Press release
Hair Color Market Analysis, Latest Trends, Future Growth, Size And Forecast 2024-2033 | L'Oreal SA, Henkel AG and Co. KGaA, Kao Corporation, Godrej Consumer Products Limited
Hair Color Market Report
The Business Research Company presents an extensive market research report on the Hair Color Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The hair color market size has grown rapidly in recent years. It will grow from $23.35 billion in 2023 to $25.8 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased usage of hair color to cover gray hair, increased investments in promotional activities like celebrity endorsements, increased disposable income and innovations in hair color production.
The hair color market size is expected to see rapid growth in the next few years. It will grow to $38.01 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to global population growth and urbanization, increasing number of spa and salon services, increasing mergers and acquisitions, increasing beauty concern and increasing older population. Major trends in the forecast period include offering virtual hair coloring tools for greater customer convenience, focusing on vegan hair colors that are milder, or less harsh chemicals than non-vegan hair dye, leveraging ai-powered hair dye technologies to offer better home hair color options and focusing on to product innovations.
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Key Market Players:
Major companies operating in the hair color market report are L'Oreal SA, Henkel AG and Co. KGaA, Kao Corporation, Godrej Consumer Products Limited, Revlon Inc, The Estee Lauder Companies Inc., Combe Incorporated, Shiseido Company Limited, Mandom corp, Aveda Corp, Yiwu Olisa Beauty Factory, Guangzhou Hongxinlong Cosmetics Co Ltd, Zhejiang Chenxin Cosmetic Co Ltd, Guangzhou Hair Kou Trading Co Ltd, Guangzhou Dfine Trading Company Ltd, Hoyu Co Ltd, Coty Inc, Avon Products Inc, Unilever PLC, Procter & Gamble, Conair Corporation, Hero Cosmetics, Momentive Performance Materials Inc, Ashland Inc, Stepan Company, Cosmetica Beauty & Personal Care Equipment Trading LLC, Nazih Cosmetics, LSM Group of Companies, Prime Pro Extreme Middle East, Lila Kozmetik, Sachane Profesyonel Kozmetik Magazasi, Corporate Bureau Ltd, Blaq Hair, Dwinat Company Limited, The Hair Color Company, Evergreen Logistics Co Limited, Spec Sasa Logistics Limited, Kenya & Co Hair Salon.
Market Drivers:
The increase in spa and salon services is expected to propel the growth of the hair color market going forward. An increase in spa and salon services refers to a rise in the number of saloons and spa services across the globe. The saloon and spa services provide customized hair color services to customers to improve their appearance. For example, in January 2022, according to Zolmi, a Poland-based saloon software company, there are over 80,000 salons scattered around the US, providing various beauty services. Their combined yearly revenue is as high as $20 billion and growing. Therefore, the increasing number of Spa and salon services is expected to generate high demand in the hair color market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/hair-color-global-market-report
The hair color market covered in this report is segmented -
1) By Usage: Permanent Hair Color, Semi-Permanent Hair Color, Demi-Permanent Hair Color, Temporary Hair Color, Hair Highlights and Bleach
2) By Distribution Channel: Offline, Online
3) By Application: Total Gray Coverage, Touch-Up For Roots, Grays Highlighting
4) By End-User: Male, Female, Unisex
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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