Hair color industry set to surge $20.39B between 2022-2027. Growth fueled by product innovation and format advancements – Technavio

The hair color market is poised for substantial growth, with Technavio projecting a USD 20.39 billion increase from 2022 to 2027. During the forecast period, the market is expected to maintain a growth momentum of 8.54% CAGR. The primary drivers behind this growth include innovation in product formulation and formats. Despite these positive trends, challenges such as a limited consumer base for novelty and premium hair colors in developing nations may hinder the overall market expansion. To provide a comprehensive overview, the market is categorized by product type (permanent, semi-permanent, temporary, highlights, and bleach), end-user (women, unisex, and men), and geography (Europe, North America, APAC, South America, and the Middle East and Africa).

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Key Segment Analysis: The permanent hair color segment is anticipated to experience significant market share growth. This is attributed to the oxidation process involved in permanent hair color, which typically contains oxidizers like hydrogen peroxide or ammonia. Manufacturers are focused on ensuring long-lasting color retention without compromising the hair’s strength and elasticity. A variety of natural shades are available for permanently colored hair, with global suppliers offering low-maintenance, durable options.

For more detailed highlights and key points on various market segments, including their anticipated impact in the coming years, refer to the Free PDF Sample Report.

Geographical Market Analysis: Europe is expected to contribute 30% to the global hair color market’s growth during the forecast period, with key contributions from the UK, France, and Germany. Major suppliers in the region include LOreal SA, Unilever Group, Henkel AG & Co. KGaA, and New Avon Company. The market in Western European countries is characterized by high competition among retailers, driven by expanded distribution networks and the adoption of multichannel marketing strategies. Factors such as high consumer disposable income, purchasing power parity, and per capita earnings contribute to the region’s elevated income levels.

Company Insights: The hair color market exhibits fragmentation, with companies employing both organic and inorganic growth strategies to stay competitive. The report delves into the market’s competitive landscape and provides information on key market players, including Amway Corp., Cadiveu Professional, Chatters GP Inc., Coty Inc., Godrej and Boyce Manufacturing Co. Ltd., Henkel AG and Co. KGaA, John Paul Mitchell Systems, Kao Corp., LOreal SA, Madison Reed Inc., Moroccanoil Inc., NATULIQUE Ltd., NATURIGIN, Revlon Inc., Surya Brasil, The Estee Lauder Companies Inc., Tints of Nature, Tish and Snooky NYC Inc., Natura and Co Holding SA, and Shiseido Co. Ltd.

To explore further highlights on companies’ growth strategies and product offerings, access the Free PDF Sample Report.

Related Reports:

The Hair Care Market size is projected to increase by USD 19,677.67 million and the market size is estimated to grow at a CAGR of 4.18% between 2022 and 2027.

The hair wigs and extension market size is projected to increase by USD 5,892.01 million and the market size is estimated to grow at a CAGR of 9.34% between 2022 and 2027.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by End-user

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio Research

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.