What Has Been the Growth of the Hair Growth Supplement And Treatment Market So Far?
The hair growth supplement and treatment market has seen considerable growth due to a variety of factors.
• The hair growth supplement and treatment market has shown strong growth in recent years. It is expected to grow from $8.97 billion in 2024 to $9.86 billion in 2025, at a compound annual growth rate (CAGR) of 9.8%.
This increase is driven by the rising prevalence of hair loss, greater awareness of hair health, a growing demand for natural and organic products, increased marketing, celebrity endorsements, and the expansion of e-commerce.
What Are the Future Growth Projections for the Hair Growth Supplement And Treatment Market?
The hair growth supplement and treatment market is expected to maintain its strong growth trajectory in upcoming years.
• The hair growth supplement and treatment market is projected to grow strongly, reaching $14.25 billion by 2029 at a CAGR of 9.7%.
The growth is fueled by increased consumer awareness, higher disposable incomes, technological advancements, and social media influence. Trends include new ingredient formulations, innovative delivery systems, and advancements in absorption.
What Are The Core Factors Supporting Growth In The Hair Growth Supplement And Treatment Market?
The rising number of thyroid disorders is expected to boost the hair growth supplement and treatment market. Thyroid disorders, which affect hormone production and can lead to hair thinning, are increasing due to lifestyle and environmental factors. Hair growth supplements and treatments address these issues by helping manage hair loss linked to thyroid imbalances. For instance, Cancer Australia projected an increase in thyroid disorder cases, with an estimated 143 deaths in 2022. Therefore, the growing prevalence of thyroid disorders is expected to propel the growth of the hair growth supplement and treatment market.
What Are The Major Segments Within The Global Hair Growth Supplement And Treatment Market?
The hair growth supplement and treatment market covered in this report is segmented –
1) By Type: Supplements, Pharmaceuticals, Devices
2) By Form: Tablets And Capsules, Gummies And Soft Gels, Liquids, Powders
3) By Distribution Channel: Hypermarkets Or Supermarkets, Specialty Stores, Drugstores And Pharmacies, Online Retail, Other Distribution Channels
4) By End User: Men, Women
Subsegments:
1) Supplements: Oral Tablets, Soft Gels, Powder Supplements, Liquid Supplements
2) Pharmaceuticals: Prescription Medications, Topical Treatments, Hormonal Therapies
3) Devices: Laser Devices, LED Devices, Dermarollers, Hair Transplant Equipment
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Which Emerging Market Trends Are Altering The Hair Growth Supplement And Treatment Industry?
Leading businesses in the hair growth supplement and treatment market are innovating with products like vegan hair supplements, meeting the increasing demand for natural, cruelty-free items and attracting health-aware consumers who favor ethical and natural alternatives. These vegan hair supplements are plant-based solutions designed to boost hair growth and health, devoid of any animal-sourced ingredients. For example, in May 2022, OUAI, an American firm specializing in hair products, has just unveiled a fresh range of scientifically-supported haircare products tailored to different hair types and requirements. These vegan products are based on scientific evidence, guaranteeing they cleanse, nourish, and fortify hair. Carefully selected ingredients enhance hair smoothness and health, tackling common problems like frizz and dryness. The product line includes shampoos and conditioners for fine, medium, and thick hair, along with treatments targeting specific issues like dandruff and scalp health.
Who Are the Key Players In The Hair Growth Supplement And Treatment Market?
Major companies operating in the hair growth supplement and treatment market are:
• Johnson & Johnson Services Inc.
• Procter & Gamble Company
• Unilever Plc
• Merck and Co. Inc.
• L'Oreal SA
• Amway Corp.
• Church & Dwight Co Inc.
• Amorepacific Corporation
• General Nutrition Centers Inc.
• Oriflame Cosmetics AG
• The Natures Bounty Co.
• Schiff Nutrition International Inc.
• Swisse Wellness
• Country Life LLC
• ProCaps Laboratories Inc.
• Wontech Co. Ltd.
• ProThera Inc.
• Curallux LLC
• Capillus LLC
• ExoCoBio Inc.
• Nioxin Research Laboratories Inc.
• Invite Health Inc.
• iRestore Hair Growth System
• Ultrax Labs
• Hairfinity Limited
What Is The Most Dominant Region In The Hair Growth Supplement And Treatment Market?
Asia-Pacific was the largest region in the hair growth supplement and treatment market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the hair growth supplement and treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
