According to a new report, published by KBV research, The Global Hair Color Spray Market size is expected to reach $3 billion by 2030, rising at a market growth of 5.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,12,654.6 thousand units (PER 100 ML), experiencing a growth of 5.1% (2019-2022).
The Female segment is leading the Global Hair Color Spray Market by End-user in 2022; thereby, achieving a market value of $1.7 billion by 2030. Women today are embracing diverse and dynamic beauty standards that encourage experimentation with hair color as a form of self-expression. Temporary hair color sprays provide an accessible and non-committal avenue for women to explore different looks, whether they want to express their creativity, follow the latest trends, or simply change their appearance for special occasions. Hence, these factors can boost the demand in the segment.
The Online segment is registering a CAGR of 5.8% during (2023 - 2030). Additionally, The Convenience Stores market is expected to witness a CAGR of 5% during (2023 - 2030). Online platforms offer a wide array of hair color spray products, allowing consumers to explore various brands, formulations, and colors from the comfort of their homes. As per the International Trade Administration, consumer e-commerce now accounts for 36.3% of the total retail sector in the UK (as of Jan 2021), with e-commerce revenue projected to increase to 285.60 billion dollars by 2025. In 2022, UK online sales saw their highest annual growth since 2007, rising 36%. Hence, these factors can assist in the growth of the segment.
Full Report: https://www.kbvresearch.com/hair-color-spray-market/
The Asia Pacific region dominated the Global Hair Color Spray Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.2 billion by 2030. The Europe region would exhibit a CAGR of 4.9% during (2023 - 2030). Additionally, The North America region is experiencing a CAGR of 4.6% during (2023 - 2030).
By End-user (Volume, Thousand Units (PER 100 ML), USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Units (PER 100 ML), USD Billion, 2019-2030)
By Geography (Volume, Thousand Units (PER 100 ML), USD Billion, 2019-2030)
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