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Global Hair Color Market: 30% of Growth to Originate from Europe, Market Driven by Innovation in Product Formulation & Formats - Technavio

·17 min read

NEW YORK , Aug. 8, 2022 /PRNewswire/ -- The  Global Hair Color Market offers a comprehensive analysis of new product launches, the latest trends, and the post-pandemic impact on businesses. The global hair color market value is anticipated to grow by USD 18.09 billion, progressing at a CAGR of 8.21% as per the latest market forecast report by Technavio. 30% of the market's growth will originate from Europe during the forecast period. The UK is the key market for hair color in Europe. Market growth in this region will be slower than the growth of the market in other regions. The intense competition among vendors, leading to the expansion of distribution networks and the adoption of multichannel marketing strategies, especially in Western European countries will facilitate the hair color market growth in Europe over the forecast period.

Technavio has announced its latest market research report titled Hair Color Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026
Technavio has announced its latest market research report titled Hair Color Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026

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Global Hair Color Market - Market Dynamics

  • Major Driver- The key factor driving growth in the global hair color market is the innovation in product formulation and formats. Hair color is available in pre-measured sachets that are convenient to use. The market is driven by innovations in product formulation, composition, and the format through which it is sold in the market. The formulation of hair color is done in two stages. The first stage deals with the development of the product base and the second stage involved the formulation of the desired shade. During the process of the formulation, special attention needs to be given to factors such as dye stability, color wearability on hair, light fading, and the rheology of the product. The innovation is brought about in the shades of the finished product. Presently, most hair color manufacturers produce hair colors that help brighten the hair, contributing to the popularity of the product among consumers. This is followed by hair color variants that claim to be long-lasting, easy to use, and herbal. These innovations have led to an increase in customer acquisition, product visibility, and adoption rate, driving the price quotient of the market.

  • Major Challenges - The limited consumer pool for novelty and premium hair colors in developing countries will be a major challenge for the global hair color market during the forecast period. The global hair color market is flourishing in the developed markets of North America and Europe. This is because a significant proportion of premium and mass segments of end customers are available in this segment. Hence, these markets have a balanced demand for hair colors from different price brackets. Unlike countries in North America and Europe, APAC and MEA do not have an equal distribution of consumer segments. The proportion of mass segment customers in these regions is higher than that of the end-end customers. This results in significant sales of low-priced hair colors in the markets of these regions. However, the sale of premium hair colors and novelty hair colors in APAC and MEA is low due to the low presence of the segment. The low sale of premium hair colors leads to a small revenue turnover. Thus, the value of revenue generated from these regions is low.

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Global Hair Color Market - Vendor Analysis

The global hair color market is fragmented and the vendors are deploying growth strategies such as focusing on product innovations by bringing about the concept of product differentiation and new product developments to compete in the market. The hair color market report provides complete insights on key vendors including Amway Corp., Avon, Cadiveu Professional, Chatters Ltd. Partnership, Coty Inc., The Estee Lauder Co. Inc., Godrej and Boyce Manufacturing Co. Ltd., Henkel AG and Co. KGaA, Hoyu Co. Ltd., John Paul Mitchell Systems, Kao Corp., LOreal SA, Madison Reed Inc., Moroccanoil Inc., NATULIQUE Ltd., NATURIGIN, Revlon Inc., Shiseido Co.Ltd., Surya Brasil, Tints of Nature, Tish and Snookys NYC Inc., and Unilever PLC.

  • Amway Corp. - The company offers color CREATION permanent hair color which has been formulated with natural extracts and conditioners to create a unique blend of ingredients for protecting the scalp and hair.

  • To know about all vendor offerings - Grab a FREE Sample Now!

Global Hair Color Market - Segmentation Analysis

  • By Product, the market is classified into Permanent, Semi-permanent, Temporary, and Highlights and bleach

  • By End Users, the market is classified into Women, Men, and Unisex

  • By Geography, the market is classified as Europe, North America, APAC, South America, the Middle East, and Africa.

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The competitive scenario provided in the  Global Hair Color Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don't wait, Make a strategic approach & boost your business goals with our  Global Hair Color Market Forecast Report -  Buy Now!

