NORTH AMERICA HAIR STYLING PRODUCT FORMULATIONS MARKET ANALYSIS

North America Hair Styling Product Formulations MarketSize and Trends

North America hair styling product formulations market is estimated to be valued at US$ 8.8 Bn by 2030, exhibiting a CAGR of 5.4% during the forecast period (2023 to 2030).

Technology has advanced in recent years, resulting in a variety of product options. Growing popularity of hair styling products among men, and rising demand for items such as hair gels, hair wax, and clays, among other things are expected to drive the North America hair styling product formulations market growth. North America hair styling product formulations market growth is driven by rising improvements in ingredients and technology such as hair care products that address hair loss, enhanced product formulations, and rising demand for hair styling and colorant products. This wide range of products such as hair spray, serum, and others is expected to drive North America hair styling product formulations market growth due to the popularity of hair styling and personal care among the consumers.

North America Hair Styling Product Formulations Market Trends

• Emerging trends that seem to have  direct influence on the market expansion include growing inclination towards hair care products. North America hair styling product formulations market is experiencing tremendous evolution with the emergence of various hair styling, hair regrowth, and hair colorant products. The advancements in ingredients and technologies is resulting in improved formulations of hair care products, which are manufactured for treating hair loss.
• Men in the North America region are becoming more conscious regarding their hairstyles that increases their dependence on hairsprays to keep their hair appearance lightweight while still providing volume. With a fashion-conscious youth population that is constantly informed about various hair care offerings, such as hair styling and colorant products which  express individuality of consumer and consumer habbits   are driving the market growth.   

    Figure 1. North America Hair Styling Product Formulations Market, Revenue Share (%), By End User, 2022