Press release
Hair Color Market Analysis 2023-2032 : Market Size, Top Segments, Leading Region Forecast | L'Oreal SA, Henkel AG and Co. KGaA, Kao Corporation, Godrej Consumer Products Limited, Revlon Inc.
As per The Business Research Company's Hair Color Opportunities And Strategies Market Report 2023, The hair color market size reached a value of nearly $19,331.1 million in 2021, having grown at a compound annual growth rate (CAGR) of 4.4% since 2016. The market is expected to grow from $19,331.1 million in 2021 to $29,009.2 million in 2026 at a rate of 8.5%. The hair color market size is then expected to grow at a CAGR of 7.7% from 2026 and reach $42,100.5 million in 2031.An increase in number of Spa and salon services is expected to drive the growth of the hair color market going forward. Salon formulas are better for the hair, and having a professional colorist apply ensures the best results. When consistently receiving professional hair color, someone's carefully formulating the shade to do the least amount of damage possible and regularly examining the strands to ensure they remain healthy.
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Vegan hair colors are another key trend gaining traction in the hair color market. Vegan hair dye does tend to have milder, or less harsh chemicals than non-vegan hair dye, although this may not be the case for every vegan hair dye. For example, in 2020, Revlon, a US-based company dealing in cosmetics, skincare, and personal care launched NEW Total Color, vegan permanent hair color that gives 100% full coverage. This unique product nourishes the hair by providing natural color with brilliant shine and less breakage. It includes vegan ingredients and is an easy to use, effortless experience and precision at the roots.
The top opportunities in the hair color market segmented by usage will arise in the permanent hair color segment, which will gain $3,909.9 million of global annual sales by 2026. The top opportunities in segment by distribution channel will arise in the offline segment, which will gain $8,504.8 million of global annual sales by 2026. The top opportunities in segment by application will arise in the total gray coverage segment, which will gain $4,345.5 million of global annual sales by 2026. The top opportunities in segment by end-user will arise in the female segment, which will gain $5,909.4 million of global annual sales by 2026. The hair color market size will gain the most in the USA at $2,089.1 million.
Hair Color Market Segmentation:
The hair color market is segmented by usage, by distribution channel, by application, and by end-user.
By Usage -
a) Permanent Hair Color
b) Semi-Permanent Hair Color
c) Demi-Permanent Hair Color
d) Temporary Hair Color
e) Hair Highlights and Bleach
By Distribution Channel -
a) Offline
b) Online
By Application -
a) Total Gray Coverage
b) Touch-Up For Roots
c) Grays Highlighting
By End User -
a) Male
b) Female
c) Unisex
Major players in the Hair Color market include L'Oreal SA,Henkel AG and Co. KGaA,Kao Corporation,Godrej Consumer Products Limited,Revlon Inc.
The regions covered in the global Hair Color market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The latest report from The Business Research Company, 'Global Hair Color Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.
Hair Color Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
.....
19.Company Profiles
20.Key Mergers and Acquisitions
21.Opportunities And Strategies
22. Hair Color Market, Conclusions And Recommendations
23.Appendix
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