The Hair Masks Market is projected to grow by USD 86.9 Million (2024-2028), with AI driving premiumization through high-quality products - Technavio

NEW YORK, Sept. 24, 2024 /PRNewswire/ -- Report with the AI impact on market trends- The global hair masks market size is estimated to grow by USD 86.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 3.2%  during the forecast period. Premiumization through superior-quality products is driving market growth, with a trend towards growing adoption of products with organic compounds. However, availability of counterfeit brands  poses a challenge. Key market players include Amway Corp., Avon Products, Chatters GP Inc., Colgate Palmolive Co., Coty Inc., Godrej Consumer Products Ltd., Henkel AG and Co. KGaA, John Paul Mitchell Systems, Johnson and Johnson Services Inc., Kao Corp., LOreal SA, NATULIQUE Ltd., Natura International Inc., Revlon Inc., Shiseido Co. Ltd., ST. TROPICA Inc., The Estee Lauder Companies Inc., OUAI Hair Care, The Procter and Gamble Co., and Unilever PLC.

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Market Driver

The global hair masks market has experienced significant shifts in consumer preferences over the past five years. With growing awareness about the potential harm caused by inorganic and synthetic hair care products, including hair masks, consumers are increasingly opting for organic alternatives. Although these products may take longer to show results and are typically more expensive, they offer numerous benefits for hair health. Organic hair masks, made with natural ingredients such as olive oil, egg, avocado, coconut oil, aloe vera, banana, and others, deeply moisturize and nourish hair, making it softer, shinier, and thicker. These ingredients repair damaged hair and provide long-term benefits. As more consumers turn to organic hair care solutions, the global hair masks market is projected to experience substantial growth in the coming years. 

The Hair Mask market is experiencing significant growth due to changing lifestyles and increasing awareness about hair care. Allergic reactions to common hair care ingredients like parabens, synthetic colors, phthalates, sodium lauryl sulfate, and triclosan have led many consumers to seek natural alternatives. Hair mask sales are dominating application niches as they offer benefits for hair growth, texture, density, and damage repair. Hair care brands are responding with product approvals and technological innovations. For instance, some brands are launching paraben-free, sulfate-free, and color-safe hair masks. Nature-inspired ingredients and fragrances are also gaining popularity. Hair masks are not just for home use; they are also being offered in salons, by haircare professionals, and in franchisee stores and specialty stores. With rising pollution levels, hair masks are becoming essential for protecting hair from damage caused by harsh shampoos, chemical treatments, and heating tools like hair straighteners and curlers. The demand for hair masks is increasing, fueled by beauty tutorials and social media influencers. Dandruff and scalp irritation are common issues addressed by hair masks. Overall, the Hair Mask market is a growing segment in the Cosmetic industry. 

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 Market Challenges

• The global hair masks market faces challenges from the proliferation of counterfeit hair masks. These fake products, sold primarily through online channels, negatively impact market growth by confusing consumers and undermining the reputation of genuine brands. Counterfeiters often price their products lower than authentic ones, but their quality and durability are inferior. In regions like APAC and the Middle East, where counterfeiting is rampant, consumers are frequently misled by imitation packaging and brand names. Major hair care product vendors, including those offering hair masks, are affected by this trend, losing sales and market share. To combat this issue, companies are launching campaigns to promote authentic products and educate consumers. However, the prevalence of counterfeit hair masks may hinder market expansion during the forecast period.
• The Hair Masks Market is experiencing significant growth due to rising concerns over hair damage caused by pollution, harsh shampoos, chemical treatments, heating tools, and dandruff. Individuals seek restorative hair treatments for hair growth, texture, density, and to address hair loss. Damaged, dry, frizzy, very long, thin, and even men's hair find solutions in hair masks. Demand for hair masks is driven by beauty tutorials, increasing sales, and cash backs. Consumers prefer natural and organic options over synthetic ones, leading to a demand for individual hair mask treatments. Ingredients like banana, coffee seeds, and henna are popular for their moisturizing, hydrating, and anti-inflammatory properties. Market challenges include competition from conditioners, shampoos, hair therapy items, and home remedies. Scalp inflammation and damage from heating tools and hair straighteners add to the need for effective hair care products. Celebrity endorsements and the availability of a wide range of hair masks catering to various hair types further fuel market growth.

