The Report “Myanmar Professional Hair Care Market by Categories (Coloring, Perming & Straightening, Shampoo & Conditioning & Styling); Sales Channel (Back Bar and Take Home) & by Company (2015 – 2020)” according to a recent study from IndustryARC; Professional Hair Care is the product market of Myanmar is estimated to grow at a CAGR of 9.1% & to reach $114 Million by 2020.
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Professional hair care products are used by professionals/stylists for various hair services in the salon. These products are sold over the salon counter and also through retail stores such as specialty beauty stores, pharmacy stores, online and others. Global professional hair care product market is segmented on the basis of services provided in salons such as coloring, shampoo & conditioners, perming & straightening and styling.
Increasing foreign investments due to various macroeconomic reforms taken by the government in past years will propel the Myanmar’s GDP per capita to grow at a CAGR of 9% through 2015-2020 and reach $2340 by 2020. Myanmar’s population is predominantly young, age group 24-35 years comprise of close to 20% of the country’s population. Many hair salons are coming up in cities such as Yangon and Mandalay to cater to the urban population employed in service sector, these establishments will increase the market of professional hair products. Favorable demographics and economic prospects of the country will drive the market in coming years.
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Coloring product category has the largest share in the Myanmar’s professional hair product market. Shampoo, Conditioner and Treatment products as a products category is poised to witness the highest growth among all the products segments in Myanmar. Hair wash and conditioning is the second most preferred service in Myanmar, due the unfavorable climatic conditions which make the hair dry and tangled.
Following are the top 5 players/companies offering professional hair care products in Myanmar:
- Eushido & Insin
- Revlon, Inc.
- L’Oreal Group
- S.C. Artistry Co. Ltd.
- Procter & Gamble Co.
Eushiod & Insin a domestic manufacturer dominates the professional hair care product market in Myanmar.
The professional line has straightening agents, coloring products, perming lotions and a wide range of specialty shampoos and conditioners such an assorted product range has helped it gain highest market share in Myanmar. Revlon, Inc., L’Oreal Group, S.C. Artistry Co. Ltd. And Procter & Gamble Co. are some of the other major brands in the market.
Thailand based brands such as Lolane (S.C. Artistry), Berina professional and Thai Meko have considerable market share in Myanmar Professional Hair products market. International cosmetic players such as Cab’s Professional, Revlon Professional and L’Oreal Group have collaborated with salon chain owners to expand their presence in the market. The Salon chain owners act as distributor for these companies.
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Browse Related Reports:
- Cambodia Professional Hair Care Market – by Categories (Coloring, Perming & Straightening, Shampoo & Conditioning & Styling); Sales Channel (Back Bar and Take Home) & by Company (2015 – 2020)
- Vietnam Professional Hair Care Market – by Categories (Coloring, Perming & Straightening, Shampoo & Conditioning & Styling); Sales Channel (Back Bar and Take Home) & by Company (2015 – 2020)
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