The Therapeutic Hair Oil Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Therapeutic Hair Oil Global Market Report 2024, The therapeutic hair oil market size is expected to see rapid growth in the next few years. It will grow to $5.87 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to growing consumer awareness of the benefits of herbal products, adverse effects of air pollution on hair, growing prevalence of common hair issues, innovative product formulations, rising demand for natural and organic products. Major trends in the forecast period include new product launches, partnerships with influencers, developing portable and user-friendly technologies, technological advancements.
The increasing demand in the hair care sector is expected to propel the growth of the therapeutic hair oil market going forward. Hair care refers to the practice of maintaining and improving the health, cleanliness, and appearance of hair. Therapeutic hair oil offers specialized products that target specific hair and scalp concerns, as well as specialized, targeted solutions that resonate with evolving consumer preferences and priorities. For instance, in May 2022, according to Global Cosmetic Industry Magazine, a US-based beauty and personal care group, the hair care sector is expected to jump 15% year-over-year, a growth rate that is anticipated to continue through 2024. Further, an additional 6.7 million hair care buyers came into the prestige hair space, while spending per buyer rose by 29%. Therefore, the increasing demand in the hair care sector is driving the growth of the therapeutic hair oil market.
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The therapeutic hair oil market covered in this report is segmented –
1) By Product: Anti-dandruff Hair Oil, Anti-greying Hair Oil, Anti-inflammatory Hair Oil, Hair Growth Oil, Other Products
2) By Indication: Alopecia, Inflammatory Skin Disease, Premature Grey Hair, Other Indications
3) By Age Group: Baby And Kids, Men, Women, Unisex
4) By Distribution Channel: E-commerce Websites, Company-owned Websites, Specialty Stores, Hypermarket, Other Distribution Channels
Major companies operating in the therapeutic hair oil market are developing innovative products, such as hair growth oils, to strengthen their position in the market. Hair growth oils are products designed to promote healthy hair growth, nourish the scalp, and strengthen hair follicles. For instance, in December 2023, Dabur Vatika, an India-based ayurveda company, launched the Rosemary Hair Growth Oil, a hair oil fortified with the goodness of rosemary, hibiscus, and coconut. It provides quality solutions that empower users to discover the joy of fuller, thicker, and stronger hair. The company has emphasized that the hair oil has been developed after extensive research and development to help treat various hair-related ailments. The launch of this product is part of Dabur Vatika’s commitment to providing quality solutions for holistic hair care.
The therapeutic hair oil market report table of contents includes:
1. Executive Summary
2. Therapeutic Hair Oil Market Characteristics
3. Therapeutic Hair Oil Market Trends And Strategies
4. Therapeutic Hair Oil Market – Macro Economic Scenario
…
32. Global Therapeutic Hair Oil Market Competitive Benchmarking
33. Global Therapeutic Hair Oil Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Therapeutic Hair Oil Market
35. Therapeutic Hair Oil Market Future Outlook and Potential Analysis
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