Hair Industry Statistics
- The global hair care market was valued at 80.81 U.S. Dollars and is predicted to have a growth rate of 6.6% in the next eight years.
- The Global Population of the elderly over 60 years old is increasing with increased demand and opportunities for the hair industry to invest in gray and aging hair products.
- Dandruff shampoo and conditioner are the most sought-after products and affect 50% of the adult population.
- The dry shampoo market has an estimated growth rate of three billion U.S. dollars from 2017 to 2022.
- 95% of the hair market is from Salons tailored to cutting women’s hair, while Salons for men make up the remaining 5%
- The COVID-19 Pandemic created a boom in demand for natural hair products, with the African American demographic accounting for 90% of spending in the ethnic hair categories.
- The demand for hair coloring products has increased during the COVID-19 Pandemic amongst the youth populations and is expected to increase.
- For consumers under 35 years old, Salons have noted that price has become the most significant factor in whether or not consumers go to the SalonSalonSalon.
- Beiersdorf AG reports that the hair care market decreased by 1.9% in 2020 due to the COVID-19 Pandemic.
- An increase in demand for styling products such as hair straighteners, curlers, gels, and accessories has arisen due to the COVID-19 Pandemic.
- Hair coloring products in the Global Hair Industry are estimated to have a CAGR of 4.97% rise from 2022 to 2026.
- Women spent $225,360 on hair care products in their whole lifetime.
- Styling products are more profitable than hair care services for salons.
- Balayage Services in Salons have grown by 71% and have become one of the top requested styles.
- Hair Mask popularity has skyrocketed alongside growing awareness and concerns about the effects of pollution and excessive use of hot tools on the hair.
Hair Industry Statistics 2022
- Dandruff shampoos and conditioners are widely infused with Pyrithione zinc- however, in 2021 and 2022, increasing demands for natural products have created more anti-dandruff shampoos that have tea tree oil, rosemary, basil, lemon, and cedarwood oils instead.
- In 2022, hair loss will become a concern for the male population, and products designed for hair loss are now in high demand!
- The impact climate change has on hair has been a recent focus, and products geared to spreading awareness have greatly aided the hair industry.
- DIY (Do-it-Yourself) beauty care products are popular in 2022 and have increased in the hair market industry since the pandemic in 2020.
- DIY hair coloring is the most popular form of hair styling amongst the youth in 2022.
- The market has witnessed an increasing number of millennials experiencing hair problems like hair fall and dandruff because of the drastic life changes brought on by the pandemic, stress, and increasing societal pressures.
- Travel-size packaging, such as deluxe samples, and mini bottles, for convenience and travel, has also aided in the comeback of the hair industry since the pandemic.
- Over 100 billion dollars has been invested in the beauty industry worldwide.
- The personal care market reports $254.00 billion of the total health and beauty industry.
- The organic market for beauty products alone will achieve more than $22 billion globally by 2024.
- The Asia-Pacific Region makes up 46% of The Global Health and Beauty Industry Market Share.
- North America has the second largest worldwide market share at 24%,
- Western Europe has a market share of 18%
- 33% of COVID-19 survivors underwent Telogen effluvium hair loss which increased hair care product demand for hair loss.
- Consumer habits are also feeding into the market. Since popular media hair trends on TikTok and Instagram, the youth have become more fashion conscious and are interested in expanding their hair products to fit trends.
- The size of the hair salon market in the United States is 43.2bn.
- The hair salon industry has grown by 16.9% in the United States in 2022.
- Between 2017-2022, the overall market size of the hair salon industry has declined in the United States by 0.3% per year.
- Due to the pandemic, the hair salon industry in the U.S. declined faster than the economy overall.
- The 50 largest beauty salons generate approximately 15% of the revenue in the U.S. hair care industry.
- The 50 largest barbershop operators represent about 30% of the salon hair care revenue in the U.S.
- Hair salons make up about 95% of U.S. hair and beauty industry revenue. Barbershops account for 5% of the total revenue.
38.5% of the hair industry revenue comes from haircuts and styling. 17.1% is generated from hair coloring.
- Women own 60% of hair salons in the U.S.
- There are 904,718 hair salon businesses in the U.S. as of 2022. 0.5% less than 2021.
- In 2022, the hair care industry generated a revenue of US$12.91bn.
- The hair industry market is projected to grow annually by 1.88% (CAGR 2022-2026).
- The United States hair care industry generates the most revenue in the global hair care sector.
- China is a significant contributor to the growth of the global market in consumption and production, with a CAGR of 8.0% in 2019.
- The hair industry expected revenue forecast for 2028 in the United States is USD 134.30 billion.
- Thirty million women in the U.S. suffer from genetic hair loss.
- In the U.S., dandruff, dry and itchy scalp, hair loss, and dull hair are the primary hair care triggers.
- the Asia Pacific region held the largest share of more than 35.0% in 2020.
- in July 2021, Adon Hair Care Clinic, an India-based hair transplant brand, launched Growdense Hair Serum, approved by the FDA and designed for hair and scalp care.
- Europe is expected to register the second-fastest CAGR.
Sources: Salt Society Education, Fortune Business Insights, Goldstein Research, Mordor Intelligence, Allied Market Research, Earth Web, Business Wire, Exploding Topics, Business Wire Dublin, Mordor Intelligence, imarc, Statistica, Grand View Research.
