As self-care and grooming awareness continue to rise, the hair bond multiplier market is projected to achieve a global revenue of approximately US$ 329 million by 2029. The market's value in 2023 stands at US$ 191.3 million. Over the forecast period from 2023 to 2029, the global market is anticipated to experience a modest growth rate of 5.4%.
Key Market Highlights
Increased Demand for Self-Care Products Fuels Hair Bond Multiplier Market
The growing consumer awareness regarding hair health and the necessity to counteract damage caused by harmful chemicals and hair care products have emerged as significant drivers of growth in the hair bond multiplier market in recent years.
In the post-pandemic landscape, individualism has gained prominence, leading to an influx of brands capitalizing on this trend. This shift has contributed to the increased demand for products like hair bond multipliers.
Salon-chain Collaborations Propel the Hair Bond Multiplier Market
To effectively target their consumers, a majority of hair bond multiplier market players are entering collaborations with global salons and hair treatment chains. This strategic approach aims to attract a substantial millennial audience, ultimately bolstering their market presence.
Furthermore, hair bond multiplier companies are forging partnerships with renowned hair treatment clinics, aligning with the observed surge in hair-related treatments in recent years.
- Hair Bond Multiplier Market Value (2023): US$ 191.3 million
- Anticipated Market Value (2029): US$ 329.3 million
- Value-based Compound Annual Growth Rate (CAGR) (2023 to 2029): 5.4%
The data underscores the moderate growth trajectory of the global market. With leading cosmetic companies investing in advanced hair care product research and development, the future outlook for the hair bond multiplier market appears promising.
Historical Sales Analysis Compared to Demand Outlook In 2022, the hair bond multiplier market achieved a valuation of US$ 181.9 million, driven by a growing consumer interest in haircare brands and the maintenance of hair health.
Historical Market Value (2022): US$ 181.9 million The market is expected to continue expanding, primarily due to the increasing awareness of the harsh chemicals used in hair styling and a rising preference for natural hair care and grooming products. By 2029, the demand for these products is projected to reach US$ 329.3 million.
Consumption Analysis of Hair Bond Multiplier Products
Hair bond multiplier products find substantial use among various consumer groups:
- Millennial Youth: These individuals are known for their experimentation with hairstyles, frequent hair bleaching, coloring, and chemical treatments.
- People with Chemically Processed Hair: Those who regularly use chemical treatments that weaken hair strands can benefit significantly from hair bond multipliers.
- Actors and Makeup Artists: Professionals requiring frequent changes in appearance turn to hair bond multipliers to counteract the damage caused by regular chemical treatments.
- Genetically Weaker Hair: Individuals with naturally thinner, weaker, or damaged hair can improve hair quality through hair bond multiplier products, which repair hair structural bonds.
Factors Driving Expansion of the Hair Bond Multipliers Market
- Hair Experimentation: A growing number of young people frequently change their hairstyles and colors, and hair bond multipliers help mitigate damage during these transformations by rejuvenating hair's hydrogen-sulfide bonds.
- Celebrity Endorsements: Social media influencers with vast followings play a significant role in promoting hair bond multipliers, expanding their reach to a broad customer base.
- Effective Advertising: Short video platforms enable brands to efficiently target their audience and convey product benefits, attracting millennials who are active on these platforms.
- Rising Disposable Incomes: Increased disposable incomes worldwide have led individuals to pay more attention to hair health, driving market growth.
- Influx of Big Brands: The entry of prominent companies such as L’Oréal S.A., Croda International Plc., Lakme Lever Private Limited, Earthly Body Inc., alongside the original patent holder Olaplex, has further bolstered the hair bond multiplier market.
Factors Restraining the Hair Bond Multiplier Market
- High Costs: Hair bond multiplier products are relatively expensive compared to other hair care items, limiting access for those with lower incomes, particularly during economic downturns.
- Shift to Chemical-Free Hair: Growing emphasis on natural, chemical-free hair care may affect the long-term expansion of the hair bond multiplier market since these products are primarily used during regular chemical treatments.
- Availability of Alternatives: An array of hair care products and treatments already exist, necessitating significant efforts from hair bond multiplier companies to establish trust in their product's benefits.
- Cheaper Substitutes: Inexpensive alternatives like deep conditioning shampoos, protein treatments, and DIY remedies already have a strong market presence, offering effectiveness at a lower cost, which may limit the revenue growth of hair bond multipliers.
Regional InsightsNorth America Dominates the Hair Bond Multiplier Market From a geographical perspective, North America stands out as the largest consumer of hair bond multiplier products, contributing to 43.1% of the global market's revenue share. This region's prominence can be attributed to the presence of internationally renowned influencers and the inclination of individuals to emulate their fashion icons.
