According to the market research report “United Kingdom Professional Hair Care Market: By Product Category (Coloring, Perming & Straightening, Shampoo & Conditioning & Styling); By Distribution Channel (Direct, Distributors / Wholesalers) & By Company - Forecast (2017 - 2022)”, published by IndustryARC, estimates the market to reach $665.97m by 2020.
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Unlike regular hair care products, professional hair care products are available in salons only and are used by salon professionals to offer various hair services like coloring, perming & straightening, shampoo & conditioning and styling. Increasing disposable income of people in the U.K. is propelling the growth of the U.K. professional hair care market. Hair services like hair treatment, hair styling and so on are possible with professional hair care products which are available at salons. The market for the U.K. professional hair care is segmented based category, distribution channel and company.
The U.K. professional hair care market was estimated to be $591.37m in 2014. This market is led by robust growth in hair coloring, shampoo & conditioning and styling categories. Hair coloring category is estimated to continue its dominance in the U.K. professional hair care market during the forecast period. Direct distribution channel is the largest segment for the U.K. professional hair care market. Coloring category is estimated to witness fastest growth during 2015-2020 owing to growing usage of permanent coloring products in the region. Increasing number of aging population, growing demand for take home products for men styling and hair care are the other major factors driving the U.K. professional hair care market.
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The Key Players in this Market Include
Henkel AG & Co., KGaA
Procter & Gamble Co.
Top five companies held more than 65% of the market share in 2014. The growing number of start-ups coupled with new product developments will however shift the market share slightly from key players to smaller companies. The dynamics for the U.K. professional hair care market share is expected to be impacted extensively by 2020 owing to the competition among key players which leads to competitive development of innovative products. Acquisitions, product launch and expansion are few of the growth strategies of the key players in the industry who are striving to increase their market share.
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