Hair Color Market Unleashing Growth, Forecast To 2024-2033

Overview and Scope

Hair colors are used to cover grey hairs, restore the original hair color, and change the structure and color of hair. Hair color refers to hair dye to highlight the hair and improve the overall appearance of the hair and make it look more appealing. The hair color creates hues that reflect light and make the hair look more vibrant and bouncier.

Sizing and Forecast

The hair color market size has grown rapidly in recent years. It will grow from $23.35 billion in 2023 to $25.8 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%.  The growth in the historic period can be attributed to strong economic growth in emerging markets, increased usage of hair color to cover gray hair, increased investments in promotional activities like celebrity endorsements, increased disposable income and innovations in hair color production.

The hair color market size is expected to see rapid growth in the next few years. It will grow to $38.01 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.  The growth in the forecast period can be attributed to global population growth and urbanization, increasing number of spa and salon services, increasing mergers and acquisitions, increasing beauty concern and increasing older population. Major trends in the forecast period include offering virtual hair coloring tools for greater customer convenience, focusing on vegan hair colors that are milder, or less harsh chemicals than non-vegan hair dye, leveraging ai-powered hair dye technologies to offer better home hair color options and focusing on to product innovations.

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Segmentation & Regional Insights

The hair color market covered in this report is segmented –

1) By Usage: Permanent Hair Color, Semi-Permanent Hair Color, Demi-Permanent Hair Color, Temporary Hair Color, Hair Highlights and Bleach

2) By Distribution Channel: Offline, Online

3) By Application: Total Gray Coverage, Touch-Up For Roots, Grays Highlighting

4) By End-User: Male, Female, Unisex

North America was the largest region in the hair color market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hair color market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The increase in spa and salon services is expected to propel the growth of the hair color market going forward. An increase in spa and salon services refers to a rise in the number of saloons and spa services across the globe. The saloon and spa services provide customized hair color services to customers to improve their appearance. For example, in January 2022, according to Zolmi, a Poland-based saloon software company, there are over 80,000 salons scattered around the US, providing various beauty services. Their combined yearly revenue is as high as $20 billion and growing. Therefore, the increasing number of Spa and salon services is expected to generate high demand in the hair color market.

Key Industry Players

Major companies operating in the hair color market report are L'Oreal SA, Henkel AG and Co. KGaA, Kao Corporation, Godrej Consumer Products Limited, Revlon Inc, The Estee Lauder Companies Inc., Combe Incorporated, Shiseido Company Limited, Mandom corp, Aveda Corp, Yiwu Olisa Beauty Factory, Guangzhou Hongxinlong Cosmetics Co Ltd, Zhejiang Chenxin Cosmetic Co Ltd, Guangzhou Hair Kou Trading Co Ltd, Guangzhou Dfine Trading Company Ltd, Hoyu Co Ltd, Coty Inc, Avon Products Inc, Unilever PLC, Procter & Gamble, Conair Corporation, Hero Cosmetics, Momentive Performance Materials Inc, Ashland Inc, Stepan Company, Cosmetica Beauty & Personal Care Equipment Trading LLC, Nazih Cosmetics, LSM Group of Companies, Prime Pro Extreme Middle East, Lila Kozmetik, Sachane Profesyonel Kozmetik Magazasi, Corporate Bureau Ltd, Blaq Hair, Dwinat Company Limited, The Hair Color Company, Evergreen Logistics Co Limited, Spec Sasa Logistics Limited, Kenya & Co Hair Salon.

The hair color market report table of contents includes:

1. Executive Summary

2. Hair Color Market Characteristics

3. Hair Color Market Trends And Strategies

4. Hair Color Market - Macro Economic Scenario

5. Global Hair Color Market Size and Growth

6. Hair Color Market Segmentation

7. Hair Color Market Regional And Country Analysis

……………….

34. Key Mergers And Acquisitions In The Hair Color Market

35. Hair Color Market Future Outlook and Potential Analysis

36. Appendix

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Hair Color Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Hair Color Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Hair Color Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 75: L'Oreal SA Financial Performance

Table 76: Henkel AG and Co. KGaA Financial Performance

Table 77: Kao Corporation Financial Performance

Table 78: Godrej Consumer Products Limited Financial Performance

Table 79: Revlon Inc Financial Performance

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