The global Hair Dye market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028). Hair dye is defined as a compound that is applied to hair with the primary purpose of coloring it. They are commonly used to conceal grey hair, highlight specific areas of the hair, restore original care, and make the hair more appealing. Rise in urbanization and changing lifestyle is a vital factor responsible for market growth, as is an increase in the trend of hair highlighting and an increase in concern about hair health, among other factors driving the hair colour products market. Furthermore, technological advancements and modernization of production techniques, as well as an increase in demand from emerging economies, will create new opportunities for hair. . For instance, in March 2022, L’Oréal Groupe, launched two hair dyeing products that harness AI and other technologies and through it offers new levels of personalization. The new machine analyzes the user’s hair, volume, density, length and grayness after it produces custom dye beads, base creams, developers, and diluters. This makes Colorsonic easy to use by both professionals and non-professionals. Due to the obvious rise in the trend of hair highlighting and increased concern about hair health in this region, North America dominates the swimming pool alarm market.
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Furthermore, the rising demand for hair dye to meet the needs of the aging population and increasing social media campaigns are contributing in the market growth. Organic and vegan ingredient-based hair dye is a gaining traction in the market owing to several benefits associated with it of such ingredients in hair dye is attracting newer customer’s base and increasing demand in the market. The demerits of organic hair dyes are negligible in relative to synthetic hair dye. Additionally, majority of key players are involved in various new product development and manufacturing that does not has any side effects and also launching new technology based products are such factors that drive market growth. Prominent Players in the market, are investing heavily in market to grow customer base such as frequent advertisements in shopping malls, television, and billboards, highlighting the product’s speciality and benefits, and relating it to the sentimental side of customers. Among all advertisement, most of these advertisements have famous celebrities as brand ambassadors who portray themselves as frequent users of these products and ask viewers to try it on for personal benefits are such factors attributed to which that market is growing steadily. Organic hair dye doesn’t penetrate hair cuticles; rather, it coats the external surface of the hair with dye substances. This is why organic hair dye doesn’t contribute towards hair damage, whereas, synthetic hair dye penetrates the hair cuticles up to some extent, leading to hair fall, breaking, and thinning.
However, strict government regulation associated with the use of chemicals in the production of hair dye is one of the major factors that is restraining market growth and will further challenge the growth of the hair dye products market during the forecast period.
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Competitive Landscape-
Ben Nye eSalon, Godrej Consumer Products Ltd., Hygienic Research Institute Private Limited, Kao Corporation, L’Oreal Paris, Revlon Inc., and Wella, among others.
By Product Type
- Temporary Hair Dye
- Semi-Permanent Hair Dye
- Permanent Hair Dye
- Others
By Form
- Powder
- Liquid
By Dye Color
- Black
- Brown
- Burgundy
- Red
- Other Colors
By Buyer
- Individual Customers
- Professional Beauty Salons
By Sales Channel
- Modern Trade
- Departmental Stores
- Specialty Stores
- Online Stores
- Other Sales Channels
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Scope of the Report
The research study analyzes the Global Hair Dye industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Hair Dye Market Report
1. What was the Global Hair Dye Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Hair Dye Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Hair Dye Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Hair Dye market.
- The market share of the Global Hair Dye market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Hair Dye market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Hair Dye market.
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