Hair color spray market to grow at a CAGR of 4.54% from 2021 to 2026: Growth of the cosmetic industry to be a leading driver - Technavio

NEW YORK, April 4, 2023 /PRNewswire/ -- The global hair color spray market size is estimated to increase by USD 340.97 million from 2021 to 2026. The market's growth momentum will accelerate at a CAGR of 4.54%. The growth of the cosmetic industry is driving the global hair color spray market growth. The spending on high-quality products has increased owing to the rising incomes of people and changes in lifestyles. The shift in consumption patterns from low-priced products to expensive and high-quality products has further enhanced the growth of the market. The growth of the men's grooming category has increased the growth prospects of the market. The male grooming segment has expanded to include premium products, including hair styling products, hair color products, concealers, and anti-aging products. These factors will fuel market growth during the forecast period. Discover more insights on market size and forecast (2022 to 2026) before buying the full report - Request a sample report

Hair color spray market - Segmentation assessment

Segment overview
Technavio has segmented the market based on distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and Middle East and Africa). 

• The offline segment will account for a significant share of the market growth during the forecast period. This distribution channel includes sales of products through specialty stores; hypermarkets, supermarkets, convenience stores, and clubhouse stores; and others, including department stores, salons and spas, and drugstores. The expansion of offline stores by major retailers to increase sales through offline channels is one of the major factors driving the growth of this segment. For instance, Walmart Inc. (Walmart) plans to expand its presence in India by opening 50 new stores over the next 4-5 years.

Geography overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global hair color spray market.

• APAC will account for 42% of the market's growth during the forecast period. China and Japan are the key countries for the hair color spray market in the region. Moreover, market growth in APAC will be faster than the growth of the market in other regions. The growing disposable income, especially among the young working population, has led to significant opportunities for beauty product manufacturers. This, in turn, will drive the hair color spray market growth in APAC during the forecast period.

For insights on global, regional, and country-level parameters with growth
opportunities - Download a sample report

Hair color spray market – Vendor analysis
Vendor landscape –

The global hair color spray market is fragmented, with the presence of leading global and regional players. A few prominent vendors that offer hair color spray in the market are as follows:

• Amika
• Caboki LLC
• Coty Inc.
• DMP Color LLC
• Eufora International
• Healthy Dyeit
• Henkel AG and Co. KGaA
• John Paul Mitchell Systems
• Kristin Ess Hair
• Kryolan GmbH
• LOreal SA
• Luxury Brand Partners LLC
• Punky International Inc.
• Rita Hazan Products LLC
• Style Edit
• Tish and Snookys NYC Inc.
• Unilever PLC
• Kao Corp.

Vendors are deploying growth strategies such as the launch of new products to compete in the market. They also focus on factors such as brand, labor, quality, and innovation. The growing competition in the market and the availability of similar product offerings have resulted in low price differentiation among these vendors.

Why buy?

• Add credibility to strategy
• Analyzes competitor's offerings
• Get a holistic view of the market

Grow your profit margin with Technavio – Buy the report!

Vendor offerings -

• Coty Inc. - The company offers hair color sprays such as Root Touch Up temporary color refreshing spray under its brand Clairol.
• Eufora International - The company offers hair color sprays such as Eufora creative streak temporary hair color spray.
• Henkel AG and Co. KGaA - The company offers hair color sprays under its brand Schwarzkopf.
• For details on vendors and their offerings – Request a sample report

Hair color spray market – Market dynamics

Key trends - The growth of the e-commerce market is a key trend in the global hair color spray market. Globalization and liberalization policies have resulted in the growing trend of B2B and B2C businesses. The growth potential of the e-commerce market has increased owing to a gradual shift in customer spending and shopping habits. The growth in IT, AI, and other modern technologies has expanded the customer base, which, in turn, has created lucrative growth prospects for key vendors. Customers can choose from a wide range of products, with the advent of social media, increasing Internet penetration, and the growing adoption of smartphones. Vendors are collaborating with major online retailers to enhance their market shares. Therefore, the growth in online retail sales is expected to increase the demand for hair color sprays during the forecast period.

