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NEW YORK, September 23, 2021 / PRNewswire / – Global sale of hair coloring sprays should reach US $ 18.2 billion by the end of 2031, growing at a CAGR of 7.7%, mainly due to strong demand for natural / organic products which currently hold over 45% market share.
Market players have been forced to convert to innovative solutions as awareness of modern technology and equipment has grown, as consumers, especially millennials, prefer innovative alternatives. This probably applies not only to the product itself, but also to the packaging.
For example, DE LORENZO, a Australiahair care company, uses the highest percentage of recycled materials in its cosmetic packaging. A logo identifying the recycled component is affixed to the packaging.
To increase their consumer base, manufacturers are expanding their geographic footprint by building physical storefronts and e-commerce websites in developing regions, as well as offering new types of products.
For example, in 2018, the Strobe Contour Kit brand introduced a new line of hair coloring sprays that feature a color format combination of dark, medium and light shades at the same time. In addition, products such as plastic and metal bottles, which incorporate this technology, also offer antimicrobial protection.
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Key points of the market research
- The market is very fragmented, giving clients only limited negotiating power. Collaborations with clinics, spas and professional hair care enthusiasts allow key players to mark their presence in the market.
- The adoption rate of hair color sprays is likely to increase with manufacturers innovating in their products and providing hair color sprays made from organic and natural ingredients.
- Metal bottle packaged hair color sprays are expected to hold a significant market share, with a CAGR of 7.9% through 2031.
- Women have the largest contribution to hair color spray sales, with an expected market share of around 42.7% by 2031.
- Sales of hair coloring sprays through China are expected to increase at a CAGR of approximately 6.2% from 2021 to 2031.
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“Big companies are aggressively marketing a wide range of hair coloring sprays with a broad portfolio of colors, fragrances, guaranteed ingredients, etc. Said a Persistence Market Research analyst.
Key market players
The report highlights breakthrough insights into the competitive scenario of the Hair Dye market, along with the highlights of the differential strategies employed by the manufacturers.
Key players identified throughout the value chain include L’Oréal SA, Kao Corporation, Henkel AG & Co., Estee Lauder, Coty Inc., Bumble and Bumble Products LLC, COLORSMASH, IGK Hair, John Paul Mitchell Systems, Natura Cosmeticos, Kryolan, Sally Beauty Supply LLC, Guangzhou Hstar Biological Technology Co., Ltd. and Graftobian Make-up Company, among others.
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Learn more about report inclusions.
Persistence Market Research has released a new market report on Hair Coloring Market, covering the analysis of the global industry from 2016-2020 and forecast for 2021-2031. This research report provides compelling information based on the type of packaging, nature, consumer orientation and distribution. canal, in all major regions of the world.
The report also includes forecasting factors and vital macroeconomic factors that are expected to drive the growth of the global market. It also discusses the restraints that are expected to hamper the growth of the market, as well as the latest trends and potential opportunities in the market.
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