How Has the Therapeutic Hair Oil Market Evolved Historically and What is its Current Size?
The therapeutic hair oil market has seen considerable growth due to a variety of factors.
• The market for therapeutic hair oil has seen robust expansion in the preceding years. Projections indicate an increase in market size from $3.62 billion in 2024 to $3.82 billion in 2025, at a compound annual growth rate (CAGR) of 5.4%.
This expansion during the previous period can be attributed to factors such as urbanization and changes in lifestyle, heightened demand for natural and organic ingredients, rise in the elderly population, medical recommendations, and popularity of hair oils that are loaded with nourishing elements and offer therapeutic benefits.
What Does Future Hold for The Therapeutic Hair Oil Market By 2029?
The therapeutic hair oil market is expected to maintain its strong growth trajectory in upcoming years.
• The market for therapeutic hair oil is projected to experience swift expansion in the forthcoming years, with a forecast of reaching $7.1 billion by 2029, embodying a compound annual growth rate (CAGR) of 16.8%.
The ascent in this prediction period is influenced by factors such as rising consumer consciousness of the advantages of herbal products, negative impacts of atmospheric pollution on hair, increasing prevalence of typical hair problems, advancements in product formulations, and escalating demand for natural and organic items. Notable market trends within the forecast duration encompass the launching of new products, collaborations with influencers, expansion of portable and user-friendly technologies, and technological advancements.
What Are The Primary Growth Drivers In The Therapeutic Hair Oil Market?
The therapeutic hair oil market's expansion is anticipated to be fueled by the growing needs in the hair care industry. Essentially, hair care involves enhancing and preserving the hygiene, health, and look of the hair. Therapeutic hair oil provides products that specifically address hair and scalp issues, and also offers tailored solutions that align with the changing consumer tastes and priorities. For instance, Global Cosmetic Industry Magazine reported in May 2022 that a beauty and personal care conglomerate based in the U.S forecasts a 15% rise in the hair care segment annually, a rate of growth projected to persist till 2024. Moreover, 6.7 million additional hair care consumers entered the premium hair market, and consumer spending per buyer escalated by 29%. Consequently, the escalating demand in the hair care industry stimulates the growth of the therapeutic hair oil market.
What Is The Segmentation Of The Global Therapeutic Hair Oil Market?
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, Hyper market, Other Distribution Channels
Subsegments:
1) By Anti-Dandruff Hair Oil: Tea Tree Oil, Neem Oil, Other Anti-Dandruff Formulations
2) By Anti-Greying Hair Oil: Herbal Formulations, Synthetic Formulations
3) By Anti-inflammatory Hair Oil: Coconut Oil, Jojoba Oil, Other Anti-inflammatory Oils
4) By Hair Growth Oil: Castor Oil, Almond Oil, Other Hair Growth Formulations
5) By Other Products: Essential Oil Blends, Herbal Infusions, Specialty Formulations
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What New Trends Are Influencing The Therapeutic Hair Oil Market?
Leading firms in the therapeutic hair oil market are pioneering unique products like hair growth oils to consolidate their market standing. These products aim to foster healthy hair growth, fuel the scalp, and fortify hair follicles. In particular, Dabur Vatika, an Ayurveda company, based in India, released the Rosemary Hair Growth Oil in December 2023. It is a hair oil enriched with the beneficial properties of rosemary, hibiscus, and coconut, offering quality solutions that enable users to experience fuller, tougher, and stronger hair. Dabur Vatika asserts that the hair oil is a result of exhaustive research geared towards mitigating various hair issues. This product's introduction is in line with Dabur Vatika's mission to provide high-quality, holistic hair care solutions.
Who Are the Key Players In The Therapeutic Hair Oil Market?
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
What Are The Regional Insights Into The Therapeutic Hair Oil Market?
Asia-Pacific was the largest region in the therapeutic hair oil market in 2024. 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.
