Haircare market forecast to grow 24 percent by 2030

The global haircare category is on track for significant expansion, with forecasts showing 24 percent growth by 2030 to reach £129 billion. This surge is expected to outpace makeup and fragrance sectors. Rising consumer focus on scalp health and ingredient innovation is driving the trend.

According to Euromonitor data, haircare is benefiting from increased awareness of issues like dryness, aging, and thinning linked to GLP-1 drugs. Brands are responding with clinical ingredients and targeted products. Recent activity includes biotech launches and major investments in the category.

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L’Oréal Group posted a 7.6% like-for-like revenue increase to €12.2 billion in the first quarter of fiscal 2026, exceeding analyst expectations. The results marked an acceleration from the previous quarter. CEO Nicolas Hieronimus credited innovation and e-commerce strength for global market share gains.

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Analysts forecast accelerated growth for the global luxury sector in 2026, with China’s consumer spending rebound as a key driver despite challenges from a volatile property market and oil shocks from the war in Iran. HSBC, Deutsche Bank and BNP Paribas predict global sales growth of 5.5 to 6 per cent.

Global animal feed production reached 1.44 billion tons in 2025, up 2.9% from 2024, according to Alltech's report. Aquaculture feed led growth at 4.7% worldwide, driven by Latin America, where Brazil contributed through tilapia expansion. Africa saw the biggest regional rise at 11.5%.

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