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: ETC003578 | 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 | |
Sri Lanka Hair Care market currently, in 2023, has witnessed an HHI of 3046, Which has decreased slightly as compared to the HHI of 3522 in 2017. The market is moving towards concentrated. 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 | Sri Lanka Hair Care Marketย |
Forecast period | 2025-2031 |
CAGR | 4.5% |
Growing Sector | Beauty Salon |
The Sri Lanka Hair Care Market report thoroughly covers the market by Type, Product Type, and Distribution Channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Sri Lanka Hair Care Market has anticipated growth over the past years. It is expected that the market will grow steadily in the coming years. Factors such as the growing working population, changing lifestyles, availability of products, government initiatives, and increasing awareness about the importance of hair are contributing to the growth of the market.
According to 6Wresearch, the Sri Lanka Hair Care Market size is expected to grow at a significant CAGR of 4.5% during 2025-2031. One of the major drivers is the growing population of working women who are becoming more conscious about their appearance and are willing to spend on quality hair care products. Additionally, the rise of social media and the influence of celebrities have also played a significant role in boosting sales in the hair care market. Moreover, the availability of a wide range of affordable hair care products is another factor contributing to the growth of this market. The emergence of local brands offering natural and organic products has attracted consumers looking for healthier alternatives to traditional chemical-based products.
One major challenge is the presence of counterfeit or fake products in the market. Another challenge is the lack of regulation and standards in the hair care industry. Furthermore, the high cost of production and distribution in Sri Lanka makes it challenging for local brands to compete with international players who have established networks and economies of scale
The Sri Lankan hair care market is highly competitive with both international and local brands vying for a larger share. Some of the key players operating in the market include Unilever Sri Lanka, Procter & Gamble Sri Lanka, Hemas Holdings PLC, Ceylon Biscuits Limited (CBL), and Lever Brothers Lanka Ltd. These companies offer a wide range of products catering to different hair types and concerns, such as anti-dandruff shampoos, hair oils, conditioners, and styling products. They also invest heavily in marketing and advertising their products to capture consumer attention and loyalty.
One initiative is the establishment of the National Institute of Traditional Medicine (NITM), which focuses on promoting traditional Ayurvedic medicine, including hair care products. Moreover, the government has also provided various tax incentives and subsidies to encourage investment in the hair care sector. The Ministry of Industry and Commerce, along with the Sri Lanka Export Development Board, has launched multiple programs to support small and medium enterprises in the hair care industry. Furthermore, the government has taken steps to address issues related to counterfeit products by enforcing strict laws and penalties against those involved in their production and distribution.
The Sri Lanka Hair Care Market is expected to grow at a rapid pace in the coming years due to factors such as increasing disposable income, changing consumer preferences towards natural and organic products, and the launch of innovative hair care solutions. With a growing trend towards self-grooming and personal care, there is a rising demand for professional hair care services in the country. Furthermore, the rise of e-commerce platforms has made it easier for consumers to access a variety of hair care products from both local and international brands. This will further boost the market growth as it provides more options and convenience for consumers to purchase their desired products.
According to Ravi Bhandari, Research Head, 6Wresearch, the services segment is witnessing rapid growth in Sri Lanka. This can be attributed to the increasing popularity of salon services among consumers, rising disposable incomes and changing lifestyles.
In terms of product type, the shampoo segment dominates the market due to growing awareness among consumers about the importance of maintaining a healthy and clean scalp and hair.
The report provides a detailed analysis of the following market segments:
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. Sri Lanka Hair Care Market Overview |
3.1. Sri Lanka Country Macro Economic Indicators |
3.2. Sri Lanka Hair Care Market Revenues & Volume, 2021 & 2031F |
3.3. Sri Lanka Hair Care Market - Industry Life Cycle |
3.4. Sri Lanka Hair Care Market - Porter's Five Forces |
3.5. Sri Lanka Hair Care Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6. Sri Lanka Hair Care Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7. Sri Lanka Hair Care Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4. Sri Lanka Hair Care Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Sri Lanka Hair Care Market Trends |
6. Sri Lanka Hair Care Market, By Types |
6.1. Sri Lanka Hair Care Market, By Type |
6.1.1 Overview and Analysis |
6.1.2. Sri Lanka Hair Care Market Revenues & Volume, By Type, 2021-2031F |
6.1.3. Sri Lanka Hair Care Market Revenues & Volume, By Product, 2021-2031F |
6.1.4. Sri Lanka Hair Care Market Revenues & Volume, By Services, 2021-2031F |
6.2. Sri Lanka Hair Care Market, By Product Type |
6.2.1. Overview and Analysis |
6.2.2. Sri Lanka Hair Care Market Revenues & Volume, By Shampoo, 2021-2031F |
6.2.3. Sri Lanka Hair Care Market Revenues & Volume, By Hair Colour, 2021-2031F |
6.2.4. Sri Lanka Hair Care Market Revenues & Volume, By Conditioner, 2021-2031F |
6.2.5. Sri Lanka Hair Care Market Revenues & Volume, By Hair Styling Product, 2021-2031F |
6.2.6. Sri Lanka Hair Care Market Revenues & Volume, By Hair Oil, 2021-2031F |
6.2.7. Sri Lanka Hair Care Market Revenues & Volume, By Hair Spray, 2021-2031F |
6.2.8. Sri Lanka Hair Care Market Revenues & Volume, By Others, 2021-2031F |
6.2.9. Sri Lanka Hair Care Market Revenues & Volume, By Others, 2021-2031F |
6.3. Sri Lanka Hair Care Market, By Distribution Channel |
6.3.1. Overview and Analysis |
6.3.2. Sri Lanka Hair Care Market Revenues & Volume, By Online Stores, 2021-2031F |
6.3.3 Sri Lanka Hair Care Market Revenues & Volume, By Hypermarkets, 2021-2031F |
6.3.4. Sri Lanka Hair Care Market Revenues & Volume, By Direct Selling, 2021-2031F |
7. Sri Lanka Hair Care Market Import-Export Trade Statistics |
7.1. Sri Lanka Hair Care Market Export to Major Countries |
7.2. Sri Lanka Hair Care Market Imports from Major Countries |
8. Sri Lanka Hair Care Market Key Performance Indicators |
9. Sri Lanka Hair Care Market - Opportunity Assessment |
9.1. Sri Lanka Hair Care Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2. Sri Lanka Hair Care Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3. Sri Lanka Hair Care Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10. Sri Lanka Hair Care Market - Competitive Landscape |
10.1. Sri Lanka Hair Care Market Revenue Share, By Companies, 2024 |
10.2. Sri Lanka Hair Care Market Competitive Benchmarking, By Operating and Technical Parameters |
11. Company Profiles |
12. Recommendations |
13. Disclaimer |