The Global Scalp Care Market is estimated to be valued at US$ 12.84 Bn in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Scalp care products are designed to address various scalp-related disorders such as dandruff, dryness, itchiness, and hair loss. They include shampoos, conditioners, serums, and oils that nourish and rejuvenate the scalp, promoting healthy hair growth. These products are becoming increasingly popular due to the rising prevalence of scalp-related issues and growing awareness among consumers about the importance of maintaining a healthy scalp. Additionally, the demand for natural and organic scalp care products is on the rise, as consumers are becoming more conscious about the ingredients they apply to their scalp and hair.
Market Dynamics:
The scalp care market is driven by two major factors. Firstly, the increasing prevalence of scalp-related disorders such as dandruff, psoriasis, and seborrheic dermatitis is leading to a higher demand for effective and specialized scalp care products. Secondly, the growing awareness among consumers regarding the importance of maintaining a healthy scalp is driving the adoption of scalp care products. The availability of a wide range of scalp care products catering to specific scalp conditions and the rising popularity of natural and organic products are further propelling market growth.
SWOT Analysis:
Strength: The scalp care market is driven by rising awareness among consumers regarding scalp health and the importance of maintaining a healthy scalp. Additionally, the market is supported by a growing trend of organic and natural hair care products, which has led to an increase in demand for scalp care products that are free from harmful chemicals and toxins.
Weakness: One weakness in the scalp care market is the presence of counterfeit products, which can undermine the reputation and trust of genuine scalp care brands. Another weakness is that the market is highly saturated, with numerous companies offering similar products, which makes it challenging for new entrants to establish themselves and gain a significant market share.
Opportunity: There are several opportunities in the scalp care market, such as the increasing demand for scalp care products in emerging markets like India and China. The rising disposable income and changing lifestyles in these countries have contributed to the growth of the scalp care market. Additionally, technological advancements in the formulation of scalp care products, such as the development of targeted treatments for specific scalp conditions, present an opportunity for companies to introduce innovative products.
Threats: One major threat in the scalp care market is the availability of alternative hair care solutions, such as hair supplements and hair transplant procedures, which may divert consumer attention away from scalp care products. Another threat is the presence of counterfeit products in the market, which not only affects the revenues of genuine brands but also poses a risk to consumer health.
Key Takeaways:
The Scalp Care Market is expected to witness high growth, exhibiting a CAGR of 7.1% over the forecast period, from 2023 to 2030. This growth is primarily driven by increasing awareness among consumers regarding scalp health and the growing demand for organic and natural hair care products.
In terms of regional analysis, Asia Pacific is the fastest-growing and dominating region in the scalp care market. The region is witnessing significant growth due to factors such as a large population, rising disposable income, and increasing awareness about personal grooming and hygiene.
Key players operating in the scalp care market include Bioderma Laboratories, Lotus Herbals Pvt. Ltd., Natura & Co., Kao Corporation, Beiersdorf AG, Procter & Gamble Co., Unilever PLC, Moroccan Oil, L'Oreal SA, Himalaya Wellness Company, Johnson & Johnson Inc., and The Estee Lauder Companies Inc. These companies are actively involved in product innovation, strategic collaborations, and mergers and acquisitions to gain a competitive edge in the market.
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian