Market Forecast By Type (Product, Services), By Product Type (Shampoo, Hair Color, Conditioner, Hair Styling Product, Hair Oil, Hair Spray, Hair Gel, Others), By Distribution Channel (Online Stores, Hypermarkets, Direct Selling) and Competitive landscape
Product Code: ETC003499 | Publication Date: Aug 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Brazil Hair Care market currently, in 2023, has witnessed an HHI of 1144, Which has decreased slightly as compared to the HHI of 2315 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Brazil Hair Care Market |
Forecast period | 2025-2031 |
CAGR | 8.2% |
Growing Sector | Personal care and beauty |
The Brazil Hair Care Market report extensively covers the market by product, services, product type, and distribution channel. This report provides an impartial and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers that would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The Brazil Hair Care Market is projected to witness significant growth in the forecast period. The increasing demand for personal care and beauty products in the country are driving the market growth.
According to 6Wresearch, the Brazil Hair Care Market is estimated to grow at a CAGR of 8.2% during the forecast period 2025-2031. The demand for hair care products is driven by the rising disposable income, increasing urbanization, and changing consumer preferences towards natural and organic products. Moreover, the presence of a large young population in Brazil is also propelling the demand for hair care products as they are more conscious about their appearance and willing to experiment with different styling options. Furthermore, the rise of e-commerce platforms and digital marketing has made it easier for consumers to access a wide range of hair care products, resulting in increased sales and market growth. Additionally, the growing number of beauty salons in Brazil is also fueling the demand for hair care products, as these platforms offer various hair treatment and styling services.This factor is also contributing to the growth of the hair care market in Brazil.
Despite the growth in the market, certain challenges can hinder the market growth. The primary challenge is the presence of counterfeit and low-quality products in the market. These products often claim to be natural or organic but contain harmful chemicals that can damage hair and scalp health. This has led to a lack of trust among consumers and could potentially affect their purchasing decisions. In addition, strict regulations on ingredients used in hair care products by regulatory bodies may also impact market growth as companies need to comply with these regulations before launching new products.
Key players in the Brazil Hair Care market include companies like L'Oréal S.A., Procter & Gamble Co., Unilever PLC, Henkel AG & Co. KGaA, and Kao Corporation. These companies are focusing on Research and Development activities to bring innovative and efficient products and expand their market reach. Currently, L'Oréal holds the largest share in the market.
The Brazil Hair Care Market is subject to various government regulations and standards to ensure the safety and quality of hair care products. The Brazilian Health Regulatory Agency (ANVISA) is responsible for regulating cosmetics, including hair care products, in Brazil. These regulations include strict guidelines on product labelling, use of safe ingredients, and registration of new products before they can be launched in the market. In addition to these regulations, the Brazilian government also imposes taxes on imported hair care products, making it challenging for international brands to compete with local players.
The Brazil Hair Care Market is expected to continue its growth trend during the forecast period, driven by factors such as increasing disposable income, changing lifestyle trends, and growing awareness about personal grooming and hygiene. Additionally, the rising demand for natural and organic hair care products is also expected to drive market expansion as consumers become more health-conscious. The trend towards social media influencing and online shopping is also expected to contribute to market growth, as these platforms allow companies to reach a wider consumer base and promote their products effectively. Moreover, with the rise of e-commerce platforms and digital marketing techniques, international brands are now able to enter the Brazilian market more easily than before.
According to Dhaval, Research Manager, 6Wresearch, The product segment holds the dominant share in the Brazil Hair Care Market. This is due to the high demand for hair care products such as shampoos, conditioners, and styling products among consumers.
Hair colours hold a dominant share in the market due to their increasing use by individuals to cover up grey hair and to enhance their appearance.
The online stores segment is expected to hold the dominant share due to the convenience and variety of products they offer.
Table of Contents |
1. Executive Summary |
2. Introduction |
2.1. Key Highlights of the Report |
2.2. Report Description |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Brazil Hair Care Market Overview |
3.1. Brazil Country Macro Economic Indicators |
3.2. Brazil Hair Care Market Revenues & Volume, 2021 & 2031F |
3.3. Brazil Hair Care Market - Industry Life Cycle |
3.4. Brazil Hair Care Market - Porter's Five Forces |
3.5. Brazil Hair Care Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6. Brazil Hair Care Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7. Brazil Hair Care Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4. Brazil Hair Care Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Brazil Hair Care Market Trends |
6. Brazil Hair Care Market, By Types |
6.1. Brazil Hair Care Market, By Type |
6.1.1 Overview and Analysis |
6.2.2. Brazil Hair Care Market Revenues & Volume, By Type, 2021-2031F |
6.2.3. Brazil Hair Care Market Revenues & Volume, By Product, 2021-2031F |
6.2.4. Brazil Hair Care Market Revenues & Volume, By Services, 2021-2031F |
6.2. Brazil Hair Care Market, By Product Type |
6.2.1. Overview and Analysis |
6.2.2. Brazil Hair Care Market Revenues & Volume, By Shampoo, 2021-2031F |
6.2.3. Brazil Hair Care Market Revenues & Volume, By Hair Colour, 2021-2031F |
6.2.4. Brazil Hair Care Market Revenues & Volume, By Conditioner, 2021-2031F |
6.2.5. Brazil Hair Care Market Revenues & Volume, By Hair Styling Product, 2021-2031F |
6.2.6. Brazil Hair Care Market Revenues & Volume, By Hair Oil, 2021-2031F |
6.2.7. Brazil Hair Care Market Revenues & Volume, By Hair Spray, 2021-2031F |
6.2.8. Brazil Hair Care Market Revenues & Volume, By Others, 2021-2031F |
6.2.9. Brazil Hair Care Market Revenues & Volume, By Others, 2021-2031F |
6.3. Brazil Hair Care Market, By Distribution Channel |
6.3.1. Overview and Analysis |
6.3.2. Brazil Hair Care Market Revenues & Volume, By Online Stores, 2021-2031F |
6.3.3 Brazil Hair Care Market Revenues & Volume, By Hypermarkets, 2021-2031F |
6.3.4. Brazil Hair Care Market Revenues & Volume, By Direct Selling, 2021-2031F |
7. Brazil Hair Care Market Import-Export Trade Statistics |
7.1. Brazil Hair Care Market Export to Major Countries |
7.2. Brazil Hair Care Market Imports from Major Countries |
8. Brazil Hair Care Market Key Performance Indicators |
9. Brazil Hair Care Market - Opportunity Assessment |
9.1. Brazil Hair Care Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2. Brazil Hair Care Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3. Brazil Hair Care Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10. Brazil Hair Care Market - Competitive Landscape |
10.1. Brazil Hair Care Market Revenue Share, By Companies, 2024 |
10.2. Brazil Hair Care Market Competitive Benchmarking, By Operating and Technical Parameters |
11. Company Profiles |
12. Recommendations |
13. Disclaimer |