Hair Care Products Market to Grow Rapidly Due To Increasing Economic Growth and Changing Lifestyle of People

As the population ages and becomes more ethnically diverse, hair care product manufacturers must adapt their products to meet their needs. Silicones make hair shiny and easy to comb. They also protect hair from breakage and retain the color. Momentive is one of the companies that supplies silicones. They can help with color protection and repair, and their silicones can protect hair from blow-dryers and curling irons. Silicones are versatile, allowing them to address the unique grooming concerns of different individuals.

Increasing economic growth, rise in inclination towards professional hair treatment and changing lifestyle choices are expected to propel growth of the global hair care products market over the forecast period. For instance, as per the World Bank data, the annual global GDP growth increased from 2.6% in 2019 to 5.8% in 2021. 

Key players active in the global hair care products market are Shiseido Company, Limited, Unilever plc., The Estée Lauder Companies Inc., Procter Gamble Co., Henkel Corporation, L’Oréal S.A., Combe Incorporated, Avon Products Inc., Johnson & Johnson Pvt. Ltd., Revlon Inc., Amka Products (Pty) Ltd., and Aveda Corporation.