Hair Clay Market Forecast and CAGR
According to latest research by Fact.MR, hair clay market is set to witness growth during assessment period of 2021-2031. Increasing demand for hair styling and grooming products has made the industry sustain and innovate new grooming products. The hair clay industry is forecasted to grow at a significant rate over the coming ten years.
What is Driving Demand for Hair Clay?
Hair Clay is a type of hair styling product which when applied keeps the hair in stated position allowing them to style hairs in various types. They also make hair soft unlike hair wax which just helps in styling hairs. Such products are used by actors, models, youngsters, or anyone who wishes to style their hair.
Growing urban lifestyle needs, rapid urbanization, desire to look good and impress others are some of the reasons that the demand for hair clay and other products are increasing.
Nowadays people are more conscious towards their appearance and spend a significant amount of money on hair styling and other products. Moreover, cosmetic giants are introducing new products and advertising them displaying their benefits to the customers.
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Covid-19 Impact on Global Hair Clay Market
Covid-19 has hit the global economy with a major blow to the hair clay business. The epidemic disrupts procurement and undermines supply chain. Covid-19 has imposed a nationwide closure due to a high rate of infection that could lead to serious health problems beyond a widespread consumer base.
Global trade and manufacturing industries set up around the world were silenced which resulted in a sharp rise in the annual revenue bar. This has clearly affected the hair clay business and has had a negative impact on overall business growth.
Due to lockdown in various places, people stopped leaving their homes and this led to them using less self-cleaning products. This has had a negative impact on the business of makeup and styling products like hair clay. People stopped using of styling products in their daily usage and hence demand declined of hair styling and makeup products.
Regional regulatory agencies and government agencies have taken important steps to address the epidemic and fight effectively. Governments are encouraging people to get vaccinated and providing vaccines free of cost to its citizens and insisting on strengthening their infrastructure in the face of disease outbreaks and in the long run.
Global Hair Clay Market Geographical Outlook
Growing trend for grooming and awareness towards grooming products has made the demand for products like hair clay prevalent in all the regions. Rapid urbanization and growing lifestyle of people has made the market for such products. People try to look good due to increasing social media usage, making them to upload posts.
North America region being the largest market is forecasted to stay the dominant market over coming years. Top lifestyle brands being based in countries such as US and Canada have made people aware of different benefits and usages of such products. Moreover, lifestyle of western citizens has been inclined towards grooming and looking good makes the market demand for such hair clay products.
Europe shares a similar market trend with North America as people are more self-conscious and spend a significant amount on appearances using various makeup and hairstyling products.
Whereas Asia Pacific consisting of developing countries like China and India has seen a significant growth in demand for such products due to rising income level of people and rapid urbanization.
Increase in trade and commerce has led to increasing income levels of people, also the availability of social media such as Instagram, Snapchat etc. has acted as catalyst and use of makeup products such as hair clay. Middle East and African countries has also seen demand for grooming and lifestyle products increasing.
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Who are the Key Manufacturers of Hair Clay?
The major manufacturers are
- Hair Craft
- Estee Lauder
- Baxter International
- American Crew
They hold maximum of the market share and produces the most of the products. All leading players of hair clay market is defined considering the aspects such as areas of production, operation, and product portfolio. Hair clay is used for styling of hairs which is becoming a trend in men’s grooming industry. The manufacturers have to offer a vast variety of products to capture the market and keep customers engaged with their added benefits.
Hair Clay Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
An Adaptive Approach to Modern-day Research Needs
Product Type Coverage
- Medium Hold
- Strong Hold
- Hair Texturizing
- Hair Holding
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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