Global Hair Color Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Permanent Hair Color, Demi-Permanent Hair Color, Semi-Permanent Hair Color, Temporary Hair Color, and Root-Touch-Up), By Category (Conventional and Natural & Organic), By End User (Men, Women, and Unisex), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Global Hair Color Market Insights Forecasts to 2033

• The Global Hair Color Market Size was Valued at USD 4.23 Billion in 2023
• The Market Size is Growing at a CAGR of 6.49% from 2023 to 2033
• The Worldwide Hair Color Market Size is Expected to Reach USD 7.93 Billion by 2033
• Europe is expected to grow the fastest during the forecast period.

The Global Hair Color Market Size is anticipated to exceed USD 7.93 billion by 2033, growing at a CAGR of 6.49% from 2023 to 2033. Growing fashion trends and significant product innovation in terms of formats and formulations drive growth in the hair colour market.

Market Overview

Hair color refers to a cosmetic technique or product that alters or improves hair color. There are various colors types of hair color available. Hair coloring can be done at home by oneself or by a professional hairdresser. The ombre hair technique, which makes the bottom of the hair appear lighter than the top, is a popular hair color trend these days. Other hair coloring trends include dyeing the entire hair or just a portion of it, known as highlighting. Hair colors and related products would be in higher demand due to growing hair-highlight trends, shifting lifestyles, an expanding salon services market, and new salon gadgets that make utilizing hair care products easier. An important additional factor driving the growth of the hair color market is the increase in consumer hair-related issues. Further, the market is driven by innovations in the creation, content, and format of products for sale.      

Report Coverage

This research report categorizes the hair color market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the hair color market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the hair color market.

Driving Factors

Numerous significant variables, such as the growing rate of urbanization, shifting lifestyles, the growing popularity of hair highlighting, and worries about the condition of one's hair, are driving the hair color market. The considerable rise in the popularity of hair coloring, coupled with the aging of the world's population, is one of the primary factors driving the growth of the hair color market during the forecast period. Significant product innovation in product formulation and formats, together with growing fashion trends, are further factors driving the growth of the hair color market.   

Restraining Factors

The awareness about the adverse effects associated with the frequent hair dye use is anticipated to restrict the growth of the hair color market.  

Market Segmentation

The hair color market share is classified into product type, category, and end user.   

• The permanent hair color segment is estimated to hold the largest market revenue share through the projected period.  

Based on the product type, the hair color market is classified into permanent hair color, demi-permanent hair color, semi-permanent hair color, temporary hair color, and root-touch-up. Among these, the permanent hair color segment is estimated to hold the largest market revenue share through the projected period. Permanent hair color is a long-lasting product that gives hair a perceptible color change by penetrating the cortex and cuticle. It provides long-term advantages that continue till new hair grows.

• The conventional segment is anticipated to hold the largest market share through the forecast period.

Based on the category, the hair color market is divided into conventional and natural & organic. Among these, the conventional segment is anticipated to hold the largest market share through the forecast period. Products with standard formulations that use artificial chemicals like ammonia and peroxide are known as conventional hair color.

• The women segment is anticipated to hold the largest market share through the forecast period.

Based on the end user, the hair color market is divided into men, women, and unisex. Among these, the women segment is anticipated to hold the largest market share through the forecast period. The availability of hair care products designed especially for women, growing hairstyle trends, and women's focus on hair care compared to other demographic groups are all factors driving the market.   

Regional Segment Analysis of the Hair Color Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the hair color market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the hair color market over the predicted timeframe. Consumer knowledge of product use and spending on lifestyle products are expected to increase in the Asia Pacific hair color market. Manufacturers are introducing new products in these countries which aid the market growth in the region. China was the market leader in the Asia-Pacific region and is expected to remain so for the duration of the research. However, over the projected period, the Indian market is expected to develop at the fastest rate, 7.00%.  

Europe is expected to grow at the fastest CAGR growth of the hair color market during the forecast period. The European hair color market is the result of the introduction of new products by the manufacturers in these countries, which aids in the market growth in the region. Additionally, the UK hair color market grew at the quickest rate in the European region, while the Germany market held the largest market share. Another element propelling the European hair cosmetics market is the existence of a well-established offline retail network. 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the hair color market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• L'Oréal S.A.
• Combe Incorporated
• Avon Products Inc.
• Shiseido Company, Limited
• Kao Corporation
• Unilever PLC
• Godrej Consumer Products Limited
• Henkel AG & Co. KGaA
• Hoyu Co. Ltd
• Revlon Inc.
• Coty Inc.
• Davines S.p.A
• Estée Lauder Companies Inc.
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In September 2024, Huemagic, Streax Professional's newest no-ammonia hair color invention, was launched. The company is recognized for its innovation and leadership in the salon products sector.  
• In July 2024, the "Up Your Hair Game" campaign was launched by Schwarzkopf Professional in conjunction with the reintroduction of Igora Vibrance Demi-Permanent Color. Athletes Venus Williams, Aly Raisman, and Megan Blunk are featured in the campaign, along with the celebrity colorists Brendnetta Ashley, Carly Zanoni, and Devyn Pennell who did their hair makeovers.    

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the hair color market based on the below-mentioned segments: 

Global Hair Color Market, By Product Type  

• Permanent Hair Color
• Demi-Permanent Hair Color
• Semi-Permanent Hair Color
• Temporary Hair Color
• Root-Touch-Up

Global Hair Color Market, By Category

• Conventional
• Natural & Organic

Global Hair Color Market, By End User

• Men
• Women
• Unisex

Global Hair Color Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa