Novelty Hair Color

Novelty Hair Color

Global Novelty Hair Color Market to Reach US$18.5 Billion by 2030

The global market for Novelty Hair Color estimated at US$7.1 Billion in the year 2023, is expected to reach US$18.5 Billion by 2030, growing at a CAGR of 14.7% over the analysis period 2023-2030. Women End-Use, one of the segments analyzed in the report, is expected to record a 14.4% CAGR and reach US$10.0 Billion by the end of the analysis period. Growth in the Men End-Use segment is estimated at 17.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.8 Billion While China is Forecast to Grow at 19.2% CAGR

The Novelty Hair Color market in the U.S. is estimated at US$1.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.5 Billion by the year 2030 trailing a CAGR of 19.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.9% and 12.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.1% CAGR.

Global Novelty Hair Color Market – Key Trends & Drivers Summarized

What Is Driving the Rising Popularity of Novelty Hair Colors?
Novelty hair color refers to the use of vibrant, unconventional, and often temporary hair dyes that allow individuals to experiment with bold colors outside of traditional shades. These products come in a variety of forms, including semi-permanent dyes, temporary sprays, and wash-out formulations, offering consumers flexibility in their personal styling choices. The rise of self-expression through hair color has turned novelty hair color into a mainstream beauty trend. Social media influencers, celebrities, and fashion-forward individuals have fueled the popularity of bright and bold hair colors such as neon pinks, blues, purples, and greens. The desire for unique and creative looks, paired with the ease of application and removal of temporary hair dyes, has made novelty hair colors increasingly attractive to younger generations and those who want to embrace individualism.

How Is Innovation Shaping the Novelty Hair Color Market?
Innovation in hair color technology has played a key role in expanding the novelty hair color market. Manufacturers are continuously improving formulations to offer longer-lasting, vibrant colors without damaging the hair. Advancements in natural and chemical-free hair color solutions are also gaining traction, with consumers seeking safer, non-toxic alternatives. Brands are investing in research and development to create vegan, cruelty-free, and sustainable products that appeal to eco-conscious consumers. Additionally, the rise of heat-activated and UV-sensitive novelty hair colors, which change hues in different environments, is opening new opportunities for creative expression. This push toward innovation is enhancing the overall appeal of novelty hair color products, especially for consumers who value both aesthetics and hair health.

How Is Consumer Behavior Influencing the Novelty Hair Color Market?
Consumer preferences and behaviors are pivotal in shaping the growth of the novelty hair color market. A significant trend driving demand is the shift towards DIY hair coloring, especially among Millennials and Gen Z. The pandemic accelerated this trend as people sought to experiment with their appearance from the comfort of their homes. As a result, at-home hair coloring kits for bright and bold colors have surged in popularity. Social media platforms like Instagram, TikTok, and YouTube are playing a critical role in influencing purchasing decisions, with viral trends and tutorials driving spontaneous hair color changes. Furthermore, the inclusion of novelty hair colors in professional salons is expanding, as salons cater to customers seeking vibrant, multi-tonal, or gradient color effects through more sophisticated dye techniques.

Growth in the Novelty Hair Color Market Is Driven by Several Factors
The growth in the novelty hair color market is driven by several factors, including advancements in product formulations, changing consumer preferences, and the increasing adoption of non-traditional beauty standards. The rise of social media influencers and platforms is pushing brands to innovate with unique, customizable color options that allow consumers to replicate trending styles. Technological innovations, such as color-changing dyes and non-damaging formulations, are also key drivers, as they make bold experimentation more accessible to a broader audience. The shift toward sustainability and demand for natural, cruelty-free products has pushed brands to develop eco-friendly hair dyes. Furthermore, the expansion of e-commerce and the growing popularity of at-home hair coloring kits have enabled a direct-to-consumer approach, reaching a wider market. The intersection of fashion, technology, and self-expression continues to propel the novelty hair color market forward, making it a dynamic and fast-evolving sector in the beauty industry.

Select Competitors (Total 13 Featured) -

• Cadiveu Professional
• Chatters Limited Partnership
• Combe Inc.
• Conair Corporation
• Coty, Inc.
• Estee Lauder, Inc.
• Godrej Consumer Products Ltd.
• Henkel AG & Co. KGaA
• Kao Corporation
• L'Oreal Paris
• New Avon LLC
• Revlon, Inc.
• Shiseido Co., Ltd.
• TONI&GUY
• World Hair Cosmetics (Asia) Ltd.

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