Global Hair Loss Products Market Report and Forecast 2024-2032

Global Hair Loss Products Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global hair loss products market size reached a value of USD 1.98 billion in 2023. Aided by the advancements in product formulations, the proliferation of natural and organic options, and the growing acceptance of hair loss treatments, the market is projected to further grow at a CAGR of 5.30% between 2024 and 2032 to reach a value of USD 3.15 billion by 2032.

Hair loss products encompass a broad range of solutions designed to prevent hair loss, promote hair growth, or restore hair. These include topical treatments, supplements, shampoos and conditioners, and serums, catering to the diverse needs and preferences of consumers seeking to combat hair loss.

A key driver of the global hair loss products market growth is the rising prevalence of hair loss conditions, including androgenetic alopecia, stress-related hair loss, and alopecia areata. Factors such as genetics, ageing, hormonal changes, and lifestyle stressors contribute to this trend, propelling the demand for effective hair loss solutions. The demand for natural and organic products is surging across the beauty and healthcare sectors, and the market for hair loss products is no exception. Consumers are increasingly wary of harsh chemicals and synthetic ingredients, turning instead to products formulated with natural ingredients such as essential oils, herbal extracts, and vitamins known to support hair health.

As per the hair loss products market analysis, consumers are seeking personalised solutions to hair loss, driven by the understanding that hair loss can result from a variety of causes and may respond differently to treatments. Companies are responding by offering customised treatment plans, personalized product recommendations based on genetic testing or scalp analysis, and subscription services that tailor products to individual needs over time. This trend towards personalisation is enabling more targeted and effective hair loss treatments, enhancing consumer satisfaction and outcomes.

Heightened consumer awareness regarding hair loss issues and available treatments has propelled the hair loss products market expansion. The destigmatisation of hair loss and the acceptance of treatment products, particularly among younger demographics, have further contributed to market expansion. The growing consumer preference for natural and organic products is reshaping the market. Ingredients such as biotin, caffeine, and natural oils are favoured for their perceived safety and efficacy, aligning with broader trends towards health and wellness.

Technological advancements and research in trichology have led to the development of innovative product formulations that offer improved efficacy in treating hair loss. Products incorporating minoxidil, finasteride, natural DHT blockers, and growth stimulants are gaining popularity for their proven results, driving market growth.

The North American region, particularly the United States, occupies a significant hair loss products market share due to high consumer awareness, a large ageing population, and the presence of leading market players. The Asia-Pacific region is also witnessing rapid growth, driven by changing beauty standards, increasing disposable incomes, and a rising prevalence of hair loss conditions.

The competitive landscape of the global hair loss products market features a mix of pharmaceutical companies, cosmetic giants, and niche brands. Leading companies are offering a range of products from medical treatments to cosmetic solutions. Competition is based on product innovation, marketing strategies, and distribution channels, with companies increasingly leveraging online platforms to reach consumers.

As per the hair loss products market outlook, the global market is poised for sustained growth, with innovations in product formulations, the rise of personalised treatment solutions, and the growing emphasis on natural and organic products acting as key drivers. As consumer attitudes towards hair loss evolve and the demand for effective solutions continues to rise, the market is expected to expand, offering new opportunities for existing players and newcomers alike.

Market Segmentation

The market can be divided based on product, gender, distribution channel, and region.

Market Breakup by Product

• Shampoos and Conditioners
• Oils
• Serums
• Others

Market Breakup by Gender

• Men
• Women

Market Breakup by Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Speciality Stores
• Pharmacies
• Online
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global hair loss products market. Some of the major players explored in the report by Expert Market Research are as follows:

• L’Oréal S.A.
• The Procter & Gamble Company
• Unilever PLC
• Taisho Pharmaceutical Holdings Co., Ltd.
• Minimalist PTE. LTD.
• Natura International Inc.
• Himalaya Global Holdings Ltd.
• Pierre Fabre S.A
• DHI Global Europe Ltd.
• Philip Kingsley Products Ltd.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.