Press release
Hair Color Market Research Report 2024: Growth, Recent Trends And Forecast To 2033
Hair Color Market Research
The Business Research Company offers in-depth market insights through Hair Color Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Rising Demand For Hair Color Fueled By Growing Spa And Salon Services Worldwide
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.
Competitive Landscape:
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.
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https://www.thebusinessresearchcompany.com/report/hair-color-global-market-report
Top Trend - Innovative Hair Color Products Take Center Stage In Growing Market Trend
Product innovations are the key trend gaining popularity in the hair color market. Major companies operating in the hair color market focus on developing new and innovative hair color products to strengthen their positions. For instance, in 2022, Loreal, a cosmetics and haircare company, launched Copyright. Copyright is a salon stylist-friendly AI-connected hair color system that provides on-demand, personalized hair color. It solves the challenges of getting the correct and consistent color allowing colorists to minimize complications.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hair Color Market Characteristics
3. Hair Color Market Trends And Strategies
4. Hair Color Market - Macro Economic Scenario
5. Hair Color Market Size And Growth
…..
27. Hair Color Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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