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Key Trends Shaping the Future Hair Color Market From 2025-2034: Innovative Hair Color Products Take Center Stage In Growing Market Trend
Hair Color Market Size
The anticipated surge in spa and salon facilities is predicted to stimulate the expansion of the hair color industry. The augmentation in these services denotes an escalation in the count of salons and spa facilities worldwide. These institutions offer personalized hair color solutions to their clients, boosting their looks. For instance, as reported by Zolmi, a salon software firm based in Poland, the US has a network of over 80,000 salons in January 2022, delivering a multitude of aesthetic treatments. Their collective annual earnings amount to a staggering $20 billion and are on an upward trend. Hence, the growth in the number of spa and salon services is likely to create substantial demand for the hair color market.
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What is the future CAGR of the hair color market, and how will it impact industry expansion?
The market size of hair color has seen a swift expansion in the last few years. There's an anticipated growth from $25.64 billion in 2024 to $28.24 billion in 2025, with a compound annual growth rate (CAGR) of 10.2%. The surge in the historic phase stands credited to solid economic development in emerging markets, augmented application of hair color for gray hair coverage, elevated investments in publicity drives like endorsements by celebrities, increased disposable income, and revolutionary advancements in the production of hair color.
The size of the hair color market is anticipated to see a swift surge in growth over the coming few years. The market value is predicted to reach $42.46 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 10.7%. The rising global population and urbanization, an increase in the availability of spa and salon services, growing number of mergers and acquisitions, heightened concerns for beauty, combined with an aging population are all factors propelling this growth for the forecasted period. Key trends observed during this period include the provision of digital hair coloring tools for increased client convenience, a shift towards vegan hair colors to reduce exposure to harsh chemicals, adoption of Artificial Intelligence-aided hair dye technologies for improved home-based hair color alternatives, and a strong emphasis on product innovation.
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What trends are poised to drive the future success of the hair color market?
The primary trend emerging in the hair color market is focused on product innovations. The main focus of top-notch companies in this market lies in the creation of revolutionary and novel hair color products to secure their dominance. Take Loreal, for instance. This hair care and cosmetics company launched an AI-associated hair color system named Copyright in 2022. This user-friendly salon stylist tool allows for personalized, on-demand hair color services. It resolves the issues of achieving accurate and consistent color, helping color technicians reduce complications.
Which key market segments comprise the hair color market and drive its revenue growth?
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
Subsegments:
1) By Permanent Hair Color: Cream Hair Color, Liquid Hair Color
2) By Semi-Permanent Hair Color: Semi-Permanent Creams, Semi-Permanent Liquids
3) By Demi-Permanent Hair Color: Demi-Permanent Creams, Demi-Permanent Gels
4) By Temporary Hair Color: Hair Chalks, Wash-Out Hair Color Sprays
5) By Hair Highlights And Bleach: Highlighting Kits, Bleaching Powders, Foil Highlights
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What regions are at the forefront of hair color market expansion?
North America was the largest region in the hair color market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hair color market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the hair color market?
Major companies operating in the hair color market 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, 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, 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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What Is Covered In The Hair Color Global Market Report?
• Market Size Forecast: Examine the hair color market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the hair color market for a structured understanding.
• Key Players Overview: Analyze major players in the hair color market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hair color market.
• Segment Contributions: Evaluate how different segments drive overall growth in the hair color market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hair color market.
• Industry Challenges: Identify potential risks and obstacles affecting the hair color market.
• Competitive Landscape: Review strategic developments in the hair color market, including expansions, agreements, and new product launches.
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