Global Hair Color Market - Market Analysis 2015-2019
About hair color
Hair color accounts for more than 20% of the global hair care revenue. It is also known as hair colorant or hair dye. Irrespective its composition, ingredients, and color, hair color can be categorized into four based on its usage. These categories are permanent hair color, semi-permanent hair color, temporary hair color, and hair highlights and bleach. The most common use of hair color is for covering gray hair. However, consumers are now using hair color to enhance styling and make fashion statements.
Technavio's analysts forecast the global hair color market to grow at a CAGR of 9.22% over the period 2014-2019.
Covered in this report
The report covers the current scenario and growth prospects of the global hair color market for the period of 2015-2019. To calculate the market size, the report considers revenue generated from sales of the following through retail and professional salons:
Technavio Announces the Publication of its Research Report – Global Hair Color Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Hair Color Market: L'Oréal, Procter & Gamble, Henkel and Kao
Other Prominent Vendors in the market are: Avon Products, Cadiveu Professional, Chatters Canada, Combe, Conair, Estée Lauder, Godrej, Johnson & Johnson, Revlon, Shiseido, Toni & Guy Hairdressing, and World Hair Cosmetics.
Commenting on the report, an analyst from Technavio’s team said: “Plant-derived color is increasing in demand in the hair color market. Consumers now prefer to use natural and herbal coloring agents for their hair. The usage of natural and herbal colors is less harmful than synthetic colors, as natural colors are ammonia-free. This emerging demand has motivated manufacturers to introduce plant-extracted colors to their product portfolios. This particular product category of hair color is expected to drive market growth in the near future.”
According to the report, sales from the middle class for personal and beauty care products accounted for nearly half of the total revenue in the market. The hair color market has also seen similar revenue from the middle-class population. The increase in disposable income in the middle class is allowing them to spend more on personal grooming. Three billion people are projected to join the middle class over the next 20 years.
Further, the report states that growing health consciousness among consumers has become a challenge for hair color vendors. Health disorders caused by hair dyes are a major concern for consumers. Asthma, severe allergic reactions, non-Hodgkin’s lymphoma, and breast cancer are some major diseases caused by hair dyes.
Dalsem, Harnois Greenhouses, Netafim, Richel, Van Der Hoeven, Ceres greenhouse, Certhon, Hort Americas, Rough Brothers Inc., Trinog-xs (Xiamen) Greenhouse, VEK Adviesgroep.