In 2022, the global hair serums ingredient market is anticipated to achieve a market value of US$ 1,171.36 million. During the forecast period of 2022-2032, it is projected to record a Compound Annual Growth Rate (CAGR) of 9%. By 2032, sales of hair serums ingredients are expected to reach US$ 2,772.96 million.
Hair serums come across as hair nourishing liquids that are especially popular amongst the women. At the same time, social media influence has prompted even men to look into them. They are being used in the form of treatment generally formulated through silicones for providing protection over hair fiber.
This protection does impart shine to the hair. Also, with growing advertisements in beauty salons and media, the hair serums have gained noteworthy attention at the global level. The celebrities are also increasingly endorsing hair serums. This factor is expected to help hair serums ingredient market grow unabated in the forecast period.
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- Increasing disposable income: Rising disposable income allows consumers to spend more on haircare products, driving market growth.
- Changing hairstyle trends: Evolving hairstyle trends encourage consumers to experiment with different hair products, including serums, fueling market expansion.
- Population growth: Growing population means more potential consumers for hair serums, contributing to market growth.
- Increasing roughness of hair: Rising air pollution levels can lead to hair damage, creating a demand for hair serums to combat roughness and improve hair health.
- Growing usage of professional haircare products: The adoption of professional haircare products, including serums, in developed regions boosts market growth.
- Increasing demand for organic hair serums: Consumers’ preference for natural and organic products drives the demand for organic hair serums, driving industry growth.
However, the fact that laws regarding approvals of consumers’ products are not uniform all over could hinder the hair serums ingredient market in the forecast period. Future Market Insights has walked through these facets with future prospects in its latest market study entitled ‘Hair Serums Ingredient Market’. Its indigenous team of analysts and consultants is there with its bottom-up approach to execute. Primary, secondary, and tertiary modes of research are being incorporated.
Key Takeaways from Hair Serums Ingredient Market
- North America holds the largest market share. This could be attributed to expanding consumer base coupled with rise in disposable income.
- Europe stands second with growing awareness regarding the importance of hair serums all across.
- The Asia-Pacific is expected to grow at the fastest rate in the hair serums ingredient market. This could be reasoned with South Korea, Japan, China, and India being a hub of the cosmetics.
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Competitive Ingredients
- Parchem supplies D-Panthenol, which serves the pharmaceutical products, cosmetic ingredients, and personal care ingredients.
- Alexmo Cosmetics supplies keratin, which is being recommended for usage in protecting and repairing hair care products, particularly in the formulations for hair damaged by hair dyeing or perming.
“With the basic advantage that air serum does act as protective layer in the form of prevention of the UV rays, and entry of dust and pollutants, the global hair serums ingredient market is bound to grow on impertinent note in the hair serums ingredient market going forward”, says an analyst from Future Market Insights.
Key Segments Profiled in the Global Hair Serum Ingredient Market
Ingredient Type:
- Hair Serum Parabens
- Hair Serum Sealants
- Hair Serum Silicones
- Hair Serum Proteins
- Hair Serum Essential Fats and Oils
- Hair Serum Fragrances
- Hair Serum Alcohol
Nature:
- Conventional Hair Serum
- Natural Hair Serum
Sales Channel:
- Direct Hair Serums Ingredient Sales
- Indirect Hair Serums Ingredient Sales
- Specialty Stores
- E-Commerce
- Others
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
What does the Report encompass?
- The research study is based on ingredient type (hair serum parabens, hair serum sealants, hair serum silicones, hair serum proteins, hair serum essential fats and oils, hair serum fragrances, and hair serum alcohol), by nature (conventional hair serum and natural hair serum), and by sales channel (direct hair serums ingredient sales, indirect hair serums ingredient sales, specialty stores, e-Commerce, and likewise).
- With growing penetration of internet coupled with increasing influence of social media, the hair serums ingredient market is expected to grow at the stupendous rate in the near future.
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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