Hair Oil Market Share, Size & Industry Growth Report, 2020-2027

Growth opportunities in the hair oil market look promising over the next six years. This is mainly due to the growing concern towards maintaining hair growth, increasing hair problems, availability of a wide range of hair oil products, and consumers' inclination towards organic hair products.

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Hair Oil Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The key factor driving the growth of the global hair oil market is the inclination of consumers towards natural and organic hair care products. Additionally, the surging hair problems like hair fall, breakage, and dryness and the increasing concern to maintain hair growth are further expected to boost the demand for hair oil products in the market.

Rising consumer preference for origin-specific ingredients persuades women to spend more on organic hair care products, thus strengthening the growth of the global hair oil market share. Also, a huge range of hair oil products are available in the market and offers various benefits, which attract consumers towards the market. The leading market players are investing in various R & D activities to enhance and improve hair oil to meet the changing consumer demand. On the other hand, the easy availability of non-oil hair care products is expected to hamper the market growth.

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Product Type Segment Drivers

Based on the Product Type, the Argan Oil is projected to expand at a faster CAGR over the forecast period due to the large use of argan oil in cosmetic and medical applications throughout the world. The oil has antioxidant properties, thus helping in hair growth. Moreover, argan oil is mainly used in western countries for hair care and is considered a rich vitamin E source, thus strengthening the growth of this segment.

Regional Drivers

On the basis of region, the Asia-Pacific is predicted to lead the market over the forecast period owing to the increase in hair-related problems along with the growing population in this region. Additionally, hair and scalp problems like damaged hair, hair loss, and other issues have turned the consumers towards hair oil products, thus fuelling the market growth. Moreover, the rising consciousness among the young population about their hair appearance will boost the demand for hair oil products in this region.

Hair Oil Market’s leading Manufacturers:

• Procter & Gamble
• Henkel AG & CO. KGAA
• Emami Group
• Bajaj Corp Ltd.
• Dabur India Limited
• Unilever PLC
• Cavin Care Group
• Marico Limited
• Loreal S.A.

Hair Oil Market Segmentation:

Segmentation by Product Type:
• Coconut Oil
• Almond Oil
• Argan Oil
• Others

Segmentation by Distribution Channel:
• Specialty Stores
• Drug Stores/Pharmacies
• Supermarket/Hypermarkets
• Convenience Stores
• Others

Segmentation by Region:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

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This release was published on openPR.