Godrej Consumer Products eyes 25% market share in professional hair care

Sources said the brand from the Godrej stable currently has a miniscule market share and the space is dominated by Loreal which has a near 70% market share in the salon space

Godrej Consumer Products, which entered the professional hair-care market around two years back, is eyeing a 25 per cent market share in this space in the next three years.

While the global market size for professional hair and skin care stands at around Euro 12 billion, in India, this segment is pegged at Rs 2,500 crore. Of this, professional hair care market stands at Rs 1,200 crore and has been registering a 8-9 per cent growth since the past few years.

Sources said the brand from the Godrej stable currently has a miniscule market share and the space is dominated by Loreal