Report : North America 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 7.3% CAGR, the North America Hair Color Market is speculated to be worth US$ 9,619.71 million by 2028, says Business Market Insights
According to Business Market Insights’ research, The North America Hair Color market was valued at US$ 5,954.08 million in 2022 and is expected to reach US$ 9,619.71 million by 2028, registering an annual growth rate of 7.3% from 2022 to 2028. Growing adoption of high-end hair colors and increasing demand for hair color by ageing population are the critical factors attributed to the market expansion.
Consumers are using hair color as a lifestyle statement which is creating demand for high-end hair colors. The urban consumer sees hair color as part of their personality. There is a high demand for premium hair color especially in developed countries. The changing grooming pattern among the consumers is also contributing to the high demand for hair care products including hair colors. In addition, there is a growing number of millennials adopting current fashion which includes coloring hairs with attractive and high-end hair colors. Young millennials are highly using different hair color products with growing popularity on social media and advances in salon technology. The celebrities and social media personalities are also inspiring more and more young generation to use hair color more frequently. Increasing population of the young people in various countries, growing urbanization, and changing lifestyles are some of factors responsible for a high demand for hair color products from young population. Hence, the growing adoption of high-end hair colors is driving the North America hair color market.
On the contrary, challenges faced in issues potential health risk due to the toxic chemicals in hair colors hurdles the growth of the North America Hair Color Market.
Based on product type, the North America Hair Color market is segmented into permanent, semi-permanent, and temporary. The permanent held 40.39% market share in 2022, amassing US$ 2,540.27 million. It is projected to garner US$ 3,912.36 million by 2028 to expand at 7.5% CAGR during 2022–2028.
Based on type, The North America Hair Color market is segmented into powder, cream, and others. The cream held 64.19% market share in 2022, amassing US$ 4,037.56 million. It is projected to garner US$ 6,276.38 million by 2028 to expand at 7.6% CAGR during 2022–2028.
Based on distribution channel, The North America Hair Color market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others. The supermarkets & hypermarkets held 40.44% market share in 2022, amassing US$ 2,543.70 million. It is projected to garner US$ 3,983.34 million by 2028 to expand at 7.8% CAGR during 2022–2028.
Based on country, The North America Hair Color market has been categorized into the US, Canada, and Mexico. Our regional analysis states that US captured 79.34% market share in 2022. It was assessed at US$ 6,289.88 million in 2022 and is likely to hit US$ 9,619.71 million by 2028, exhibiting a CAGR of 4.7% during the forecast period.
Key players dominating The North America Hair Color market are Arctic Fox; 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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