Hair Color Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

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. 

Market Dynamics

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.

Report Summary

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

• Based on type, the chemical segment holds the highest share in the global hair color market in 2021 as the durability of chemical colors is more than the other natural or organic ones. Whereas, the vegetal segment is anticipated to grow at the highest CAGR during the forecast period as it contains no ammonia and peroxide. 
• In terms of applications, women held the largest share in the hair color market in 2021 females are more attracted to clean label hair care products and are more concerned about their looks and personality than men. Moreover, men are expected to grow at the highest CAGR during the forecast period owing to the availability of professional salon services and various Men's grooming products in the market.
• On the basis of form, the cream segment is estimated to hold the largest market share and highest CAGR over the forecast period. The cream dye is pre-mixed, thus removing the need to dissolve the dye in hot water as one needs to do with the powder dye before using.
• In terms of usage, the permanent hair color segment contributed the major share in the global hair color market in 2021 as permanent colors offer innovative formulations in order to meet customer needs. Whereas, the semi-permanent segment is expected to project the highest CAGR over the forecast period. 
• By country, Asia Pacific is expected to be the leading country in the global hair color market and is also anticipated to hold the highest CAGR over the forecast period owing to rapid changes in lifestyle, rise in shopping habits and increase in incomes.

Competitive Landscape

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.

Segmentation Overview 

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:

• Chemical
•  Natural
•  Vegetal

By Application segment of the Global Hair Color Market is sub-segmented into:

• Women
• Men

By Form segment of the Global Hair Color Market is sub-segmented into:

• Cream
• Powder
• Others

By Usage segment of the Global Hair Color Market is sub-segmented into:

• Permanent Hair Color
• Semi-Permanent Hair Color
• Temporary Hair Color
• Highlights/Bleach

By Region segment of the Global Hair Color Market is sub-segmented into:

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Poland 
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Argentina
  • Brazil
  • Rest of South America