Global Hair Color Market is valued at approximately USD 24.27 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2023-2030. Hair Color is the product which when applied by users on their hair it comes off with a different color or vibrant shades. The Hair Color Market is expanding because of factors such as the Increasing concern of people for their physical appearance and the rising influence of social media platforms. However, People's concern about chemicals used in hair color as well as high prices of hair color market tends to lower the market growth.
The Hair Color Market is rising with the rising concern of people about their physical appearance, people are more concerned about how they look and what people think of their looks. With this rising concerns about physical appearance influenced by social media the market tends to grow. As according to Statista 2023 the penetration rate of social media is expected to grow by 11.6% over the forecasted period. Moreover, 86% of industry professionals said that increased exposure was the leading benefit of using social media as a marketing tool. According to Statista 2023, In 2022, social media ad spending stood at approximately USD 230 billion, with spending expected to surpass the 300-billion-dollar mark by 2024. Moreover, Concern of people for their hair is increasing and with this people are avoiding chemical-based products which can ruin their hair because of this organic hair care market is predicted to grow by USD 2.99 billion in forecasted period according to Statista 2022. With growth of hair care market there will be growth in sales of hair color products manufactured by using organic ingredients. Additionally, hair color products are mostly used by the ageing or elderly population so increase in the rate of ageing population which according to Statista 2023 is 10% of the country's population was over the age of 60 years in 2021 which leads to increase in sales of hair color products which is an opportunity for this market.
The key regions considered for the Global Hair Color Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022, growth of per capita income in developing countries and increase in consumer spending over premium hair color products. Additionally, growth of personal care industry in this market act as a driver for this market. Europe is expected to grow significantly over the forecast period, owing to factors such as presence and strong sales of market players in this region such as Loreal S.A., Coty Inc., Revlon, Inc. and more. Moreover, availability of products at offline retail chains.
Major market player included in this report are:
- Henkel AG & Co. KGaA
- L'Oreal S.A
- Mandom corp.
- Wella Company
- Revlon Inc.
- Avon Products Inc.
- Unilever PLC
- Coty Inc.
- Kao Corporation
- Godrej Consumer Products Limited
Recent Developments in the Market:
- In March 2023, Henkel Opened "J-beauty innovation hub" in Tokyo. This hub accelerates the long-lasting expertise of Schwarzkopf and Shiseido Professional. This hub provides hair professional business and with that it trends as a premium scalp and hair care, styling, and hair loss solution.
- In June 2022, Loreal launched L'Oreal Paris Men Expert One-Twist Hair Color. It is brands first organic hair color product. This product is easy to use and cover all the grey hair more quickly and easily, this ease to use and free from chemical feature tends to increase the sales of Loreal.
- In December 2021, Loreal Signed acquired Youth to the People an American skincare company in California, this acquisition might increase sales of Loreal with that the brand recorded over approx. USD 50 Million of sales in 2021.
Global Hair Color Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Product, End User, Distribution Channel, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
- Permanent
- Temporary
- Others
By End user:
By Distribution Channel:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Hair Color Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Hair Color Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Hair Color Market, by End User, 2020-2030 (USD Billion)
- 1.2.4. Hair Color Market, by Distribution Channel, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Hair Color Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Hair Color Market Dynamics
- 3.1. Hair Color Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Concern of population for their physical appearance
- 3.1.1.2. Impact of social media platform on growing population
- 3.1.2. Market Challenges
- 3.1.2.1. Allergies and side effect from Chemicals used in products
- 3.1.2.2. Expensive prices of hair colour products
- 3.1.3. Market Opportunities
- 3.1.3.1. Innovation of organic and new hair colour products
- 3.1.3.2. Growth of ageing population
Chapter 4. Global Hair Color Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Hair Color Market, by Product
- 5.1. Market Snapshot
- 5.2. Global Hair Color Market by Product, Performance - Potential Analysis
- 5.3. Global Hair Color Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
- 5.4. Hair Color Market, Sub Segment Analysis
- 5.4.1. Permanent
- 5.4.2. Temporary
- 5.4.3. Others
Chapter 6. Global Hair Color Market, by End User
- 6.1. Market Snapshot
- 6.2. Global Hair Color Market by End User, Performance - Potential Analysis
- 6.3. Global Hair Color Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
- 6.4. Hair Color Market, Sub Segment Analysis
Chapter 7. Global Hair Color Market, by Distribution Channel
- 7.1. Market Snapshot
- 7.2. Global Hair Color Market by Distribution Channel, Performance - Potential Analysis
- 7.3. Global Hair Color Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
- 7.4. Hair Color Market, Sub Segment Analysis
- 7.4.1. Online
- 7.4.2. Offline
Chapter 8. Global Hair Color Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Hair Color Market, Regional Market Snapshot
- 8.4. North America Hair Color Market
- 8.4.1. U.S. Hair Color Market
- 8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. End User breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Distribution Channel breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Hair Color Market
- 8.5. Europe Hair Color Market Snapshot
- 8.5.1. U.K. Hair Color Market
- 8.5.2. Germany Hair Color Market
- 8.5.3. France Hair Color Market
- 8.5.4. Spain Hair Color Market
- 8.5.5. Italy Hair Color Market
- 8.5.6. Rest of Europe Hair Color Market
- 8.6. Asia-Pacific Hair Color Market Snapshot
- 8.6.1. China Hair Color Market
- 8.6.2. India Hair Color Market
- 8.6.3. Japan Hair Color Market
- 8.6.4. Australia Hair Color Market
- 8.6.5. South Korea Hair Color Market
- 8.6.6. Rest of Asia Pacific Hair Color Market
- 8.7. Latin America Hair Color Market Snapshot
- 8.7.1. Brazil Hair Color Market
- 8.7.2. Mexico Hair Color Market
- 8.8. Middle East & Africa Hair Color Market
- 8.8.1. Saudi Arabia Hair Color Market
- 8.8.2. South Africa Hair Color Market
- 8.8.3. Rest of Middle East & Africa Hair Color Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Henkel AG & Co. KGaA
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. L'Oreal S.A
- 9.3.3. Mandom corp.
- 9.3.4. Wella Company
- 9.3.5. Revlon Inc
- 9.3.6. Avon Products Inc.
- 9.3.7. Unilever PLC
- 9.3.8. Coty Inc.
- 9.3.9. Kao Corporation
- 9.3.10. Godrej Consumer Products Limited
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption