. U.S.A. Professional Hair Care Market –
https://www.industryarc.com/Report/7420/usa-professional-hair-care-market-report.html
3. United Kingdom Professional Hair Care
Market –
https://www.industryarc.com/Report/7419/united-kingdom-professional-hair-care-market-report.html
4. South Africa Professional Hair Care
Market –
https://www.industryarc.com/Report/7414/south-africa-professional-hair-care-market-report.html
What
can you expect from the report?
The Hong Kong professional
hair care market is prepared with the main agenda to cover the
following 20 points:
1. Market Size by
Product Categories &
Application
11. Demand Analysis (Revenue & Volume)
2. Market trends &
Relevant Market
Data
12. Country level
Analysis
3. Manufacturer
Landscape
13. Competitor
Analysis
4. Distributor Landscape
14. Market Shares
Analysis
5. Pricing Analysis
15. Value
Chain Analysis
6. Top 10 End user
Analysis
16. Supply
Chain Analysis
7. Product Benchmarking
17. Strategic
Analysis
8. Product Developments
18. Current &
Future Market Landscape
Analysis
9. Mergers &
Acquisition Analysis
19.
Opportunity Analysis
10. Patent Analysis
20.
Revenue and Volume Analysis
Frequently
Asked Questions:
Q. Does IndustryARC
provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting
data from our database of reports and annual subscription databases. We can
provide the following free customizations:
1. Increase the level of
data in application or end user industry chapter
2. Increase the number
of countries in the geography chapter
3. Find out market
shares for other smaller companies or companies that are of interest to you
4. Company profiles can
be requested based on your interest
5. Patent analysis,
pricing, product analysis, product benchmarking, and value and supply chain
analysis can be requested for a country or end use segment
Any other custom
requirements can be discussed with our team. Drop an e-mail to [email protected] to learn more about our consulting
services.
To request for a
proposal, provide your details in the link below:
https://www.industryarc.com/reports/request-quote?id=7404
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Mr. Venkat Reddy
Sales Manager
Email 1: [email protected]
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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.
Reference:
[1] http://www.fmshk.org/database/hkmd/hkmd201306.pdf