A new study on global hair color market brings interesting insights to the fore. According to the research study, hair color sales continue to be massively influenced by ongoing fashion trends. The key insights from the Fact.MR study on hair color market are,
1- 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.
2- 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.
3- 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.
4- 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.
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5- 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.
6- 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.
The report also offers a detailed profile of all the leading players in the global market for hair color, which will remain active through 2022. These include companies such as Henkel AG & Co. KGaA, Kao Corporation, L’Oréal S.A, Coty Inc., Avon Products, Inc., Combe Incorporated, Estee Lauder Cos., Inc., Godrej Consumer Products Limited, Shiseido Company, Limited, and Revlon, Inc.
New hair color trends are on a rise. People around the world are using hair colors to cover the grey hair and is also becoming a way to get a new look. Manufacturers are focusing on providing new colors including permanent, semi-permanent and temporary hair color. Meanwhile, with rising number of consumers moving towards using natural products and due to adverse effects of chemical products, manufacturers are also using natural herbs for various colors instead of colors with chemicals. This report, compiled by Fact.MR, provides in-depth analysis of the global hair color market for the forecast period 2017-2022, and offers key insights about future market direction.
Scope
The scope of Fact.MR’s report is to analyze the global hair color market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Hair color manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to hair color.
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The report offers an overview of the global hair color market. This comprises an introduction to the market, along with a standard definition of the product – hair color. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
Considering the broad scope of the global hair color market, the report provides in-depth and segment-wise analysis and forecast. The global hair color market is segmented on the basis of product type, nature, gender, distribution channel, and region. This segmentation also offers detailed country-wise analysis on all the key parameters of the hair color market.
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