Core Viewpoint - The hair care market is becoming a significant opportunity for both domestic and international companies, with increasing investments and acquisitions in this sector [1][2][9]. Investment and Acquisition Activities - In 2023, notable acquisitions include L'Oréal's purchase of Color Wow and Kid's King's acquisition of the hair care brand Si Yu for 1.65 billion yuan [1]. - Blackstone is in negotiations to acquire Juno Hair, South Korea's largest high-end salon chain, for approximately 590 million USD (around 4.233 billion yuan), which would be one of the largest acquisitions in the personal care services industry in Korea [2][5][7]. Financial Performance and Valuation - Juno Hair reported sales of approximately 300 billion KRW (around 1.572 billion yuan) last year, with an EBITDA of 37 billion KRW (around 194 million yuan) [4]. - The proposed acquisition valuation for Juno Hair is over 20 times its EBITDA, which is considered unusually high for the Korean salon industry [2][5]. Market Growth and Trends - The global shampoo market is projected to grow from 34.46 billion USD (approximately 247.185 billion yuan) in 2023 to 56.54 billion USD (approximately 405.567 billion yuan) by 2032, with a compound annual growth rate (CAGR) of 5.71% [9]. - The Chinese hair care market has expanded from 43.39 billion yuan in 2017 to 65.5 billion yuan in 2023, with expectations to reach 82.79 billion yuan by 2027 [13]. Competitive Landscape - Major international beauty brands, including L'Oréal and Proya, are actively entering the hair care market, with L'Oréal's professional hair product division experiencing continuous sales growth [11][14]. - Domestic brands are focusing on launching new hair care products, with significant growth reported in high-end segments [14][17]. Emerging Opportunities - The scalp care segment is identified as a potential growth area, with a significant increase in consumer interest and market size for anti-hair loss products, projected to grow from 2.332 billion yuan in 2018 to 7.636 billion yuan in 2022 [18]. - Companies are shifting their focus from traditional hair care solutions to innovative scalp and hair management products, indicating a trend towards more specialized offerings in the market [17][18].