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  • The dry shampoo market share is expected to increase to USD 1.42 billion in 2026 from 2021, at a CAGR of 10.49%.

  • The haircare market share in Africa is expected to increase to USD 994.06 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.35%.

Global Hair Color Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.21%

Market growth 2022-2026

USD 18.09 billion

Market structure

Fragmented

YoY growth (%)

7.66

Regional analysis

Europe, North America, APAC, South America, the Middle East, and Africa

Performing market contribution

Europe at 30%

Key consumer countries

US, Japan, China, UK, and Brazil

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amway Corp., Avon, Cadiveu Professional, Chatters Ltd. Partnership, Coty Inc., The Estee Lauder Co. Inc., Godrej and Boyce Manufacturing Co. Ltd., Henkel AG and Co. KGaA, Hoyu Co. Ltd., John Paul Mitchell Systems, Kao Corp., LOreal SA, Madison Reed Inc., Moroccanoil Inc., NATULIQUE Ltd., NATURIGIN, Revlon Inc., Shiseido Co.Ltd., Surya Brasil, Tints of Nature, Tish and Snookys NYC Inc., and Unilever PLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio "Consumer Staples Market" Research Reports

Table of Content

1 Executive Summary

  • 1.1 Market Overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2021

  • 3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

  • 4.1 Five forces summary

  • 4.2 Bargaining power of buyers

  • 4.3 Bargaining power of suppliers

  • 4.4 Threat of new entrants

  • 4.5 Threat of substitutes

  • 4.6 Threat of rivalry

  • 4.7 Market condition

5 Market Segmentation by Product

  • 5.1 Market segments

  • 5.2 Comparison by Product

  • 5.3 Permanent - Market size and forecast 2021-2026

  • 5.4 Semi-permanent - Market size and forecast 2021-2026

  • 5.5 Temporary - Market size and forecast 2021-2026

  • 5.6 Highlights and bleach - Market size and forecast 2021-2026

  • 5.7 Market opportunity by Product

6 Market Segmentation by End-user

  • 6.1 Market segments

  • 6.2 Comparison by End-user

  • 6.3 Women - Market size and forecast 2021-2026

  • 6.4 Men - Market size and forecast 2021-2026

  • 6.5 Unisex - Market size and forecast 2021-2026

  • 6.6 Market opportunity by End-user

7 Customer Landscape

  • 7.1 Customer landscape overview

8 Geographic Landscape

  • 8.1 Geographic segmentation

  • 8.2 Geographic comparison

  • 8.3 Europe - Market size and forecast 2021-2026

  • 8.4 North America - Market size and forecast 2021-2026

  • 8.5 APAC - Market size and forecast 2021-2026

  • 8.6 South America - Market size and forecast 2021-2026

  • 8.7  The Middle East and Africa - Market size and forecast 2021-2026

  • 8.8 US - Market size and forecast 2021-2026

  • 8.9 Brazil - Market size and forecast 2021-2026

  • 8.10 Japan - Market size and forecast 2021-2026

  • 8.11 UK - Market size and forecast 2021-2026

  • 8.12 China - Market size and forecast 2021-2026

  • 8.13 Market opportunity by geography

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers

  • 9.2 Market challenges

  • 9.3 Impact of drivers and challenges

  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview

  • 10.2 Vendor landscape

  • 10.3 Landscape disruption

  • 10.4 Industry risks

11 Vendor Analysis

  • 11.1 Vendors covered

  • 11.2 Market positioning of vendors

  • 11.3 Amway Corp.

  • 11.4 Chatters Ltd. Partnership

  • 11.5 Coty Inc.

  • 11.6 The Estee Lauder Co. Inc.

  • 11.7 Godrej and Boyce Manufacturing Co. Ltd.

  • 11.8 Henkel AG and Co. KGaA

  • 11.9 John Paul Mitchell Systems

  • 11.10 Kao Corp.

  • 11.11 LOreal SA

  • 11.12 Madison Reed Inc.

12 Appendix

  • 12.1 Scope of the report

  • 12.2 Inclusions and exclusions checklist

  • 12.3 Currency conversion rates for US$

  • 12.4 Research methodology

  • 12.5 List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

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Email: media@technavio.com
Website: www.technavio.com/

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