Key players in the hair coloring market are Henkel AG and Co. KGaA, Coty Inc, L’Oreal SA, Kao Corporation, Avon Products, Revlon Inc, The Estée Lauder Companies Inc, Godrej Consumer Products Limited, Unilever Group, Combe Incorporated , Conair Corporation, New Avon Co, Procter & Gamble, Shiseido Company Limited and Hoyu Co.
New York, Sept. 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of “Hair Color Global Market Report 2022” – https://www.reportlinker.com/p06319453/?utm_source=GNW
The global hair dye market is expected to grow from $19.33 billion in 2021 to $20.98 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The hair dye market is expected to reach $29.01 billion in 2026 at a CAGR of 8.4%.
The hair coloring market consists of the sale of hair coloring products by entities (organizations, independent traders and partnerships) that are used to cover gray hair, restore the original hair color and modify the structure and color hair. Hair color refers to coloring hair to highlight the hairs and improve the overall appearance of the hairs and make them more attractive.
Hair color creates hues that reflect light and make hair more vibrant and bouncy.
The main types of hair color market uses are permanent hair color, semi-permanent hair color, temporary hair color, highlights and bleach. Permanent hair color works by interacting with the natural hair pigment and changing the structure of the hair.
The dyes in permanent hair color are actually tiny, colorless molecules. Distribution channels are offline and online.
Affected applications are full gray coverage, root touch-up and highlighting. The different end users included are male, female, and unisex.
North America was the largest hair color market region in 2021. Regions covered in this hair color market report are Asia-Pacific, Western Europe, Eastern Europe, East, North America, South America, Middle East and Africa.
The Hair Color Market research report is part of a series of new reports that provide statistics on the Hair Color market, including the global market size of the Hair Color industry , regional shares, competitors holding Hair Color market share, detailed Hair Color market segments, market trends and opportunities. , and any other data you may need to thrive in the hair coloring industry. This Hair Color Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The increase in spa and salon services is expected to propel the growth of the hair coloring market in the future. An increase in spa and salon services refers to an increase in the number of salons and spa services around the world.
Salon and spa services provide personalized hair coloring services to clients to enhance their appearance. For example, in January 2020, according to Zolmi, a saloon software company, there were approximately 80,000 saloons in the United States, and the salon industry generated $20 billion in revenue with 14.3% ( $2.86 billion) in hair color retail sales. Hence, an increase in spa and salon services is driving the growth of the hair care market.
Product innovations are the key trend gaining popularity in the hair coloring market. Major companies operating in the hair coloring market are focusing on developing new and innovative hair coloring products to strengthen their positions.
For example, in 2022, Loreal, a cosmetics and hair care company, launched Copyright.Copyright is an AI-connected hair color system tailored to salon stylists that provides personalized hair color on demand.
It solves the challenges of getting color correct and consistent allowing colorists to minimize their complications.
In February 2022, Honasa Consumer, an India-based consumer products manufacturing company, acquired the BBLUNT brand from Godrej Consumer Products Limited (GCPL) for INR 1.34 billion (USD 0.017 billion). This acquisition will help Hosana Consumers fully own BBLUN’s hair care and styling products business to expand its geographic, technology, product and customer base. BBLUNT is an India-based brand that offers top quality hair care, color and styling products.
Countries covered in the Hair Color market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea , the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06319453/?utm_source=GNW
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