Hair Color Spray Market

PORTLAND, OREGON, UNITED STATES, July 18, 2022 /EINPresswire.com/ -- Innovative product offerings facilitated by the manufacturers and increase in number of beauty-conscious customers drive the growth of the global hair color spray market. On the other hand, several ill-effects of using of hair straighteners impede the growth to some extent. Nevertheless, rise in number of beauty-conscious male customers is anticipated to create multiple opportunities in the near future.

According to the insights of the CXOs of leading companies, rise in concerns over maintaining the quality of hair among the customers, is one of the key factors that drives the growth of the global hair color spray market.

Over the past couple of years, there has been a rise in demand for natural cosmetic products. Taking this consumer perception into consideration, some of the key manufacturers have been strategizing on the inclusion of natural ingredients into their existing products. Manufacturers consider natural hair color spray products are expected to gain higher traction among the target customers who seek transparency in cosmetic products that they use in their day-to-day life. Apart from key product strategy, several companies consider expansion of operation in untapped regions is expected to play a major role in revenue generation. This will facilitate easy availability of products to its target customers and eventually generate sales.

According to the report published by Allied Market Research, the global hair color spray market was estimated at $291.90 million in 2018 and is expected to hit at $481.60 million by 2026, registering a CAGR of 6.6% from 2019 to 2026. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and changing market trends.

The rise in rate of internet penetration around the major parts of the world makes way for manufacturers to initiate several key online marketing programs as online platforms are one of the easiest ways to create awareness about the specifications and features of the hair color spray products among the target customers.

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The synthetic segment to rule the roost by 2026-

Based on nature, the synthetic segment accounted for more than two-fifths of the total market share in 2018, and is expected to dominate throughout the forecast period. The organic segment, on the other hand, would grow at the fastest CAGR of 7.6% by the end of 2026. The natural segment is also studied in the market report.

The offline segment to maintain the lion’s share till 2026-

Based on distribution channel, the offline segment contributed to nearly three-fourths of the total market revenue in 2018, and is anticipated to retain its dominance from 2019 to 2026. At the same time, the online segment would cite the fastest CAGR of 7.7% through 2026.

Europe to dominate in terms of revenue-

Based on geography, Europe generated the highest share, garnering more than one-third of the global market. Simultaneously, Asia-Pacific would showcase the fastest CAGR of 7.9% by 2026. The other two regions analyzed in the report include North America and LAMEA.

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Frontrunners in the industry-

The key market players analyzed in the global hair color spray market report include Estee Lauder Company, Coty Inc., Unilever, Henkel, Amka Products (Pty) Ltd., Kenra Professional, L’Oréal, Punky International, Inc., John Paul Mitchell Systems, and Revlon, Inc. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

Key Take Away

Organic segment would exhibit the highest CAGR of 7.60% during 2019-2026.
Online segment would exhibit the highest CAGR of 7.70% during 2019-2026.
Asia-Pacific would exhibit the highest CAGR of 7.90% during 2019-2026.
Key Market Segments

BY NATURE
NATURAL
ORGANIC
SYNTHETIC
BY DISTRIBUTION CHANNEL
OFFLINE STORE
ONLINE STORE
BY REGION
NORTH AMERICA
US
CANADA
MEXICO
EUROPE
GERMANY
FRANCE
UK
ITALY
SPAIN
REST OF EUROPE
ASIA-PACIFIC
CHINA
INDIA
JAPAN
AUSTRALIA
NEW ZEALAND
REST OF ASIA-PACIFIC
LAMEA
LATIN AMERICA
MIDDLE EAST
AFRICA
About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
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