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Hair Growth Supplement And Treatment Global Market is Booming Across the Globe and Witness Huge Growth By Key Players To 2033 | Unilever Plc, Amway Corp., ProThera Inc., Curallux LLC, Capillus LLC
Hair Growth Supplement And Treatment Market
As per the report, the hair growth supplement and treatment market size has grown strongly in recent years. It will grow from $8.19 billion in 2023 to $8.97 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The hair growth supplement and treatment market size is expected to see strong growth in the next few years. It will grow to $13.01 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
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Surge In Thyroid Disorders Drives Growth In The Hair Growth Supplement And Treatment Market
The increase in the number of thyroid disorders is expected to propel the growth of the hair growth supplement and treatment market going forward. Thyroid disorders are health conditions characterized by either inadequate or excessive production of hormones by the thyroid gland or the emergence of abnormal growth within the gland. The prevalence of thyroid disorders is increasing due to factors such as environmental elements, genetic tendencies, and lifestyle alterations. Hair growth supplements and treatments are assisting people with thyroid disorders by managing the hair thinning or loss commonly linked to thyroid imbalances, offering a remedy to alleviate the impact of these conditions. For instance, in January 2024, according to Cancer Australia, an Australia-based government agency for cancer, Australia witnessed 112 fatalities attributed to thyroid cancer, with 48 occurring in males and 64 in females in 2020. Projections for 2022 indicated an expected increase, with an estimated total of 143 deaths, comprising 72 males and 71 females. Therefore, the increase in cases of thyroid disorders is driving the growth of the hair growth supplement and treatment market.
Innovative Ingredients And Formulations Revolutionize The Hair Growth Supplements And Treatment Market
Major companies operating in the hair growth supplement and treatment market are developing innovative solutions, such as vegan hair supplements, to cater to the growing demand for plant-based and cruelty-free products, targeting health-conscious consumers who prefer natural and ethical options. Vegan hair supplements are plant-based products designed to promote hair growth and health without using any animal-derived ingredients. For instance, in September 2021, Sulo Nutrition, an India-based nutraceutical brand, launched its first vegan gumm*ies. It contains a high nutritional value of Indian ingredients enriched with biotin, amla extracts, zinc, and vitamin B12. These gumm*ies strengthen hair roots, reduce hair fall, and promote hair growth while offering a tasty and pleasant alternative to traditional supplements.
The hair growth supplement and treatment market covered in this report is segmented -
1) By Type: Supplements, Pharmaceuticals, Devices
2) By Form: Tablets And Capsules, Gumm*ies And Soft Gels, Liquids, Powders
3) By Distribution Channel: Hypermarkets Or Supermarkets, Specialty Stores, Drugstores And Pharmacies, Online Retail, Other Distribution Channels
4) By End User: Men, Women
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Major companies operating in the hair growth supplement and treatment market are Johnson & Johnson Services Inc, Procter & Gamble Company, Unilever Plc, Merck and Co. Inc., L'Oreal SA, Amway Corp., Amorepacific Corporation, General Nutrition Centers Inc, Oriflame Cosmetics AG, The Natures Bounty Co., Schiff Nutrition International Inc., Swisse Wellness, Country Life LLC, ProCaps Laboratories Inc., Wontech Co. Ltd., ProThera Inc., Curallux LLC, Capillus LLC, ExoCoBio Inc., Nioxin Research Laboratories Inc., Invite Health Inc., iRestore Hair Growth System, Ultrax Labs, Hairfinity Limited
Contents of the report:
1. Executive Summary
2. Hair Growth Supplement And Treatment Market Report Structure
3. Hair Growth Supplement And Treatment Market Trends And Strategies
4. Hair Growth Supplement And Treatment Market - Macro Economic Scenario
5. Hair Growth Supplement And Treatment Market Size And Growth
…..
27. Hair Growth Supplement And Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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