DUBLIN--(BUSINESS WIRE)--The "Hair Color Global Market Report 2022" has been added to ResearchAndMarkets.com's offering.
The global hair color market is expected to grow from $19.33 billion in 2021 to $20.98 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The hair color market is expected to grow to $29.01 billion in 2026 at a CAGR of 8.4%.
North America was the largest region in the hair color market in 2021. The regions covered in this hair color market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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 salons and spa services across the globe. The salon and spa services provide customized hair color services to customers to improve their appearance.
For instance, In January 2020, according to Zolmi, a salon software company, there were around 80,000 salons in the USA, and the salon industry generated revenue of $20 billion with 14.3% ($2.86 billion) retail sales of hair colors. Therefore, an increase in spa and salon services is driving the growth of the hair care market.
Product innovations are the key trend gaining popularity in the hair color market. Major companies operating in the hair color market are focused on developing new and innovative hair color products to strengthen their positions. For instance, in 2022, L'Oreal, a cosmetics and haircare company, launched Copyright. Copyright is a salon stylist-friendly AI-connected hair color system that provides on-demand, personalized hair color. It solves the challenges of getting the correct and consistent color allowing colorists to minimize their complications.
In February 2022, Honasa Consumer, an India-based consumer product manufacturing company, acquired the BBLUNT brand from Godrej Consumer Products Limited (GCPL) for an amount of INR 1.34 billion (US$ 0.017 billion). This acquisition will help Hosana Consumers to completely own BBLUNT's hair care and styling products business to expand their geographical, technological, product, and customer base. BBLUNT is an India-based brand that provides premium hair care, hair color, and styling products.
The main types of usages of the hair color market are permanent hair color, semi-permanent hair color, temporary hair color, and hair highlights and bleach. Permanent hair color works by interacting with the natural pigment of the hair and changing the hair's structure.
The dyes in permanent hair color are actually tiny colorless molecules. The distribution channels are offline and online. The applications involved are total grey coverage, root touch-up, and highlighting. The various end-users included are male, female, and unisex.
Major players in the hair color market are
- Henkel AG and Co. KGaA
- Coty Inc.
- L'Oreal SA
- Kao Corporation
- Avon Products
- Revlon Inc.
- The Estee Lauder Companies Inc.
- Godrej Consumer Products Limited
- Unilever Group
- Combe Incorporated
- Conair Corporation
- New Avon Co.
- Procter & Gamble
- Shiseido Company Limited
- Hoyu Co. Ltd.
Key Topics Covered:
1. Executive Summary
2. Hair Color Market Characteristics
3. Hair Color Market Trends And Strategies
4. Impact Of COVID-19 On Hair Color
5. Hair Color Market Size And Growth
5.1. Global Hair Color Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Hair Color Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Hair Color Market Segmentation
6.1. Global Hair Color Market, Segmentation By Usage, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Permanent Hair Color
- Semi-Permanent Hair Color
- Temporary Hair Color
- Hair Highlights And Bleach
6.2. Global Hair Color Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Offline
- Online
6.3. Global Hair Color Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Total Gray Coverage
- Touch-Up For Roots
- Grays Highlighting
6.4. Global Hair Color Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Male
- Female
- Unisex
7. Hair Color Market Regional And Country Analysis
7.1. Global Hair Color Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Hair Color Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
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