Hair Color Market

Hair Color Industry Insights: Market to Hit USD 43.47 Billion by 2033

Mahesh Chavan

Jan 2, 2025 — 2 min read

Hair Color Market

The global hair color market size was valued at USD 26.85 billion in 2024 and is projected to grow from USD 28.33 billion in 2025 to USD 43.47 billion by 2033, at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2024 to 2032.

Overview

Hair color products are gaining widespread popularity as a versatile solution for enhancing personal style, covering gray hair, and experimenting with new looks. These products cater to diverse consumer needs with options in permanency, formulation, and application. While the rising aging population and emerging fashion trends propel market growth, concerns regarding chemical sensitivities and adverse effects pose challenges. However, advances in product innovation and customization opportunities continue to open new avenues in the market.

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Market Scope

The hair color market is segmented based on product type, category, nature, form, and end-user. Major players in the industry include L'Oréal S.A., Kao Corporation, Henkel AG & Co. KGaA, and Revlon Inc., who are actively driving market innovations and expanding product portfolios.

Segmentation

By Type:
- Permanent Hair Color
- Demi-Permanent Hair Color
- Semi-Permanent Hair Color
- Temporary Hair Color
- Root Touch-Up
By Category:
- Conventional
- Natural and Organic
By Nature:
- Professional
- Consumer (DIY)
By Form:
- Powder
- Cream
- Gel
By End User:
- Men
- Women
- Unisex

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Regional Analysis

The Asia-Pacific region leads the global market, accounting for the largest share, with a projected CAGR of 7.2% during the forecast period. Rising consumer spending on lifestyle products and growing awareness of hair color products fuel the region's dominance. China and Japan play pivotal roles in driving growth, with increasing adoption among aging populations and heightened product accessibility.

North America is the fastest-growing region, with a CAGR of 7.5%. Enhanced self-grooming trends, rising disposable income, and advanced treatment options contribute to market growth. Europe also shows significant promise, led by Germany and the UK, with rising demand for innovative hair color solutions.

COVID-19 Impact Analysis

The pandemic initially disrupted the hair color market due to decreased consumer spending on non-essential grooming products. However, as economies recovered, consumer interest in at-home hair color solutions surged, especially among Gen Z and millennials, who embraced vibrant and unconventional shades. This trend bolstered retail sales and accelerated the development of DIY hair color kits.