Canada Professional Hair Care Market is estimated to hit $388.58 million by 2023

According to the new market research report by IndustryARC titled “Canada Professional Hair Care Market: By Categories (Coloring, Perming & Straightening, Shampoo & Conditioning & Styling); Sales Channel (Back Bar and Take Home) & By Company – Forecast(2018-2023)”, the market is driven by the increased need for safer, biocompatible and flexible products.

The Canadian professional hair care market registered $352.8 million revenue in 2017 and is estimated to reach $388.58 million by 2023 at 1.37% CAGR. Among all the segments, hair coloring is dominating the market, registering $131.37 million in 2017, and is projected to reach $146.395 million by 2023. Followed by this, shampoo and conditioning segment is registering significant growth due to rising demand from end-users, and is projected to continue this growth at a CAGR of 1.7% during the forecast period.

Selected / Sample Analysis done in the full Report:

Cosmetic industry in Canada is highly competitive, with around 3,800 cosmetics companies, most of which are small and medium-sized players.

In recent years, the beauty market has witnessed about 7,000 new product launches, especially in terms of anti-aging products and denture care, in view of the aging population.

Health Canada, FDA and Cosmetic Ingredient Review (CIR) are the regulatory bodies in Canada that lay down acts, regulations, and guidelines for the ingredients and chemical compositions of various cosmetics to ensure their safety.

Excerpts on Market Growth Factors Mentioned in the Full Report:

The growing expenditure on personal care is expected to increase further in the years to come, propelling the market for various hair, beauty, and personal care products.

Blogging and high social media activity by celebrities and style icons on websites such as Facebook, Instagram, Twitter, and YouTube, greatly influence people to follow their styles, which will contribute to the market growth.

The increased promotional activities and endorsements by celebrities to advertise professional hair care products is another key market driving factor.

To access the full report browse the link below

https://industryarc.com/Report/7396/canada-professional-hair-care-market-report.html?

Key Players of the Canada Professional Hair Care Market:

L’Oreal Group, featuring the top professional hair care brands in Canada such as L’Oreal Professionnel, Redken, PureologyMatrix, Kerastase and Shu Uemura, is the key player accounting for 29.5% of the total professional haircare market in Canada. L’Oreal Professionnel has added “Wet Domination” product line to the styling Series Tecni.ART for wet-styled looks.

What can you expect from the report?

The Canada Professional Hair Care Market Report is Prepared with the Main Agenda to Cover the following 20 points:

Market Size by Product Categories

Market trends

Manufacturer Landscape

Distributor Landscape

Pricing Analysis

Top 10 End-user Analysis

Product Benchmarking

Product Developments

Mergers & Acquisition Analysis

Patent Analysis

Demand Analysis ( By Revenue & Volume )

Country-level Analysis (10+)

Competitor Analysis

Market Shares Analysis

Value Chain Analysis

Supply Chain Analysis

Strategic Analysis

Current & Future Market Landscape Analysis

Opportunity Analysis

Revenue and Volume Analysis

Media Contact:

Mr. Venkat Reddy

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About IndustryARC:

IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights into the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.

We look forward to supporting the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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