Hair Growth Supplements Market Scope
The global hair growth supplements market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The rising awareness for personal hair care and increasing number of hair fall diseases across the world are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Country Life (United States), Cureveda (India), Hairfinity (United States), L’Oréal (France), Nature’s Bounty, Inc. (United States), New Chapter (United States) and Viviscal (United States) |
CAGR | 31.1% |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Hair Growth Supplements market throughout the predicted period.
Country Life (United States), Cureveda (India), Hairfinity (United States), L’Oréal (France), Nature’s Bounty, Inc. (United States), New Chapter (United States) and Viviscal (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Inlife Pharma Pvt. Ltd. (India) and General Nutrition Centers, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Hair Growth Supplements market by Type and Region with country level break-up.
On the basis of geography, the market of Hair Growth Supplements has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In May 2022, Unilever announced today that it has signed an agreement to acquire a majority stake in Nutrafol, a leading provider of hair wellness products. Unilever currently holds a minority stake (13.2%) in Nutrafol through Unilever Ventures.
In April 2023,Divi, the powerful scalp health and hair care brand, launches To the Roots Hair Vitamins, the newest addition to its product line. Developed with clean, innovative ingredients, Divi’s Hair Vitamins are specially designed by experts to provide nourishment from the inside out.
Stringent Government Regulations Impacting the Industry
Influencing Trend:
Rising Health Consciousness Among the Consumers
Market Growth Drivers:
Rising Awareness for Personal Hair Care and Increasing Number of Hair Related Diseases
Challenges:
Short Term Challenges Due to Lack of Transportation & Logistics Facilities Due to Lock-Down of Different Sectors Across the World
Restraints:
The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis Across the World
Opportunities:
Opportunities in the Asia Pacific Region
Key Target Audience
Manufacturing, Providers, Suppliers and Others