Hair Color Spray Market Size to Exceed $4035.15 Million by 2033, The Brainy Insights

The hair color spray market is thriving, driven by an increasing demand for easy and temporary hair coloring solutions. Asia Pacific emerged as the largest market for the global hair color spray market, accounting for 31.43% of the market revenue in 2023.

Newark, Aug. 7, 2024 (GLOBE NEWSWIRE) — According to the report published by The Brainy Insights, the global Hair Coloring Spray Market is expected to grow from USD 2,209.05 million in 2023 to USD 4,035.15 million by 2033, growing at a Compound Annual Growth Rate (CAGR) of 6.21% during the forecast period 2024-2033.

Hair color sprays are one of the cosmetic products and add color to the hair. The demand is increasing as they offer the best option for a refreshing look with many great colors. Due to the presence of dark, light, bright and pastel shades, there are good market opportunities.

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Competitive strategy

To strengthen their market position in the global hair color spray market, key players are now focusing on implementing strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations, and partnerships.

• In April 2024: Honasa Consumer launches its new color cosmetics line, Staze, alongside its product portfolio. Staze, with its innovative work in color cosmetics, has set a new benchmark for high-performance, multi-use makeup that lasts long and meets the dynamic demands of modern consumers. This strategy helps the company expand its consumer base, which can help gain market share in the hair color spray market.

Reporting scope and segmentation –

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Market growth and trends

The demand for temporary hair colors is increasing as they bring in a lot of compliments and these colors are reasonably priced. Also, there is no risk of hair damage or scalp irritation. Also, they are helpful in creating new hairstyles that can easily become popular and loved when combined with fancy hair colors. They are also used to make grey locks disappear quickly. As the demand is increasing, many shades have appeared in the market such as coral red, emerald green, caramel brown and beautiful burgundy to name a few. There are now many choices in the field of temporary colors. This type of color is preferred for home use as it is low maintenance and easy to apply. These factors ultimately drive the hair color spray market. These hair color sprays are different from all other hair colors as temporary colors do not alter the color of the strand. The dyes are simply applied to the outside of the hair shaft and fade in less than a few washes. Also, these temporary hair colors do not contain any chemicals like ammonia or peroxide, so they are very easy to apply on any hair type and texture. This type of temporary dyes only coats the hair surface and does not penetrate the hair shaft. They last for 1 to 2 washes. All these factors are driving the growth of the hair color spray market. The use of these hair colors is increasing as they are becoming a symbol of pride as different shades can be used depending on one’s mood and thus have become a way of self-expression. With such hair color sprays, one can wear a rainbow on their hair. These types of hair color sprays are made from pure pigments and can be applied brightly into the hair without bleaching. This is possible with any hair texture and type. For example, it can be useful during festivals like Halloween and at events where someone wants to express or style themselves with different colored hair.

The story goes on

Key findings

• In 2023, the female segment dominated the market with the largest market share of 72.45% and a market revenue of USD 1,600.46 million.

The end-user segment is divided into male and female. In 2023, the female segment dominated the market with the largest market share of 72.45% and a market revenue of USD 1,600.46 million. Women are generally more comfortable with their hair texture and appearance than men.

• In 2023, the offline segment dominated the market with the largest market share of 69.23% and a market revenue of USD 1,529.32 million.

The sales channel segment is divided into online and offline. In 2023, the offline segment dominated the market with the largest market share of 69.23% and a market revenue of USD 1,529.32 million. People still buy products from grocery stores, hypermarkets, and supermarkets with more trust than from online websites.

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Regional Segment Analysis of Hair Color Spray Market:

• North America (USA, Canada, Mexico)
• Europe (Germany, France, Great Britain, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, rest of Asia-Pacific)
• South America (Brazil and the rest of South America)
• Middle East and Africa (UAE, South Africa, Rest of Middle East)

Asia Pacific emerged as the largest market for the global hair color spray industry with a market share of 31.43% and a market value of around USD 694.30 million in 2023. This market share can be attributed to the sharp increase in demand for temporary hair colors in the region, which is attributed to the rising number of beauty-conscious people and their preference for quick and easy color solutions that can be easily adapted to the lifestyle of the users.

The major players in the global hair color spray market are:

• Honasa Consumer Pvt. Ltd.
• L’Oréal SA
• Coty Inc
• Revlon Inc.
• Amka Products (Pty) Ltd
• Unilever
• Henkel AG & Co. KGaA
• Kenra Professional
• Estee Lauder Company
• Punky International, Inc.

This study forecasts revenue at global, regional and country levels from 2020 to 2033. Brainy Insights has segmented the global Hair Color Spray market based on the below mentioned segments:

Global Hair Color Spray Market by End User:

• Masculine
• Female

Global Hair Color Spray Market by Distribution Channel:

• Online
• Offline

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About the report:

The global Hair Color Spray market is analyzed in terms of value (million USD). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges to gain key insights about the market. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Raw Material Analysis, Supply and Demand Analysis, Competitors Position Grid Analysis, and Sales and Marketing Channels Analysis.

About The Brainy Insights:

Brainy Insights is a market research company that aims to provide actionable insights to businesses through data analysis to improve their business acumen. We have a robust forecasting and estimation model to achieve clients’ goals of high-quality results within a short period of time. We offer both customized (customized) and syndicated reports. Our repository of syndicated reports is diverse and covers all categories and subcategories of all domains. Our customized solutions are tailored to the requirements of the clients, whether they are looking to expand or planning to launch a new product in the global market.

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