Market Size of Asia Pacific Hair Colorants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Hair Color Market Analysis
Over the next few years, the Asia-Pacific hair colorants market is expected to register a CAGR of 6.2%.
The growing use of hair color by the aging population to cover their gray hair is the primary driver for the growth of the hair color market. India is expected to have the fastest-growing hair colorant market in the Asia-Pacific region. This is because more and more people are working long hours, which can cause stress and early graying. On the other hand, having products on store shelves has made it easier for customers to get them, which has led to more sales of branded hair colorants. Leading players in the hair colorants market, like L'Oreal, are using strong digital resources to maintain a strong online presence, which is important for the success of the market.
People all over South Korea are looking for new and unusual products with exotic ingredients that make them feel luxurious and help them relax. On the other hand, a growing share of South Korean women are looking for novel solutions, specifically in haircare, color combinations, new textures, and those offering experimental looks. Companies are coming up with better solutions to tackle the issue, like using natural ingredients and refraining from using ammonia. Manufacturers are also taking advantage of this trend by making and selling products that have a certain mix of unique ingredients.
