Report : Asia Pacific Hair Color Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Permanent, Semi-Permanent, and Temporary), Type (Powder, Cream, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
At 7.7% CAGR, the Asia Pacific Hair Color Market is speculated to be worth US$ 12,076.71 million by 2028, says Business Market Insights
According to Business Market Insights’ research, The Asia Pacific Hair Color market was valued at US$ 7,741.75 million in 2022 and is expected to reach US$ 12,076.71 million by 2028, registering an annual growth rate of 6.4% from 2022 to 2028.New product launches and high demand for natural and organic hair colors are the critical factors attributed to the market expansion.
The demand for hair colors is growing owing to the increasing use hair colors by ageing population and young millennial. In line with this, players operating in the APAC hair color market are focusing on launching new and innovative hair color products to cater to increasing demand. Market players are also focusing on differentiating their products with respective to formulation and packaging. For instance, in December 2017, L'Oréal Paris introduced the botanical hair color line Botanea. Botanea is sourced from three plants found in India. The technology elevates hair color with vibrancy and brilliance and makes it possible to have a wide range of colors and hues with a multi-dimensional color result. Further, in 2020, Revlon launched breakthrough vegan hair color Total Color. It is the first clean and vegan permanent hair color that delivers 100% full coverage. Total Color is a high-performance at-home hair color that promotes healthy shine, provides up to 6 weeks of color vibrancy, with less breakage. Hence, the new product launches in The APAC hair color market will offer lucrative opportunities for The APAC hair color market growth during the forecast period.
On the contrary, challenges faced in issues potential health risk due to the toxic chemicals in hair colors hurdles the growth of the Asia Pacific Hair Color Market.
Based on product type, the Asia Pacific Hair Color market is segmented into permanent, semi-permanent, and temporary. The permanent held 42.49% market share in 2022, amassing US$ 3,289.20 million. It is projected to garner US$ 5,202.91 million by 2028 to expand at 7.9% CAGR during 2022–2028.
Based on type, The Asia Pacific Hair Color market is segmented into powder, cream, and others. The cream held 62.21% market share in 2022, amassing US$ 4,816.39 million. It is projected to garner US$ 7,616.73 million by 2028 to expand at 7.9% CAGR during 2022–2028.
Based on distribution channel, The Asia Pacific Hair Color market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others. The supermarkets & hypermarkets held 42.18% market share in 2022, amassing US$ 3,265.16 million. It is projected to garner US$ 5,153.62 million by 2028 to expand at 7.9% CAGR during 2022–2028.
Based on country, The Asia Pacific Hair Color market has been categorized into the Australia, China, India, Japan, South Korea, and Rest of Asia Pacific . Our regional analysis states that China captured 28.87% market share in 2022. It was assessed at US$ 2,235.04 million in 2022 and is likely to hit US$ 3,650.79 million by 2028, exhibiting a CAGR of 8.5% during the forecast period.
Key players dominating The Asia Pacific Hair Color market are Coty Inc; Henkel AG and Co KGaA; Koa Singapore Pte.Ltd; Revlon,Inc; Hygienic Research Institute Pvt Ltd; Loreal S.A; Wella Operation US LLC; Unilever PLC; and PZ Cussons Beauty LLP, among others.
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