Reports
Global Hair Growth Products Market Size, Share, Growth: By Product Type: Shampoos and Conditioners, Serums, Finasteride, Minoxidil, Oils, Supplements and Vitamins, Injectables, Devices; By Gender: Men, Women; By Age Group: Under 35, 35 to 50, Above 50; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Hair Growth Products Market Outlook
The global hair growth products market stood at a value of around USD 10.74 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.0% to reach a value of USD 21.42 million by 2032.
Shampoos and Conditioners Segment Holds a Significant Share in the Global Hair Growth Products Industry
Shampoos and conditioners are great for the overall health of the hair and boost hair growth significantly. Shampoos fight dryness and oiliness, eradicate itchiness and irritation, help fight dandruff and remove redness of the scalp, and make the hair clean and healthy. Meanwhile, conditioners increase the softness of the hair, making them smooth and attractive. These factors are aiding the growth of the segment. Additionally, the growing demand for herbal and clean labelled products is expected to further propel the industry forward.
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The Asia Pacific Accounts for a Significant Share in the Hair Growth Products Industry
The hair growth products industry in the region is driven by the thriving retail sector, coupled with the expansion of the leading cosmetics and personal care companies. The rising investments in hair care and restoration products in countries like India, China, and South Korea, among others owing to the rising focus on physical appearance, are likely to augment the market in the forecast period. Additionally, the growing product innovation in the cosmetic industry is anticipated to provide impetus to the market. Moreover, the growing popularity of online platforms including Nykaa to purchase cosmetics is likely to propel the sales of hair growth products.
Hair Growth Products: Market Segmentation
Hair growth products are the different types of hair care products that boost hair growth by reducing hair loss. These products help prevent thinning of hair and improve the overall hair growth. These include serums, oils, supplements, and others to provide nourishment and foster hair growth.
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Based on product type, the market can be segmented into:
- Shampoo and Conditioners
- Serums
- Finasteride
- Minoxidil
- Oils
- Supplements and Vitamins
- Injectables
- Devices
On the basis of gender, the market has been bifurcated into:
- Men
- Women
By age group, the market has been segmented into:
- Under 35
- 35 to 50
- Above 50
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Cases of Hair Loss and the Growing Awareness about Personal Care to Boost the Growth of the Hair Growth Products Industry
The hair growth products industry is being driven by factors such as the rising consumer awareness about personal care, rising living standards, expanding fashion industry, growing popularity of hair care products among the youth, and rapid urbanisation. In addition to this, the growing cases of hair loss due to changing lifestyles, increasing pollution, and increasing prevalence of chronic diseases that lead to hair loss in the long-run, are likely to be major factors driving the market in the forecast period. Furthermore, the emerging e-commerce industry is likely to propel the sales of hair growth products significantly owing to attractive discounts offered to consumers and the convenience factor.
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Key Industry Players in the Global Hair Growth Products Market
The report gives a detailed analysis of the following key players in the global hair growth products market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Johnson & Johnson Consumer Inc.
- Vita Balance Inc.
- Philip Kingsley Products Ltd
- Glenmark Pharmaceuticals
- Farouk Systems, Inc.
- Nutraceutical Wellness Inc.
- Mosaic Wellness PVT LTD.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report:
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Gender, Age Group, Region |
| Breakup by Product Type | Shampoo and Conditioners, Serums, Finasteride, Minoxidil, Oils, Supplements and Vitamins, Injectables, Devices |
| reakup by Gender | Men, Women |
| Breakup by Age Group | Under 35, 35 to 50, Above 50 |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Johnson & Johnson Consumer Inc., Vita Balance Inc., Philip Kingsley Products Ltd, Glenmark Pharmaceuticals, Farouk Systems, Inc., Nutraceutical Wellness Inc., Mosaic Wellness PVT LTD., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Hair Growth Products Market Analysis
8.1 Key Industry Highlights
8.2 Global Hair Growth Products Historical Market (2018-2023)
8.3 Global Hair Growth Products Market Forecast (2024-2032)
8.4 Global Hair Growth Products Market by Product Type
8.4.1 Shampoos and Conditioners
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Serums
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Finasteride
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Minoxidil
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Oils
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Supplements and Vitamins
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Injectables
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Devices
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.5 Global Hair Growth Products Market by Gender
8.5.1 Men
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Women
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Hair Growth Products Market by Age Group
8.6.1 Under 35
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 35 to 50
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Above 50
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Hair Growth Products Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Hair Growth Products Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Hair Growth Products Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Hair Growth Products Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Hair Growth Products Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Hair Growth Products Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Johnson & Johnson Consumer Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Vita Balance Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Philip Kingsley Products Ltd
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Glenmark Pharmaceuticals
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Farouk Systems, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Nutraceutical Wellness Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Mosaic Wellness PVT LTD.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Hair Growth Products Market: Key Industry Highlights, 2018 and 2032
2. Global Hair Growth Products Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Hair Growth Products Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Hair Growth Products Historical Market: Breakup by Gender (USD Billion), 2018-2023
5. Global Hair Growth Products Market Forecast: Breakup by Gender (USD Billion), 2024-2032
6. Global Hair Growth Products Historical Market: Breakup by Age Group (USD Billion), 2018-2023
7. Global Hair Growth Products Market Forecast: Breakup by Age Group (USD Billion), 2024-2032
8. Global Hair Growth Products Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Hair Growth Products Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Hair Growth Products Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Hair Growth Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Hair Growth Products Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Hair Growth Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Hair Growth Products Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Hair Growth Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Hair Growth Products Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Hair Growth Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Hair Growth Products Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Hair Growth Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Hair Growth Products Market Structure
Key Questions Answered in the Report
In 2021, the global hair growth products market attained a value of nearly USD 10.74 billion.
The market is estimated to grow at a CAGR of 8.0% between 2024 and 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising cases of hair loss among the young population, changing lifestyles, rising purchasing power of the working-class population, growing innovations in the cosmetic and personal care sector, and rapid urbanisation, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the emerging e-commerce industry, coupled with the growing demand for herbal care products.
Shampoo and conditioners, serums, finasteride, minoxidil, oils, supplements and vitamins, injectables, and devices are the major product types in the market.
Men and women are the different genders based on which the market has been bifurcated.
Under 35, 35 to 50, and Above 50 are the different age groups considered within the market report.
The major players in the industry are Johnson & Johnson Consumer Inc., Vita Balance Inc., Philip Kingsley Products Ltd, Glenmark Pharmaceuticals, Farouk Systems, Inc., Nutraceutical Wellness Inc., and Mosaic Wellness PVT LTD., among others.
Analyst Review
The global hair growth products market attained a value of USD 10.74 billion in 2023, driven by the thriving personal care industry. Aided by the growing product innovation aimed towards enhancing the quality of hair treatment products, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8.0%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the market is divided into shampoos and conditioners, serums, finasteride, minoxidil, oils, supplements and vitamins, injectables, devices. On the basis of gender, the market is divided into men and women. By age group, the market has been segmented into under 35, 35 to 50, and above 50. The major regional markets for hair growth products are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Johnson & Johnson Consumer Inc., Vita Balance Inc., Philip Kingsley Products Ltd, Glenmark Pharmaceuticals, Farouk Systems, Inc., Nutraceutical Wellness Inc., and Mosaic Wellness PVT LTD., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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