Luxury Hair Care Market Research Report Information By Product (Shampoos, Hair Coloring Products, Conditioners, Hair Oil, Hair Styling Products, and Others), By Price Range (USD 30 to USD 65, USD 65 to USD 100, USD 100 to USD 150, USD 150 to USD 200, and Above USD 200), By Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, Pharmacy & Drugstore, Online, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

Global Luxury Hair Care Market Overview

Luxury Hair Care Market Size was valued at USD 21.6 Billion in 2023. The luxury hair care market industry is projected to grow from USD 23.4 Billion in 2024 to USD 41.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024 - 2032). The growth of the luxury hair care market is attributed to market drivers, including consumers' growing desire for efficient hair care solutions that address particular hair issues.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Luxury Hair Care Market Trends

• Rising consumer disposable income is driving the market growth

The market for luxury hair care is expected to develop over the next years as a result of growing personal disposable income. An individual's disposable income is the amount of money left over after taxes and other mandatory deductions, which they may utilize for personal spending and savings. A portion of consumers' discretionary income is allocated towards high-end hair care products due to their appreciation of superior grooming items and self-indulgence. For instance, the US Department of Commerce's Bureau of Economic Analysis stated that in October 2023, personal income climbed by $77.8 billion in September 2023, a 0.3% monthly gain from August 2023. This US government institution offers official data on the macroeconomy and industry. Thus, rising disposable personal income is fueling the market CAGR for luxury hair care.

The main chemical elements in traditional hair care products include silicone, different forms of alcohol, sodium lauryl sulfate (SLS), and preservatives like paraben. While these chemicals can instantly style and shine hair, frequent usage and exposure can also lead to brittleness, health problems, or irritation. Younger customers avoid items that include chemicals since they are aware of these facts. They carefully choose natural components that offer long-term advantages and situation-specific treatments. One of the main markets for natural luxury hair care products is the millennial generation. An increasing knowledge of the benefits of chemical-free goods led over 56% of millennial and Gen X customers worldwide to actively choose natural beauty and grooming products in 2017, according to the Asia Cosmetics study. Furthermore, more than 40% of the change in customer purchase behavior was attributable to the natural ingredients listed on the box. A shift in consumer attitudes toward cosmetic and personal care products made with natural ingredients is expected to drive demand for luxury hair care products. Thus, driving the luxury hair care market revenue.

Luxury Hair Care Market Segment Insights

Luxury Hair Care Product Insights

The luxury hair care market segmentation, based on product, includes Shampoos, Hair Coloring Products, Conditioners, Hair Oil, Hair Styling Products, and Others. In 2023, the shampoos segment dominated the market. Luxury shampoo compositions aim to address specific hair issues such as damage healing, color protection, volume, and hydration. This knowledge serves a broad spectrum of clientele with goods tailored to their individual hair types and issues. Luxury shampoos employ cutting-edge technology and scientific ingredients to provide cutting-edge solutions.

Luxury Hair Care Price Range Insights

The luxury hair care market segmentation, based on price range, includes USD 30 to USD 65, USD 65 to USD 100, USD 100 to USD 150, USD 150 to USD 200, and Above USD 200. The USD 30 to USD 65 category generated the most income in 2023. The USD 30 to USD 65 range of luxury hair care products makes use of cutting-edge technologies and creative formulations. In order to provide customers with cutting-edge solutions, they could contain components with particular advantages like anti-aging qualities, heat protection, or environmental defense. Customization for different hair types and textures is available with luxury hair care products priced between USD 30 and USD 65. By enhancing the inherent qualities of various hair types, the formulas offer individualized solutions.

Luxury Hair Care Distribution Channel Insights

The luxury hair care market segmentation, based on distribution channel, includes Hypermarkets & Supermarkets, Specialty Stores, Pharmacy & Drugstore, Online, and Others. The specialty stores category generated the most income in 2023. Specialty stores provide their customers with a carefully curated assortment of luxury hair care products by curating a luxury and premium brand selection. Customers searching for exclusivity are drawn in by this well-chosen strategy, which highlights the best-in-class offers.

