Spain Hair Loss Products Market Research Report Forecast to 2030
Spain Hair Loss Products Market Research Report Forecast to 2030
Hair loss products are usually used by consumers suffering from mild hair thinning to total baldness. Moreover, hair fall can occur for various reasons such as drug side effects, medical illness, tinea capitis, alopecia areata, and other factors. Hence, the large pool of people suffering from hair loss has increased the demand for hair loss products across the country. For instance, according to a recent study, in Spain, 40% of women suffer from alopecia owing to various factors such as environmental pollution, excessive use of harmful products, stress, and others.
The Spain hair loss products market witnessed significant growth over the last few years and is projected to register a CAGR of 2.28% during the forecast period. The major growth drivers are the Increased spending capacities on healthcare products to drive the demand. However, increased raw material costs & and poor compliance of patients may hinder the growth of the product. Hence, the products are expected to create lucrative growth opportunities for players operating in the Spain hair loss products market during the forecast period.
Market SegmentationBased on product, the vitamins and supplements segment accounted for a market share of 41.25% in 2021 and is expected to exhibit a CAGR of 2.48% during the forecast period. This is mainly owing to the various advantages posed by vitamins and supplements such as antioxidant properties that help reduce the amount of oxidative stress and free radicals that cause the hair follicle cells in a person’s scalp to break down, increase shine, and many more.
Based on gender, the women segment accounted for a market share of 42.86% in 2021 and is expected to exhibit a CAGR of 2.47% during the forecast period. The growing number of women suffering from cancer in that country has increased the demand for hair loss products which in turn is boosting its market growth.
Based on end use, the homecare segment accounted for a market share of 48.81% in 2021 and is expected to exhibit a CAGR of 2.45% during the forecast period.
Based on the distribution channel, the store-based segment accounted for a market share of 82.07% in 2021 owing to the wide availability of hair loss products over there, coupled with the growing preferences of consumers purchasing from supermarkets, specialty stores, and others.
Major PlayersSun Pharmaceutical Industries (India), Vita-Cos-Med-Klett-Loch GmbH (Germany), Italfarmaco S.p.A. (Italy), Cantabria Labs (Italy), Biota Laboratories (Turkey), DSD de Luxe (Spain), Farmacia Barcelona (Spain), SkinClinic (Spain), Laboratorios Vinas (Italy), Puig (Spain), Guiliani S.p.A. (Italy), Agrado Cosmetics (Spain) and Hair Inspire (Spain) are the major companies in this market, who compete based on market presence, quality, and price.
Companies MentionedSun Pharmaceutical Industries (India)
Vita-Cos-Med-Klett-Loch GmbH (Germany)
Italfarmaco S.p.A. (Italy)
Cantabria Labs (Italy)
Biota Laboratories (Turkey)
DSD de Luxe (Spain)
Farmacia Barcelona (Spain)
SkinClinic (Spain)
Laboratorios Vinas (Italy)
Puig (Spain)
Guiliani S.p.A. (Italy)
Agrado Cosmetics (Spain) and Hair Inspire (Spain)
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