Market Insights Consumer Beauty & Personal Care Personal Care

Hair Care - Canada

Canada

In Canada, the Hair Care market is projected to generate a revenue of US$1.34bn in 2024.
According to the forecast, the market is expected to grow at an annual rate of 1.31% (CAGR 2024-2029).
When compared globally, in the United States leads the market with a revenue of US$13,600m in 2024.
Taking into account the total population, each person in Canada is estimated to contribute US$34.14 in revenue in 2024.
The demand for natural and organic hair care products in Canada has been steadily increasing, reflecting the country's emphasis on sustainability and eco-friendly practices.

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.