Hair Growth Supplement And Treatment Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
Get 20% off on Global Market Reports until March 31st! Use code FY25SAVE at checkout.
What fueled the previous growth in the hair growth supplement and treatment market?
There has been a robust expansion in the hair growth supplement and treatment market recently. The market size, which was at $8.97 billion in 2024, is set to rise to $9.86 billion by 2025, indicating a compound annual growth rate (CAGR) of 9.8%. Factors such as the escalating incidence of hair loss disorders, rising consumer cognizance about hair wellness, surge in demand for green or natural products, deliberate marketing strategies, frequent use of well-known personalities for product promotion, and growth in online shopping platforms can be credited for the historic growth of the market.
What will be the hair growth supplement and treatment market size in the future?
The market for hair growth supplements and treatments is projected to witness robust growth in the coming years. By 2029, it is expected to reach $14.25 billion, with a compound annual growth rate (CAGR) of 9.7%. The predicted increase during the forecast period can be linked to factors such as increased consumer knowledge, higher disposable income, advancements in technology, a growing aging population, heightened accessibility to products via online retail platforms, and the impact of social media on beauty norms. Noteworthy trends for the forecast period include the embrace of technological advancements, innovative components and formulas, enhancements in delivery systems, the use of sophisticated ingredients, advancements in product recipes, and improvement in the absorption of active ingredients.
Get your hair growth supplement and treatment market report here!
What main drivers are fueling expansion in the hair growth supplement and treatment market?
The surge in thyroid-related issues is projected to stimulate the expansion of the hair growth supplement and treatment sector. Thyroid disorders, identified by the overproduction or insufficient production of hormones by the thyroid gland, or the abnormal growth within the gland, are becoming more common due to environmental factors, genetic predispositions, and lifestyle changes. These disorders often result in hair thinning or loss, which is effectively managed by hair growth supplements and treatments, thus reducing the impact of these conditions on individuals. For instance, Cancer Australia, a government cancer agency, projected an increase in deaths caused by these disorders in January 2024. The prediction estimated a total of 143 deaths in Australia for 2022, including 72 males and 71 females. Hence, the rise in thyroid disorder cases is stimulating the advancement of the hair growth supplement and treatment industry.
What key areas define the segmentation of the global hair growth supplement and treatment market?
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, Gummies 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
Subsegments:
1) Supplements: Oral Tablets, Soft Gels, Powder Supplements, Liquid Supplements
2) Pharmaceuticals: Prescription Medications, Topical Treatments, Hormonal Therapies
3) Devices: Laser Devices, LED Devices, Dermarollers, Hair Transplant Equipment
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15815&type=smp
Who are the dominant players expanding their reach in the hair growth supplement and treatment market?
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., Church & Dwight Co Inc., 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
How are evolving market trends shaping hair growth supplement and treatment Strategies?
Key players in the hair growth supplement and treatment sector are inventing unique alternatives, such as vegan hair supplements, to fulfill the rising demand for plant-based and cruelty-free items aimed at consumers who are health-focused and prefer natural, ethical choices. These vegan hair supplements are plant-based solutions intended to boost hair growth and wellness, not employing any animal-based components. For instance, OUAI, a company based in the US that retails hair products, rolled out a novel line of haircare items braced with scientific research in May 2022, targeting varied hair types and needs. These scientifically-backed vegan items not only clean but also nourish and fortify hair. The ingredients chosen enhance better, healthier hair while tackling prevalent issues like frizz and dryness. The latest items entail specialized shampoos and conditioners for fine, medium, and thick hair, alongside remedies directed at specific issues like dandruff and scalp health.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15815
Which regions are emerging as leaders in the hair growth supplement and treatment market?
Asia-Pacific was the largest region in the hair growth supplement and treatment market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the hair growth supplement and treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Browse Through More Similar Reports By The Business Research Company:
Luxury Hair Care Products Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/luxury-hair-care-products-global-market-report
Hair Accessories Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/hair-accessories-global-market-report
Electric Wheelchair Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/electric-wheelchair-global-market-report
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
