Harrisburg, NC -- (SBWIRE) -- 08/07/2018 -- "Global Hair Color Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast, 2018-2024" presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and deal landscapes.
Top Leading Companies: L'Oreal, Coty Inc., Kao Corporation, Henkel AG & Company, Godrej Consumer Products, Johnson & Johnson, Revlon, Avon Products, Procter & Gamble, Toni & Guy Hairdressing.
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Essential points covered in Global Hair Color Market 2018 Research are:-
- What will the market size and the growth rate be in 2024?
- What are the key factors driving the Global Hair Color market?
- What are the key market trends impacting the growth of the Global Hair Color market?
- What are the challenges to market growth?
- Who are the key vendors in the Global Hair Color market?
- What are the market opportunities and threats faced by the vendors in the Global Hair Color market?
- What are the key outcomes of the five forces analysis of the Global Hair Color market?
This independent 170 pages report guarantees you will remain better informed than your competition. With over 200 tables and figures examining the Hair Color market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2024.
Market Overview:
Hair coloring is a fashionable trend inclined towards making a style statement. Increasing ageing population is driving the demand to cover grey hair which is significantly boosting the demand of hair color market across the globe. In Europe nearly 70% women and 10% of men uses some form of hair dyes. Also in the United States, over 75% of women use some kind of hair dye. This growing trend of coloring hair is increasing the sales of hair color products. In 2016, nearly 1.43 billion units of hair color products were sold in the United States.
Growing risk of cancer due to chemicals present in hair colorants is limiting the growth of hair color market across the globe. In 2017, as per the study by the National Cancer Institute, around 35% of women above 18 years use some kind of hair color products. These hair dye products constitute over 5,000 different chemicals out of which few of them are carcinogenic. Moreover, government is implementing strategies and cosmetic regulations to avoid any health risk. For instance, since 2003, European Union Commission has been implementing assessments for consumer products and these assessments are conducted by Scientific Committee on Consumer Safety (SCCS). SCCS has banned more than 180 ingredients used in hair colors and over 100 ingredients have been granted safe and are allowed to be used in hair dyes as per Cosmetics Regulation.
Market Drivers and Challenges:
Rising urbanization, increasing number of fashionable trends and changing lifestyles in emerging economies are boosting the adoption rate of hair colors across the globe. Rising penetration rate of professional salon and spa services is expected to fuel the growth of global hair color market.
Government is taking initiatives towards the ill effects of chemical used in hair color. Stringent cosmetics regulations are likely to have negative impact in the manufacturing of hair colorants in the near future.
Market Size and Forecast:
Mounting demand to cover grey hair, prevention of early balding symptoms and adoption of trendy fashion is increasing the sales of hair color products. Hair color market holds nearly 22% share of global hair care market. The global hair color market valued USD 18.59 billion in 2016, and is projected to grow at a CAGR of 8.56 % over the forecast period 2016-2024.
Powder hair color or hair dye occupies the largest market share in product segment. Powder hair color segment is expected to occupy over 65% revenue share of global hair color market by the end of 2024 due to high adoption rate in developing countries mainly in rural areas. Crme segment accounted for nearly 25% market share of hair color in 2016, owing to its high price, adoption rate is limited in emerging economies. However, long lasting effect and positive feedback of crme hair color is likely to boost the demand for crme hair color during the forecast period.
Geographically, Europe dominated the global hair color market in 2015 followed by Asia-Pacific and Latin America. High adoption rate of hair color to enhance hair styling & fashionable statements and growing popularity of hair texturizing products is accelerating the growth of hair color market in Europe.
Europe hair color market is anticipated to grow at a CAGR of 6.0% over the forecast period i.e. 2016-2024. Rising concerns of hair health and availability of various treatments for hair styling is impelling the hair color market in Latin America and Asia-Pacific region. Asia Pacific region is projected to dominate the hair color market over the forecast period, growing at a CAGR of 11.0% over the forecast period. Whereas, Latin America hair color market valued USD 0.56 billion in 2016 and is expected to grow at a CAGR of 18.0% during the forecast period.
On the other hand, North America hair color market is expected to witness steady growth over the next five to six years, owing to the availability of wide range of hair colorants and rising popularity of hair colors among youngsters. However, North America is the leading region for novelty hair color market, due to rising demand for pink, blue and purple hair coloring services in the region. North America hair color market is estimated to generate revenue of USD 9.32 billion by the end of 2024.
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Global Hair Color Market Report covered insights of below mentioned regions:
– North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
-Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
-Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
-Asia-Pacific (China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market —Size, Growth Analysis and Opportunity Analysis}
-Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
-Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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