Perms and Relaxants Market Size (2024 - 2029)

The perms and relaxants market is experiencing growth driven by factors such as increased hairstyling preferences, changing lifestyles, and urbanization. Despite the initial negative impact of the COVID-19 pandemic on sales due to salon closures, there was a shift towards home grooming, which boosted market size. The demand is further fueled by the influence of celebrities and rising consumer income levels. Market players are actively engaging in research and development to innovate and expand their product offerings, although a preference for natural hair treatments among some demographics has posed challenges to market expansion.

Market Size of Perms and Relaxants Industry

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Perms and Relaxants market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.27 %
Fastest Growing Market Asia-Pacific
Largest Market Middle East and Africa
Market Concentration High

Major Players

Perms and Relaxants Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Perms and Relaxants Market Analysis

The perms and relaxants market is expected to register a CAGR of 4.27% during the forecast period (2022-2027).

The COVID-19 pandemic negatively impacted the hair relaxers and perms industry. Due to strict lockdowns and stringent government norms for safety, parlors and salons were shut down for a long period of time, impacting the sales of relaxers and perms. On the contrary, the market saw a rise in sales during the pandemic due to the growing preference for personal grooming at home.

Increased preference for hairstyling, changing lifestyles, urbanization, and marketing and promotional activities are the primary factors fueling the growth of perms and relaxants. The increasing preference of women toward naturally styling their hair has boosted the demand for perms and relaxants. Additionally, the major influence of celebrities and the rising income levels of consumers have escalated the demand further.

The major players in the market are also focused on developing new products that suit consumers' changing preferences. The constant R&D has led to product innovation and market expansion. On the other hand, many African American women preferred natural hair treatments, which reduced their spending on relaxants. This factor primarily affected the market's growth negatively.

Perms and Relaxants Industry Segmentation

Perms and relaxants are haircare products used by consumers to style their natural hair. Perm is generally used to enhance the curls, while relaxants are used to straighten curly hairs or loosen the natural hair. The perms and relaxants market is segmented by product type, distribution channel, and geography. For each segment, the market sizing and forecast have been done based on value (in USD million).

By Product Type
Perms
Relaxants
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialist Retailers
Online Stores
Other Distribution Channels
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa
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Perms and Relaxants Market Size Summary

The perms and relaxants market is experiencing a steady growth trajectory, driven by factors such as increased consumer interest in hairstyling, urbanization, and targeted marketing efforts. The market's expansion is further fueled by the rising preference among women for natural hair styling, influenced by celebrity endorsements and higher disposable incomes. Despite the initial setbacks caused by the COVID-19 pandemic, which temporarily disrupted salon operations, the market saw a surge in home grooming products. This shift prompted major industry players to innovate and develop new products that cater to evolving consumer preferences. However, the market also faces challenges, particularly with the growing inclination among African American women towards natural hair treatments, which has impacted spending on relaxants.

The Middle-East and Africa region holds a significant share of the perms and relaxants market, with a strong demand for both relaxants and perming products. This demand is driven by women's desire for diverse hairstyling options and the influence of social media and celebrity endorsements, particularly in countries like Saudi Arabia. The competitive landscape of the market is characterized by the presence of major players such as L'Oréal SA, Henkel AG & Co KGaA, and Amka Products Pty Ltd, who leverage product innovation and quality to maintain their market positions. These companies are also expanding their global presence and catering to new customer segments through strategic partnerships and research initiatives.

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Perms and Relaxants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Perms

      2. 2.1.2 Relaxants

    2. 2.2 By Distribution Channel

      1. 2.2.1 Supermarkets/Hypermarkets

      2. 2.2.2 Convenience Stores

      3. 2.2.3 Specialist Retailers

      4. 2.2.4 Online Stores

      5. 2.2.5 Other Distribution Channels

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

        4. 2.3.1.4 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Spain

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 Germany

        4. 2.3.2.4 France

        5. 2.3.2.5 Italy

        6. 2.3.2.6 Russia

        7. 2.3.2.7 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 South Africa

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 Rest of Middle-East and Africa

Perms and Relaxants Market Size FAQs

The Perms and Relaxants Market is projected to register a CAGR of 4.27% during the forecast period (2024-2029)

 L`Oreal S.A., Henkel AG & Co KGaA, Makarizo International, Jotoco Corp. and Amka Products Pyt Ltd. are the major companies operating in the Perms and Relaxants Market.

Perms and Relaxants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)