Market Size of Russia Salon Hair Care Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.47 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Russia Salon Hair Care Market Analysis
The Russian salon hair care market is projected to register a CAGR of 5.47% over the next five years.
- The increasing consumer consciousness of personal wellness and appearance and the increased expenditure on personal grooming, supported by the number of salons, is expected to boost the demand for hair care during the study period.
- Due to the rising demand for hair styling and personal care services, Russian salons are gaining high traction as they offer customer touch points. These salons utilize branded products to cater to their services, further promoting the brand and propelling the market growth. On the other hand, customers prefer consulting with salon professionals regarding what product to use and buying those professional hair care products, including hair colorants, owing to the reliability factor, boosting the market growth gradually.
- However, the potential health risks due to the toxic chemicals in hair care products hamper the market growth. To tackle the issue, salons and hair care products manufacturing companies are coming up with better solutions, like using natural ingredients and refraining from using ammonia or paraben.
- For example, Estel offers a range of hair colorants in the country, with different variants like non-ammonia hair color and hair dyes with natural ingredients. The company claims that Princess Essex's hair coloring range consists of guarana seed extract, beeswax, and keratin complex, owing to the increasing focus of consumers on ingredients. Thus, factors such as ensuring consumer safety and providing services/products with natural ingredients further boost the market in this region.
