24/7 Customer Support
Global Hair Color Market is estimated to witness a rise in revenue from US$ 17,559.7 Mn in 2021 to US$ 33,794.2 Mn by 2030. The market is registering a CAGR of 7.5% during the forecast period 2022-2030.
Hair coloring, or hair dyeing, is the practice of changing the hair color. A natural or synthetic substance is used to change the color of a person's hair. These products are mainly classified into two categories according to their duration in the hair, i.e., temporary and permanent. This classification is in line with the type of active ingredients involved in the dyeing process and with the dyeing process itself, commonly known as non-oxidative and oxidative hair dye products.
The major factor responsible for the growth of the Global hair color market includes the increasing usage of hair color by the aging population and detangling hair coloring to do ongoing fashion. Also, the rising demand for beauty & cosmetic care options at home for the geriatric population will create a significant rise in market demand. Increasing usage of hair color to cover gray strands due to the natural part of aging and young people using hair coloring to do ongoing fashion is a major factor driving the growth of the hair color market. Moreover, the growing fashion trend across the world, along with rising disposable income as well as changing lifestyles has augmented the market growth. Furthermore, captive advertisement and rising demand for organic hair color have significantly enhanced the growth of the market. However, side effects of hair color due to the presence of harmful chemicals such as ammonia and lead acetates restrict the market growth.
The study of the global hair color market considers various market determinants, industry value chain analysis, and competitor analysis of the market. The report discusses the analysis of the hair color industry for the period 2017-2030, where the base year is 2021 and the forecast period is 2022-2030. The report provides a detailed analysis of the Global Hair Color Market across 15 Chapters and 190 pages. The report includes data presentation across 39 tables and 91 statistical figures.
The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein the bargaining power of buyers and competitive rivalry is high.
The subsequent section provides details of the market analysis based on different segments such as type, applications, form, usage, and region. The report includes a detailed study of the value chain of the industry. It includes raw material producers, hair color manufacturers, distributors/Market intermediaries, and end-users. The report also covers extensively the key competitors in the market for Global hair color.
Impact of COVID-19 on Global Hair Color Market
The global hair color market witnessed a slight decline in 2020, in the recent outbreak of the COVID-19 pandemic. The market situation of hair color production is being halted and has forced the government authorities and key manufacturers to stop or delay their manufacturing processes. This ongoing pandemic further interrupted the demand and supply of hair color throughout the world, backed by the certain restriction on trade and lockdown imposed by government bodies. This often limits the adoption of hair color, therefore, inhibiting the market growth globally. However, after a few weeks at home without the ability to visit a hairdresser, many consumers are turning their attention to products like hair dye, at-home hair treatments, clippers, and beard trimmers. Some hair salons have responded to the demand by delivering custom hair color kits to their customer's homes.
Key Takeaways from the Global Hair Color Market Report
The key players in the Global Hair Color Market are Henkel Corp., Kao Corp., L’Oréal, Coty, Inc., Developlus, Inc., HOYU Corp Ltd., Godrej, Revlon, World Hair Cosmetics (Asia) Ltd., Amorepacific, Shiseido Co., Ltd., Unilever Group, The Estee Lauder Companies Inc. and Combe Inc. among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on an emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Global Hair Color Market is segmented based on type, applications, form, usage and region. The industry trends in the Global hair color market are sub-divided into different categories in order to get a holistic view of the global marketplace.
Following are the different segments of the Global Hair Color Market:
By Type segment of the Global Hair Color Market is sub-segmented into:
By Application segment of the Global Hair Color Market is sub-segmented into:
By Form segment of the Global Hair Color Market is sub-segmented into:
By Usage segment of the Global Hair Color Market is sub-segmented into:
By Region segment of the Global Hair Color Market is sub-segmented into:
There are different styles of coloring hair such as highlighting, global, and ombre hair techniques.
Ammonia is used in the hair coloring process, as it increases the pH level of hair during the coloring process.
Hair colors are used to change the color of hair and are used for softening hair, they are formed by ammonia, antioxidants, dyes, fragrance, and other chemicals.
The Global hair color market was estimated at US$ 17,559.7 Million in 2021 and is expected to reach US$ 33,794.2 Million by 2030.
Asia Pacific held the major share in terms of revenue, in the global hair color market in 2021.
Factors such as increasing usage of hair color by the aging population and detangling hair coloring to do ongoing fashion drive the growth in the global hair color market over the forecast period.
Side effects of hair color due to the presence of harmful chemicals such as ammonia and lead acetates is a restraining factor that inhibits the growth of the market.
The cream segment is expected to project the highest CAGR over the forecast period in the hair color market.
China held the major share in the Asia Pacific hair color market in 2021.
Adopting trendy fashion and social media penetration creates a lucrative growth opportunity in the market.
Type, applications, form, and usage are covered in the global hair color market.
The key players operating in the market include are Henkel Corp., Kao Corp., L’Oréal, Coty, Inc., Developlus, Inc., HOYU Corp Ltd., Godrej, Revlon, World Hair Cosmetics (Asia) Ltd., Amorepacific, SHISEIDO CO., Ltd., Unilever Group, The Estee Lauder Companies Inc. and Combe Inc. among others.