Business

Hair Color/ Dye Market Analysis & Evolving Opportunities Studied for the Period until 2022

According to the report by Fact.MR, the global hair color market is expected to witness robust growth. The market is estimated to register 9.3% CAGR during the forecast period 2017-2022. Owing to the availability of various hair colors made using the natural or plant-based substance, increasing number of people are applying hair colors. Moreover, regulations on the use of various chemicals in hair colors is also one of the reasons for increasing demand and use of hair color. Following insights show how the global hair color market will perform in the coming years.

Hair color includes various chemical compounds which are mixed together to produce various types of color that can be applied on the hair. Hair colors are of various types such as permanent, semi-permanent, demi-permanent, temporary, bleach highlights. Both chemical and natural hair colors are available in the market, however, the majority of the customers are using natural or organic hair color as they are less damaging to the hair. Meanwhile, chemicals used in hair color can cause various problems such as hair breakage, skin allergy and irritation, skin discoloration, etc.

Due to the various health concerns, people are using natural hair colors instead of chemical hair colors, hence leading market players have also started focusing on producing organic hair colors using different types of herbs. New products in form of kit including all the natural ingredients are also being produced. Hair color producers are also offering other products along with the hair color which helps in maintaining the hair color for a long time such as color-protecting shampoo, conditioners, etc. Production of hair color also differs on the basis of application techniques including off-scalp and on-scalp coloring technique.

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Due to the various health concerns, people are using natural hair colors instead of chemical hair colors, hence leading market players have also started focusing on producing organic hair colors using different types of herbs. New products in form of kit including all the natural ingredients are also being produced. Hair color producers are also offering other products along with the hair color which helps in maintaining the hair color for a long time such as color-protecting shampoo, conditioners, etc. Production of hair color also differs on the basis of application techniques including off-scalp and on-scalp coloring technique.

6 Key Highlights on Global Hair Color Market

North America is expected to remain dominant in the global hair color market. By the end of 2022, North America hair color market is estimated to reach nearly US$ 800 million revenue. Owing to the presence of the major brands and rising number of startups providing various types of hair colors along with the at-home services are some of the factors resulting in the significant growth of the hair color market in North America.

Europe is expected to witness impressive growth in the global hair color market. Meanwhile, Asia-Pacific Excluding Japan (APEJ) is also anticipated to witness healthy growth during the forecast period.

Permanent hair color is expected to emerge as the highly preferred hair color product. Permanent hair color is estimated to reach nearly US$ 1,300 million by the end of 2022.

Compared to chemical hair color, natural hair color is expected to gain more traction in the global hair color market. Accounting for nearly half of the revenue share by the end of 2017, natural hair color is estimated to create an incremental opportunity of over US$ 600 million between 2017 and 2022.

Female hair color is expected to experience significant growth than the male hair color. By the end of 2022, female hair color is estimated to reach nearly US$ 1,200 million revenue.

Sales of hair color through specialty stores is expected to be the highest. Accounting for nearly one-third of the revenue share by the end of 2017, specialty stores are estimated to create an incremental opportunity of over US$ 300 million between 2017 and 2022.

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Arun G

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