Global Hair Color Market 2017-2021
About Hair Color
Hair color, also known as hair colorant or hair dye, is the sub-segment of the broad category of hair care products. Hair color products contribute to more than one-fifth of the global hair care market. Hair care broadly includes five types of products. These include shampoo, hair color, hair conditioner, hair styling products, and hair oil. The trend of hair care has been growing in the fashion industry due to the global aging population base. In addition, rising demand for male grooming products is also driving the growth of the global hair color market.
Technavio’s analysts forecast the global hair color market to grow at a CAGR of 8.45% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hair color market for 2017-2021. To calculate the market size, the report considers the retail sales value.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global hair Color Market 2017-2021
Technavio recognizes the following companies as the key players in the global hair color market: Henkel, Kao Corporation, L’Oréal, and Coty.
Other Prominent Vendors in the market are: Avon Products, Cadiveu Professional USA, Chatters, Combe, Conair, Estée Lauder Companies, Godrej Consumer Products, Johnson & Johnson, Revlon, Shiseido Company, Toni & Guy Hairdressing, and World Hair Cosmetics (Asia).
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is availability of natural hair colorants. A number of product variants are available in the hair color market. Each of these variants is manufactured with different chemical compositions and formulations. These product variants are mostly for artificial hair colors. However, there are various harmful effects associated with the use of artificial hair colors made of chemicals compounds. Therefore, customers are switching from artificial hair colors to natural or herbal hair colors, which have no side effects on the human body.”
According to the report, one of the major drivers for this market is innovation in product formulation and formats. Hair color is available in pre-measured sachets that are convenient to use. The market is driven by innovations in product formulation, composition, and the format through which it is sold in the market.
Further, the report states that one of the major factors hindering the growth of this market is limited consumer pool for novelty and premium hair colors in developing countries. The global hair color market is flourishing in the developed markets of the Americas and Europe. This is because a significant proportion of premium and mass segment of end-customers are available in this segment. Hence, these markets have a balanced demand for hair colors from different price brackets. The demand for premium hair color in the developed countries is more than that of the mass-segment.
Henkel, Kao Corporation, L’Oréal, and Coty. Other Prominent Vendors in the market are: Avon Products, Cadiveu Professional USA, Chatters, Combe, Conair, Estée Lauder Companies, Godrej Consumer Products, Johnson & Johnson, Revlon, Shiseido Company, Toni & Guy Hairdressing, and World Hair Cosmetics (Asia).
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