Hair Color Market Set for Rapid Growth, to reach Value USD 37.4 Billion by 2026 – ZMR
Global demand for Hair Color market was valued at approximately USD 22.2 Billion in 2019, and is expected to generate revenue of around USD 37.4 Billion by end of 2026, growing at a CAGR of around 7.75% between 2020 and 2026.
New York, United States – October 23, 2020 /MarketersMedia/ —
Zion Market Research has published a new report titled “Hair Color Product Market Type (Powder Hair Color and Crème Form), Usage (Permanent, Semi-Permanent, Temporary, Hair Highlights and Bleach), Composition (Organic/Natural/Herbal, Chemical), Distribution Channel (Online Distribution Channel and Offline Distribution Channel), End-User (Women and Men):Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026” According to the report, global demand for Hair Color market was valued at approximately USD 22.2 Billion in 2019, and is expected to generate revenue of around USD 37.4 Billion by end of 2026, growing at a CAGR of around 7.75% between 2020 and 2026.
Hair color is a compound which is applied to the hair in order to color the hair. Hair coloring is done to cover the grey hair, restore the original hair color, or to highlight the selected portion of the hair, predominantly to make it look more appealing. Along with the millennial generation among whom it’s a trend to color hair with different colors, older people are also adopting hair color in order to cover their grey hair and conceal ageing signs. Hair coloring can be done by a professional hair dresser or independently at home.
The rising use of hair color by the aging population to cover their grey hair is one of the major factors that are supporting the growth of the hair color market. A growing number of the millennial population is embracing trendy fashion which includes coloring the hair in appealing colors. Rising urbanization, changing lifestyles and the rise in disposable income in emerging economies is driving the hair color market. The rising penetration rate of salon and spa services which offer hair color solutions is also one of the major factors for the growth of the market. However, there are some strict regulations laid down by governments with regulates the chemicals used in the production of hair color which is expected to limit the growth of the hair color market. However, the rising concerns of hair health and availability of various treatments for the hair is likely to have a positive impact on the hair color market.
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Hair Color market by segmenting the market based on types, usage, composition, distribution channel and end-user. the type segments covered under this study includes powder hair color and crème form. The usage segments covered under this study includes permanent, semi-permanent, temporary, hair highlights and bleach. The composition segments covered under this study includes organic/natural/herbal, chemical. the distribution channel segments covered under this study includes online distribution channel and offline distribution channel. The end-user segments covered under this study includes women and men. The herbal segment accounted for the highest market share in 2019 due to increasing demand from chemical free herbal colors by the end-user.
Regionally, the Hair Color market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. North America will be the leading region during the forecast period. In terms of geographic regions, the Americas will be the major revenue contributor to the hair color market throughout the forecast period. This can be accounted to the fact that the region has presence of key leading players in and has a increased adoption of hair color products in the region positively influences the market’s growth. Asia Pacific will proliferate at speedy rate over the forecast period due to fast rise in number of spa and salons in the region in the.
The report also includes detailed profiles of key players such as L’Oreal, Synopsis, Coty Inc., KaCorporation, Henkel AG & Company, Godrej Consumer Products, Johnson & Johnson, Revlon, Avon Products, Procter & Gamble, Toni & Guy Hairdressing.
This report segments the Global Hair Color Market as follows:
Global Hair Color Market: Type Analysis
Powder Hair ColorHair Dye
Crème Form
Global Hair Color Market: Usage Analysis
Permanent
Semi-Permanent
Temporary
Hair Highlights
Bleach
Global Hair Color Market: Composition Analysis
Organic/Natural/Herbal
Chemical
Global Hair Color Market: Distribution Channel Analysis
Online Distribution Channel
Offline Distribution Channel
Global Hair Color Market: End-User Analysis
Women
Men
Global Hair Color Market: By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Browse TOC of this Report @ https://www.zionmarketresearch.com/toc/hair-color-product-market
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