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Shampoo Consumption Market Report
Global Shampoo Consumption Market, Trends, Dynamics, and Market Analysis
The report on the Global Shampoo Consumption Market is segmented By Chemical Composition (Herbal-Based, Chemical-Based), Product (Therapeutics, Cosmetics), Type (Dry, Wet, Solid), Application (Households, Salons), End-User (Men, Women, Children), and Region. It also covers the Covid-19 effects on the market. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Shampoo Consumption market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The Global Shampoo Consumption Market is expected to grow from USD 29.5 billion in 2020 to USD 36.8 billion by 2026 at a CAGR of over 3.8% during the forecast period.
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Shampoo is defined as a basic hair care product that accounts for the largest share of hair cosmetics products. It is in the form of a viscous liquid used for cleaning hair. It is an integral part of our routine. The different types of shampoo available in the market include wet, dry, and solid. Wet shampoo has been widely used by consumers across geographies.
Key players operating in the global Shampoo Consumption Market are-
The growth of the global shampoo consumption market is primarily driven by the growing prevalence of various hair disorders such as dandruff, oily hair, hair fall, and dry hair among others.
Based on product, the shampoo consumption market has been segmented into therapeutics and cosmetics.
Geographically, the market in Asia-Pacific accounted for the largest market share in 2020 and is expected to continue its dominance over the forecast period owing to expanding populace and growing urbanization in the developing countries particularly China and India.
The market in North America and Europe is expected to be driven by rising demand for high-quality shampoo and rising incidences of hair-related disorders.
Covid-19 outbreak impacted the growth of the shampoo consumption market negatively for a short period of time. The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions, which in turn affected the manufacturing and availability of the product in the market. However, with the reopening of economies, the online sale of shampoo increased and thus, supported the market growth.
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The shampoo consumption market size is expected to reach USD 36.8 billion in the coming years.
The Procter & Gamble Company (The U.S), Art Naturals (The U.S), Bioveda Action Research Company (India), Patanjali Ayurved (India), L'Oréal S.A. (France), Wella Profesionals (Switzerland), Lush (UK), Basin (The U.S), Unilever plc (UK) and Herbal Essences (India) are among the key players in the shampoo consumption market.
The shampoo consumption market is expected to witness an impressive growth of 3.8% CAGR in the foreseeable future.
Growing prevalence of various hair disorders such as dandruff, oily hair, hair fall, and dry hair among others, growing urbanization and changing lifestyles coupled with rising per capita disposable income of the consumers are the factors driving the growth of shampoo consumption market.
Asia-Pacific accounted for the largest market share in 2020 and is expected to continue its dominance over the forecast period.
Shampoo consumption manufacturers, Shampoo consumption suppliers, Shampoo consumption distributors, Organizations, Government bodies are the target audience in the shampoo consumption market.
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