- Research and Markets ( http://ift.tt/1dJIsww) has announced the addition of the 'Global Hair Care Market 2012-2016' report to their offering.
The analysts forecast the Global Hair Care market to grow at a CAGR of 6.6 percent over the period 2012-2016. One of the key factors contributing to this market growth is increasing hair and scalp problems. The Global Hair Care market has also been witnessing the emergence of online retail for hair care products. However, the intense competition among vendors could pose a challenge to the growth of this market.
The key vendors dominating this space are Procter and Gamble Co., L'Oreal SA, and Unilever Group.
The other vendors mentioned in the report are Beiersdorf AG, Estee Lauder Companies Inc., Johnson and Johnson, Avon Products Inc., Shiseido Co., John Paul Mitchell Systems, Revlon Inc., and Neutrogena Corp.
Commenting on the report, an analyst from the Healthcare team said: 'One of the key trends currently being witnessed in the Global Hair Care market is the emergence of online retail stores. Globally, online retail stores are gaining popularity as they offer the convenience of shopping at the click of a mouse and without time or location constraints. They also enhance interactivity between buyers and sellers. Moreover, sellers can communicate considerable information about their products to their customers through this channel, while simultaneously achieving cost efficiency and ease of distribution. Further, consumers enjoy the convenience of having their orders shipped directly to their doorsteps. As a result of these numerous advantages, online shopping is expected to pick up pace in the future, supported to a large extent by the growing number of technology and e-commerce applications. Thus, the emergence of online retail stores is expected to have a positive impact on the market during the forecast period.'
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