The United Kingdom Professional Hair Care Market Overview:
According to the UK Biobank Study by the US National Library of Medicine National Institutes of Health, male pattern baldness affects 80% of men by the age of 80, and it has psychological ramifications that lead to self-consciousness and change in social perceptions. The results were based on the tests conducted that involved 52,000 male participants from the UK aged between 40-69 years. The tests reflect the situation of problems regarding hair loss in the UK. Consequently, hair care services and products are on the rise making up for the booming United Kingdom professional hair care market that had a market size of $600 million to $650 million as of 2018. Furthermore, the market demand for professional hair care in the country will observe a moderate CAGR of 2% to 3% during the forecast period of 2019 to 2025.
The UK Professional Hair Care Market Outlook:
Professional hair care is a term used for hygiene and cosmetology that involves the treatment of hair follicle, hair root, root sheath, and sebaceous gland through electrolysis and other methods executed by licensed professionals. The services pertaining to professional hair care are generally provided in salons, barbershops, and day spas.
The major types of professional hair care are hair-straightening, application of styling gel and hairspray, and some others, but the most prevalent form of hair care is coloring, and its application will grow with a CAGR of 2% to 3%. Hair coloring has gained prominence in the UK professional hair care market predominantly because it has become a style statement. Another factor which substantially aids the sales of hair colorants in the UK is the aging population. According to the Office of National Statistics (ONS), around 18.2% of the UK population was over 65 years of age in 2017 with a projection of 20.7% by 2020. The aging people use distinctive dyes to retain their original hair color which largely supports the hair coloring segment of the UK professional hair care market.
The UK Professional Hair Care Market Growth Drivers:
- The Increment in Disposable Personal Income –
Based on the findings by ONS, FY 2017 had observed a rise in the median disposable personal income in the UK by 2.3% as compared to the previous years, which translated to $36,155. Some part of this disposable personal income is spent on hair care that includes hair styling, straightening, and coloring. The rise in disposable income has widened the prospects in the UK professional hair care market.
- The Increasing Awareness About the Benefits of Hair Care –
Previously, people used to believe that professional hair care products are detrimental to hair as they are inorganically manufactured and involve chemicals. However, there is a palpable awareness among the target customers through digital media and other sources that ingredients such as parabens and sulfates do not damage hair but strengthen it. Moreover, shampoo is identified to be an adjunct in the cure of various scalp disorders. The knowledge about hair care is proliferating, and many residents of the UK have made it an imperative aspect of their lifestyle which is driving the UK professional hair care market growth.
- The Seasonal Circumstances in the UK Affecting Hair –
The low temperatures and dryness associated with winter are attributable to thinning of hair that subsequently leads to hair loss. Apparently, the countries in the UK observe low temperatures during most of the months in the year, which makes up for the sustainable professional hair care marketplace in the UK.
The UK Professional Hair Care Market Trends:
- Organic Hair Care Products –
Organic products have successfully penetrated into the UK professional hair care market owing to the demand for organically manufactured goods in almost every sector. Recently, the customers are also demanding organic colorants for hair which is making companies venture into organic professional hair care products
- The Color DJ Machine Altering the Modus Operandi –
In April 2018, Wella Professionals had launched the color DJ machine which allows professionals to use an application in their iPad that can mix the bespoke glass color mask. This innovation will bring a tectonic shift in the UK professional hair care market with a lot as a lot of salons and spa centers will start using it.
The UK Professional Hair Care Market Challenges:
The major challenge faced by the vendors in the UK professional hair care market is the growing competitions owing to the escalating demand. A lot of small vendors have emerged that are dwarfing the revenues of the big giants. Another challenge is the millennial generation’s insatiable demand for organic products. However, as mentioned above, the vendors are reinventing their production strategies and offering organic hair care products to retain their position in the market.
The UK Professional Hair Care Market Key Players Perspective:
The key players capitalizing on the UK professional hair care market demand are Medtronic Plc., Stryker Corporation, Johnson & Johnson, Conmed Corporation, Alcon Laboratories Inc., Smith & Nephew Plc, Zimmer Holdings Inc., and Boston Scientific.
The UK Professional Hair Care Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the UK professional hair care market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of the products in the UK professional hair care market that include coloring, perming & straightening, styling gel, serum, shampoo & conditioning, and hair spray. The report analyses the product demands by the end-use that include salon and bridal.
Key Questions Addressed in the UK Professional Hair Care Market Report
Is the market demand for the UK professional hair care growing? How long will it continue to grow and at what rate?
Which type of home security system presents the major growth opportunities?
Is there a possibility for change in the market structure over time?
Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?
Do the key vendors look for partnerships to expand their businesses with respect to geography or product?
What are the short-term, long-term, and medium-term growth drivers for the market?
What are the short-term, medium-term, and long-term challenges for the market?
What are the short-term, medium-term, and long-term opportunities for the market
Who are the top players/companies of the market?
What are the recent innovations in the market?
How many patents have been filed by the leading players?
What are the types of patents filed by the leading players?
What is our Vision 2030 for the UK professional hair care market?
A Few Focus Points Of This Research Are Given Below:
- Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies
- Provide an overview of the product portfolio, including product planning, development, and positioning
- Discuss the role of technology companies in partnerships
- Explore the regional sales activities
- Analyze the market size and giving the forecast for current and future global the UK professional hair care market during the forecast 2018–2023
- Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures