Industry Background:
Hair dye, a fashionable trend, provides an additional dimension to an individual’s style statement. Rise in the ageing population is the key factor driving the demand of the hair dye market around the globe. In Europe, around 70% women and 10% of men use some form of hair dyes. Similarly, in the United States over 75% of women use some kind of hair dye. The growing trend of color hair is increasing the sales of hair dying
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Henkel (Germany), Garnier (France), Kao (Japan), L’Oréal (France), Goldwell (united States), Wella (Germany), Clairol (United States), Coty (United States), Avon Products (U.K.), HOYU (Singapore), Combe Incorporated (United States), Conair Corporation (United States), Estée Lauder (United States), Godrej (India), Revlon (United States), Shiseido (Japan) and World Hair Cosmetics (Asia) |
According to AMA, the market for Permanent Hair Dye is expected to register a CAGR of 8.63% during the forecast period to 2028. This growth is primarily driven by Growing number of professional salon and spa centers and Innovation in product formulation and formats.
Globally, a noticeable market trend is evident Consumer inclination towards organic hair dye solution
The Apparel, Accessories & Luxury Goods sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Henkel (Germany), Garnier (France), Kao (Japan), L’Oréal (France), Goldwell (united States), Wella (Germany), Clairol (United States), Coty (United States), Avon Products (U.K.), HOYU (Singapore), Combe Incorporated (United States), Conair Corporation (United States), Estée Lauder (United States), Godrej (India), Revlon (United States), Shiseido (Japan) and World Hair Cosmetics (Asia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Permanent Hair Dye market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
Henkel acquire Shiseido's US professional hair care. The acquisition comprises leading hair professional brand such as Joico and Zotos Professional.
In 2017, as per the study by the National Cancer Institute, around 35% of women above 18 years use some kind of hair color products. These hair dye products constitute over 5,000 different chemicals out of which few of them are carcinogenic. Moreover, government is implementing strategies and cosmetic regulations avoid any health risk.
Regulatory Insights:
European Commission Cosmetics Directive (ECCD), U.S. Food and Drug Administration (FDA) and China Food and Drug Administration (CFDA) are focusing on strengthening their position in the personal care ingredients market through expansions, acquisitions, and new product launches. ECCD has been implementing assessments for consumer products and these assessments are conducted by Scientific Committee on Consumer Safety (SCCS). SCCS has banned more than 180 ingredients used in hair colors and over 100 ingredient
Influencing Trend:
Consumer inclination towards organic hair dye solution and High disposable incomes and innovation in product formulations
Market Growth Drivers:
Growing number of professional salon and spa centers and Innovation in product formulation and formats
Challenges:
Sustainable packaging and To Counter negative perception about long term effectiveness of these products
Restraints:
Growing market for counterfeit products and High cost of hair dye products
Opportunities:
High growth potential from emerging economies, Growing hair care awareness among people and Cost effective hair dye offerings
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Permanent Hair Dye Market
- Analysis about New Entrants in Permanent Hair Dye Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Permanent Hair Dye Study Sheds Light on
The Permanent Hair Dye Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Permanent Hair Dye industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Permanent Hair Dye industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.