Press release
Overview of Segmentation, Market Dynamics, and Competitive Landscape in the Hair Color Market
Hair Color Market
Market Size and Growth Outlook for the Hair Color Market
The hair color market is projected to grow rapidly, reaching a value of $41.37 billion by 2029. This corresponds to a robust compound annual growth rate (CAGR) of 10.4%. Several factors are contributing to this upward trend, including global population increases, greater urbanization, a rise in spa and salon services, growing mergers and acquisitions activity, heightened beauty awareness, and an aging population. Throughout the forecast period, significant trends are expected to include the introduction of virtual hair coloring tools designed for enhanced customer convenience, a growing focus on vegan hair colors that use gentler, less harsh chemicals, the adoption of AI-powered hair dye technologies that improve at-home coloring experiences, and continuous product innovation.
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Key Drivers Fueling Expansion in the Hair Color Market
Population growth worldwide and accelerating urbanization are primary forces behind the rising demand for hair color products. As more people move to urban areas, the availability and use of beauty and personal care services increase, supporting market growth.
Additionally, the expanding number of salons and spas offering hair coloring services further drives demand. Increased consumer awareness regarding beauty and self-care, combined with a growing older population seeking hair color solutions, also play a significant role in stimulating market expansion.
Leading Companies Shaping the Hair Color Market Landscape
The hair color market includes many influential players that dominate the space. Notable companies include L'Oreal SA, Henkel AG & Co. KGaA, Kao Corporation, Godrej Consumer Products Limited, Revlon Inc., The Estee Lauder Companies Inc., Combe Incorporated, Shiseido Company Limited, Mandom Corp, and Aveda Corp. Additional players include 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, 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, and Kenya & Co Hair Salon.
View the full hair color market report:
https://www.thebusinessresearchcompany.com/report/hair-color-global-market-report
Significant Acquisition in the Hair Color Market
A notable transaction occurred in February 2022 when Honasa Consumer, an Indian consumer products manufacturer, acquired the BBLUNT brand from Godrej Consumer Products Limited (GCPL) for INR 1.34 billion ($0.017 billion). This acquisition enables Honasa Consumer to fully control BBLUNT's hair care and styling portfolio, thereby expanding its reach across geography, technology, products, and customer base. BBLUNT is recognized as a premium Indian brand offering hair care, hair color, and styling products.
Emerging Trends Driving Innovation in Hair Color
Innovation in product offerings is a major trend gaining momentum in the hair color market. Leading companies prioritize launching new, innovative hair color products to maintain a competitive edge and meet evolving consumer demands.
For example, in 2022, L'Oreal introduced Copyright, an AI-powered hair color system designed for salon stylists. This technology offers personalized, on-demand hair coloring solutions, addressing challenges related to achieving consistent and accurate color results while reducing complications for colorists.
Core Segments Covered in the Global Hair Color Market
This report breaks down the hair color market into primary segments based on usage, distribution channels, application, and end-user categories:
1) Usage: Permanent Hair Color, Semi-Permanent Hair Color, Demi-Permanent Hair Color, Temporary Hair Color, Hair Highlights, and Bleach
2) Distribution Channel: Offline and Online
3) Application: Total Gray Coverage, Touch-Up For Roots, Gray Highlighting
4) End-User: Male, Female, and Unisex
Subcategories include:
- Permanent Hair Color: Cream and Liquid types
- Semi-Permanent Hair Color: Creams and Liquids
- Demi-Permanent Hair Color: Creams and Gels
- Temporary Hair Color: Hair Chalks and Wash-Out Sprays
- Hair Highlights and Bleach: Highlighting Kits, Bleaching Powders, and Foil Highlights
This segmentation provides a detailed view of the market structure, catering to diverse consumer needs and preferences.
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