Industry Background:
Hair colours are primarily used to cover grey hair, and as a symbol of fashion. Initially Henna, Indigo, Turmeric, etc. were used as natural hair colours sooner after they were replaced by Synthetic products. Hair colours are broadly classified in four most common types Viz. Permanent, Demi-Permanent (Also called deposit only), Semi-Permanent, and Temporary. During the recent decades the demand for personal care products has skyrocketed as a result Hair Colours are in high demand, particularly due to the global pandemic which has facilitated the use of home-use products.
According to AMA Research, the market for Hair Colour is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Growing Demand for Natural & Ammonia Free Hair color
.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Personal Products sector in the
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 L’Oreal SA (France), Avon Products Inc. (United States), Revlon Inc. (United States), Combe Inc. (United States), Coty Inc. (United States), Henkel AG & Co. KGaA (Germany), Kao Corp. (Japan), Shiseido Co. Ltd. (Japan), The Estee Lauder Companies Inc. (United States) and Unilever Group (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March, 2018 - L’Oreal Acquired Modiface (Leading Augmented Reality Beauty Company), the Acquisition is Intended to Add Innovation to L’Oreal’s Wide Rnage of Products., and On 3rd January, 2020 - Natura & Co Announced Its Acquisition of Avon Products Inc. This Acquisition Made Natura & Co. World’s Fourth Largest Pure-Play Beauty Group.
In August, 2020 - L’Oréal Launched its New Range of At-Home Hair Colour Service Called “Haircolor Concierge”, Customer is Served Via Text or Video Conferencing with a Trained color Professional along with Virtual Try-on Tools, and On 3rd March, 2021 – Former Revlon Executive, Carlos Barreto, Launched his own hair Color Brand “Cleverman”, a Men’s Hair Color Solution Available Direct-to-consumer via Subscription.Currently key players are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Regulatory Insights:
United Kingdom, “The Cosmetic Products (Safety) (Amendment) Regulations 2010” – The Amendment Presents a Set of Regulations in Accordance to Section 22, Legal Age of any Individual to use Hair Color is 16., and United States Food and Drug Administration (FDA): Banned the use of Certain Compounds Including Lead Acetate in Manufacturing of Cosmetics Intended for Coloring Hair, plus Only FDA Approved Compounds can be used, in case of a New Substance, Application for Clearance must be Deposited.
Influencing Trend:
Increasing Demand for Temporary Hair Color and Popularity of Influencer Fashion
Market Growth Drivers:
Growing Demand for Natural & Ammonia Free Hair color and Rapid Aging Population
Challenges:
Presence of Counterfeit Products
Restraints:
Side Effects Caused Due to Regular Use
Opportunities:
Growing Adoption of Urban Lifestyle and Fast Pace Innovation
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 mainly 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 market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Hair Colour Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Hair Colour Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Hair Colour players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
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
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hair Colour Study Sheds Light on
The Hair Colour Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hair Colour industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hair Colour 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.