The Dry Shampoo Market Reaching USD 5.05 Billion by 2030" |...

The Dry Shampoo Market Reaching USD 5.05 Billion by 2030"

Postado 2023-12-15 08:47:33

Global Dry Shampoo Market Overview

The global Dry Shampoo market is on a trajectory to reach an estimated USD 5.05 billion by the year 2030, experiencing a Compound Annual Growth Rate (CAGR) of 6.2%. Dry shampoos have carved a niche for themselves in the beauty industry by offering a unique approach to haircare. Unlike traditional shampoos, conditioners, and styling products that require wet hair, dry shampoos leverage key components like alcohol or starch to absorb excess oil and sebum secretion when applied to dry hair. This innovative solution has gained popularity for its ability to extend the life of a blowout, add volume, and refresh hair post-exercise or in humid conditions. Furthermore, it plays a crucial role in reducing the frequency of hair washes, presenting a convenient alternative for individuals with disabilities or those requiring additional time for traditional showers.

The journey of the dry shampoo market traces back to the 1940s, and over the years, it has witnessed significant innovations and developments. One notable example is the introduction of waterless spray and sheet format dry shampoos by the Kao Corporation under their Merit haircare brand in April 2022. These products, designed for use in the International Space Station, employ mild surfactants to physically eliminate oil, grease, and dirt buildups. R+Co's Badlands Dry Shampoo Paste is another noteworthy innovation, offering versatility in application by finger to the roots or damp hair before drying. This product serves styling purposes for wavy hair ends, providing a matte finish and establishing itself as a multifaceted haircare solution.

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The market's growth is underpinned by factors such as rapid economic growth, a rising mid-income population, and high migration rates from rural to urban areas. The influx of international retailers globally has facilitated the expansion of retail outlets, driving the growth of the dry shampoo market. Online retailing, particularly for personal care products, is a growing trend, offering customers instant access to catalogs and price lists, simplifying purchasing decisions. The Asia-Pacific region, in particular, has witnessed increased demand for cosmetic products, including dry shampoo, fueled by a growing youth population. The organized retail sector has played a crucial role in making dry shampoo products readily available to consumers, contributing to the market's global growth.

In terms of competition, the global dry shampoo market Size is characterized by fragmentation, with both organized and unorganized industry players. Key players include Kao Corporation, Unilever Plc, L’Oreal Group, The Estee Lauder Companies Inc., Procter & Gamble Company, Shiseido Company Limited, Pierre Fabre Group, LVMH Group, Church & Dwight Co., Inc., and Henkel Limited. These players focus on expanding production capacities, continuous product launches, and collaborations with key stakeholders to gain a competitive edge.

The market is segmented based on type, function, distribution channel, and region. In terms of type, dry shampoo is available in spray and powder forms, each catering to different preferences and hair types. The spray variant, presented in aerosol form, targets specific areas without residue formation, making it suitable for thin or fine hair. On the other hand, the powder variant is easy to store, has a long shelf life, and is preferred by those concerned about the effects of chemicals on their hair. The powder easily blends with hair and scalp, nourishing every head region.

Function-wise, dry shampoos cater to various needs, including anti-dandruff, color protection, hair loss protection, daily care, and multi-functionality. Anti-dandruff dry shampoos address skin conditions, color protection variants shield colored hair from UV radiation, and hair loss protection products target individuals experiencing hair loss due to various factors. Daily care dry shampoos are designed for everyday use, promoting organic hair growth and maintaining a healthy scalp, while multi-functional dry shampoos offer a variety of benefits for modern grooming demands.

Distribution channels include store-based options like supermarkets, hypermarkets, specialty shops, and non-store-based channels, primarily driven by e-commerce. Supermarkets and hypermarkets play a significant role in distributing dry shampoo products, with specialty shops offering personalized advice and convenience. The rise of e-commerce platforms, including Myntra, Amazon, and Flipkart, has contributed to the growth of non-store-based channels, especially among young consumers seeking the latest hair care trends.

Regionally, North America, Europe, Asia-Pacific, and the rest of the world contribute to the market's dynamics. North America's growth is attributed to increasing hair loss problems, changing consumer dynamics, and rising product awareness. Europe, with its aging population and focus on physical appearance, sees a surge in demand for dry shampoo. Asia-Pacific benefits from shifting customer dynamics, a high millennial population, urbanization, and rising women's employment. The Middle East and Africa experience a rise in demand for dry shampoo products, driven by a growing youthful population investing in grooming.

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