Russia Salon Hair Care Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.47 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Russia Salon Hair Care Market Analysis
The Russian salon hair care market is projected to register a CAGR of 5.47% over the next five years.
- The increasing consumer consciousness of personal wellness and appearance and the increased expenditure on personal grooming, supported by the number of salons, is expected to boost the demand for hair care during the study period.
- Due to the rising demand for hair styling and personal care services, Russian salons are gaining high traction as they offer customer touch points. These salons utilize branded products to cater to their services, further promoting the brand and propelling the market growth. On the other hand, customers prefer consulting with salon professionals regarding what product to use and buying those professional hair care products, including hair colorants, owing to the reliability factor, boosting the market growth gradually.
- However, the potential health risks due to the toxic chemicals in hair care products hamper the market growth. To tackle the issue, salons and hair care products manufacturing companies are coming up with better solutions, like using natural ingredients and refraining from using ammonia or paraben.
- For example, Estel offers a range of hair colorants in the country, with different variants like non-ammonia hair color and hair dyes with natural ingredients. The company claims that Princess Essex's hair coloring range consists of guarana seed extract, beeswax, and keratin complex, owing to the increasing focus of consumers on ingredients. Thus, factors such as ensuring consumer safety and providing services/products with natural ingredients further boost the market in this region.
Russia Salon Hair Care Market Trends
Increased Spending on Hair Care Due to Raised Concerns about Hair-related Issues Drive the Market.
- Russia witnessed significant growth in the female employment rate in the recent past. This resulted in an increasing need for beauty solutions, as this population is more concerned with personal care and inclination toward beauty care products. There's a rise in demand for specialized products due to deep concerns about hair-related issues. Hair textures and hair and scalp-related problems vary from person to person. Some people might have damaged or dry hair, while others have to deal with breakage and hair fall problems.
- Increased hair loss due to changing lifestyles and environmental exposure have primarily driven the hair care products market growth in Russia. The rise in the aging population, coupled with a surge in hair fall problems, will likely contribute to the development of the hair care market in the forecast period.
- Moreover, the growing inclination of the consumer to use hair loss treatment products instead of hair loss treatment solutions due to the high cost involved in lesser therapy and hair transplant surgery is supporting the sales of hair loss treatment products, such as shampoos and conditioners. Therefore, companies invest in research and development (R&D) to innovate products addressing consumer hair care issues/ problems.
- For instance, in May 2021, the Italian brand Nashi Argan launched a line of hair products in Russia. The collection included seven products: smoothing cream, beachy hair lotion, curl-enhancing moisturizer, shimmer and shine lotion, strong hold hairspray, natural hold hairspray, and voluminous mousse. Furthermore, according to L'Or茅al Russia, 54% of its CPD products sold in Russia Hub are produced in Russia. CPD (Continuing Professional Development) is an ongoing training structure to support hair and beauty salon staff.
- In addition, according to UN Comtrade, in 2021, the Russian Federation imported shampoos of import value USD 201,407 thousand, while the significant exporting countries include Romania, France, Italy, Belarus, and Korea. Also, Russia is among the top five importers of Shampoos products among other countries worldwide. The high import value indicates the region's demand and needs for hair care products. Hence, all the mentioned factors are major driving factors for the Russian Salon Haircare market.
Hair Color Segment Dominates the Russian Market
- Hair color is the highest growing segment in the market, driven by the younger generation's interest in experimenting with their hair, like applying different colors, and the older generation's interest in coloring graying hair. According to the World Bank statistics, in 2021, the majority of the Russian population ranges from 15 to 64 years, contributing 66.69% of the population. Therefore, the application of hair color is expected to increase.
- Salons provide more professional and precise service, or application, of these hair colors on hair, thus driving more customer satisfaction from salons. Therefore, the younger generation of Russia may mainly increase its footfall in salons, as they may get customized and high-quality services from professionals. These professionals have experience in dealing with complicated customer demands, and they make their customers aware of the latest trends in the hair color market in Russia.
- Furthermore, as the standard type of hair of Russians is blonde, there is a demand for artificial colorants to cover the original color of their hair. This, in turn, drives the need for hair bleachers, which help in holding the light-color pigments.
- The Internet and social media, in particular, can potentially increase hair color product sales, given the impact and recommendations of influencers. Leading hair care companies like L'Or茅al, Unilever, and Procter & Gamble use social media platforms like Instagram and YouTube to launch new products and engage consumers through tutorials and marketing initiatives. Thus, brands heavily invest in advertising and marketing promotions to attract a broader consumer base.
