Industry Background:
Hair color, a compound that is applied to the hair so as to color the hair. Hair coloring is used to cover the grey hair, retain the original hair color, as well as to highlight the selected portion of the hair, mainly to make it look more appealing. The hair color is widely adopted among the young generation, whom it’s a trend to color hair with different colors. Also, it is gaining popularity among older people in order to cover their grey hair as well as conceal ageing signs. Hair coloring can be done by a professional hair dresser as well as independently at home. The growing adoption among people is likely to impel the market growth over the coming years.
This growth is primarily driven by Growing Adoption for Hair Color among People, Rising Income and Improving Lifestyles and Increasing Penetration Rate of Salon and Spa Services.
Globally, a noticeable market trend is evident Rising Trend among the Young Population to Match Hair Color According To the Outfits. The Consumer Goods sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as L'Oréal S.A (France), Henkel AG & Company, KGaA (Germany), Kao Corporation (Japan), Coty, Inc (United States), Avon Products, Inc (United Kingdom), The Estée Lauder Companies Inc. (United States), Godrej Consumer Products Limited (India), Revlon, Inc. (United States), Shiseido Company, Limited (Japan) and Procter & Gamble (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
“In October 2018, The United States Food and Drug Administration (FDA) is amending the color additive regulations to no longer provide for the use of lead acetate in cosmetics intended for coloring hair on the scalp because new data available since lead acetate was permanently listed demonstrate that there is no longer a reasonable certainty of no harm from the approved use of this color additive. This final rule is in response to a color additive petition, filed on February 24, 2017.”
Market Drivers
- Growing Adoption for Hair Color among People
- Rising Income and Improving Lifestyles
- Increasing Penetration Rate of Salon and Spa Services
Market Trend
- Rising Trend among the Young Population to Match Hair Color According To the Outfits
Restraints
- Strict Regulations by Governments With Respect To the Chemicals Use in the Production of Hair Color
Opportunities
Focus on Environmentally-Friendly Hair Color and Growing Opportunities in Emerging Markets
Challenges
Volatility in Raw Material Prices
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hair Color Study Sheds Light on
The Hair Color Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Hair Color industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hair Color industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.