Hair Growth Products Market 2023-2028: Size, Share, Trends, Growth Rate, and Forecast

According to the latest report by IMARC Group, titled “Hair Growth Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global hair growth products market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

How big is the Hair Growth Products Market?

The global hair growth products market size reached US$ 8.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

Hair Growth Products Market Overview:

Hair growth products encompass a variety of hair care products specifically formulated to stimulate hair growth and prevent hair loss. They comprise serums, oils, shampoos, conditioners, and supplements that provide nourishment and support the growth of healthy hair. These products contain ingredients such as biotin, zinc, iron, collagen, vitamin C, niacin, caffeine, ginseng, and minoxidil. They are manufactured using a combination of synthetic or natural components, along with additional substances like agents, preservatives, surfactants, and emulsifiers. The purpose of hair growth products is to combat hair thinning and enhance overall hair growth by partially enlarging hair follicles and prolonging the hair’s growth phase.

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Hair Growth Products Market Trends:

The hair growth products market is primarily driven by consumer awareness towards personal care. Additionally, the widespread adoption of shampoos and conditioners, known for their overall hair health benefits and hair growth promotion, further fuels market growth. These products address issues such as dryness, oiliness, itchiness, dandruff, and scalp redness, ensuring clean and healthy hair. Furthermore, the introduction of veg keratin products, including hair conditioners, oils, and shampoos made from cruelty-free, chemical-free, and plant-based ingredients, aids in reducing damage and replenishing hair protein, thus driving the market growth. The rising prevalence of stress, anxiety, and concerns about the harmful effects of pollution also contribute to market expansion.

Moreover, the widespread adoption of hair growth products by individuals experiencing hair loss due to hormonal changes, medical conditions, heredity, and aging serves as another growth driver. Additionally, the launch of affordable herbal product variants made with organic ingredients, vegan formulas, and free from ammonia is anticipated to fuel the hair growth products market over the forecasted period.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/hair-growth-products-market

Key Market Segmentation:

Competitive Landscape with Key Players:

• Farouk Systems Inc.
• Johnson & Johnson
• L’Oréal S.A.
• Mosaic Wellness
• Nutrafol (Unilever plc)
• Philip Kingsley Products Ltd.
• Vita Balance Inc.
• Yanagiya Honten Co. Ltd.

Product Type Insights:

• Shampoos and Conditioners
• Serums
• Oils
• Supplements and Vitamins
• Others

Gender Insights:

• Men
• Women

Age Group Insights:

• Under 35
• 35 to 50
• Above 50

Distribution Channel Insights:

• Online
• Offline

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance 
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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