Global Hair Oil Market by Product Type and By Region – Forecast Report, 2020-2027
The GMI Research expects that the Hair Oil Market will notice an augmentation in demand over the forecast period. This is mainly due to the huge demand for faster and easy solutions to serve hair problems, increasing demand of herbal oils to prevent impulsive damage and rising inclination towards easy to Handle oil formats
Introduction of the Hair Oil Market
Hair oil refers to a product applied for pre and post-wash nutriment of hair. The oil inculcates herbal drugs to promote lavishing hair growth and maintain the moisture balance. Further, it helps to treat baldness and enhances the texture and conditioning of hair. Oiling is a conventional habit among consumers to provide nutrition to hair and reduce hair fall.
Key Players of Market:
· Loreal S.A.
· Marico Limited
· Emami Group
· Henkel AG & CO. KGAA
· Procter & Gamble
· Dabur India Limited
· Bajaj Corp Ltd.
· Cavin Care Group
· Unilever PLC
Hair Oil Market Dynamics
The surging preference of consumers in the favour of organic hair care items and the increasing apprehension to sustain growth are some of the factors stimulating the growth of the global hair oil market. In addition, the accessibility of extensive variety of hair oil and several beneficial advantages concerned with the product will further strengthen the market size. Also, the growing issues like breakage, dryness, and hair fall and the surging drift towards origin-specific ingredients persuading women to disburse more on natural hair care items are other factors proliferating the market growth. Besides this, the rising investment across various research and development activities by leading players to serve the altering consumer demand has paved the way for market growth. On the other hand, the accessibility of non-oil hair care items has restrained the Hair Oil market share.
Product Type Segment Drivers
Based on the Product Type, Argan Oil is projected to expand at a faster growth over the forecast period. This is mainly because of their increasing implementation across various cosmetic and medical industries. In addition to this, it is extensively used across western countries for hair care as it is rich in vitamin E, thereby propelling the Hair Oil market size.
Regional Drivers
As per the geographical coverage, Asia-Pacific is contemplated to hold the largest market share due to the mounting population as well as the aggravating recognition across young population about hair appearance. Furthermore, the growing issues like damaged hair, loss, and other hair problems has inclined consumers towards the adoption of oil, thus stimulating the hair oil market opportunities.
Hair Oil Market Segmentation:
Segmentation by Product Type
· Coconut Oil
· Almond Oil
· Argan Oil
· Others
Segmentation by Distribution Channel
· Speciality Stores
· Drug Stores/Pharmacies
· Supermarket/Hypermarkets
· Convenience Stores
· Others
Segmentation by Region:
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o UAE
o Brazil
o South Africa
o Saudi Arabia
About GMI Research
The organization is a consulting and market research company offering enlightenment on business and research reports for small, medium, and large organisations. The research team assist in acknowledging the effect of dynamic, such as size, share, drivers, opportunities, etc. Our team of experts perform market intelligence studies to certify that all pertinent and research based on facts reaches across different sectors. The team collects all the required about the industry to comprehend our clients with the unfolding obstacles and opportunities. The organization got highlighted in the list of Silicon India Magazine, 2018 as one of the Most Promising Market Research Consultants. We always try to assist our clients to make a sound decision.
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