Market revenue in 2023 | USD 1,010.5 million |
Market revenue in 2030 | USD 2,007.5 million |
Growth rate | 10.3% (CAGR from 2023 to 2030) |
Largest segment | Shampoos |
Fastest growing segment | Hair Coloring Products |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Shampoos, Conditioners, Hair Coloring Products, Hair Styling Products, Hair Oil |
Key market players worldwide | L'Oreal SA, The Estee Lauder Companies Inc Class A, Kaneka Corp, Kao Corp, KOSE Corp, Seven Haircare, Alcora Corporation, Jose Eber Hair, Philip Kingsley, Kevin Murphy |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to luxury hair care market will help companies and investors design strategic landscapes.
Shampoos was the largest segment with a revenue share of 30.59% in 2023. Horizon Databook has segmented the South Africa luxury hair care market based on shampoos, conditioners, hair coloring products, hair styling products, hair oil covering the revenue growth of each sub-segment from 2018 to 2030.
The growing middle class in South Africa possesses greater buying power, resulting in an elevated desire for luxury items, particularly premium hair care products. Moreover, the influence of global beauty and fashion trends on South African consumers is on the rise.
Social media platforms further amplify this awareness and interest in luxury hair care products, resulting in the increased popularity of brands like O'RIGHT, My Natural Hair, AfroBotanics, Everything Hair, and Philip Martin's.
Beyond affordability, many consumers have been prioritizing sustainable processes and products in their purchasing decisions. As a significant number of hair care products come in plastic packaging, many consumers are now inclined to choose brands that provide products in eco-friendly and sustainable packaging.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa luxury hair care market , including forecasts for subscribers. This country databook contains high-level insights into South Africa luxury hair care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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