Hair Color Market: By Distribution Channel (Online, Supermarkets & Hypermarkets, and Others), By Product Type (Permanent and Temporary), By Nature (Natural and Synthetic), and Geography

Hair Color Market size was valued at USD 22 billion in 2023 and is poised to grow at a CAGR of 5% from 2024 to 2030. Hair colors are cosmetics used to change the color of one's hair. Its primary goal is to conceal people's grey hair, although it is now more commonly used for fashion purposes. Hair coloring can be done at home or in a spa or hair salon by a professional. Consumers are more receptive to its constantly growing adoption due to the availability of various hair colors and constantly changing fashion trends. Most hair color manufacturers create brightening colors, which contributes to consumer's demand for the product.

Hair brightness improvements, a form of hair color, are the most widely used product. Next, hair color solutions that claim to be long-lasting, easy to use, and herbal. As a result of these advancements, customer acquisition, product visibility, and adoption rate have all grown, driving up the market's price factor. Many millennials are following contemporary fashion trends, such as colorful hair coloring. The global hair color market is expected to rise as the population of young people in developing nations grows, urbanization grows, and lifestyles change. Creating a diverse variety of natural and organic hair colors with conditioning components will generate significant revenue for market players.