Market Size of Colombia Hair Care Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.74 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Colombia Hair Care Market Analysis
Colombia hair care market is anticipated to witness a CAGR of 4.74% during the forecast period (2020- 2025).
- Natural ingredients and organic formulations are witnessing high demand in the market, compelling key manufacturers to launch hair-care products with natural/clean product labels.
- The factors like pollution, sun damage, scalp issues, hair thinning and loss have led to an increased the focus of consumers on the categories of hair care and have thus been driving the market.
- However, due to the dominance of the global players in the market, the domestic players have not been able to do exceptionally well and have thus witnessed a retarded growth.