The hair care and color market in Canada is worth USD XX.XX billion in 2017, growing at a modest CAGR of X.XX% during the forecast period. The chemical treatment sector has slowed down to give way to hair strengthening products like conditioners. Shampoos continue to hold the largest market share but registered very low growth of XX% by volume. Conditioners and other relaxants will register high growth.
Furthermore, the men’s hair care category is projected to be growing at a CAGR of X.XX%. The ethnic hair care market, including hair care types for different minorities, has increased based on the demand for these and a highly diversified ethnic background in Canada.
Canada Hair Care Market-Market Dynamics
The larger trends in the Canadian hair care market include an increased focus on hair health and well-being. Canada’s hair care market is diversified and is currently the hotbed for a number of new hair care innovations, in partnership with its US market sectors. The high growth is being driven by minorities hair care, using the most popular DIY procedures as cues to launch easy-to-do hair care packs. With similar disposable incomes and market scenario, Canada’s hair care market can be said to reflect the trends of the US hair care market. In fact, market segmentation in the Canadian hair care market mirrors that of the US hair care market to the very nuances and upcoming trends, including that of an upcoming ethnic hair care market segment.
The major drivers of the market are:
Some of the factors restraining the market include:
Some of the key players mentioned in the report include:
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