Press release
Top Market Shifts Transforming the Therapeutic Hair Oil Market Landscape: Key Insights
Therapeutic Hair Oil
What Is the Expected CAGR for the Therapeutic Hair Oil Market Through 2025?
The market for therapeutic hair oil has seen solid growth over the recent years. The market is anticipated to expand from $3.62 billion in 2024 to reach $3.79 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.6%. The increased growth over the historic period is due to factors such as increased urbanization and shifts in lifestyle, a mounting preference for natural and organic substances, a rise in the elderly population, medical endorsements and suggestions, and the fame of hair oils packed with nutrients and having therapeutic features.
What's the Projected Size of the Global Therapeutic Hair Oil Market by 2029?
Expectations are high for the therapeutic hair oil market, with rapid expansion forecasted in the coming years. The market is projected to increase to $7.03 billion by 2029, boasting a compound annual growth rate (CAGR) of 16.7%. Contributing factors to this expected growth include the increasing consumer knowledge regarding the advantages of herbal products, harmful impacts of air pollution on hair, a rise in common hair-related problems, innovative product formulations, and a surge in demand for natural and organic items. Key trends predicted for the future include the launch of new products, collaborations with influencers, the development of easy-to-use and portable technologies, and advancements in technology.
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Top Growth Drivers in the Therapeutic Hair Oil Industry: What's Accelerating the Market?
The surge in demand within the hair care industry is projected to fuel the expansion of the therapeutic hair oil market in the future. Hair care pertains to the habits of preserving and enhancing the health, cleanliness, and aesthetics of hair. Therapeutic hair oils provide specific products to address distinct hair and scalp problems, along with customized solutions that align with changing consumer needs and priorities. For example, as per the Global Cosmetic Industry Magazine in May 2022, a beauty and personal care group based in the US predicted a year-over-year increase of 15% in the hair care sector, a progression expected to sustain until 2024. Moreover, the prestige hair category saw an influx of an extra 6.7 million buyers, with an average spending increase of 29% per buyer. Consequently, the ascending demand in the hair care industry is fostering the growth of the therapeutic hair oil market.
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What Trends Will Shape the Therapeutic Hair Oil Market Through 2029 and Beyond?
Leading firms in the therapeutic hair oil market are rolling out inventive products like hair growth oils in a bid to solidify their market standing. These hair growth oils are specially tailored to stimulate healthy growth of hair, fortify the scalp, and strengthen hair follicles. For example, Dabur Vatika, an Ayurveda company based in India, debuted its Rosemary Hair Growth Oil in December 2023. This hair oil, imbued with the benefits of rosemary, hibiscus, and coconut, offers high-quality solutions for achieving fuller, thicker, and stronger hair. Dabur Vatika stressed that the hair oil was created after extensive R&D to address various hair conditions. The introduction of this product speaks to Dabur Vatika's dedication to offering top-notch solutions for comprehensive hair care.
What Are the Main Segments in the Therapeutic Hair Oil Market?
The therapeutic hair oilmarket 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
Subsegments:
1) By Anti-Dandruff Hair Oil: Tea Tree Oil, Neem Oil, Other Anti-Dandruff Formulations
2) By Anti-Greying Hair Oil: Herbal Formulations, Synthetic Formulations
3) By Anti-inflammatory Hair Oil: Coconut Oil, Jojoba Oil, Other Anti-inflammatory Oils
4) By Hair Growth Oil: Castor Oil, Almond Oil, Other Hair Growth Formulations
5) By Other Products: Essential Oil Blends, Herbal Infusions, Specialty Formulations
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Which Top Companies are Driving Growth in the Therapeutic Hair Oil Market?
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
Which Regions Will Dominate the Therapeutic Hair Oil Market Through 2029?
Asia-Pacific was the largest region in the therapeutic hair oil market in 2024. 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.
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