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Global Hair Loss Treatment Products Market Projected to Grow at 8.5% CAGR, Reaching $3.83 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Hair Loss Treatment Products Industry Market Size Be by 2025?
In recent times, the market for hair loss treatment products has seen a robust expansion. The market size is projected to increase from $2.54 billion in 2024 to $2.77 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. Factors contributing to the growth in the past include the increasing occurrence of androgenetic alopecia, higher levels of stress, rising consciousness about personal grooming, a growing older population, and enhanced access to dermatological care.
What's the Long-Term Growth Forecast for the Hair Loss Treatment Products Market Size Through 2029?
The market size for hair loss treatment products is projected to significantly expand in the forthcoming years, skyrocketing to $3.83 billion in 2029 with a compound annual growth rate (CAGR) of 8.5%. The anticipated expansion during this forecast period can be tied to several factors such as the mounting demand for non-invasive procedures, escalated disposable income, the domineering influence of beauty standards set by social media, increased accessibility to over-the-counter solutions, and the widespread usage of plant-based components. The forecast period is characterized by noteworthy trends including breakthroughs in biotechnology, the endorsement of laser-centric therapies, the incorporation of artificial intelligence in suggesting treatments, the creation of products that cater to specific genders, along with the emerging prominence of subscription-based treatment regimes.
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What Are the Key Growth Drivers Fueling the Hair Loss Treatment Products Market Expansion?
The surge in stress levels is projected to fuel the expansion of the hair loss treatment products market in the forthcoming years. Stress levels indicate the mental or emotional burden a person is grappling with. The main reason for escalated stress levels is increasing work demands, as professionals are dealing with extended working hours, stringent deadlines, and soaring performance requirements in competitive workplaces. Escalated stress levels cause an increase in cases of hair loss, pushing more individuals to look for treatment options. This rising apprehension is pushing the demand for hair loss treatment products. For example, the American Psychiatric Association, a US-based entity, reported in May 2024 that 43% of U.S. adults claimed to be more worried compared to the previous year, which is an increase from 37% in 2023 and 32% in 2022. This shows a consistent growth in anxiety levels for the last three years. Hence, augmented stress levels are contributing to the growth of the hair loss treatment products market.
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What Long-Term Trends Will Define the Future of the Hair Loss Treatment Products Market?
Top firms operating in the market for hair loss treatment products are directing their efforts towards manufacturing innovative items such as anti-hair fall systems. These systems, which offer an array of treatments and products designed to halt hair thinning and boost growth, assist hair loss treatment by providing nourishment to the scalp, bolstering hair follicles, and curtailing hair shedding. As an example, Aveda Corporation, a U.S.-based cosmetic business, unveiled the Invati Ultra Advanced Collection in July 2024. This collection employs plant-based technology to curtail hair loss and bolster thin hair. It comprises shampoo, conditioner, and scalp serum prepared with botanical components and strives to bestow noticeably denser and fuller hair with regular use. Moreover, it ensures a healthy scalp environment which in turn promotes long-term hair health.
How Is the Hair Loss Treatment Products Market Segmented?
The hair loss treatment products market covered in this report is segmented -
1) By Product Type: Shampoo And Conditioner, Supplements And Vitamins, Serum And Oil, Other Product Types
2) By Disease Type: Alopecia Areata, Cicatricial Alopecia, Traction Alopecia, Alopecia Totalis, Alopecia Universalis, Other Disease Types
3) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Specialist Retailers, Pharmacies Or Drugstores, Online Retail, Medical Or Pharmacy Stores, E-Commerce, Departmental Stores, Other Distribution Channels
4) By End-User: Hospitals, Home Healthcare Settings, Dermatology Centres, Other End-Users
Subsegments:
1) By Shampoo And Conditioner: Anti-Dandruff Shampoo, Thickening Or Volumizing Shampoo, Sulfate-Free Shampoo, Hair Regrowth Conditioner, Herbal Or Natural Shampoo And Conditioner
2) By Supplements And Vitamins: Biotin Supplements, Multivitamins, Iron Supplements, Collagen Supplements, Omega-3 Fatty Acids
3) By Serum And Oil: Minoxidil-Based Serums, Herbal Hair Serums, Essential Oil Blends, Argan Oil-Based Products, Castor Oil-Based Treatments
4) By Other Product Types: Hair Masks, Hair Sprays and Mists, Scalp Exfoliators, Leave-In Treatments, Laser Hair Growth Devices
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Which Companies Are Leading the Charge in Hair Loss Treatment Products Market Innovation?
Major companies operating in the hair loss treatment products market are Pfizer Inc., Johnson & Johnson Services Inc., Unilever PLC, Bayer Aktiengesellschaft, L'Oréal S.A., The Estée Lauder Companies Inc., Kao Corporation, Shiseido Company Limited, Galderma S.A., Dr. Reddy's Laboratories Ltd., Taisho Pharmaceutical Holdings Co. Ltd., Revlon Inc., Merz Pharma GmbH & Co. KGaA, Hims & Hers Health Inc., Pierre Fabre S.A., Roman Health Ventures Inc, Aclaris Therapeutics Inc., HUM Nutrition Inc., OMI Industries Inc., Thirty Madison Inc., ULO LLC, TYPEBEA Inc.
Which Regions Are Leading the Global Hair Loss Treatment Products Market in Revenue?
Asia-Pacific was the largest region in the hair loss treatment products market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hair loss treatment products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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