Major challenges - The threat from counterfeit products is challenging the market growth. The prices of counterfeit products are comparatively lower than those of branded products. This helps vendors of such products attract more consumers. Counterfeit products are considered harmful, as they are made from low-quality ingredients and are not tested for safety. The growing penetration of e-commerce is further propelling the sales of counterfeit products. Due to these factors, global players are compelled to reduce the prices of their products in order to achieve optimum market penetration. This, in turn, reduces their profit margins and the price-to-sales ratio of the global hair color spray market.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this hair color spray market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the hair color spray market between 2022 and 2026
• Precise estimation of the size of the hair color spray market size and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the hair color spray market across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of hair color spray market vendors

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

The hair loss treatment products market is estimated to grow at a CAGR of 4.6% between 2022 and 2027. The size of the market is forecasted to increase by USD 2,216.5 million. This report extensively covers market segmentation by product type (vitamins and supplements, shampoos and conditioners, and others), gender (men, women, and children), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The hair bond multiplier market size is expected to increase by USD 100.43 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.6%. Furthermore, this report extensively covers the hair bond multiplier market segmentation by end-user (salon, spa, and personal use) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).

Browse for Technavio Consumer Staples market reports

Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Distribution Channel

• 5.1 Market segments 
• Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)

• 5.2 Comparison by Distribution Channel 
• Exhibit 26: Chart on Comparison by Distribution Channel
• Exhibit 27: Data Table on Comparison by Distribution Channel

• 5.3 Offline - Market size and forecast 2021-2026
• Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)

• 5.4 Online - Market size and forecast 2021-2026
• Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Distribution Channel
• Exhibit 36: Market opportunity by Distribution Channel ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Japan - Market size and forecast 2021-2026
• Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.12 Brazil - Market size and forecast 2021-2026
• Exhibit 78: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Brazil - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Brazil - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Coty Inc. 
• Exhibit 89: Coty Inc. - Overview
• Exhibit 90: Coty Inc. - Business segments
• Exhibit 91: Coty Inc. - Key offerings
• Exhibit 92: Coty Inc. - Segment focus

• 10.4 DMP Color LLC 
• Exhibit 93: DMP Color LLC - Overview
• Exhibit 94: DMP Color LLC - Product / Service
• Exhibit 95: DMP Color LLC - Key offerings

• 10.5 Eufora International 
• Exhibit 96: Eufora International - Overview
• Exhibit 97: Eufora International - Product / Service
• Exhibit 98: Eufora International - Key offerings

• 10.6 Henkel AG and Co. KGaA 
• Exhibit 99: Henkel AG and Co. KGaA - Overview
• Exhibit 100: Henkel AG and Co. KGaA - Business segments
• Exhibit 101: Henkel AG and Co. KGaA - Key news
• Exhibit 102: Henkel AG and Co. KGaA - Key offerings
• Exhibit 103: Henkel AG and Co. KGaA - Segment focus

• 10.7 John Paul Mitchell Systems 
• Exhibit 104: John Paul Mitchell Systems - Overview
• Exhibit 105: John Paul Mitchell Systems - Product / Service
• Exhibit 106: John Paul Mitchell Systems - Key offerings

• 10.8 LOreal SA 
• Exhibit 107: LOreal SA - Overview
• Exhibit 108: LOreal SA - Business segments
• Exhibit 109: LOreal SA - Key news
• Exhibit 110: LOreal SA - Key offerings
• Exhibit 111: LOreal SA - Segment focus

• 10.9 Luxury Brand Partners LLC 
• Exhibit 112: Luxury Brand Partners LLC - Overview
• Exhibit 113: Luxury Brand Partners LLC - Product / Service
• Exhibit 114: Luxury Brand Partners LLC - Key offerings

• 10.10 Punky International Inc. 
• Exhibit 115: Punky International Inc. - Overview
• Exhibit 116: Punky International Inc. - Product / Service
• Exhibit 117: Punky International Inc. - Key offerings

• 10.11 Rita Hazan Products LLC 
• Exhibit 118: Rita Hazan Products LLC - Overview
• Exhibit 119: Rita Hazan Products LLC - Product / Service
• Exhibit 120: Rita Hazan Products LLC - Key offerings

• 10.12 Unilever PLC 
• Exhibit 121: Unilever PLC - Overview
• Exhibit 122: Unilever PLC - Business segments
• Exhibit 123: Unilever PLC - Key news
• Exhibit 124: Unilever PLC - Key offerings
• Exhibit 125: Unilever PLC - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 126: Inclusions checklist
• Exhibit 127: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 128: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 129: Research methodology
• Exhibit 130: Validation techniques employed for market sizing
• Exhibit 131: Information sources

• 11.5 List of abbreviations 
• Exhibit 132: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio