Beard Oil Market to Witness Promising Growth Opportunities by 2024 - 2031 | ArtNaturals, Beardbrand, Bossman Brands, Bulldog Skincare, Honest Amish, Jack Black, Leven Rose, Mountaineer Brand

Beard oil is used to nourish the beard and the skin underneath it. Beard oil helps maintain a shiny, soft, and smooth beard. Various artificial and natural products are utilized to lend a scent to the oil. Beard oil can be used as a substitute for aftershave or cologne. Some of the popular beard oil ingredients include argan oil, jojoba oil, grape seed, castor oil, almond oil, vitamin E, and eucalyptus. Rising awareness about bear oil among the men is expected to boost the demand for the product during the forecast period.

The Global Beard Oil Market in terms of revenue was estimated to be worth USD XX billion in 2023 and is poised to grow at a CAGR of 6.0% from 2024 to 2031.

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Top Key Players Profiled in This Report:
ArtNaturals, Beardbrand, Bossman Brands, Bulldog Skincare, Honest Amish, Jack Black, Leven Rose, Mountaineer Brand, Old Spice, Rocky Mountain Barber Company and Others.

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.

Beard Oil Market Dynamics
• Drivers: Rising Awareness of Grooming Trends Boosts Demand for Beard Oil.
• Restraints: Limited Consumer Awareness about Beard Oil Benefits Hinders Market Expansion.
• Opportunities: Expansion of Distribution Channels Including Online Platforms and Specialty Stores.
• Challenges: Intense Competition from Established and New Entrants in the Beard Care Market.

Increasing prevalence of e-Commerce and rising internet penetration for selling FMCG products in North America and Asia Pacific have surge the growth of B2C in the consumer goods sector. Over the years, consumers' behaviour has drastically changed, and they are more inclined towards researching about products online and purchasing various products such as skin care and shave care through e-Commerce. Internet retailing accounts for ~5% of male grooming products distribution.

In order to capitalize on millennial that are tech-savvy, companies engaged with consumers through social media and other digital avenues to advertise their products and increase beard oil market share via online sales channel.

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Beard Oil Market Segmentation by Product Type:
• Organic
• Conventional

Beard Oil Market Segmentation by Packaging:
• Bottle
• Tubes
• Others (Jars, Pouches)

Beard Oil Market Segmentation by Price Range:
• Low (upto 15$)
• Mid (15$-30$)
• High (above 30$)

Beard Oil Market Segmentation by End-user:
• Personal use
• Commercial use

Beard Oil Market by Regions:
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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This release was published on openPR.