The report of Hair Color Market by Usage (Permanent hair color, Semi-permanent hair color, Temporary hair color, Hair highlights, and bleach), Application (Total gray coverage, Touch-up for roots, Grays highlighting), End-user (Male, Female, Unisex), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ 37.5 Bn by 2027, at a CAGR of 7.8% during the forecast period.
Hair colors are available in different colors. Hair coloring is done by a professional hairdresser or by self at home. There are different styles for coloring the hair like coloring completely, coloring some specific part of hair called highlighting, and now a days Ombre hair technique is popular, in which the bottom portion of hair looks lighter than the top portion. A new trend is followed by young people to color their hair according to their clothes.
The hair color compounds are chemically formed, or plant derived. Hair colors are formed by ammonia, antioxidants, dyes, fragrance, and some other chemicals are used for softening the hair, etc. Hair color may be harmful to users due to its chemicals, sometimes it causes allergic reactions or irritation. So, compounds that are used in hair color are tested several times to make them harmless for the user.
The most significant reason to boost the global hair color market is that there is a continuous growth in the population globally, in that old people are using hair color to hide their grey hair and young people are using hair coloring to do ongoing fashion, etc. Furthermore, due to increase in spa and salon services which offer facilities like coloring and maintaining hair, and this factor will lead to the growth of the hair color market in the coming years. Health & wellness awareness, changing lifestyle, the good income of people, and increasing urbanization are likely to get incremental growth for the global hair color market. Due to more advertising of the product, health organization’s marketing, and by social media, consumers ensured about the product and ready to purchase them, this also boosts the demand for the product.
On the other hand, demerits of hair coloring due to chemicals are hair damage, dry hair, hair fall and weakened roots, etc. and the government is implementing strict rules and regulations related to chemicals used in the making of hair colors to avoid any health risk. These facts may hamper the growth of the global hair coloring market.
Region-wise, North America is the major revenue contributor to the hair color market now and in the future. Due to the presence of main leading manufacturing companies and the habit of people adopting new products according to ongoing trends. In the Asia Pacific region, countries like China and India are investing more money in the hair color market. Also, here is a demand for products due to rapid changes in lifestyle, rise in shopping habits and increase in incomes, etc. are expected to rise the growth in the hair color market in this region.
The key players of the global Hair Color market are L’Oreal, Revlon, Avon Products, Conair, Aroma, Estée Lauder, Godrej, HOYU, Coty, Procter & Gamble, Johnson & Johnson, Cadiveu Professional USA, World Hair Cosmetics Ltd. and other.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Hair Color Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Hair Color Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Hair Color Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Hair Color Market.”
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