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Hair Lightening Products Market Expansion Continues, with Forecast Valuation of $10.27 Billion by 2029
Hair Lightening Products
Hair Lightening Products Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for hair lightening products has seen a steady growth over the past few years. It's estimated that the market will increase from $8.31 billion in 2024 to $8.64 billion in 2025, with a compound annual growth rate (CAGR) of 4.0%. The historic period growth can be credited to numerous factors including the emerging fashion trends favoring lighter hair colors, celebrity endorsements for hair lightening products, a surge in consumer awareness about personal grooming and self-expression, the growing trend of DIY beauty remedies, and the overall expansion of the beauty industry.
Hair Lightening Products Market Size Forecast: What's the Projected Valuation by 2029?
In the approaching years, the market size for hair lightening products is projected to exhibit consistent growth, escalating to $10.27 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 4.4%. The anticipated growth during this period can be ascribed to factors such as increased inclination towards natural and organic lightening solutions, broader accessibility of products due to the growth of e-commerce platforms, the rising trend of do-it-yourself hair lightening kits, amplified disposable incomes fueling purchases of beauty products, and a boom in beauty influencer marketing via social media platforms. Noteworthy trends expected in this forecast period consist of the innovation in gentle, sulfate-free formulations, a pivot towards veganism and cruelty-free alternatives, customization in hair lightening solutions, advancements in organic and natural formulas, and the emergence of hybrid hair coloring techniques.
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What Are the Drivers Transforming the Hair Lightening Products Market?
The expansion of the hair lightening products market is likely to be fueled by the increased demand for specialized hair care services. Such services, offered by professional hairstylists and cosmetologists, include procedures such as haircuts, colouring, styling, and maintenance treatments aimed at improving hair health and appeal. There has been a surge in the demand for these services due to factors like increased public consciousness about grooming, higher disposable income, changes in urban lifestyle, novel treatments, influence of social media, and growing demand in developing markets. Hair lightening products supplement these professional hair care services by providing customers with adaptable and significant hair colour alternatives, allowing hairdressers to create various looks while preserving hair health. For instance, a US Bureau of Labor Statistics report from March 2023 projected that employment opportunities for barbers, hairstylists, and cosmetologists will increase by 7% from 2023 to 2033, offering an annual average of 89,100 job openings. Furthermore, as of May 2023, the median hourly wage for barbers stood at $17.38, while hairdressers and cosmetologists earned $16.81. As such, the rising demand for professional hair care services is anticipated to spur the growth in the hair lightening products market.
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What Long-Term Trends Will Define the Future of the Hair Lightening Products Market?
Leading corporations in the hair lightening products market are putting their efforts into creating innovative solutions like argan oil to boost hair nourishment as it lightens. Argan oil is a natural resource full of vitamins and antioxidants that feed and safeguard hair, preventing it from becoming dry or damaged during the lightening process. For example, GK Hair USA, a pioneer in creating hair lightening solutions from the United States, in December 2023, introduced a product called lightening powder zero with argan oil. This product is crafted to cater to contemporary consumers and salon professionals. The ingenious lightening powder is the product of a unique formula that combines nourishing argan oil and juvexin, providing effective hair lightening while maintaining hair health. With the ability to lift up to 9 levels, it is perfect for various hair coloring procedures.
Which Segments in the Hair Lightening Products Market Offer the Most Profit Potential?
The hair lightening productsmarket covered in this report is segmented -
1) By Type: Natural, Conventional
2) By Formulation: Cream, Powder, Liquid
3) By Lightening Level: Lift 1 To 2 Levels, Lift 3 To 4 Levels
4) By Application: House-Hold, Commercial
Subsegments:
1) By Natural: Lemon-Based Lighteners, Honey-Based Lighteners, Chamomile Extract Lighteners, Vinegar-Based Lighteners, Other Plant-Based Lighteners
2) By Conventional: Peroxide-Based Lighteners, Ammonia-Free Lighteners, Bleaching Powders, Spray Lighteners, Cream-Based Lighteners
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Which Firms Dominate the Hair Lightening Products Market by Market Share and Revenue in 2025?
Major companies operating in the hair lightening products market are Procter & Gamble Company, L'Oréal SA, Henkel Corporation, Wella AG, Revlon Inc., John Paul Mitchell Systems., Lanza Healing Haircare Inc., Sun Bum LLC, Oligo Professionnel Inc., IGK Hair Care, Lakmé Lever Pvt. Ltd., Redken, Pulp Riot Inc., Manic Panic Inc., Goldwell GmbH, John Frieda Professional Hair Care, Bigen North America Inc., Klorane Botanical Foundation., Haircare Group, 2.Oh! Haircare
Which Regions Offer the Highest Growth Potential in the Hair Lightening Products Market?
North America was the largest region in the hair lightening products market in 2024. The regions covered in the hair lightening products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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