Hair Loss Prevention Products Market Revenue Will Cross US Dollar

Hair Loss Prevention Products Market Revenue Will Cross US Dollar
Hair Loss Prevention Products Market Revenue Will Cross US Dollar

According to the latest market study by The Insight Partners on “Hair Loss Prevention Products Market Forecast to 2028 – Impact of COVID-19 and Global Analysis – by Product Type (shampoos and conditioners, oils, serums, and other ), category (natural and organic, and Conventional), End User (Men, Women and Unisex) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Sales and Others)”, the size of the market for prevention products of hair loss was valued at $23,599.87 million in 2021 and is projected to reach $31,524.52 million by 2028. It is expected to grow at a CAGR of 4.2% from 2021 to 2028.

Hair serum is a liquid product made up of silicones that provides a protective layer on the hair fiber and helps to straighten it. This smooth layer then reflects light, giving hair a shiny, non-greasy finish. Serums protect hair from heat damage and help hide split ends. The right serum for your hair type can handle multiple concerns, from smoothing hair, adding shine and detangling to repairing damage and protecting it from pollution. The common perception that healthy hair represents a youthful appearance is considered one of the influential factors driving the demand for hair serum. It is one of the hair care products that is gaining ground among customers.

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Forest Essentials; Kao Corporation; L’Oréal SA; Pierre Fabre Group; Procter & Gamble; Shiseido Co., Ltd; Taisho Pharmaceutical Holdings Co., Ltd; Unilever; and Aveda Corp. are among the key players operating in the global market for hair loss prevention products.

Asia Pacific accounted for the bulk of the global hair loss prevention products market share in 2020 and is expected to record the highest CAGR during the forecast period. The region’s market is further segmented into Australia, India, China, Japan, South Korea and the rest of Asia Pacific. A strong customer base, increasing concerns about hair loss among the population, and changing lifestyles are among the main factors driving the growth of the hair loss prevention products market in Asia Pacific .

According to Trading Economics, 2021 developing country India recorded $3,202,781 and in 2020 it recorded $2,725,046. According to the National Bureau of Statistics of China, in 2021, the disposable income per capita of residents in China reached $5,511.48, reporting a nominal increase of 9.1% over the previous year; the growth rate was 14.3% higher than in 2019. The two-year average growth rate was 6.9%. Argentina’s per capita annual household income reached $3,765,524 in December 2020, compared to the previous value of $3,213,336 in December 2019. Therefore, an increase in disposable income adds to the purchasing power of consumers in developing countries, providing lucrative opportunities. for growth of Hair Loss Prevention Products market players.

According to Garnier LLC, hair treatment masks are high-potency hair conditioners. They benefit users by nourishing and strengthening hair. The company offers a hair mask for damaged hair, dry hair, and color-treated hair. These serums and hair masks are specially formulated with different ingredients for different purposes. Additionally, the availability of products with specific ingredients such as argan oil, cranberry extract, avocado oil, shea butter extracts, and coconut extract, along with awareness of their benefits, are driving demand for hair serums. Also, in April 2022, OLAPLEX launched No.9 bond protective hair nourishing serum. Therefore, the availability of specific products is driving the growth of the market for hair loss prevention products.

Based on product type, the hair loss prevention products market is segmented into shampoos and conditioners, oils, serums, and others. Based on category, the market is segmented into natural, organic, and conventional. According to the end user, the market for hair loss prevention products is segmented into men, women and unisex. Regarding the distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. Based on geography, the hair loss prevention products market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South and Central America (SAM).

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This release was published on openPR.

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