Hair care is expected to see growth in both value and volume terms in Nigeria over the forecast period. Improvement in the economy, particularly with greater stability in unit prices, is expected to drive demand for hair care.
The largest category of hair care, perms and relaxants, has reached a fairly high level of maturity, having achieved widespread penetration, which will dampen growth over the forecast period. Rising interest in wigs, weave-ons, natural hair, and hair extensions is also limiting demand for these products.
Increasing demand for added-value products that offer a variety of benefits, such as anti-breakage, hair growth, and hair repair, is expected to influence product innovation in hair care in the forecast period. In particular, with rising awareness of the benefits of natural products, companies are expected to continue focusing on products that have a greater degree of such ingredients, such as shea butter, coconut oil, and olive oil.
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Understand the latest market trends and future growth opportunities for the Hair Care industry in Nigeria with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Hair Care industry in Nigeria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Hair Care
This report originates from Passport, our Hair Care research and analysis database.
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