Splitting Hairs

The Slow and Steady Recovery of Hair CareBy IBISWorld analyst Caitlin Moldvay It’s no secret that hair care is an important component in Americans’ beauty and grooming regimen. In fact, revenue from the hair salons, hair product and wig manufacturing industries exceeded the GDP of 110 other countries. In 2011, the hair products and services sector generated $48.6 billion. Although the sector’s revenue is prodigious, heightened unemploymentand reduced consumer spending have left their mark on these industries. These three industries all recorded revenue declines during the recession, with