Hair Color Market Latest Trends and Analysis, Future Growth Study by 2030

Future of the Hair Color Market
The market for hair dye is anticipated to grow at a CAGR of about 5% over the following ten years, reaching a value of US$ 21.4 billion in 2021.
All salons were forced to close because to the COVID-19 pandemic, which shows a decline in the demand for professional hair colouring. Major corporations are investing in the creation of DIY-based, professional hair colours that can be used at home as a defence against this. Due to its many advantages over synthetic hair colour, consumers' desire for natural hair colour has rapidly increased.

Comparison of 2016-2020 hair colour sales with 2021-2031 projections
Historically, from 2016 to 2020, the use of hair colour grew at a rate of about 2.6% CAGR, with developed nations including the United States, Germany, Italy, and France accounting for a sizeable portion of the global market. From a consumption perspective, the market is anticipated to expand at a consistent CAGR, with demand for DIY hair colour products at professional hair salons playing a significant role in driving overall growth. Additionally, the proliferation of social media campaigns promoting current hair colouring trends has worked as a roadblock to industry expansion.

There are signs that, after the pandemic situation is resolved, the beauty industry may once again have significant CAGR growth, despite the fact that COVID-19 will have a significantly greater economic impact on brands and stores than any recession. Sales for the first quarter of FY2021 in China's beauty sector decreased by up to 80% from the same period the previous year. These elements allow us to divide the forecast timeline into three sections and estimate demand for the long-term forecast period. Recovery growth is anticipated to be visible in the near future. During the forecast period for the medium term, demand will then normalise. Finally, over time, economic cycles and inflation rates are likely to have an impact on the demand for and cost of the goods.

Key Drivers, Trends, and Challenges in the Hair Color Market
Our analysis indicates that the market growth during and after the COVID-19 timeframe has been positively impacted. The development of the hair colour market is being significantly fueled by innovation in product composition and formats, but there are some issues that could restrain this expansion, such as the small market for novelty and high-end hair colours in emerging nations. Our research experts have analysed historical data to determine the COVID-19 pandemic's effect on the hair colour business as well as the major market drivers. To achieve a competitive edge, end goals can be determined and marketing strategies can be improved with the aid of a comprehensive analysis of the drivers.

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Global Hair Color Market: Major Players
KEUNE
Revlon
Muster Dikson
Affinage
Kao
Henkel
Oway
L'Oreal

Global Hair Color Market: Types
Temporary Hair Dye
Semi-permanent Hair Dye
Permanent Hair Dye

Global Hair Color Market: Applications
Man
Woman

Global Hair Color Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Hair Color market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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