Men’s Hair Color Market-Overview
The upsurge in men grooming product demand is predicted to bolster the men’s hair color market. Reports created by MRFR detail the developments in the industry that can be expected in the market through the forecast period. The market is predicted to exhibit a 7.20% CAGR and accomplish USD 502.84 Million in revenues by 2025.
The developing grooming market has developed a steady inclination towards developing men’s hair care products, owing to the demand being observed for such products. Furthermore, improved distribution channels in the retail sector are estimated to propel the men’s hair color market share in the forecast period.
Competitive Analysis
The funding scenario in the market is estimated to be optimistic and conducive to the development of the stakeholders in the market. The advancement of the market is spurred by the initiatives of the leaders in the global market, who are dedicating resources to the development of the overall market. The scale of innovation being observed in the market is another reason that is adding to the advancement of the global market in the future. The detrimental impact on the environment by the business practices is estimated to be a key component in the future growth strategies of the market. The government policies in several regions are very conducive to the development of the market in the upcoming period. The advancement of production technology and processes is estimated to augment the global market. The establishment of clear long-term objectives by market titans is estimated to set the tone for the continuing expansion of the market. The identification of areas for sustainable enhancement in the supply chain is estimated to further fortify the market.
The significant companies in the men’s hair color market are L’oreal S.A. (France), John Paul Mitchell Systems (US), NATULIQUE ApS (Denmark), Combe Incorporated (US), Coty, Inc. (UK), Indus Valley (India), Hoyu Co., Ltd (Japan), Revlon, Inc. (US), Cover Your Gray (US), and Kao Corporation (Japan).
Segmental Analysis
The segmental review of the men’s hair color market is carried out based on product type, category, region, end-user, and distribution channel. The form segment of the men’s hair color market comprises of cream gel and powder. The end-user segment of the men’s hair color market comprises of commercial and household. The distribution channel segment of the men’s hair color market consists of non-store-based and store-based. The regional segment of the men’s hair color market consists of Europe, Asia Pacific, North America, the Middle East, South America, and Africa. The product type segment of the men’s hair color market growth consists of root touch-up, semi-permanent hair color, permanent, temporary hair color, and others. The category segment of the men’s hair color market consists of natural organic and conventional.
Detailed Regional Analysis
The regional appraisal of the men’s hair color market consists of Europe, Asia Pacific, North America, the Middle East, South America, and Africa. The men’s hair color market in North America is anticipated to create a central share of the market throughout the forecast period. The regional market reported a 41.57% share of the market in 2018, which is estimated to develop in the forecast period. The US national market is a key supplier to the expansion of the North American market. The European men’s hair color market influences an outstanding segment of the market due to the increasing men’s hair color product collection of important producers.
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Industry Updates:
Mar 2021 Cleverman, a company offering men’s hair color solutions obtainable in a direct-to-consumer and via subscription format was launched recently. Cleverman presents custom creams to be used for different results envisioned to look natural on the wearer. The extensive product range with a cream developer, cream colorant, and brushes with short and long bristles, are dispatched in every container that gives directions on how to combine and put on the formula. Gloves and a mixing tray are also sent with every purchase to prep and mix the formula.
July 2020 Madison Reed and eSalon have each extended their range into men’s hair color, with Madison Reed Mr. and Colorsmith brands correspondingly. The presentations come after both businesses saw augmented hair color retailing ensuing coronavirus-related salon lockdowns. For Madison Reed, the concept had been in the design stage for about a year, though the pandemic’s effect on selling led the business to hasten the project. Errett also saw the chance in the upsurge of the “quarantine beard”, where many men see grays first. The formulation for Madison Reed Mr., which formally launched on June 30, 2020, is envisioned to offer moderate, semipermanent coverage.
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