Press release
Global Hair Color Market Expansion at 10.4% CAGR, Valued at $41.37 Billion by 2029
Hair Color Maket
What Are the Hair Color Market Size Forecast for 2025?
The market size of hair color has seen a significant surge in recent times. It is predicted to expand from $25.64 billion in 2024 to $27.88 billion in 2025, at a compound annual growth rate (CAGR) of 8.8%. This growth during the historic period can be attributed to several factors including sturdy economic growth in emerging markets, a rise in the use of hair color to mask gray hair, substantial investments in promotional activities like celebrity endorsements, an increase in disposable income, and advancements in the manufacturing of hair color.
What Is the Market Size Outlook for Hair Color Until 2029?
The market for hair color is projected to experience significant expansion in the upcoming years, surging to a value of $41.37 billion by 2029 with a compound annual growth rate (CAGR) of 10.4%. Factors contributing to this predicted increase throughout the forecast period include a rising global population and urbanization, augmentation in the availability of spa and salon services, growth in business mergers and acquisitions, heightened emphasis on aesthetics, and an aging population. The forecast period will also see some prominent trends such as the development of virtual hair coloring tools for enhanced customer convenience, concentration on vegan hair colors that are gentler and contain fewer harsh chemicals than non-vegan alternatives, utilization of AI-empowered hair dye technologies for improved home hair color solutions, and a steady focus on product innovation.
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What Are the Major Factors Driving Demand in the Hair Color Market?
The surge in the number of spa and salon services worldwide is predicted to fuel the expansion of the hair color market. This growth in spa and salon services indicates an upswing in saloons and spa services worldwide. These establishments offer personalized hair color treatments to clients to enhance their looks. For instance, Zolmi, a salon software company based in Poland, reported in January 2022 that there are over 80,000 salons dispersed across the US, offering a range of beauty treatments. Their aggregate annual revenue is an impressive $20 billion and continues to rise. As such, the swelling number of Spa and salon services is poised to stimulate robust demand in the hair color market.
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How Are End-Use Segments Shaping the Hair Color Market Outlook?
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
What Are the Strategic Trends Transforming the Hair Color Market Landscape?
Innovations in the products form a significant trend in the hair color market that is rapidly gaining traction. Big firms in the hair color industry are concentrating on the creation of novel and groundbreaking hair color products to fortify their market positioning. For example, Loreal, a company specializing in cosmetics and haircare, unveiled a new product named Copyright in 2022. Copyright is an AI-connected hair color system that is user-friendly for salon stylists and offers customized hair color on demand. Its primary function is to address the frequent problem of achieving accurate and consistent color, thus aiding colorists in reducing complications.
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Who Are the Prominent Companies in the Hair Color Market by ?
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.
Which Region Is Expected to See the Highest CAGR in the Hair Color Market?
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.
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