Press release
Hair Color Market: Striking Growth and Innovations Propelling $42.46 Billion Market by 2029
Hair Color Market Size
What Is The Projected Market Size Of The Global Hair Color Market And Its Growth Rate?
The global hair color market has exhibited promising growth, owing to evolving consumer preferences and innovative advances.
•The market was valued at $25.64 billion in 2024 and is projected to attain $28.24 billion in 2025, growing at a CAGR of 10.2%.
•The market is expected to expand significantly to $42.46 billion by 2029 at a robust CAGR of 10.7%.
This growth is chiefly credited to strong economic growth in emerging markets, rising usage of hair color to cover gray hair, increased promotional activities, substantial disposable income and innovations in hair color production.
What Is Driving The Growth In The Hair Color Market?
The surge in spa and salon services globally is propelling the growth of the hair color market. The increasing number of salons and spas provide tailored hair color services to enhance the appearance of consumers. According to Zolmi, a Poland-based salon software company, there are over 80,000 salons in the US, generating a combined annual revenue of $20 billion, showcasing a growing trend. Therefore, this rise in salon and spa services is estimated to generate high demand in the hair color market.
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Who Are the Key Players Driving Hair Color Market Growth?
Key market players in the hair color industry include
•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
What Are The Key Trends In The Hair Color Market?
Top market trends include:
•Adoption of virtual hair coloring tools for enhanced customer convenience.
•Focus on vegan hair colors resulting in less harsh chemicals than non-vegan hair dye.
•Leveraging AI-powered hair dye technologies to offer superior home hair color options.
•Efforts towards product innovations in the market.
What Are The Segments Of The Global Hair Color Market?
The global hair color market is segmented as follows:
•By Usage: Permanent Hair Color, Semi-Permanent Hair Color, Demi-Permanent Hair Color, Temporary Hair Color, Hair Highlights, and Bleach.
•By Distribution Channel: Offline, Online.
•By Application: Total Gray Coverage, Touch-Up For Roots, Grays Highlighting.
•By End-User: Male, Female, Unisex.
Which Region Leads The Hair Color Market?
North America held the largest share in the hair color market in 2024, however, Asia-Pacific is foreseen to be the fastest-growing region during the forecast period. The market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Hair Color Market Global Market Report?
- Market Size Analysis: Analyze the Hair Color Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hair Color Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hair Color Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hair Color Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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