1. Technology

Shampoo Consumption Market Will Record an Upsurge in Revenue during 2021-2026

The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Shampoo Consumption Market is expected to grow from USD 29.5 billion in 2020 to USD 36.8 billion by 2026 at a CAGR of over 3.8% during the forecast period.

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 Segment Analysis

Based on product, the shampoo consumption market has been segmented into therapeutics and cosmetics.

  • The cosmetics segment accented for a higher market share in 2020.
  • The segment growth can be attributed to the increasing usage of shampoo among all age group populations.
  • The therapeutics segment is projected to register healthy CAGR on account of rising hair problems such as dandruff, oily hair, and hair fall among others.

Geographically, the market in Asia-Pacific accounted for the largest market share in 2020 and is expected to continue its dominance over the forecast period owing to expanding populace and growing urbanization in the developing countries particularly China and India.

The market in North America and Europe is expected to be driven by rising demand for high-quality shampoo and rising incidences of hair-related disorders.

COVID-19 Impact on Global Shampoo Consumption Market

Covid-19 outbreak impacted the growth of the shampoo consumption market negatively for a short period of time. The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions, which in turn affected the manufacturing and availability of the product in the market. However, with the reopening of economies, the online sale of shampoo increased and thus, supported the market growth.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

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