What is the global market size of Hair Color Market?

Hair Color Market size was valued at USD 4.21 billion in 2021 and is poised to grow from USD 4.5 billion in 2022 to USD 7.01 billion by 2030, growing at a CAGR of 6.54% in the forecast period (2023-2030).

Hair Color Market Size, Share, Growth Analysis, By Product Type(Powder Hair Color\Hair Dye, Crème Form, Bleachers, Highlighters), By Usage(Permanent Hair Color, Semi-Permanent Hair Color, Temporary Hair Color, Hair Highlights), By Composition(Organic/Natural/Herbal, Chemical), By Application(Total Gray Coverage, Roots Touch-Up, Highlighting), By Distribution Channel(Offline (Warehouse Clubs, Convenience Stores, Specialist Retailers, Supermarkets), By End-user(Men, Women), By Region - Industry Forecast 2025-2032

Report ID: SQMIG30L2211 | Region: Global | Published Date: October, 2024
Pages: 265 | Tables: 178 | Figures: 79

Hair Color Market Regional Insights

Based on the region, the North American region currently dominates the global hair color market. The US is actively supporting the rise in market revenue. One of the reasons influencing market growth is the existence of well-known brands like Coty Inc, Estée Lauder Companies Inc., Revlon, Inc., Avon Products Inc., and other producers. Other variables that influence the industry in the area include the presence of several celebrities and the expanding trend of celebrity endorsements for hair color products.

The European region is expected to show significant growth over the forecast period. Germany has remained one of the region's most significant markets for hair color, and it is expected to represent more than one-third of the European market's value in 2021. This is as a result of the fact that, according to a Fact.MR survey, more than 10% of males and 60% of women in Germany color their hair annually. In a recently released study report by Fact.MR, Germany is rated as one of the key nations. This analysis predicts that by 2031, Germany would have an absolute monetary opportunity of about US$ 1.3 billion.

Hair Color Market Report Snapshots

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Hair Color Market size was valued at USD 4.21 billion in 2022 and is poised to grow from USD 4.5 billion in 2023 to USD 7.01 billion by 2031, growing at a CAGR of 6.54% in the forecast period (2024-2031).

Key market players are employing a variety of promotional platforms, including television advertisements, digital marketing, and social media campaigns, among others, to encourage people to buy their hair color products on a regular basis. Additionally, major firms have been advertising their goods in malls, on television, and on billboards, emphasizing their special qualities and advantages while also appealing to consumers' sentiments. In the majority of these commercials, well-known celebrities act as brand ambassadors by portraying themselves as regular consumers of these products and enticing viewers to give them a try. This has continued to be the best way to encourage people to use hair color products frequently. 'L'Oreal', 'Procter & Gamble', 'Coty Inc.', 'Henkel AG & Co. KGaA', 'Kao Corporation', 'Revlon Inc.', 'Avon Products Inc.', 'Amorepacific Group', 'Godrej Consumer Products Limited', 'Shiseido Company Limited', 'Estee Lauder Companies Inc.', 'Wella Professionals', 'LVMH Moet Hennessy Louis Vuitton SE', 'Unilever', 'Sally Beauty Holdings Inc.', 'Toni & Guy', 'Schwarzkopf Professional', 'Farouk Systems Inc.', 'Keune Haircosmetics', 'John Paul Mitchell Systems'

Rising developments in production process and format to support the market growth: Innovations in the product's formulation, content, and format for sale in the market are what drive the market. Hair color formulation is done in two steps. The creation of the product basis is dealt with in the first stage, and the formulation of the desired shade is dealt with in the second. Special consideration must be given to elements including dye stability, color wearability on hair, light fading, and product rheology during the formulation process. The finished product's hues are where the ingenuity is visible. The majority of hair color producers currently create hues that assist brighten hair, which adds to the product's popularity among consumers. The next type of hair color is one that makes the promise to be herbal, simple to use, and long-lasting. The price quotient of the market has been driven by these developments, which have increased consumer acquisition, product visibility, and adoption rates.

Increasing popularity of creative makeup is expected to positively impact the hair color market : The adoption of artistic makeup is one of the key trends that the hair color market will encounter in the upcoming decade. Hair and makeup styling have emerged as significant industries where individuals are attempting to innovate. There is a tremendous market for transient, distinctive hair colors since makeup artists and hairstylists are striving for more daring, bizarre appearances. To increase the revenue of the temporary hair color market, major corporations can introduce bizarre, unusual temporary hair colors. Numerous new hair trends will increase demand for hair color, which hair color manufacturers must meet.

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Hair Color Market Regional Insights

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