The future looks bright for organic hair care.
A new report from Crystal Market Research titled "Organic Hair Care Market by Product Type and Hair Type: Global Industry Analysis and Forecast for 2023" predicts market growth for the segment. Valued at USD $2.56 billion in 2014, the segment is expected to reach approximately USD $6.70 billion by 2023 with a compound annual growth rate (CAGR) of 11.28 percent during the forecast period.
The report’s product types are segmented into shampoos and conditioners, oils and serums and styling. Hair types are segmented as normal, dry and oily. The report notes that the shampoo and conditioners "overwhelmed" the organic haircare market in 2016. It also states that the "dry" hair type is expected to be the highest market share over the forecast period "owing to the seasonal changes and global atmospheric temperature in the upcoming years."
Asia-Pacific is expected to lead the organic hair care market followed by North America and Europe.
Formulas are centered around specific natural ingredients, such as gandhak, neem, bhringraj also called as Eclipta erecta, ritha and so on.
The fast growth and continued demand of the category is attributed to consumers’ desire for more natural ingredients, which shows no sign of slowing.
The key players are Kao Corporation, The Colgate-Palmolive Company, Avalon Natural Products, The Hain Celestial Group, Onesta Hair Care, LAKMÉ COSMETICS S.L. (Hindustan Unilever), Bio Veda Action Research and Giovanni Cosmetics.
For the full report, visit crystalmarketresearch.com.