Global Men’s Hair Color Market Set for Expansive Growth during the forecast period
Market Highlights
Global Men’s Hair
Color Market is projected to be valued at USD 502.84 Million by 2025, expanding
at a CAGR of 7.20% during the forecast period. Men’s
hair colors are sometimes designed to change the natural color of hair. They
can also be used to switch to a color regarded as more fashionable or
desirable. The growth of the global men’s hair color market is driven by the
growing young age population, along with the increasing trend of personal
grooming. However, the side-effects and allergic reactions caused by some of
the chemicals used in hair colors are hampering the growth of the market. The
influence of social media and innovative marketing strategies is expected to
create lucrative opportunities for market players in the coming years.
North America
constituted a dominant share of the men’s hair color market in 2018, owing to
the high adoption rate of hair colors by the male population. The US and Canada
are among the most lucrative markets for manufacturers in the region. The
increasing trend of self-grooming in the male population is creating a demand
for men’s hair color in this region. The market in Asia-Pacific is anticipated
to exhibit the highest CAGR during the review period. China is the major men’s
hair color market in the region due to the organized retail sectors.
Rising consumer
spending on lifestyle products and the growing consumer awareness regarding
product use are likely to be significant drivers for the growth of the
Asia-Pacific men’s hair color market. The increasing per capita disposable
income, increasing millennial population adopting the trending fashion,
changing lifestyles, urbanization, and demographic change is further supporting
the market growth.
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Segmental Analysis
The Global Men’s Hair
Color Market has been segmented based on product Type, Category, Form, End
User, Distribution Channel, and Region.
By Product Type, the
global market has been divided into permanent and semi-permanent hair color,
temporary hair color, root touch-up, and others. The permanent and
semi-permanent hair color segment accounted for the maximum market share
in 2018, whereas, the root touch-up segment is expected to register
the highest CAGR of 8.32% during the forecast period. Root touch-ups are
used to cover up the roots. As the colored hair will start to grow, the roots
will begin to show the hair’s natural color, which will ruin the colored hair
look. The root touch-up products will extend the time period between each salon
appointment, as they are easy to use and readily available in the market.
By Category, the
global market has been divided into conventional and natural & organic. The conventional segment
accounted for the maximum market share in 2018. The conventional men’s
hair colors are based on color precursors, called oxidation dyes, and the final
shade is developed by their interactions with an oxidizing agent. The demand
for conventional men’s hair color is increasing among men across the globe,
owing to its easy availability and low cost compared to the natural & organic
category.
By Form, the global
market has been divided into powder, cream & gel, and others. The powder segment
accounted for the maximum market share in 2018, whereas, the cream &
gel segment is expected to register the highest CAGR of 7.45% during the
forecast period. Cream & gel are some of the most widely available
formats of hair color. The cream & gel segment is expected to register the
highest growth in the global men’s hair color market. Premium men’s hair colors
come in the cream form. Due to the increasing growth of premium products, the
demand for the cream & gel segment is expected to increase.
By end user, the
market has been divided into household and commercial. The household segment
accounted for the maximum market share in 2018, whereas, the commercial segment
is expected to register a higher CAGR of 7.68% during the forecast period. Commercial
end use refers to beauty salons and parlors. The commercial segment is gaining
acceptance both in developed and developing economies. Men’s hair color
manufacturers are collaborating with the beauty salons and parlor to enhance
the volume sales of the men’s hair color. The growth of the commercial segment
is high due to the increasing disposable income and changing lifestyles of
consumers. Consumers want to maximize leisure time, which has is expected to
result in the growth of the commercial segment.
Based on the distribution
channel, the global men’s
hair color market has been classified into store-based and
non-store-based. The store-based segment is further segmented into supermarkets
& hypermarkets, convenience stores, and specialty stores. The store-based
accounted for the larger market share in 2018. Store-based distribution
channels include supermarkets & hypermarkets, convenience stores, and
specialty stores. Supermarkets & hypermarkets account for the majority of
personalized sales of hair care products, including men’s hair colors.
Specialty stores or drug stores also contribute significantly to the
distribution of men’s hair colors. Consumers prefer store-based channels as
they provide a one-stop shopping experience.
Regional Analysis
Geographically,
the global men’s hair color market has been categorized as North
America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis,
North America dominated the market, accounting for the largest share in 2018.
Europe men’s hair color market accounted for the second-largest market
share in 2018. Asia-Pacific is projected to register the highest CAGR of
7.20% during the forecast period.
Key Findings of the
Study
- The global men’s hair color market is projected to register a
growth rate of 7.20% from 2019 to 2025. The increasing professional salon
services for men followed by growing preference of men’s grooming are
projected to propel the growth of the global men’s hair color market.
- The permanent and semi-permanent hair color segment is estimated to
retain its prominent share by 2025. The root touch-up segment is
anticipated to register a growth rate of 8.32% during the forecast period.
- The conventional segment is estimated to retain its prominent share
by 2025. The natural & organic segment is anticipated to register a
higher growth rate of 7.68% during the forecast period.
- The powder segment accounted for the largest market share in 2018
and is expected to grow at a rate of 7.15% during the forecast period.
- The store-based segment is estimated to retain its prominent share
by 2025. The non-store-based segment is anticipated to register the
highest growth rate of 7.94% during the forecast period.
Key Players
Market Research Future
identified Revlon, Inc. (US), L’oreal S.A. (France), Coty, Inc. (UK), Combe
Incorporated (US), Indus Valley (India), Hoyu Co., Ltd (Japan), Cover Your Gray
(US), John Paul Mitchell Systems (US), NATULIQUE ApS (Denmark), and Kao
Corporation (Japan) as the Key Players in the Global Men’s Hair Color
Market.
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NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
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