Press release
Primary Catalyst Driving Hair Growth Serum Market Evolution in 2025: Increasing Hair Loss Benefit On The Hair Growth Serum Market Driver
Hair Growth Serum Market
The size of the market for hair growth serums has witnessed robust growth over the past few years. Its anticipated growth from $1.71 billion in 2024 to $1.85 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%, is notable. The growth observed in the historical period can be attributed to factors such as an increase in instances of hair loss and damage, heightened awareness about hair health, improving economic conditions and rising disposable income, enhanced development of herbal and organic products, and increased focus on the development of hair care products.
Over the coming years, the hair growth serum market size is set to experience robust growth. It is projected to reach $2.52 billion in 2029, with a compound annual growth rate (CAGR) of 8.0%. This growth during the forecast period is linked to the increasing trend of hair coloring and styling, broadening of professional hair care services, surging demand for hair rejuvenation, heightened attention to hair health and appearance, and escalating preference for natural and organic ingredients in hair care products. Key trends foreseen during this period involve innovative hair serum recipes, progress in organic and natural hair serum formulation, creative developments in hair styling products, improvements in hair care devices, and forward strides in hair care products.
What Are the Primary Growth Drivers for the Hair Growth Serum Market?
The escalating prevalence of hair loss is anticipated to spur the expansion of the hair growth serum market in the future. Hair loss pertains to the partial or total loss of hair from the scalp or other areas of the body and it is often associated with nutritional deficiencies, hormonal shifts, genetic factors, and heightened stress. Hair growth serums are formulated to tackle hair loss and thinning by providing nourishment to the scalp, invigorating hair follicles, and encouraging the growth of stronger, healthier hair. For instance, a report by the Hair Society, a US-based all-inclusive professional entity, in March 2022 stated that around 21 million women and 35 million men worldwide were impacted by hair loss. Furthermore, the National Health Service, a UK-based governmental body, projected that roughly 8 million women and 6.5 million men in the UK will suffer from hair loss by 2024. Notably, over 650,000 hair transplants procedures are performed yearly. With that in mind, the surge in hair loss cases fuels the demand for hair growth serum in the market.
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Which Key Market Leaders Are Driving Hair Growth Serum Industry Growth?
Major companies operating in the hair growth serum market are L'Oréal S.A., Kao Corporation, Wella AG, Revlon Inc, Aveda Corporation, Hims & Hers Health Inc., Lanza, Strength of Nature LLC, Vegamour Inc., iRestore, Artnaturals Co., Nutraceutical Wellness Inc., Kerotin Inc., Eufora International, Keranique, DS Healthcare Group Inc., BosleyMD, DrFormulas LLC, Nulastin Inc., Ustra LLC, Finally Hair, Luseta Beauty Inc., Pura d'Or, Briogeo Hair, TreeActiv
What Are the Emerging Trends in the Hair Growth Serum Industry?
Top corporations in the hair growth serum industry are producing reinvigorating hair serums to combat hair loss, stimulate hair growth, and boost the overall health of the hair. A revitalizing hair serum is a unique hair treatment created to rejuvenate and enhance hair quality. For instance, WETHRIVV, an American wellness and fitness services firm, introduced REVIVV Hair Growth Serum, a topical solution designed to encourage hair growth and improve hair aesthetics in February 2022. The serum, made by doctors and scientists, is a non-toxic, drug-free formula aimed to enhance the fullness, thickness, and health of the hair. The serum, recommended by dermatologists and hair professionals, is available in different package options for both men and women. It can be applied with a user-friendly roller device, ensuring efficient application and absorption.
What Are the Main Segments in the Hair Growth Serum Market?
The hair growth serum market covered in this report is segmented -
1) By Type: Without Silicone, With Silicone
2) By Application: Online Store, Specialty Shop, Supermarket, Other Applications
3) By End Use: Men, Women
Subsegments
1) By Without Silicone: Organic Hair Growth Serums, Herbal Hair Growth Serums
2) By With Silicone: Serums with Dimethicone, Serums with Cyclopentasiloxane, Serums with Amino Silicones
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Which Geographic Area Leads the Hair Growth Serum Market?
North America was the largest region in the hair growth serum market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hair growth serum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Hair Growth Serum Global Market Report?
- Market Size Analysis: Analyze the Hair Growth Serum Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hair Growth Serum Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hair Growth Serum Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hair Growth Serum Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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