Industry Background:
Hair regrowth products are intended to cure hair fall problems and promote growth. Baldness has become a global phenomena in today's world and various medicine and drugs are being discovered to cure the same. Amid high demand for hair regrowth products, the key challenge for manufacturers is to develop the products which is more effective and provide concrete solution to hair problems and help in regrowth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | iRestore [Netherlands], ArtNaturals [United States], BOSLEY [United States], CidBestOfficial [United Kingdom], Essy [United States], Nourish Beaute [United States], Follinique [United States], Keranique [United States], Watermans [United Kingdom], Ultrax Labs [United States], Majestic Pure [United States] and Capillus [United States] |
According to AMA, the market for Hair Regrowth Product is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Growing Hair Problems and Ageing Population and Rising Disposable Income and Changing Style Statements.
Globally, a noticeable market trend is evident Rising Demand for Natural Products
The Consumer Staples sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as iRestore [Netherlands], ArtNaturals [United States], BOSLEY [United States], CidBestOfficial [United Kingdom], Essy [United States], Nourish Beaute [United States], Follinique [United States], Keranique [United States], Watermans [United Kingdom], Ultrax Labs [United States], Majestic Pure [United States] and Capillus [United States], etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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 March 2023,ViaDerma, Inc. is pleased to announce their plans to launch a new hair regrowth product using Minoxidil (topical route). The company will incorporate their proprietary, patent-pending dual carrier transdermal delivery technology with Minoxidil to create their new hair regrowth product.
Regulatory Insights:
Hair regrowth products are regulated by FDA and the agency mandates proper labeling as well as claims written over it about its potential harmful effects. In any case, misbranding of these products may result in severe punishment to manufacturers.
Influencing Trend:
Rising Demand for Natural Products and Effective Branding Strategy by Manufacturers Amid High Bargaining Power of Consumer
Market Growth Drivers:
Growing Hair Problems and Ageing Population and Rising Disposable Income and Changing Style Statements
Challenges:
Growing Market for Counterfeit Products and Negative Perception About Effectiveness of These Products
Restraints:
Alternate Hair Treatment Methods such as Laser Based Treatment and OTC Drugs and High Cost of the Products
Opportunities:
Rising Disposable Income in Emerging Countries and Effective Hair Regrowth Products
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Hair Regrowth Product Market
- Analysis about New Entrants in Hair Regrowth Product Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Hair Regrowth Product Study Sheds Light on
The Hair Regrowth Product Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hair Regrowth Product industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hair Regrowth Product industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.