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SEARCHThe economy may be slumping, but consumers are still buying hair care products and coming in for services. Check out these charts to boost business in your salon.
The economy may be slumping, but consumers are still buying hair care products and coming in for services. Check out these charts below and share the information with your fellow stylists to boost business in your salon.
5 Year Projection – 2007 - 2012 - Hair Care Category Growth
Category
($’s - millions)
2007 Sales
2012 Sales
% Growth
Avg. Growth
(Per Annum)
Shampoos
398
457
14.8
3.0
Conditioners
287
337
17.4
3.5
Hair Color
644
822
27.6
5.5
Ethnic Products
380
400
5.3
1.1
Perms
180
192
6.7
1.3
Hair Sprays
208
224
7.7
1.5
Hair Styling
215
285
32.6
6.5
Specialty Products
253
346
36.8
7.4
Totals
2565
3063
19.4
3.9
Source: Professional Consultants & Resources (www.ProConsultants.us) – 2007 Professional Salon Industry Study.
2007 Salon Industry Services & Retailing Revenues (At Salon Revenue $’s)
2007 Salon Services & Revenues – Dollars in Billions
Service Type
2006
2007
% Increase
Cutting & Styling
25.85
26.55
2.7
Hair Coloring
12.54
13.20
5.3
Perming & Relaxing
8.64
8.81
2.0
Total of Haircare Services
47.0
48.6
3.3
Nail Care
5.43
5.85
7.7
Retailing
6.15
6.35
3.3
Skin Care
2.16
2.32
7.4
Body Care
0.75
0.81
8.0
All Other*
1.35
1.37
1.5
Total
62.87
65.26
3.8
Notes: * Includes cosmetic make-up, makeovers, permanent eye/lip liners, ear/nose piercing, etc.
Source: Professional Consultants & Resources (www.ProConsultants.us) – 2007 Professional Salon Industry Study.
Total U.S. retail sales of haircare products formulated for black hair, at current and constant prices, 2001-06
Year | Sales at current prices | Sales at constant 2006 prices* | ||||
$million | Index | % change | $million | Index | % change | |
2001 | 1,605 | 100 | - | 1,814 | 100 | - |
2002 | 1,662 | 104 | 3.6 | 1,849 | 102 | 1.9 |
2003 | 1,684 | 105 | 1.3 | 1,832 | 101 | -0.9 |
2004 | 1,734 | 108 | 3.0 | 1,838 | 101 | 0.3 |
2005 | 1,780 | 111 | 2.7 | 1,825 | 101 | -0.7 |
2006 | 1,821 | 113 | 2.3 | 1,821 | 100 | -0.2 |
*Adjusted for inflation using the All Items CPI
Source: Mintel/based on Information Resources, Inc. InfoScan ® Reviews Information
Market Sizes - Retail Value RSP - US$ mn | Period Growth | Forecast | |||||
2002 | 2007 | 2002-07 % | 2002-07 CAGR % | 2002-07 Absolute | 2012 | ||
USA | |||||||
Perms and relaxants | 205.9 | 188.8 | -8.3 | -1.7 | -17 | 187.4 | |
Colourants | 1708.4 | 1649.9 | -3.4 | -0.7 | -58.5 | 1618 | |
Salon hair care | 2827.2 | 2843.8 | 0.6 | 0.1 | 16.6 | 2748.8 | |
Source: ©2008 Euromonitor International
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