Hair Color Market: Global Industry Analysis and Forecast (2024-2030) by Usage, Application, End User, Distribution Channel and Region

Hair Color Market size was valued at US$ 26.79 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 7.8% through 2024 to 2030, reaching nearly US$ 45.33 Bn.
Hair Color Market Overview:
The global hair color market was valued at US $26.79 Bn. in 2023, and it is expected to reach US $45.33 Bn. by 2029 with a CAGR of 7.8% during the forecast period. Hair coloring or hair dyeing is used to change the color of hair. Generally, it is used to hide gray or white hair and to follow the latest fashion trend of hairstyle. The color hair can discolor after Hairdressing, sun bleaching, and due to continuous washing.

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Hair Color Market Dynamics:
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.

Additionally, in today’s world people give more importance to looks and are ready to pay more money for beauty products to maintain their beauty is another key factor to swell the growth of the hair color market soon. Nearly 70% women and 10 % men are using hair dyes. In the U.S., 75 % women are using hair dyes. Almost 1.43 billion units of hair color products were sold in the United States, in 2016.

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. But now there is the number of treatments available for hair issues put a good impact on the global hair color market in the next few years.
Hair Color Market Segment Analysis:
The Global Hair Color Market is segmented by Usage, Application, and End-User.

By Type, Temporary hair color segment is expected to grow rapidly at a CAGR of xx% during the forecast period. Different types of temporary hair color are available in the market such as rinses, gels, shampoos, sprays, and foams. Temporary hair color are more dazzling and vibrant as compared to semi-permanent and permanent hair color. Temporary hair color is utilized to color hair for some special occasions like costume parties, Halloween, and others. These are the factors that drives the growth of the Temporary hair color segment in the global market during the forecast period.

Based on the End-User, Female segment is expected to grow rapidly at a CAGR of xx% during the forecast period. In the U.S. (United State), nearly 70% of female are using hair color products. Moreover, females are more attracted towards clean label hair care products due to an increasing awareness of the advantages of herbal colors. These are the key factors that boost the growth of the female segment in the global market during the forecast period.
Hair Color Market Regional Insights:
North America dominates the Global Market during the forecast period 2024-2030. North America is expected to hold the largest market shares of xx% by 2030. Due to the presence of main leading manufacturing companies and the habit of people adopting new products according to ongoing trends. U.S. is one of the major market in North America for hair color and is expected to hold highest market share of 75% of North America by 2023. It is also expected to grow rapidly at a CAGR of 4.0% during the forecast period 2024-2030. These are the key factors that drives the growth of North America region in the global market during the forecast period.

Europe is expected to hold the 2nd largest market shares of 30% by 2030. The United Kingdom (UK) is the major hair color market in Europe region. An increasing use of multichannel marketing strategies and the growth of the distribution networks is the major factor that drives the growth of Europe region in the global market during the forecast period.

Asia Pacific is expected to grow rapidly at a CAGR of xx% during the forecast period. 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. Due to an increasing number of elderly people in Japan, it is one of the major key hair color market after China and India and held the largest market share of 30% in 2023. These are the major key factors that drives the growth of Asia Pacific region in the global market during the forecast period.

The objective of the report is to present a comprehensive analysis of the Global Hair Color Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the Global Market dynamic, structure by analyzing the market segments and project the Global Hair Color Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Market make the report investor’s guide.
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Hair Color Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 26.79 Bn.


Forecast Period 2024 to 2030 CAGR:
7.8%
Market Size in 2030:
US $ 45.33 Bn.


 Segments Covered:
by Type
Permanent
Demi-Permanent
Semi-Permanent
Temporary
Others


by Form
Powder
Cream
Gel
Others


by End-user
Male
Female


by Distribution Channel
Supermarkets
Specialty stores
Online retail
Salons
Others



Hair Color Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Hair Color Market, Key Players
1. L’Oreal
2. Revlon
3. Avon Products
4. Conair
5. Aroma
6. Estée Lauder
7. Godrej
8. HOYU
9. Coty
10.Procter & Gamble
11.Johnson & Johnson
12.Cadiveu Professional USA
13.World Hair Cosmetics Ltd.
14.Kao Corporation
15.Henkel AG & Co. KGaA
16.Combe Incorporated
17.Shiseido Company Limited
18.Uniliver
19.Combe Inc.
20.New Avon Co.

Frequently Asked Questions:

1. Which region has the largest share in Global Hair Color Market?
Ans: North America region held the highest share in 2023.

2. What is the growth rate of Global Hair Color Market?
Ans: The Global Hair Color Market is growing at a CAGR of 7.8% during forecasting period 2024-2030.

3. What is scope of the Global Hair Color market report?
Ans: Global Hair Color Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Hair Color market?
Ans: The important key players in 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., Kao Corporation, Henkel AG & Co. KGaA, Combe Incorporated, Shiseido Company Limited, Uniliver, Combe Inc., New Avon Co., and

5. What is the study period of this market?
Ans: The Global Hair Color Market is studied from 2023 to 2030.