Latest News- Hair Color Market: Permanent is expected to lead the Product segment during 2025-2029

The Hair Color Market is being driven by Innovation in product formulation and formats

The Hair Color Market is expected to grow at a CAGR of 6.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 11.44 billion. The hair color market is experiencing a significant shift as consumers increasingly embrace bold and unconventional hues. Social media platforms, particularly Instagram, have played a pivotal role in this trend, exposing users to an array of imaginative and colorful hairstyles. This demand for personalized beauty solutions has prompted manufacturers to expand their product offerings, introducing an array of vibrant and unique hair colors to cater to evolving consumer preferences. Consequently, the global hair color market is poised for robust growth during the forecast period, driven by this trend toward personalized and unconventional hair color choices. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Permanent
  • Semi-permanent
  • Temporary
  • Highlights and bleach
• End-user
  • Women
  • Unisex
  • Men
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Innovation in product formulation and formats
• Rising demand for novelty hair colors leading to segment premiumization
• Influence through social media and blogging

However, the market also witnesses some limitations, which are as follows:

• Limited consumer pool for novelty and premium hair colors in developing countries
• Widespread availability of counterfeit products
• Allergic reactions and other harmful effects of hair color products

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Market Scope in Hair Color Market Research Report

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Research Analysis Overview

The Hair Color market is witnessing significant growth due to urbanization, evolving lifestyles, and increasing popularity of hair highlighting trends. Technological advancements and modernized production methods have led to innovative hair color products, including natural ingredients, that cater to diverse consumer preferences. Emerging nations and the male identifying population are expanding markets for hair colorants. Salon services and tools, along with complementary hair care products like shaving items, deodorants, moisturizers, and facial scrubs, continue to drive sales. However, concerns over ammonia and toxic chemicals have led to a demand for ammonia-free and organic hair color options.

Market Research Overview

The global personal care market encompasses the production and research and development of various consumer goods, including hair color products. Factors driving market growth include the increasing urbanization rate, leading to altered lifestyles and a greater focus on appearance. Technological advancements and modernized production methods have resulted in innovative hair highlighting techniques and an expanding consumer base in emerging nations. Additionally, the correlation between disposable income and luxury spending, such as on hair color, further fuels market expansion. The market size is determined by the collective revenue generated by manufacturers of these products.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/