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Therapeutic Hair Oil Market Report: Global Top Most Companies, Size, Trends And Upcoming Forecasts 2033
Therapeutic Hair Oil Market Report
Therapeutic Hair Oil Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $5.87 billion In 2028 At A CAGR Of 12.8% :
The therapeutic hair oil market size has grown strongly in recent years. It will grow from $3.42 billion in 2023 to $3.62 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to growing urbanization and lifestyle changes, growing preference for natural and organic ingredients, rising aging population, medical endorsements and recommendations, popularity of hair oils enriched with nourishing ingredients and therapeutic properties.
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.
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Therapeutic Hair Oil Market Major Segments
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
Key Driver - Surge of Therapeutic Hair Oils Driving Growth in the Evolving Hair Care Sector
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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Prominent Trend - Revolutionizes The Therapeutic Hair Oil Market With Innovative Rosemary Hair Growth Oil
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.
Therapeutic Hair Oil Market Players
Major companies operating in the therapeutic hair oil market report are Johnson & Johnson, Procter & Gamble, Unilever, L'Oréal S.A., Henkel AG & Co. KGaA, Bajaj Corp Ltd., Coty Inc., Patanjali Ayurved, Dabur Ltd., Marico Limited, Aveda Corporation, Biotique, Khadi Natural, The Himalaya Drug Company, Lotus Herbals, Cavin Care Group, Emami Group, VLCC Health Care Limited, A.G Industries, Moroccanoil, Apivita, Soulflower Co.Ltd., TRESemmé, Parachute
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the therapeutic hair oil market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the therapeutic hair oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Therapeutic Hair Oil Market Report Structure
3. Therapeutic Hair Oil Market Trends And Strategies
4. Therapeutic Hair Oil Market - Macro Economic Scenario
5. Therapeutic Hair Oil Market Size And Growth
…..
27. Therapeutic Hair Oil Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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