Market Size of Asia-Pacific Perms and Relaxants Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.23 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Perms & Relaxants Market Analysis
Asia-Pacific perms and relaxants market is anticipated to witness a CAGR of 4.23% during the forecast period (2020 - 2025).
- Increased preference for hairstyling, changing lifestyle, urbanization, and marketing and promotional activities are the primary factors fueling the market growth of perms and relaxants in the region. Furthermore, with the rise in disposable income in China and India, the demand for hair care products has grown rapidly in recent decades.
- The increasing replication of Western culture and fashion in the developing countries of the region has regulated the demand for perms and relaxant products.
- The demand for natural and organic personal care products has also gone up in recent years due to the spreading awareness regarding the ill-effects of chemical-based products, which is expected to pose new opportunities for the market.