- North America (2023): 43.1%
The North American market's growth is further driven by environmental factors, including air pollutants, combined with high individual incomes.
Rising Salon Culture Drives Revenue Growth in Asia Pacific The Asia Pacific region is experiencing a notable upswing in revenue growth attributed to the increasing popularity of hair bond multiplier products. This trend is fueled by urbanization, a sizable youth population in countries like India and China, and exposure to Western culture. Notably, heightened awareness of hair care, even among men, has led to a substantial uptick in hair care product usage across the Asia-Pacific region.
- Asia Pacific (2023): 26.3%
The Asia-Pacific belt ranks as the second-largest geographical region, closely followed by European countries. The influence of internet-based social media influencers has significantly contributed to the growth of this market segment.
Category InsightsEnhancer Kits Dominate the Hair Bond Multiplier Market The prevailing choice among users of hair bond multiplier products is the enhancer kit, encompassing all the essential products meticulously curated to fortify hair bonds damaged by chemical treatments and hair bleaches. Commanding a substantial market share of 63.40%, enhancer kits represent the preferred option among consumers.
Top Product Type: Kit
Market Share: 63.40%
Enhancer kits offer a holistic solution, providing users with all the necessary products for repairing damaged hair within a single package. The integration of these kits into salon services has further accelerated their market traction, while their availability in leading supermarket chains simplifies the purchasing process for customers.
Hair Bond Multiplier Proves Effective in Mitigating Hair Coloring Side Effects Regarding application, the hair bond multiplier market is categorized into hair coloring, hair treatment, and other applications. Leading the market, the hair coloring segment boasts a significant global revenue share of 45.20%.
Top Application: Hair Coloring
Market Share: 45.20%
In recent years, there has been a global trend of experimenting with various hair colors. However, this practice often involves the extensive use of chemical dyes and bleaches, which can harm hair health over time. Prolonged use of such colorants can weaken hydrogen-sulfide bonds, resulting in thinner and damaged hair. Hair bond multipliers play a crucial role in repairing this damage and preventing breakage during and after the coloring process.
Recent Developments in the Hair Bond Multiplier Market
In a recent announcement, Olaplex, the pioneering company that patented the first hair bond multiplier, unveiled a strategic partnership with renowned celebrity colorists. This collaboration includes Tracey Cunningham, Chad Kenyon, Bianca Hillier, Justin Anderson, Guy Tang, Christin Brown, Chrissy Rasmussen, Samantha Cusick, Jimmy Paul, and Laurent Philippon, who have been appointed as global brand ambassadors for Olaplex.
Amidst the intensifying competition within the hair bond multiplier market, driven by the emergence of numerous companies, several industry leaders have experienced a decline in revenue. Notably, Olaplex reported a 22% decrease in revenue during the fourth quarter of 2022.
Key Players in the Global Hair Bond Multiplier Market
- Olaplex LLC
- Lakme Lever Private Limited
- Earthly Body, Inc.
- Croda International Plc
- Avon Products, Inc.
- Henkel AG & Co. KGaA
- L'Oreal S.A.
- Kao Corporation (Kao Professional Salon Services Inc.)
- Brazilian Professionals LLC
- Affinage Salon Professional Limited
- The Procter & Gamble Company
- Keune Haircosmetics Manufacturing B.V.
- The Estee Lauder Companies, Inc.
