Hair Color Market Share, Size, Growth & Trend Analysis 2028

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Hair Color Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Permanent, Semi-Permanent, and Temporary), Type (Powder, Cream, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

Publication Month: Jun 2022 | Report Code: TIPRE00029506 | No. of Pages: 150 | Category: Consumer Goods | Status: Published

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 products are categorized as oxidative (permanent) colors and direct (temporary or semipermanent) colors. Hair color products help in providing care for the hair and the scalp. In 2021, Asia Pacific dominated the global hair color market. The increased prevalence of graying of hair among the young, working population due to stress and improper diet is primarily driving the hair color market as most of these individuals are conscious about their hair and appearance. The population of Southeast Asian countries, such as South Korea, Hong Kong, Taiwan, and Singapore, is aging faster than Japan, which creates an excellent opportunity for the hair colorant market to expand their presence in these countries. In the European Union and North American region, women are increasingly demanding natural and organic hair care products.

Strategic Insights

Report Coverage - Hair Color Market
Report CoverageDetails
Market Size Value inUS$ 23,762.28 Million in 2022
Market Size Value byUS$ 35,201.69 Million by 2028
Growth rateCAGR of 6.8% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
No. of Pages150
No. of Tables83
No. of Charts & Figures77
Historical data availableYes
Segments coveredProduct Type, Type, and Distribution Channel
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Hair Color Market Forecast, by Region, 2021–2028

Hair Color Market Forecast, by Region, 2021–2028

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Market Insights

High Demand for Natural and Organic Hair Colors

In recent years, the demand for natural and organic hair care has been growing due to elevated awareness about the harmful effects of the toxic chemical ingredients of hair colors. The natural and organic hair color products do not include any chemicals that damage the hair or affect the overall health of users. There has been a growing demand for plant-derived hair colors and coloring agents. The natural and herbal hair color products are ammonia-free and are considered to be less harmful than their synthetic counterparts. Manufacturers are introducing products constituting plant-extracted ingredients. L’Oréal has created an ammonia-free hair color-Inoa-cater to the growing demands. In 2020, Revlon launched breakthrough vegan hair color Total Color. It is the first clean and vegan permanent hair color that delivers 100% full coverage. Total Color is a high-performance at-home hair color that promotes healthy shine, provides up to 6 weeks of color vibrancy, with less breakage. Thus, increased manufacturing of natural and organic hair color from the manufacturers is providing growth opportunities for the hair color market.

Product Type Insights

Based on product type, the hair color market is segmented into permanent, semi-permanent, and temporary. In 2021, the permanent segment held the largest market share of the market. The permanent hair color is a long-lasting color that becomes an ideal solution for gray coverage as it stays on the hair till the hair grows out.

Hair Color Market Share, by Product Type, 2021–2028

Hair Color Market Share, by Product Type, 2021–2028

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Arctic Fox, Coty Inc., Henkel AG & Co. KGaA, Kao Singapore Pte Ltd., L’Oreal Groupe, Revlon, Hygienic Research Institute Pvt. Ltd. (Brand-Streax), PZ Cussons Beauty LLP, Unilever Plc, and Wella Operations US LLC are among the key players operating in the hair color market. The leading players adopt strategies such as mergers and acquisitions and product launches to expand their geographic presence and consumer base.  

Report Spotlights

  • Progressive trends in the hair color industry to help players develop effective long-term strategies
  • Business growth strategies adopted by companies to secure growth in developed and developing markets
  • Quantitative analysis of the global hair color market from 2020 to 2028
  • Estimation of the demand for hair color across various industries
  • Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in the hair color industry
  • Recent developments to understand the competitive market scenario and the demand for hair color  
  • Market trends and outlook, and factors governing the growth of the hair color market, including drivers and restraints
  • Understanding about the strategies that underpin commercial interest into the global hair color market growth, aiding in the decision-making process
  • Hair color market size at various nodes of market
  • Detailed overview and segmentation of the hair color market and its industry dynamics
  • The hair color market size in various regions with promising growth opportunities

The "Hair Color Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global hair color market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The market is segmented on the basis of product type, type, distribution channel, and geography. Based on product type, the market is segmented into permanent, semi-permanent, and temporary. In terms of type, the market is segmented into powder, cream, and others. Based on the distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Based on geography, the market is primarily segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The increased demand for natural and organic hair care along with new product innovations is providing growth opportunities for the hair care market across the world.  

Company Profiles

  • Arctic Fox
  • Coty Inc.
  • Henkel AG & Co. KGaA
  • Kao Singapore Pte Ltd.
  • L’Oreal Groupe
  • Revlon
  • Hygienic Research Institute Pvt. Ltd. (Brand-Streax)
  • PZ Cussons Beauty LLP
  • Unilever Plc
  • Wella Operations US LLC

Frequently Asked Questions

The major players operating in the hair color market are Arctic Fox, Coty Inc., Henkel AG & Co. KGaA, Kao Singapore Pte Ltd., L’Oreal Groupe, Revlon, Hygienic Research Institute Pvt. Ltd. (Brand-Streax), PZ Cussons Beauty LLP, Unilever Plc, and Wella Operations US LLC.
In 2021, Asia-Pacific accounted for the largest share of the global hair color market. An aging population and the changing fashion trends have fueled the growth of the Asia Pacific market in 2021.
In 2021, the permanent segment held the largest market share of the global hair color market. Permanent hair colors do not wash out and they look more natural.
In 2021, the cream segment held the largest market share of the global hair color market. Creams are easy to use and manufacturers are offering hair color creams free of ammonia.
During the forecast period, the online retail segment is expected to be the fastest-growing segment. Increasing adoption of technology is allowing the online retail segment to be more efficient and reachable. Moreover, increasing number of online shoppers is expected to propel the growth of online shopping segment.
Increased incidence of grey hair among the young working population, due to stress and improper diet, is one of the major driving factors driving the market growth. Permanent hair colorants offer long-lasting hair color, due to which they have a high demand among the consumers. Moreover, consumers are shifting towards the organic and natural hair colors. To tackle this challenge, manufacturers are coming up with hair colors that are ammonia free. These are some of the factors driving the hair color market growth.

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
  • Highlights key business priorities to assist companies realign their business strategies.
  • Features key findings and crucial progressive industry trends in the global hair color market, thereby allowing players to develop effective long-term strategies.
  • Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
  • Scrutinizes in-depth market trends as well as key market drivers and restraints.
  • Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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