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Segment Overview 

This hair masks market report extensively covers market segmentation by  

1. Distribution Channel
• 1.1 Offline
• 1.2 Online
2. Application 
• 2.1 Professional
• 2.2 Individual
3. Geography 
• 3.1 North America
• 3.2 Europe
• 3.3 APAC
• 3.4 South America
• 3.5 Middle East and Africa

1.1 Offline-  The offline distribution channel, comprising retail formats such as specialty stores, hypermarkets, supermarkets, convenience stores, and warehouse clubs, dominates the hair masks market, accounting for 81.70% of the total revenue in 2020. Specialty stores, particularly beauty and personal care retailers, are the largest revenue generators due to their growing popularity. Manufacturers invest heavily in marketing, advertising, and promotion activities in these stores to increase product and brand visibility. The Body Shop and Ulta Beauty are notable examples of such retailers. Hypermarkets, supermarkets, convenience stores, and warehouse clubs are other significant contributors to the market's sales growth due to business expansion and an increase in their numbers. Consumers prefer these retail formats for attractive discounts and schemes. Drugstores/pharmacies are also gaining popularity for hair masks due to consumer trust in their product quality, efficacy, safety, and standards. Walgreen Co. Is a notable drugstore chain selling hair masks in the US. Salons and spas are vital marketing stations for premium hair mask brands, driving sales and consumption growth. Walmart Stores, Carrefour, Aldi Stores, Target Corp., and Sam's Club are some key retailers operating through these channels.

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Research Analysis

The Hair Masks Market has witnessed significant growth due to the increasing concerns over pollution levels and the resulting damage to hair. Hair masks have become a popular choice for both men and women seeking to address various hair concerns such as hair growth, texture, density, damage, and scalp irritation. Harsh shampoos, chemical treatments, and heating tools like hair straighteners can cause damage and dryness, leading to the use of restorative hair masks. These masks come in various forms, including moisturizing, hydrating, and repairing, catering to different hair types such as dry, damaged, and frizzy. However, it is essential to be aware of potential allergens like parabens, synthetic colors, phthalates, and sodium lauryl sulfate, which may cause allergic reactions in some individuals. Millennials, in particular, are driving the demand for natural and organic hair care products, including hair masks.

The Hair Masks Market has witnessed significant growth in recent years due to increasing pollution levels and the need for effective hair care solutions. Hair masks have gained immense popularity as they offer restorative benefits for various hair concerns such as damage, dryness, frizzy texture, thin density, and even hair loss. Harsh shampoos, chemical treatments, and heating tools like hair straighteners, curlers, and blow dryers can cause damage to hair, leading to an increased demand for hair masks. Beauty tutorials on social media platforms have contributed to the growing trend of using hair masks for hair growth, hydration, and repair. Dandruff and scalp inflammation are other common hair issues that hair masks address, making them a must-have in individual hair care routines. The market for hair masks caters to both men and women, and the demand for natural and organic hair mask options is on the rise. Sales are further boosted by cash backs, discounts, and promotional offers. Technological innovations in the production of hair masks and changing lifestyles have led to an increase in the number of hair mask product launches. The application dominance of hair masks extends to various niches, including dry hair, damaged hair, very long hair, and thin hair. Ingredients like banana, coffee seeds, and henna are popular in home remedies, while hair care brands continue to introduce new ingredients and product approvals to meet the evolving needs of consumers. Despite the benefits, some individuals may experience allergic reactions or scalp irritation from certain ingredients such as parabens, synthetic colors, phthalates, sodium lauryl sulfate, and triclosan. Hair care professionals and salons also offer hair mask treatments, and franchisee stores and specialty stores are significant retail channels for hair mask sales.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Distribution Channel
• Offline
• Online
• Application
• Professional
• Individual
• Geography
• North America
• Europe
• APAC
• South America
• Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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