About Hair Color
Hair color, a compound that is applied to the hair so as to color the hair. Hair coloring is used to cover the grey hair, retain the original hair color, as well as to highlight the selected portion of the hair, mainly to make it look more appealing. The hair color is widely adopted among the young generation, whom it’s a trend to color hair with different colors. Also, it is gaining popularity among older people in order to cover their grey hair as well as conceal ageing signs. Hair coloring can be done by a professional hair dresser as well as independently at home. The growing adoption among people is likely to impel the market growth over the coming years.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that France, German, and United States Vendors will contribute the maximum growth to Global Hair Color market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
L'Oréal S.A (France), Henkel AG & Company, KGaA (Germany), Kao Corporation (Japan), Coty, Inc (United States), Avon Products, Inc (United Kingdom), The Estée Lauder Companies Inc. (United States), Godrej Consumer Products Limited (India), Revlon, Inc. (United States), Shiseido Company, Limited (Japan) and Procter & Gamble (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mascolo Ltd (United Kingdom), Aroma Cosmetics AD (Bulgaria) and Wella AG (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Hair Color market by Type (Temporary Hair Color and Permanent Hair Color), Application (Total Gray Coverage, Touch-Up For Roots, Grays Highlighting and Others) and Region.
On the basis of geography, the market of Hair Color has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End Users, the sub-segment i.e. Male will boost the Hair Color market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hypermarket/Supermarket will boost the Hair Color market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Trend among the Young Population to Match Hair Color According To the Outfits
Market Growth Drivers:
Growing Adoption for Hair Color among People, Rising Income and Improving Lifestyles and Increasing Penetration Rate of Salon and Spa Services
Challenges:
Volatility in Raw Material Prices
Restraints:
Strict Regulations by Governments With Respect To the Chemicals Use in the Production of Hair Color
Opportunities:
Focus on Environmentally-Friendly Hair Color and Growing Opportunities in Emerging Markets
Market Leaders and their expansionary development strategies
In May 2023, DSM and Firmenich announced that the companies entered into a business combination agreement, the two have confirmed the successful merger as dsm-Firmenich.
In May 2023, Leading global performance footwear and apparel brand Saucony today announced that it is partnering with Galen College of Nursing, one of America's largest educators of nurses, to introduce the NIL Student Nurse Initiative, the first-ever NIL (Name, Image, Likeness) program developed exclusively for nursing students. This groundbreaking program, created in partnership with full-service advertising agency Doner, aims to recognize, support, and celebrate the incredible achievements of this essential next generation of nurses as they prepare to embark on their critically important career journey.
“In October 2018, The United States Food and Drug Administration (FDA) is amending the color additive regulations to no longer provide for the use of lead acetate in cosmetics intended for coloring hair on the scalp because new data available since lead acetate was permanently listed demonstrate that there is no longer a reasonable certainty of no harm from the approved use of this color additive. This final rule is in response to a color additive petition, filed on February 24, 2017.”
Key Target Audience
Hair Color Manufacturers, Raw Materials Suppliers, Government and Research Organizations, Industry Associations, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.