Market Insights Consumer Beauty & Personal Care Personal Care

Hair Care - Hong Kong

Hong Kong

In Hong Kong, the Hair Care market is projected to generate a revenue of US$0.35bn in 2024.
It is anticipated that the market will experience an annual growth rate of 2.19% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads the pack with a staggering revenue of US$13,600m in 2024.
In terms of per capita income, each person in Hong Kong is estimated to contribute US$47.19 to the Hair Care market in 2024.
The demand for organic hair care products in Hong Kong has been steadily increasing due to growing awareness of the harmful effects of chemicals on hair and scalp health.

Key regions: Indonesia, United Kingdom, India, United Arab Emirates, United States

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Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.