Hair Care Market in GCC 2015-2019
About Hair Care
Leading vendors have begun offering hair care products with multiple benefits. In the GCC, demand for hair care products is a reflection of changing economic and social conditions. Also, climatic conditions and cultural dynamics encourage individuals in this region to spend on hair care products. Increase in disposable income and availability of a plethora of products have made consumers more conscious about beauty and personal care. In addition, consumers are focusing on the efficacy and quality of products, which provides immense opportunities for growth to international companies that manufacture superior-quality products.Technavio’s analysts forecast the hair care market in GCC to grow at a CAGR of 5.81% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the hair care market in GCC for the period 2015-2019. To calculate the market size, the report considers the revenue generated from hair care products across various regions in the GCC.
Technavio's report, Hair Care Market in GCC, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the GCC; it also covers the hair care market landscape in the GCC and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Key Countries
Technavio Announces the Publication of its Research Report – Hair Care Market in GCC 2015-2019
Technavio recognizes the following companies as the key players in the Hair Care Market in GCC: L'Oreal, Marico, Procter & Gamble (P&G) and Unilever
Other Prominent Vendors in the market are: Avon, Estee Lauder, Godrej, Henkel, Neutrogena and Revlon
Commenting on the report, an analyst from Technavio’s team said: “The increase in oil prices in the last decade has led to higher income levels and better purchasing power of consumers in GCC. GDP per capita is likely to grow in 2019. High disposable income encourages consumers to purchase high-quality personal care and grooming products, enabling the growth of the hair care market in this region.”
According to the report, awareness about the quality of hair care products has increased among the consumers in this region. This has led to an influx of high-quality beauty products in the market. Hair care products have gained traction among the young generation in the region because they are more aware about the global trends related to fashion.Further, the report states that the availability of counterfeit products is hampering market growth significantly.
L'Oreal, Marico, Procter & Gamble (P&G), Unilever, Avon, Estee Lauder, Godrej, Henkel, Neutrogena, Revlon
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