In 2021, the global hair relaxer market exhibited significant growth and is projected to maintain a steady revenue CAGR throughout the forecast period. This growth can be attributed to several factors, including rapid urbanization, the improvement of living standards in developing countries, the increasing popularity of experimenting with trendy hairstyles, and the growing demand for converting curly hair into smooth, soft, and straight hair. Hair relaxer is a cream or lotion that chemically relaxes natural curls, thereby reducing curls by breaking the hair strands and altering the hair texture. Thio relaxer, alkaline and lye relaxer, no-lye relaxer, and down perm are the most commonly used hair relaxers. Women with curly hair often opt for hair relaxing treatments to eliminate frizz and strong curls.
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Top Companies Operating in the Global Hair Relaxer Market Report:
- Luster Products Inc.
- Henkel AG Co. KGaA
- Procter Gamble
- REVLON
- Epitomi Technology Inc.
- Softsheen-Carson
- Mega Growth
- L'Oréal S.A.
- Unilever
- Croda International Plc
- Jotoco Corp.
- Avlon
- Matrix
- Pureology Ltd.
- African Pride
- Redken
- Vasa Global Cosmetics
- Daxal Cosmetics Private Limited
Revenue growth in the global consumer goods market is primarily due to factors such as the rapid increase in the world population, the growing demand for food and other essential goods, including healthcare nutrition, personal care hygiene, and electronic products. Consumer preferences and lifestyles are changing significantly, the demand for packaged and processed food and beverage products is rising, and the number of people working is increasing. There has been a rapid adoption of cutting-edge technologies such as artificial intelligence (AI), IoT (Internet of Things), big data analytics, robotics automation in the consumer goods industry. Other key factors driving the growth of the global consumer goods market include a growing awareness of the adverse environmental impacts of plastic packaging and a growing demand for eco-friendly and sustainable packaging solutions. Rising income levels in developing economies such as India and stringent government regulations for product quality and safety are expected to boost market revenue growth in the near future.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Thio Relaxer
- Alkaline and Lye Relaxer
- No Lye Relaxer
- Down Perm
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Direct Sales
- E-commerce
- Retail Shop
- Hypermarkets
- Supermarkets
- Specialty Stores
- Wholesale Stores
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Commercial Use
- Home Use
Key Takeaways of the Global Hair Relaxer Market Report:
- A comprehensive overview of the global Hair Relaxer industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Hair Relaxer market.
- Elaborate study of the leading regional markets in the global Hair Relaxer market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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