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 Insights
Hair Oil Market size was valued at USD 20.2 billion in 2019 and is poised to grow from USD 21.79 billion in 2023 to USD 40.12 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).
An individual frequently uses hair oils to reduce the likelihood of hair loss, dandruff, and other hair issues. The market is expanding primarily due to rising consumer awareness about the availability of various hair care products. Customers specifically search these as per their hair types that may include dry and smooth. The product primarily aids in lengthening and strengthening hair, which supports the market expansion. These days, basil, aloe Vera, and other plant extracts used to make these oils are incredibly popular since they work so well at nourishing hair. As a result, producers are putting a lot of effort into creating these medicated hair oil solutions to address people's hair-related issues. For instance, in New York, U.S., in 2019, the British haircare brand Champo, whose parent company is CHAMPO LTD., introduced a range of hair care items based on Ayurvedic principles, including shampoo, hair oil, conditioners, etc.
The demand for medicated hair oil products is anticipated to increase due to the rising prevalence of hair-related issues and disorders, including Alopecia areata, Telogen effluvium, and many others. As of August 2020, the United States was home to almost 50 million men and 30 million women who have androgenetic alopecia hair disease, according to data provided by the U.S. National Library of Medicine. Furthermore, an increasing number of spa clinics & hair salons across the globe is further supporting the growth of the market.
The damage that regular pollution causes the hair to become dry. As a result, there is a significant shift in consumer preference for hair oils, as massaging hair oils into the scalp can both prevent hair from drying out and increase an individual's hair volume. The global hair oil market is being driven by consumer preference for hair oils because they are among the best hair care products. The increasing customer desire for light hair oils is another reason that enables players to consistently invent new hair oil products.
US Hair Oil Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Hair Oil Market Report Snapshots
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