Hair Color Industry Overview
The global hair color market size was valued at USD 23.15 billion in 2021 and is anticipated to register a CAGR of 5.7% from 2022 to 2028.
The substantial growth in the popularity of hair coloring coupled with the rise in the aging population across the globe is one of the major factors that will propel the market growth during the forecast period. Along with that, the rising fashion trends and significant product innovation in product formulation and formats further contribute to the growth of the market. However, the side effects of regular usage of hair dye are further projected to restrain the market growth during the forecast period.
Gather more insights about the market drivers, restrains and growth of the Global Hair Color Market
Moreover, rising brand recognition and influence of hair coloring products through social platforms are further projected to propel the market growth during the forecast period. The increasing awareness regarding the hair color ingredients and their effects on the hair further supports the inclination of consumers, that further propels the market growth. The aging population further creates significant growth in the market as the aged people mostly use hair dye to recolor their hair. Additionally, the growing trend toward organic hair color products across the globe is further projected to provide a substantial opportunity to the market in the near future.
The COVID-19 pandemic has negatively impacted the global hair color market due to the disruption in the supply chain, manufacturing, and government restrictions on opening retail stores across the globe. Moreover, the major players in the market experienced a decline in the sales revenue of hair color products during the COVID-19 pandemic, which further impacted the market. For instance, L'Oréal S.A. reported that hair coloring net sales decreased around 7.0% in fiscal 2020 due to the challenging environment as a result of the COVID-19 pandemic. However, the global hair color market is projected to recover in the future and witness strong growth due to resumed activities, sales, trade, and manufacturing across the globe.
Browse through Grand View Research's Beauty & Personal Care Industry Research Reports.
- Hair And Scalp Care Market – The global hair and scalp care market size was valued at USD 80.81 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2021 to 2028. Growing concerns among consumers and the availability of new, more effective, and safer hair care products have led to a significant increase in the use of these products, which, in turn, boosted the market growth.
- Hair Wigs And Extensions Market – The global hair wigs and extensions market size was valued at USD 6.13 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 8.0% over the forecast period. The growing prevalence of hair-related problems, such as alopecia, across the globe, is the key factor propelling industry growth.
Hair Color Market Segmentation
Grand View Research has segmented the hair color market based on product, end-user, distribution channel, and region:
Hair Color Product Outlook (Revenue, USD Million, 2017 – 2028)
Hair Color End-User Outlook (Revenue, USD Million, 2017 – 2028)
Hair Color Distribution Channel Outlook (Revenue, USD Million, 2017 – 2028)
Hair Color Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
Key Companies profiled:
Some prominent players in the global hair color market include
- Coty Inc.
- L'Oréal S.A.
- Estée Lauder Companies Inc.
- Revlon, Inc.
- Avon Products Inc.
- Unilever PLC
- Shiseido Company, Limited
- Procter & Gamble
- Combe Inc.
- Henkel AG & Co. KGaA
- Kao Corp
- Hoyu Co., Ltd.
Order a free sample PDF of the Hair Color Market Intelligence Study, published by Grand View Research.
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