The Asia-Pacific hair care market is anticipated to grow significantly at a CAGR of 6.8% over the forecast period (2021-2027). China, India, Japan, ASEAN, South Korea, and the Rest of Asia-Pacific are the key economies contributing to the growth of the Asia-Pacific hair care market over the forecast period. The key aspect that drives the Asia-Pacific hair care market growth is the rising incidences and prevalence of hair loss problem in the region. According to the China Association of Health Promotion and Education (CAHEP), baldness is becoming more common in China. For instance, in 2020, as per the survey report of CAHEP, approximately 250 million people are suffering from hair loss in the country.
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In addition, men aged between 20 to 40 years are major group with the problem. According to the National Health Organization, around 73% of the total population in Asia-Pacific has reported the issue of hair loss and some diagnosed with Androgenetic alopecia (AGA) which is a pattern loss. The major factors attributed in the increasing hair loss issues include societal changes, several neurological factors like stress, insomnia, and irregular life patterns, among others.
Further, a significant emergence in hair treatments in countries such as India will propel the market growth in the region. Even the COVID-19 pandemic has not damped the demand for the latest hair regrowth treatment solutions in the region. Furthermore, various countries in the Asia-Pacific are inclined towards developing technological advanced hair re-growth devices catering to reduce hair loss issue in the region. For instance, in June 2019, Venus treatment launched ARTAS, a robotic hair restoration device. The device is technologically advanced which used artificial technology (AI) to deliver precise and natural looking results without leaving a linear scar on the scalp. This hair transplant system starts by using 3D technology to assist, plan, and customize personalized hair design.
Additionally, various nature-based therapies have been developed to deal with hair loss, such as Stem Cell Therapy which offers benefits such as reduction of scalp inflammations, non invasive, increase in hair density, and long lasting results. Furthermore, India, China, and Japan markets are also likely to witness substantial growth in the near future.
Market Coverage
o By Product Type
o By Distribution Channel
o Asia-Pacific
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Asia-Pacific Hair Care Market – Segmentation
By Product Type
By Distribution Channel
o Supermarket/Hypermarket
o Convenience Stores
o Specialty Stores
o Pharmacies/ Drug Stores
Asia-Pacific Hair Care Market – Countries Covered
Asia-Pacific
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