Hair Serum Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[180+ Pages Report] According to the report published by Facts Factors, the global hair serum market size was worth around USD 900 Million in 2019 and is predicted to grow to around USD 1,700 Million by 2026 with a compound annual growth rate (CAGR) of roughly 8.8% between 2020 and 2026. The report analyzes the global hair serum market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the hair serum market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Hair Serum industry. The report analyzes and declares the historical and current trends analysis of the Hair Serum industry and subsequently recommends the projected trends anticipated to be observed in the Hair Serum market during the upcoming years.

The hair serum market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Hair Serum market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• According to the primary CXOs of the global Hair Serum market, the market is estimated to witness a substantial growth of nearly 8.8% over the forecast period.
• The market was valued at USD 900 million, in 2019 and is expected to be valued at over USD 1,700 million.
• On the basis of the type segment, hair styling serum dominated the global Hair Serum market in 2019. In terms of revenue, it accounted for more than a 67% share of the total market in 2019.
• Asia Pacific market is expected to be the fastest goring region for Hair serums over the forecast period owing to growing investments for R&D and consumer goods companies in the region.
• By geography, the North American region headed the market with a share of above 31%, in 2019.

Key Recommendations from Analysts

• A higher prevalence of styling products, high disposable income, and high advertisement are major factors that are expected to drive development in the near future.
• The strategic developments such as regional expansion, product innovations, and ongoing research and developments by the major companies such as HerStyler Oy, Henkel AG & Company, KGaA, Kao Corporation, etc. are likely to boom the market’s growth over the upcoming years.
• Our analysts recommend that the Asia Pacific region is predicted to witness significant growth attributed to the growing demand for Hair serums from China and India. 
• Expansion of hair serum companies especially in emerging markets is anticipated to fuel the demand for Hair Serum drugs in developing regions over the forthcoming years.
• Strengthening the distribution channel and growing availability of hair serum online may also help the major player to cater to the lucrative growth of the market over the years to come.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Hair Serum industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Hair Serum industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Hair Serum market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Hair Serum industry. The Hair Serum market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Hair Serum sector. Key strategic developments in the Hair Serum market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Hair Serum market are appropriately highlighted in the report.

Report Scope

The Hair Serum market research report delivers an acute valuation and taxonomy of the Hair Serum industry by practically splitting the market on the basis of different types, categories, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Hair Serum industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Hair Serum industry is provided for the leading economies of the world.

The hair Serum market accounted for approximately USD 900 Million in 2019. The market is expected to grow above a CAGR of 8.8% and is anticipated to reach over USD 1,700 Million by 2026.

The hair serum market is a high-demand hair care product, as it has some additional benefits added to its use. Applied hair serum not only provides consistency but also acts as a hair shield by removing UV rays, toxins, and other pollutants from the skin. That protects the hair during scalp and hair washing for a longer period of time. To those who spend much of their time outdoors in one day, it is highly recommended as it has the properties to cope with severe hair problems. A common hair serum is often best used to benefit from all its advantages. A main consideration is selecting the right hair sugar for your hair before you buy a hair serum. The product is widely popular with women who want smooth, bright hair during the day. Nonetheless, it is best to take a few steps before we use a hair serum. You need to read the instructions in the bottle and keep an eye on the consistency of your hair, in addition to using a high-end brand and the right serum for the unique shape of your hair.

The Hair Serum market is segmented based on drug type and region. On the basis of drug type segmentation, the market is classified into antidepressant drugs, mood stabilizers, antipsychotic drugs, and others.

Some of the essential players operating in the Hair Serum market, but not restricted include :

• HerStyler Oy
• Henkel AG & Company
• KGaA
• Kao Corporation
• The Procter and Gamble Company
• L’Oréal Group
• Unilever PLC
• Revlon Inc.
• Giovanni Cosmetics Inc.
• Natura & Co. (Avon Products Inc.)
• John Paul Mitchell Systems 

The taxonomy of the Hair Serum industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Hair styling serum
• Hair treatment serum

By Distribution Channel Segmentation Analysis

• Supermarkets
• Hypermarkets
• Departmental stores
• Drug stores
• Online e-retailers

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa