The global hair dye market is anticipated to be valued US$ 22.25 billion in 2023. The market is estimated to reach US $35.22 billion by 2033, increasing at a 4.7% CAGR between 2023 and 2033.
Because of its growing appeal across many races and age groups worldwide, hair color accounts for a sizable percentage of the global hair care business. Many older citizens tint their graying hair using hair dye. The younger generation adopts a variety of hair colors as a result of their curiosity in new fashion trends.
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The target business has risen substantially over the previous half-decade because to the diverse applications of hair color. Customers use several types of hair dyes to boost their health by altering hues and concealing outdated appearances. The increasing brand awareness, as well as the influence of various hair coloring products through various social media platforms, are likely to fuel market development potential.
Customers are drawn to the target market as their interest in organic hair color components and their impact on hair grows, which is expected to improve sales. Furthermore, manufacturers are seeking to combine natural hair color ingredients, which are predicted to give promising development over the next 10 years.
Key Players:
- Godrej Consumer Products Ltd.
- L’Oreal Paris
- Revlon Inc.
- Khadi Natural
- Kao Corporation
- eSalon
- Umberto Giannini
- Hayu
- Ben Nye
- Mandom Group Silkgirl
- Biolage Kama Ayurveda Pvt. Ltd.
- Shahnaz Ayurvedics
- Josh Wood Colour
- Knight & Wilson
- Jerome Russel Bblonde
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Regional Analysis:
The fashion and cosmetics industries, which include hair color and hair care products, are centered on the United States. Hair dye firms are believed to be well-represented due to the widespread use of hair color by both men and women.The market for hair coloring products in the United States is predicted to expand at a CAGR of 4.7%, reaching US$ 8 billion by the end of 2033.Japan is one of the most significant markets for hair dyes due to its aging population. Hair color product sales in Japan are expected to grow at a 5.3% CAGR to $1.87 billion by the end of 2033.
Key Segments of Industry:
- By Product Type :
- Permanent
- Semi-permanent
- Demi-permanent
- Bleach-highlights
- Temporary
- By Form :
- Powder
- Liquid
- By Dye Color :
- Black
- Brown
- Burgundy
- Red
- By Buyer :
- Individual Customers
- Professional Beauty Salons
- By Sales Channel :
- Modern Trade
- Departmental Stores
- Specialty Stores
- Online Stores
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