Global Hair Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hair Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hair oil is a hair care product specifically designed to balance hair moisture and is used as a nutrient before and after shampooing. Hair oil is considered a conditioner that makes hair soft and smooth. Because hair is widely affected by harmful factors such as pollution, dust and unhealthy eating habits, hair oil has become an integral part of the hair care system because it improves the texture and condition of the hair. Hair oil ensures nutrition, strengthens hair, reduce hair loss and rapid growth. Many consumers believe that a hair oil massage has a cooling effect on the hair and helps styling while keeping it smooth, soft and shiny.

Market Overview:

The latest research study on the global Hair Oil market finds that the global Hair Oil market reached a value of USD 3664.81 million in 2022. It’s expected that the market will achieve USD 5023.0 million by 2028, exhibiting a CAGR of 5.39% during the forecast period.

Argan oil is growing in popularity in the hair oil market that drive the development of the hair oil market

Argan oil is widely used in hair care in western countries because it moisturizes the hair and acts as a conditioner and softener for the skin and hair. Today, argan oil has been used worldwide for a variety of culinary, cosmetic, and medicinal uses, but its use in the skin care and hair care fields is growing at a faster rate. Argan oil is commonly used in hair care. It is very good for hair and scalp and can also be used as a conditioner. Furthermore, it is considered to be an excellent agent to tame frizz and promote gloss and luster. Therefore is rich in vitamin E Argan oil is widely used for healthy hair. In addition, other compounds found in argan oil, such as coenzyme (CoQ10), melatonin and phytosterols. As the demand for healthy, manageable and shiny hair drives the purchasing decisions of most consumers, the hair oil market is expected to grow at a steady rate and will continue to grow over the forecast period.

With hair-related problems become more serious, consumer demand for hair oil will increase

Oiling is a vital part of daily care and it can effectively deal with various problems such as fall / fall, dandruff, dryness and breakage. In addition, manufacturers are increasing R & D activities based on changing consumer needs to further improve and enhance hair oil.
Due to population growth, growing hair-related problems and increasing levels of pollution have led to balding, which will lead to a demand for hair growth oil. More and more people are facing hair and scalp problems such as hair loss, dry and damaged hair, split ends and other problems. In addition, young people's awareness of hair appearance is supporting the market. The Indian market is expected to be the fastest growing market in the Asia Pacific region, followed by China and Japan.

Market Restraints

Hair care products have evolved over the years and consumers have access to a variety of shampoos, conditioners, hair dyes, hair oils and hair styling agents. With so many products on the market, manufacturers face the challenge of maintaining the quality of each product, and the market share is mainly concentrated with large companies. Some manufacturers take low-price competition to seize market share, which will cause the industry's profit margin to decline to a certain extent. For manufacturers, the increase in raw materials, labor costs, and packaging material costs is also a huge challenge.
In addition, more advanced shampoos and oil-free hair care products can often also help with dry hair, frizz, and hair loss. The continued popularity of more advanced shampoos and oil-free hair care products will hinder the growth of the hair oil market.

Region Overview:

Geographically, Asia-Pacific held the largest market share – 40.44% in 2022.

Company Overview:

L'Oreal SA is one of the major players operating in the Hair Oil market, holding a share of 14.32% in 2023.

L'Oreal SA

L'Oreal manufactures cosmetics. The Company offers mascara, lip gloss, foundation, eyeshadow, primer, nail polish, lipstick, face powder, blusher, and concealer, as well as skin, hair, and body care products. L'Oreal serves customers worldwide.

Marico

Marico Limited is one of India's leading consumer goods companies providing consumer products and services in the areas of health, beauty and wellness. With its headquarters in Mumbai, Maharashtra, India, Marico is present in over 25 countries across emerging markets of Asia and Africa.

Segmentation Overview:

Among different product types, Coconut Oil segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Specialty Stores segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Hair Oil market covered in Chapter 3:

Unilever
Dabur
Procter & Gamble
MorrocanOil
Emami Group
Johnson & Johnson
Marico
Bajaj Consumer Care
Henkel AG & Company
L'Oreal SA

In Chapter 4 and Chapter 14.2, on the basis of types, the Hair Oil market from 2018 to 2029 is primarily split into:

Coconut Oil
Almond Oil
Argan Oil
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hair Oil market from 2018 to 2029 covers:

specialty store
Pharmacy/Pharmacy
Supermarket/Hypermarket
convenience store
other distribution channels

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)