Technavio Says Increased Investments and R&D Will Lead to Strong Growth in the Value-Added Hair Oils Market in India
March 31, 2015 | By Business Wire News
LONDON
Technavio, a tech-focused research firm, has published a new report on the Value-Added Hair Oils Market in India,which is expected to grow at a CAGR of 19.77 percent from 2015-2019.
With more and more manufacturers providing new and innovative hair oils, the Value-Added Hair Oils Market in India has become highly competitive. Manufacturers are exploring new application areas for the existing range of products, in order to stay ahead of the competition.
“The increase in environmental and health concerns has led vendors to focus on the development of hair products that provide consumers with protection against the harmful effects of pollution,” says Faisal Ghaus, Vice President of Technavio.
“The value-added hair oils segment has various sub-categories, which helps vendors focus on specific segments that are more aligned with their existing product portfolio.”
Furthermore, the market is witnessing increased expenditure on R&D for the development of new products. More research is being undertaken on upgrading the quality and adding value to the hair oils that are used in the commercial and non-commercial segments, which is expected to have a positive impact on market growth.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
About Technavio
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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Technavio Research
Jes Ellacott
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Media & Marketing Executive
www.technavio.com
media@technavio.com
