Market Size of South America Hair Colorants Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.80 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South America Hair Colorants Market Analysis
South America Hair Colorants Market is projected to grow at a CAGR of 4.8% during the forecast period (2020 - 2025).
- Young population prefers to use semi-permanent or temporary hair colorants which are ammonia-free and peroxide-free.
- Changing lifestyles, rising urbanization, and the growing youth population in emerging economies is driving the hair color market.
- However, consumer awareness about the harmful effects of chemicals in hair colorants that damage hair is affecting the market growth.
South America Hair Colorants Industry Segmentation
The South America colorants market is segmented by product type into bleachers, highlighters, permanent colorants, semi-permanent colorants, and others. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, specialist retailers, online stores, and others. The study also involves the analysis of regions such as Brazil, Argentina and rest of South America.
By Product Type | |
Bleachers | |
Highlighters | |
Permanent Colorants | |
Semi-Permanent Colorants | |
Others |
By Distribution Channel | |
Supermarkets/Hypermarkets | |
Convenience Stores | |
Specialist Retailers | |
Online Stores | |
Others |
Geography | |||||
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South America Hair Colorants Market Size Summary
The South America hair colorants market is experiencing a notable expansion, driven by factors such as changing lifestyles, increasing urbanization, and a burgeoning youth demographic in emerging economies. The preference for semi-permanent or temporary hair colorants, particularly those that are ammonia-free and peroxide-free, is gaining traction among the younger population. In Brazil, hair coloring is a prevalent practice, with a significant portion of women embracing it as a primary hair care product. The openness to transformation and the desire for stylish looks are key motivators for the widespread use of hair colorants in the country. However, the market faces challenges due to consumer concerns regarding the potential harmful effects of chemical ingredients in these products.
The retail landscape plays a crucial role in the market's growth, with supermarkets and hypermarkets emerging as dominant sales channels. These retail formats benefit from a vast array of brand offerings, catering to diverse consumer preferences and providing value through attractive discounts and schemes. The competitive nature of the market is underscored by the efforts of major players like Henkel AG & Co. KGaA, L'Oreal S.A, Kao Corporation, and Avon Products, Inc., who are focused on meeting consumer demands for a variety of color options and safer product formulations. This competitive dynamic, coupled with the strategic expansion of retail spaces, is contributing to the overall growth of the hair colorants market in South America.
South America Hair Colorants Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Bleachers
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2.1.2 Highlighters
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2.1.3 Permanent Colorants
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2.1.4 Semi-Permanent Colorants
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2.1.5 Others
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2.2 By Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Specialist Retailers
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2.2.4 Online Stores
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2.2.5 Others
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2.3 Geography
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2.3.1 South America
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2.3.1.1 Brazil
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2.3.1.2 Argentina
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2.3.1.3 Rest of South America
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South America Hair Colorants Market Size FAQs
What is the current South America Hair Colorants Market size?
The South America Hair Colorants Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)
Who are the key players in South America Hair Colorants Market?
Henkel AG & Co. KGaA, L'Oreal S.A, Kao Corporation, Hoyu Co., Ltd. and Avon Products, Inc. are the major companies operating in the South America Hair Colorants Market.