- For instance, around EUR 10.59 billion (USD 12.40 billion) was spent on advertising and promotion by L'Or茅al in 2021, up from EUR 8.65 billion (USD 9.55 billion) in 2020. Similarly, Unilever invested EUR 6.84 billion (USD 7.56 billion) in brand marketing in 2021. Therefore, Russian consumers are driven by social media trends and other technical advancements, which have led to the evolution of the concept of advanced grooming and beauty for both males and females.
- Therefore, the Russian population, particularly the younger population, is looking for customized, consumer-centric services for their hair, so they follow the latest trend in the hair fashion industry. These salons guide them to keep their hair nourished regularly. Hence, all the above factors boost the hair color market segments and the Salon Hair Care Market in this region.
Russia Salon Hair Care Industry Overview
The Russian salon hair care market is fragmented, with major players like Shiseido Company Limited, Procter & Gamble, and The Est茅e Lauder Companies Inc. These players have been active in the market by launching various products. Owing to the diversified product portfolio, which includes coloring, hair styling, and hair care products, the market players, like L'Oreal, Unilever, and Henkel AG & Co KGaA, hold the maximum market share in the market studied. L'Oreal has a strong presence in the market, with a product range like Mythic Oil, Absolut Repair Lipidium, Platinium, Majirouge, and Infinium Pure Extra Strong, which has made it a famous brand among Russian consumers. Launching new and innovative products has been the crucial strategy for higher market penetration by other key players.
Russia Salon Hair Care Market Leaders
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L'Or茅al SA
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Shiseido Company Limited
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Procter & Gamble
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Unilever
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The Est茅e Lauder Companies Inc.
*Disclaimer: Major Players sorted in no particular order
Russia Salon Hair Care Market News
- December 2022: Nomica, a brand-new collection of hair care products, was launched in Russia. The company marketed its products claiming to contain functional formulae that serve as the basis for products and treat the problems particular to each type of hair while maintaining the product's natural attractiveness.
- May 2021: The Italian company Nashi Argan launched a line of hair care products in Russia. Seven products made up the collection include smoothing cream, beachy hair lotion, curl-enhancing moisturizer, shimmer and shine lotion, strong hold hairspray, natural hold hairspray, and voluminous mousse.
- March 2021: For a range of haircare products, Procter & Gamble introduced new, creative packaging in reusable aluminum bottles. The brands that used the new packaging were Head & Shoulders, Pantene, and Herbal Essences.
Russia Salon Hair Care Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products and Services
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Service
5.1.1 Hair Color
5.1.2 Hair Styling
5.1.3 Hair Care
6. Competitive Landscape
6.1 Strategies Adopted by Leading Players
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Loreal SA
6.3.2 Shiseido Co. Ltd
6.3.3 Procter & Gamble
6.3.4 Unilever
6.3.5 The Este Lauder Companies Inc.
6.3.6 Revlon
6.3.7 Nomica
6.3.8 Henkel AG & Co KGaA
6.3.9 Avon Products Inc.
6.3.10 Landoll Liban (Nashi Argan Brands)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Russia Salon Hair Care Industry Segmentation
The term "hair care" refers to all aspects of hygiene and cosmetology related to the human hair that grows on the head and, to a lesser extent, the body hair on the face, the pubic region, and other parts of the body. This industry comprises salons that primarily offer hair services/products to customers. Salons have expanded their service offerings to encourage consumers to purchase higher-value products and services.
The Russian hair care market is segmented based on services into hair color, hair styling, and hair care.
For each segment, the market sizing and forecasts have been done based on value (in USD million).
| Service | |
| Hair Color | |
| Hair Styling | |
| Hair Care |
Russia Salon Hair Care Market Research FAQs
What is the current Russia Salon Hair Care Market size?
The Russia Salon Hair Care Market is projected to register a CAGR of 5.47% during the forecast period (2024-2029)
Who are the key players in Russia Salon Hair Care Market?
L'Or茅al SA, Shiseido Company Limited, Procter & Gamble, Unilever and The Est茅e Lauder Companies Inc. are the major companies operating in the Russia Salon Hair Care Market.
What years does this Russia Salon Hair Care Market cover?
The report covers the Russia Salon Hair Care Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Russia Salon Hair Care Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Russia Salon Hair Care Industry Report
Statistics for the 2024 Russia Salon Hair Care market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Russia Salon Hair Care analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
