Positive socio-economic factors and younger demographic set to propel the Myanmar Professional hair care Products Market

2024-10-31 09:56:20 Lifestyle

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Professional hair care products study scope covers products used for back bar services and retail sales as well. Back-bar products are used for services in the salon while retail sales include over-the-Counter or take-home products and sales made through retail formats such as speciality stores, pharmacy stores, online stores and others.The professional hair care product market has been segmented based on the product categories such as coloring, perming & straightening, shampoo & conditioners and styling. Professional hair care product market in Myanmar is estimated to reach $11.4 million by 2020.

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Myanmar urban population accounts for 32% of total population and poised to increase at a rate of 2.5% by next 5 years. Increasing disposable income and awareness is resulting in demand for quality personal grooming and beauty services and related products in urban regions. The increasing disposable income in the younger demographic will propel the market for professional hair products. Awareness on the benefits of using professional products in hair salons is still nascent in the market. Manufacturers need to train the salon operators on the proper usage of professional hair products such efforts will act as a major driver for the market in coming years.

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Coloring products hold the largest share in professional hair care product market in Myanmar followed by Shampoo, conditioner and treatment products. Professional Shampoos, Conditioners and Treatment products market is estimated to grow at the highest CAGR. Unfavorable climatic conditions drive demand for hair washes and shampoo services

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Eushido&Insin a domestic player is the market leader in professional hair care brands is followed by Revlon Professional. Eushido&Insin is well entrenched in the market with its wide distribution network and wide product portfolio of shampoo and conditioners. L?Oreal Group, Lolane of S.C. Artistry and Wella professional are some of the other major players in the market.

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Cambodia Professional Hair Care Market by Categories (Coloring, Perming & Straightening, Shampoo & Conditioning & Styling); Sales Channel (Back Bar and Take Home) & by Company (2015 - 2020)

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Vietnam Professional Hair Care Market by Categories (Coloring, Perming & Straightening, Shampoo & Conditioning & Styling); Sales Channel (Back Bar and Take Home) & by Company (2015 - 2020)

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