Jul 23, 2021 (The Expresswire) -- Global " Perms and Relaxants Market " (2021-2023) examines the effect of different Factors affecting the market development and drivers, further reveals insight into market outline, key producers, key received by them, size, most recent patterns and types, income, net edge with provincial investigation and conjecture. This report likewise contemplates the worldwide Perms and Relaxants market status, rivalry scene, market share, development rate, future patterns, market drivers, openings and difficulties, deals channels and wholesalers. Territorially, this report orders the creation, clear utilization, fare and import of Perms and Relaxants in North America, Europe, China, Japan, Southeast Asia and India.
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List of TOP KEY PLAYERS in Perms and Relaxants Market Report are -
● Unilever Plc ● Procter and Gamb. Co. ● L`Oreal S.A. ● Jotoco Corporation ● Makarizo International ● Henkel AG and Co KGaA
"Final Report will add the analysis of the impact of COVID-19 on the In Memory Computing industry."
COVID-19 Impact on Market:
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of positive cases and reported deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the global manufacturing hub, with the presence of and the largest raw material suppliers. The overall market break down due to COVID-19 is also affecting the growth of the bacon market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
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The Asia-Pacific Perms and Relaxants market is expected to reach USD 205 million by 2023, witnessing a healthy CAGR during the forecast period. China dominates the Perms and Relaxants sale in Asia-Pacific. Japan is one of the significantÂmarkets for perms and relaxersÂowing to increase consumer spending on beauty products. About 14.3 million units of Perms and Relaxants consumed in 2017, which is growing at a stable rate. Increased preference for hair styling, changing lifestyle and urbanization and marketing and promotional activities are various factors fueled theÂPerms and Relaxants market growth.
Hair Relaxants Dominates Sales
Relaxants dominate the market due to an increased preference among women for hair straightening. The Asia-PacificÂrelaxants market volumeÂis moving at a stable growth rate during the forecast period.Â However, the value sales are expected to remain positive during the period. TheÂnatural hair trendÂin South Korea has fueled theÂdemand for hair styling productsÂsuch as moisturizers, lotions, curling creams, etc. which results in decliningÂsales of relaxants and perms.
Chinese Dominates SaleÂ
China occupies a significant share ofÂin the market driven by increased demand for a hairstyle which is followed by Japan. India recently received market attraction for hair perms and relaxers which is growing at a faster rate of 14.5%. IncreasedÂdemand for hair straighteningÂhas fueled theÂhair relaxer demandÂin India. Indonesia, Thailand, and Vietnam are another key growthÂmarket for perms and relaxers. Markets such as South Korea and JapanÂrecorded a slow growth rate. Improving retail infrastructure and rising economy are the key factor driving market growth in Asia.
The Asia-Pacific Perms and Relaxants market is highly competitive with many international and regional brands competing for market share. Companies are focusing on emerging markets of Asia-Pacific apart from Korea and Japan to tap the market opportunity. New product innovation and marketing are the main strategies adopted by players.
Major players include - UNILEVER PLC., PROCTER and Gamb. CO., L`OREAL S.A., JOTOCO CORP, MAKARIZO INTERNATIONAL, HENKEL AG and CO KGAA amongst others.
Global Perms and Relaxants Market Segmentation by Types, By Applications and by Region:
Global Perms and Relaxants market is analyses and market size information is provided by regions (countries). Segment by Application, the Perms and Relaxants market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report includes region-wise market size for the period 2021-2023. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2021-2023.
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