Product ID: SQSG30L2021
Global Hair Oil Market Size, Share, Growth Analysis, By Product Type(Coconut Oil, Almond Oil), By Category(Non-Medicated, Medicated), By Distribution Channel(Hypermarkets & Supermarkets, Pharmacies) - Industry Forecast 2024-2031
Report ID:
SQSG30L2021 |
Region:
Global |
Published Date: February, 2024
Pages:
260
|
Tables:
91 |
Figures:
76
Global Hair Oil Market Regional Insights
Asia Pacific is projected to continue holding a significant global hair oil market share due to strong population base in India, China, Japan, and South Korea. In fact, the region houses over 45% of the global population. In addition to this, the region has strong presence of elderly population which has a significant impact on the prevalence of hair-related diseases in these nations. According to data provided by the Statistics Bureau of Japan, 35.89 million people in Japan were 65 years of age or older as of 2019. The populace in the region is also becoming more conscious of personal cleanliness and health care issues, which is boosting the market expansion.
Rising innovation and new product introductions by start-ups are further driving market growth. For instance, on September 17, 2021, an 85-year-old Indian couple was moved by the hair loss of their daughter and introduced Keshpallav, a hair oil that contains 50 plants. Male pattern baldness, hair loss, and other scalp-related disorders can all be helped with this oil. Additionally advised in ayurvedic treatment, scalp rubbing with oil is a custom in Indian culture. Additionally, a rising consumer desire for herbal and natural hair oils to cure postpartum hair loss is propelling market expansion in this area. For instance, "Nomees Dhruvi" made its debut in August 2020 and was created especially for ladies who struggle with postpartum hair loss. It
North America is predicted to expand at a faster rate in the global hair oil market due to the substantial infrastructure facilities connected to spa clinics in nations like Mexico and the United States, which are likely to promote the demand for medicated hair oil products in the region. The American Med Spa Association's research indicates that there were 5,431 med spas in the United States as of 2018. Additionally, the region's market is expanding as a result of the increased demand for professional hair and skin care products and the presence of a population with greater incomes.
Product innovations and the presence of major companies like Procter & Gamble, Coty Inc., L'Oreal, and others are supporting the market growth. Increased investment in the growth of the beauty and personal care industries by businesses in the region is credited with driving the market's rapid expansion in North America. Increasing demand for more sophisticated and affordable hair treatments is another element boosting North America hair oil market revenue. More than 90% of American consumers are interested in buying hair care products and are serious about their haircare habits. Consumers in the United States, Canada, and Mexico intend to buy more specialised hair-related products, including oils, shampoos, and treatments for the hair and scalp, among others.
Over the course of the projection period, the Europe hair oil market is anticipated to expand steadily. For companies delivering the newest hair oil solutions, the rising desire for customised skin and hair care products is opening up significant revenue prospects. The abundance of spas and salons in the nations in this region is also helping the market's income to increase.
Global Hair Oil Market Report Snapshots
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