Hair: Daniele de Angelis @ Toni&Guy
Ph: Danny J Peace
The rise in male grooming and the growing number of fashion conscious consumers mean the global hair care market is set to grow steadily over the next three years, new figures have revealed.
Market research by Technavio has predicted that the global hair care market will grow at an annual rate of 3 per cent (Compound Annual Growth Rate) between now and 2019 to exceed USD 91 billion.
The trend for male grooming and the growing number of fashion-conscious consumers were cited as the principal reasons behind the growth, with the aging populations of developed nations such as the US, the UK, Canada, Germany, China, and Japan also boosting the sales of hair products.
