Overview and Scope
Therapeutic hair oil is a specialized type of oil used to treat and nourish the hair and scalp. It is often applied through massaging into the scalp and hair to promote hair growth, nourish a dry scalp, increase moisture and shine, and possibly prevent hair loss.
Sizing and Forecast
The therapeutic hair oil market size has grown strongly in recent years. It will grow from $3.42 billion in 2023 to $3.62 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to growing urbanization and lifestyle changes, growing preference for natural and organic ingredients, rising aging population, medical endorsements and recommendations, popularity of hair oils enriched with nourishing ingredients and therapeutic properties.
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The therapeutic hair oil market covered in this report is segmented –
1) By Product: Anti-dandruff Hair Oil, Anti-greying Hair Oil, Anti-inflammatory Hair Oil, Hair Growth Oil, Other Products
2) By Indication: Alopecia, Inflammatory Skin Disease, Premature Grey Hair, Other Indications
3) By Age Group: Baby And Kids, Men, Women, Unisex
4) By Distribution Channel: E-commerce Websites, Company-owned Websites, Specialty Stores, Hypermarket, Other Distribution Channels
Asia-Pacific was the largest region in the therapeutic hair oil market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the therapeutic hair oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand in the hair care sector is expected to propel the growth of the therapeutic hair oil market going forward. Hair care refers to the practice of maintaining and improving the health, cleanliness, and appearance of hair. Therapeutic hair oil offers specialized products that target specific hair and scalp concerns, as well as specialized, targeted solutions that resonate with evolving consumer preferences and priorities. For instance, in May 2022, according to Global Cosmetic Industry Magazine, a US-based beauty and personal care group, the hair care sector is expected to jump 15% year-over-year, a growth rate that is anticipated to continue through 2024. Further, an additional 6.7 million hair care buyers came into the prestige hair space, while spending per buyer rose by 29%. Therefore, the increasing demand in the hair care sector is driving the growth of the therapeutic hair oil market.
Key Industry Players
Major companies operating in the therapeutic hair oil market report are Johnson & Johnson, Procter & Gamble, Unilever, L’Oréal S.A., Henkel AG & Co. KGaA, Bajaj Corp Ltd., Coty Inc., Patanjali Ayurved, Dabur Ltd., Marico Limited, Aveda Corporation, Biotique, Khadi Natural, The Himalaya Drug Company, Lotus Herbals, Cavin Care Group, Emami Group, VLCC Health Care Limited, A.G Industries, Moroccanoil, Apivita, Soulflower Co.Ltd., TRESemmé, Parachute
The therapeutic hair oil market report table of contents includes:
1. Executive Summary
2. Therapeutic Hair Oil Market Characteristics
3. Therapeutic Hair Oil Market Trends And Strategies
4. Therapeutic Hair Oil Market – Macro Economic Scenario
5. Global Therapeutic Hair Oil Market Size and Growth
…………
32. Global Therapeutic Hair Oil Market Competitive Benchmarking
33. Global Therapeutic Hair Oil Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Therapeutic Hair Oil Market
35. Therapeutic Hair Oil Market Future Outlook and Potential Analysis
36. Appendix
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