The global professional hair care market is estimated to be valued at US$ 19.3 Bn in 2020 and is expected to exhibit a CAGR of 5.3% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.

Market Overview:
The professional hair care market includes a wide range of products and services that are specifically designed for hair care professionals and salons. These products offer several advantages such as advanced hair care formulations, professional-grade ingredients, and long-lasting results. The need for these products is driven by the increasing demand for personalized and professional hair care solutions. Consumers are willing to invest in high-quality hair care products that are tailored to their specific needs, ensuring healthy and lustrous hair.

Market key trends:
One key trend in the professional hair care market is the growing demand for natural and sustainable products. Consumers are becoming more conscious about the ingredients used in their hair care products, leading to a shift towards natural and organic formulations. This trend is driven by the increasing awareness about the harmful effects of chemicals and synthetic ingredients on hair health. For instance, companies like Fable & Mane, Aveda Corporation, and Unilever Corporation have introduced natural and sustainable hair care products that are free from harsh chemicals and are environment-friendly. The use of botanical extracts, essential oils, and plant-based ingredients provides nourishment and improves the overall health of the hair.

PEST Analysis:
Political: The professional hair care market is influenced by political factors such as government regulations and trade policies. For instance, import/export regulations can impact the availability of certain ingredients or finished products in different regions.

Economic: The economic factors like disposable income, consumer spending patterns, and GDP growth influence the purchasing power of consumers and their willingness to invest in professional hair care products and services.

Social: The social factors like changing beauty trends, cultural preferences, and social media influence play a significant role in shaping consumer behavior and their choices in the professional hair care market.

Technological: The technological advancements in the hair care industry, such as the development of advanced formulations, innovative ingredients, and devices, drive the growth of the professional hair care market. For instance, the introduction of hair straighteners, curling irons, and hair dryers with advanced features and damage control technologies enhance the salon experience and improve the overall outcomes.

Key Takeaways:
- The global Professional Hair Care Market is expected to witness high growth, exhibiting a CAGR of 5.3% over the forecast period, due to the increasing demand for personalized and professional hair care solutions.
- North America is expected to dominate the professional hair care market, driven by the presence of key players and a high awareness about hair care products among consumers.
- The key players operating in the global professional hair care market include Fable & Mane, Henkel AG, Procter & Gamble Co., Unilever Corporation, Kao Corporation, Aveda Corporation, Avon Products Inc., L'Oreal S.A., Revlon, Inc., Johnson & Johnson, Natura & Co., and Coty Inc. These players are focusing on product innovation, partnerships, and acquisitions to gain a competitive edge in the market.

In conclusion, the global professional hair care market is witnessing significant growth due to the increasing demand for natural and sustainable products. Consumers' growing preference for personalized hair care solutions has created opportunities for key players to introduce advanced formulations and innovative products. With the rise of social media and evolving beauty trends, the professional hair care market is expected to continue its growth trajectory in the coming years.