Beard Oil Market : Expected to Reach a High CAGR of 5.6% by 2029

The global beard oil market is projected to reach ~US$ 1,475 Mn by the end of 2029. The beard oil market was valued at ~US$ 855 Mn in 2019. If these figures hold true, the market will exhibit a CAGR of ~5.6% between 2019 and 2029. Regionally, Europe is expected dominate the beard oil market. However during the forecast period, East Asia will exhibit more lucrative growth opportunities. In terms of product type, the market can be classified into organic & conventional. Growing ingredient awareness have pushed the market for higher growth in organic segment however conventional beard oil holds the highest value share in 2019.

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Key players operating in the Beard Oil market include Brickell Men's Products, Leven Rose, Mountaineer Brand, The American Beard Company, Prophet and Tools, The Gentleman's, Viking Revolution, Honest Amish, ArtNaturals, Macho Bread Company, DapperGanger, and the Rosdon Group . Ltd, Evolution GMBH, Fulllight Tech, Alpha Vikings, Klapp Cosmetics GMBH, Vetyon, Rapid Beard, Texas Beard Company, Hongkong Guan Wei International, etc.

Priority shift towards natural and organic products to boost market growth-
The growing demand for personal care products, aggressive marketing by companies, and the rise of indie brands are expected to drive the growth of the beard oil market. Manufacturers are focusing on developing new products to respond to new consumer trends towards natural and organic skincare products. Manufacturers have also increased interest in product ingredients and packaging. Growing awareness of side effects associated with beard oil such as skin reactions, itching and burning are factors that are expected to hamper the beard oil market.

The Global Beard Oil Market is segmented in detail to cover all aspects of the market and to provide readers with complete market information.

By product type-
essential
traditional

By price-
low
mid range
premium product line

With packaging-
bottling
jar
Different

By sales channel-
wholesaler/distributor
hypermarket/supermarket
specialty store
exclusive store
online store
Etc

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It includes in-depth insights of the Beard Oil Market. Some of them are:
Europe is expected to dominate the global beard oil market due to the concentration of beauty and skincare manufacturers in the region.
East Asia region is projected to grow at the highest CAGR during the forecast period
The high demand for organic products is considered to be a major factor in the growth of the global beard oil market.

Table of contents
1. Execution summary

1.1. Global Market Outlook

1.2. Key Statistical Summary

1.3. Summary of Key Results

1.4. FMI Analysis and Recommendations

2. Market Overview

2.1. market classification

2.2. market coverage

3. Key market trends

3.1. Key trends affecting the market

3.2. Trends in major countries

4. Global Beard Oil Demand Analysis 2014-2018 and Forecast, 2019-2029

4.1. Historical Market Size Analysis, 2014-2018

4.2. Current and Future Market Size Forecast, 2019-2029

4.3. YoY Growth Trend Analysis

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Increase Internet penetration and online sales to drive beard oil market growth -
Rising penetration of e-commerce for the sale of FMCG products in North America and Asia Pacific and rising Internet penetration have spurred B2C growth in the consumer goods sector. Over the years, consumer behavior has changed dramatically, and e-commerce has increased the tendency to search for products online and purchase a variety of products, including skin care and shaving care. Internet retail accounts for ~5% of distribution of men's grooming products.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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This release was published on openPR.