Hair Oil Market Size, Share, Growth | Industry Report 2020 – 27

Hair Oil Market

The Hair Oil Market is anticipated to expand at a remarkable CAGR during the forecast period (2020-2027).

The factors driving the growth of Hair Oil Market includes growing demand organic hair care products across the globe, increasing case of Alopecia areata and Telogen effluvium and rise in the number of spas and hair salons. According to the report published by Statista, the Global Organic Hair Care Products Market was estimated around USD 3.2 billion in 2016 and is predicted to reach USD 6.7 billion by the end of 2023, which is expected to boost the market growth in the approaching years. Moreover, rise in the consumption of on-demand videos related to hair growth on YouTube and other social media platforms, easy availability of hair oil products at pharmacies and online stores and innovations in the hair oil products, are some of the additional factors supplementing the Hair Oil Market size. In addition, the increasing consumers inclination towards adopting healthy lifestyles, rising investments by leading players on research and development and improvements in the packaging of hair oil products, are further contributing to the market growth.

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However, the growth of Hair Oil Market is hindered due to rising presence of counterfeit hair oil products in the domestic markets.

The leading players operating in the market are Henkel AG & CO. KGAA, Cavin Care Group, Procter & Gamble, Loreal S.A., Unilever PLC, Marico Limited, Emami Group, Bajaj Corp Ltd., and Dabur India Limited, among others.

Product Type: Segment Analysis

Based on product Type, the Argan Oil segment is estimated to expand at a remarkable CAGR over the forecast period. The Argan Oil protects scalp from damage, may prevent hair loss for thicker hair and widely used in Western Countries due to its nutritional benefits, are some of the factors augmenting the segment’s growth.

Regional: Segment Analysis

Based on Region, the Asia-Pacific region is expected to capture the largest market shar during the forecast period. Rise in the number of hair related problems, increasing presence of domestic players in the market, growing popularity of herbal oil hair products, acceptance towards Ayurvedic practices, rapid urbanization, and high population density, are some of the important factors propelling the Hair Oil Market Share in Asia-Pacific.

Market Segmentation

Global Hair Oil Market by Product Type

• Coconut Oil

• Almond Oil

• Argan Oil

• Others

Global Hair Oil Market by Distribution Channel

• Speciality Stores

• Drug Stores/Pharmacies

• Supermarket/Hypermarkets

• Convenience Stores

• Others

Global Hair Oil Market by Region

• Asia Pacific

  • China

  • Japan

  • India

  • Rest of APAC

• North America

  • United States of America

  • Canada

• Europe

  • United Kingdom

  • Germany

  • France

  • Spain

  • Rest of Europe

• RoW

  • Brazil

  • South Africa

  • Saudi Arabia

  • UAE

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