- Other Market Players
Market Segmentation By Product Type:
- Hair Coloring
- Hair Treatment
- Personal Use
By Distribution Channel:
- Direct Sales
- Retail Sales
- Modern Trade Distributors and Wholesalers
- Health & Beauty Stores
- Online Retailers
- North America
- Latin America
- Asia Pacific
- Middle East and Africa"
1 Market Overview
1.2 Market Analysis by Type
1.2.1 Overview: Global Revenue by Type: 2022 Versus 2023 Versus 2029
1.3 Market Analysis by Application
1.3.1 Overview: Global Revenue by Application: 2022 Versus 2023 Versus 2029
1.4 Global Market Size & Forecast
1.4.1 Global Sales in Value (2017-2029))
1.4.2 Global Sales in Volume (2017-2029)
1.4.3 Global Price by Type (2017-2029) & (US$/Unit)
1.5 Global Production Capacity Analysis
1.5.1 Global Total Production Capacity (2017-2029)
1.5.2 Global Production Capacity by Geographic Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Market Drivers
1.6.2 Market Restraints
1.6.3 Trends Analysis
2 Manufacturers Profiles
**This is for each company**
2.1.1 Company Details
2.1.2 Company Major Business
2.1.3 Company Product and Services
2.1.4 Company Sales, Price, Revenue, Gross Margin and Market Share (2019-2022)
3 Sales by Manufacturer
3.1 Global Sales in Volume by Manufacturer (2020-2022)
3.2 Global Revenue by Manufacturer (2020-2022)
3.3 Key Manufacturer Position in Market
3.4 Market Concentration Rate
3.4.1 Top 3 Manufacturer Market Share
3.4.2 Top 6 Manufacturer Market Share
3.5 Global Production Capacity by Company
3.6 Manufacturer by Geography: Head Office and Production Site
3.7 New Entrant and Capacity Expansion Plans
3.8 Mergers & Acquisitions
4 Market Analysis by Region
4.1 Global Market Size by Region
4.1.1 Global Sales in Volume by Region (2017-2029)
4.1.2 Global Revenue by Region (2017-2029)
4.2 North America Revenue (2017-2029)
4.3 Europe Revenue (2017-2029)
4.4 Asia-Pacific Revenue (2017-2029)
4.5 South America Revenue (2017-2029)
4.6 Middle East and Africa Revenue (2017-2029)
5 Market Segment by Type
5.1 Global Sales in Volume by Type (2017-2029)
5.2 Global Revenue by Type (2017-2029)
5.3 Global Price by Type (2017-2029)
6 Market Segment by Application
6.1 Global Sales in Volume by Application (2017-2029)
6.2 Global Revenue by Application (2017-2029)
6.3 Global Price by Application (2017-2029)
7 North America by Country, by Type, and by Application
7.1 North America Sales by Type (2017-2029)
7.2 North America Sales by Application (2017-2029)
7.3 North America Market Size by Country
7.3.1 North America Sales in Volume by Country (2017-2029)
7.3.2 North America Revenue by Country (2017-2029)
7.3.3 United States Market Size and Forecast (2017-2029)
7.3.4 Canada Market Size and Forecast (2017-2029)
7.3.5 Mexico Market Size and Forecast (2017-2029)
8 Europe by Country, by Type, and by Application
8.1 Europe Sales by Type (2017-2029)
8.2 Europe Sales by Application (2017-2029)
8.3 Europe Market Size by Country
8.3.1 Europe Sales in Volume by Country (2017-2029)
8.3.2 Europe Revenue by Country (2017-2029)
8.3.3 Germany Market Size and Forecast (2017-2029)
8.3.4 France Market Size and Forecast (2017-2029)
8.3.5 United Kingdom Market Size and Forecast (2017-2029)
8.3.6 Russia Market Size and Forecast (2017-2029)
8.3.7 Italy Market Size and Forecast (2017-2029)
9 Asia-Pacific by Country, by Type, and by Application
9.1 Asia-Pacific Sales by Type (2017-2029)
9.2 Asia-Pacific Sales by Application (2017-2029)
9.3 Asia-Pacific Market Size by Region
9.3.1 Asia-Pacific Sales in Volume by Region (2017-2029)
9.3.2 Asia-Pacific Revenue by Region (2017-2029)
9.3.3 China Market Size and Forecast (2017-2029)
9.3.4 Japan Market Size and Forecast (2017-2029)
9.3.5 Korea Market Size and Forecast (2017-2029)
9.3.6 India Market Size and Forecast (2017-2029)
9.3.7 Southeast Asia Market Size and Forecast (2017-2029)
9.3.8 Australia Market Size and Forecast (2017-2029)
10 South America by Country, by Type, and by Application
10.1 South America Sales by Type (2017-2029)
10.2 South America Sales by Application (2017-2029)
10.3 South America Market Size by Country
10.3.1 South America Sales in Volume by Country (2017-2029)
10.3.2 South America Revenue by Country (2017-2029)
10.3.3 Brazil Market Size and Forecast (2017-2029)
10.3.4 Argentina Market Size and Forecast (2017-2029)
11 Middle East & Africa by Country, by Type, and by Application
11.1 Middle East & Africa Sales by Type (2017-2029)
11.2 Middle East & Africa Sales by Application (2017-2029)
11.3 Middle East & Africa Market Size by Country
11.3.1 Middle East & Africa Sales in Volume by Country (2017-2029)
11.3.2 Middle East & Africa Revenue by Country (2017-2029)
11.3.3 Turkey Market Size and Forecast (2017-2029)
11.3.4 Egypt Market Size and Forecast (2017-2029)
11.3.5 Saudi Arabia Market Size and Forecast (2017-2029)
11.3.6 South Africa Market Size and Forecast (2017-2029)
12 Sales Channel, Distributors, Traders and Dealers
12.1 Sales Channel
12.1.1 Direct Marketing
12.1.2 Indirect Marketing
12.2 Typical Distributors
12.3 Typical Customers
13 Research Findings and Conclusion
14.2 Research Process and Data Source
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analysing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.