Press release
Hair Color Market - Segments Worth Observing Aiding Growth Factors 2022 - 2028
The Hair Color Market is expected to grow from US$ 23,762.28 million in 2022 to US$ 35,201.69 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2022 to 2028.Hair color, including the semi-permanent ones, helps in providing a different color to the hair that can also help make it stronger. Hair color also plumps up the hair shafts, which can temporarily add volume and body to the tresses. They are available in a wide variety of colors and shades, which has piqued the interest of people across age groups. Influence of pop culture on the fashion choices among the youth has played a major role in the high growth of hair color market.
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The List of Companies - Hair Color Market
1. Arctic Fox
2. Coty Inc.
3. Henkel AG & Co. KGaA
4. Kao Singapore Pte Ltd.
5. L'Oreal Groupe
6. Revlon
7. Hygienic Research Institute Pvt. Ltd. (Brand-Streax)
8. PZ Cussons Beauty LLP
9. Unilever Plc
10. Wella Operations US LLC
The hair color market, based on geography, is primarily segmented into North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA). In 2021, Asia Pacific dominated the global market. The growing demand for natural and organic hair care products, along with the growing aging population, are some of the factors driving the hair color market growth across the region. Hair colors help people cover grays, and sport a different style of hair to their natural hair color. Highlights or partially coloring the hair has grown in popularity among the youth of the region. In addition to this, the aging population across the region make extensive use of hair colors to color gray hair and hide signs of ageing. Coloring the hair helps to emphasize texture and add luster to bring back hair's natural shine that has been damaged due to overexposure to the sun as well as due to pollution. Changing lifestyles due to the increased disposable income and urbanization in developing countries have also increased the demand for hair colors.
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Based on the type, the hair color market is segmented into powder, cream, and others. In 2021, the cream segment led the market. Cream hair colors are being increasingly used by consumers as they are thicker in consistency. The hair color manufacturers are providing various shades and colors in the cream category. Many manufacturers also provide hair colors that are herbal and organic. Some of the products also have a unique nourishing ability due to their herbal ingredients that help strengthen the hair.
The consumer goods and many other industries faced unprecedented challenges upon the onset of the COVID-19 pandemic. The shortage of raw materials and laborers, shutdown of factories, and other operational difficulties induced by safety protocols adversely affected the hair color market. However, vaccination drives have led to a rise in business activities across the world. The economies are reviving their operations. Thus, the demand for hair color is expected to rise globally in the coming years. Key manufacturers have resumed their operations, thereby restoring their hair color production capacities. The COVID-19 pandemic has forced the closure of beauty salons and parlors, which has reduced the demand for professional hair colors. With the temporary closure of many hair salons, the at-home hair color business grew during the pandemic. The pandemic has driven consumers to color their hair at home more often.
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TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Hair Color Market, by Product Type
1.3.2 Global Hair Color Market, by Type
1.3.3 Global Hair Color Market, by Distribution Channel
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Global Hair Color Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3 Expert Opinion
5. Global Hair Color Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase Demand For Hair Color By Ageing Population
5.1.2 Growing Adoption Of High-End Hair Colors
5.2 Market Restraints
5.2.1 Potential Health Risk Due To The Toxic Chemicals In Hair Colors
5.3 Market Opportunities
5.3.1 New Type Launches
5.4 Future Trends
5.4.1 High Demand For Natural And Organic Hair Colors
5.5 Impact Analysis Of Drivers And Restraints
6. Global Hair Color - Market Analysis
6.1 Global Hair Color Market Overview
6.2 Global Hair Color Market -Revenue and Forecast to 2028 (USD Million)
6.3 Market Positioning - Global Hair Color Market Players
7. Hair Color Market Analysis - By Product Type
7.1 Overview
7.2 Hair Color Market Breakdown, by Product Type, (2021 and 2028)
7.3 Permanent
7.3.1 Overview
7.3.2 Permanent: Hair Color Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Semi-Permanent
7.4.1 Overview
7.4.2 Semi-Permanent: Hair Color Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Temporary
7.4.1 Overview
7.4.2 Temporary: Hair Color Market - Revenue and Forecast to 2028 (US$ Million)
8. Hair Color Market Analysis - By Type
9. Hair Color Market Analysis - By Distribution Channel
10. Hair Color Market - Geographic Analysis
Continued…
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