The Global Professional Hair Care Market is projected to reach $26 billion by 2026, according to a report by Allied Market Research. 

More details: According to the report, the global professional hair care market garnered $19.16 billion in 2019, and is estimated to reach $26.24 billion by 2026, registering a CAGR of 4.6% from 2019 to 2026.

The COVID-19 Update

The coronavirus outbreak has had a slight effect on the global professional hair care market. Specialty stores and e-commerce platforms have provided consumers with these products across the globe.

Manufacturing and R&D activities in hair care industry were paused during coronavirus pandemic.

Shampoo & Hair Color 

The Shampoo segment accounted for nearly two-fifth of the global professional hair care market in 2019, and is expected to maintain its lead in terms of revenue throughout the forecast period.

This is due to the availability of wide range of professional shampoos in the market, providing solutions to different hair problems such as hair fall, dandruff, rough hair, and others.

The hair coloring segment is estimated to portray the highest CAGR of 4.9% from 2019 to 2026.

Social media, celebrity influence, and a surge in fashion trends related to hair color are fueling this category’s growth. 

Salon Distribution vs Ecommerce

Specialty stores and e-commerce platforms have provided consumers with these products across the globe.

Based on the distribution channel, the salons segment is forecasted to maintain its leadership position regaridng market share.

The salons segment contributed to the highest market share with nearly one-third of the global professional hair care market in 2019, and is estimated to maintain its leadership position during the forecast period. This is attributed to surge in number of barbers, hair dressers, and stylists.

However, the e-commerce segment is estimated to generate the fastest CAGR of 6.1% from 2019 to 2026. Easy accessibility and promotions are fueling growth in this segment.