Growing Market for Personal Grooming Drives the Global Hair Colour Market

Growing number of working women, rising innovations in product formulations and increasing popularity of highlights among the youngsters, to drive the Global Hair Colour Market through 2023

According to TechSci Research report, “Global Hair Colour Market, By Product (Permanent, Semi-Permanent, Temporary Hair Colour and Highlights & Bleach), By Product Formulation (TDS/TD formulation, PPD formulation and Others), By Gender (Men, Women and Unisex), By Application (Total Grey Coverage, Roots Touch-Up, Highlighting and Others), By Company and By Geography, Forecast & Opportunities, 2023”, Global Hair Colour Market is expected to post a robust CAGR of over 8% by 2023, in value terms owing to the growing number of working women globally that take good care of themselves. Moreover, the rising innovations in product formulation like gel-based colour, no ammonia, non-dripping formulations etc is expected to fuel the growth of Global Hair Colour market during the forecast period. Additionally, factors like covering of grey hair due to ageing, increasing popularity of highlights among youngsters, the rising disposable incomes and rising improvement in standards of living will fuel the growth of the market in coming years.

Moreover, the growing focus on personal grooming coupled with growing awareness of hair care as well as skin care is expected to drive the growth of the market in the next five years. Additionally, factors such as rising disposable incomes, improvement in standards of living, easy availability of a variety of hair colours in the market, growing number of salon chains will propel the demand of Hair Colour by 2023.

Based on the product type, the highlights segment is expected to hold the largest market share by 2023, owing to growing popularity of highlighting hair among the younger population who want to constantly keep up with the latest trends.

L’Oréal, Revlon, Avon Products, Procter & Gambler, Conair, Aroma, Estée Lauder, Godrej, etc, are major companies operating in the Global Hair Colour Market.

North-America dominated the Global Hair Colour Market in 2017, due to the rising use of Hair Colours by consumers due to improved standards of living, high disposable incomes and innovation in product formulations in countries like the United States and Canada. Asia-Pacific is anticipated to grow at the highest CAGR from 2018 to 2023, owing to rapid urbanization, growing GDP, rising awareness of personal grooming and the growing presence of hair colour manufacturers in the constituent countries like India and China.

“Hair Colour Market has seen tremendous growth in the last few years and the trend is expected to continue as a result of increasing innovations in the hair colour market like the introduction of ammonia free formulations, oil based colours, gel based formulations, non-dripping formulas etc. Moreover, the growing adoption of temporary as well as semi-permanent colours among people who like to remain abreast with the latest is expected drive the Hair Colour market through 2023.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Hair Colour Market, By Product (Permanent, Semi-Permanent, Temporary Hair Colour and Highlights & Bleach), By Product Formulation (TDS/TD formulation, PPD formulation and Others), By Gender (Men, Women and Unisex), By Application (Total Grey Coverage, Roots Touch-Up, Highlighting and Others), By Company and By Geography, Forecast & Opportunities, 2023” has evaluated the future growth potential of Global Hair Colour market and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market inclinations along with indispensable drivers, challenges and opportunities in Global Hair Colour Market.

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