Figure 1: Luxury Hair Care Market, by Distribution Channel, 2023 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Luxury Hair Care Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American luxury hair care market area will dominate this market. Personal grooming and self-care habits are becoming more and more important to North American consumers. The region's comparatively high levels of disposable income encourage consumers to spend more on high-end and luxury goods. North American customers now have simple access to a large selection of luxury hair care products because of the expansion of e-commerce platforms and direct-to-consumer business methods.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: LUXURY HAIR CARE MARKET SHARE BY REGION 2023 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe luxury hair care market accounts for the second-largest market share. The expansion of this market is ascribed to the existence of sizable international corporations that concentrate their efforts on offering superior hair care goods, such as shampoo, styling products, conditioner, and color, in this area. Further, the German luxury hair care market held the largest market share, and the UK luxury hair care market was the fastest growing market in the European region.

The Asia-Pacific Luxury Hair Care Market is expected to grow at the fastest CAGR from 2024 to 2032 because of the growing demand for luxury hair care products in this area, as well as the expansion of e-commerce businesses and the penetration of the internet. The growing middle-class population in the area is also a major factor in the demand for upscale hair care products. Moreover, China’s luxury hair care market held the largest market share, and the Indian luxury hair care market was the fastest growing market in the Asia-Pacific region.

Luxury Hair Care Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the luxury hair care market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the luxury hair care industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the luxury hair care industry to benefit clients and increase the market sector. In recent years, the luxury hair care industry has offered some of the most significant advantages to the salon industry. Major players in the luxury hair care market are attempting to increase market demand by investing in research and development operations includes PHILIP KINGSLEY PRODUCTS LTD., L’Oréal Groupe, KEVIN.MURPHY, SEVEN, LLC, Alcora Corporation, Kao Corporation, EstéeLauder Companies, Inc., KOSÉ Corporation, Jose Eber, and RAHUA.

KOSE Corp (KOSE) is a company that produces and sells beauty products and cosmetics. Skincare products, lipsticks, shampoos, hair conditioners, moisturizers and toners, soaps, powders for face washing, anti-aging and anti-whitening liquids and lotions, cosmetic tools, and beauty supplements are all part of the company's product line. It sells these goods under the brands Decorate, Jill Stuart, Infinity, Predia, Bioliss, Suncut, and Awake. KOSE distributes these goods via drugstores, department stores, drugstores, specialty cosmetics stores, and other retail establishments.

Kao Corp (Kao) is a company that produces, distributes, and markets chemicals and consumer goods. The company's main offerings include soaps, shampoos, conditioners, face and body cleansers, hair coloring products, and styling aids. In addition, it sells fatty alcohol, edible fats and oils, toners, scents, aroma compounds, laundry detergents, kitchen cleansers, sanitary napkins, and health drinks. In August 2021, Bondi Sands, an Australian self-tanning company renowned for its premium sunless tanning products that provide a bronzed glow that looks natural, was acquired by Kao Corporation. Bondi's wide range of items would be added to Kao Corporation's product line with this acquisition.

Key Companies in The Luxury Hair Care Market Include

• PHILIP KINGSLEY PRODUCTS LTD.


• L’Oréal Groupe


• MURPHY


• SEVEN, LLC


• Alcora Corporation


• Kao Corporation


• EstéeLauder Companies, Inc.


• KOSÉ Corporation


• Jose Eber


• RAHUA

Luxury Hair Care Industry Developments

November 2023: The Blond Absolu Collection was launched by Kérastase, a L'Oréal brand, with the goal of meeting the hydration needs of blonde hair. This line of hair care products includes a serum that has the greatest hyaluronic acid content ever found in a product. Targeting the foundation of hair health, this serum is Kérastase's first scalp-specific product created just for blondes.

June 2023: The Bumble & Bumble brand of the corporation unveiled its Bb. Seaweed line. Rich in green microalgae, Pacific Sea kelp, and royal sugar kelp, this line is meant to support a balanced, healthy scalp, add shine to hair, and make air-dry style simple.

July 2022: The business made its debut in India, establishing its presence in Chennai, Mumbai, and Delhi. The product range was available for purchase in high-end A-category salons across India in addition to boutiques such as Boddess Beauty. Through Tatacliq Lux, the brand increased its online retail presence as well.

Luxury Hair Care Market Segmentation

Luxury Hair Care Product Outlook

• Shampoos


• Hair Coloring Products


• Conditioners


• Hair Oil


• Hair Styling Products


• Others

Luxury Hair Care Price Range Outlook

• USD 30 to USD 65


• USD 65 to USD 100


• USD 100 to USD 150


• USD 150 to USD 200


• Above USD 200

Luxury Hair Care Distribution Channel Outlook

• Hypermarkets & Supermarkets


• Specialty Stores


• Pharmacy & Drugstore


• Online


• Others

Luxury Hair Care Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America