South Africa Luxury Hair Care Market Size & Outlook
South Africa luxury hair care market, 2018-2030 (US$M)
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South Africa luxury hair care market highlights
- The South Africa luxury hair care market generated a revenue of USD 1,010.5 million in 2023 and is expected to reach USD 2,007.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.3% from 2024 to 2030.
- In terms of segment, shampoos was the largest revenue generating product in 2023.
- Hair Coloring Products is the most lucrative product segment registering the fastest growth during the forecast period.
Luxury hair care market data book summary
| 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 |
Other key industry trends
- In terms of revenue, South Africa accounted for 4.8% of the global luxury hair care market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa luxury hair care market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 549.9 million by 2030.
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Luxury Hair Care Market Scope
Luxury Hair Care Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa luxury hair care market outlook
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.
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Our clientele includes a mix of luxury hair care market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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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South Africa luxury hair care market size, by product, 2018-2030 (US$M)
South Africa Luxury Hair Care Market Outlook Share, 2023 & 2030 (US$M)
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