Global Hair Oil Market (2019-2024): Growth, Trends and Forecasts - ResearchAndMarkets.com
The "Global
Hair Oil Market (2019-2024): Growth, Trends and Forecasts"
report has been added to ResearchAndMarkets.com's
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The global hair oil market is forecasted to reach USD 3.9 billion by
2024 growing at a CAGR of 4.78% during the forecast period (2019-2024).
Rising demand for natural and organic haircare products encouraged women
to spend more on organic haircare products and hair oils, such as
shampoos, conditioner, and serums. The growing popularity of brands
whose primary purpose is maintaining natural hair growth is expected to
drive the market's growth. Rising inclination toward origin-specific
ingredients and free-from formulations are expected to augment the
market's growth.
The organized retail outlets are maximizing market share by attracting
consumers on the basis of competitive pricing schemes and by offering
product varieties. The retail outlets are offering a new shopping
experience to consumers by providing comfort and convenience of shopping
along with great-value.
Argan Oil Gaining Popularity in Hair Oil Market
Argan oil is widely used in western countries in hair care as it
moisturizes hair and acts as conditioner and softener for skin and hair.
Argan oil is now used across the globe for a variety of culinary,
cosmetic and medicinal applications however the usage in skin care and
hair care segments are growing at a faster pace. The various phenolic
compounds in argan oil fatty acids and a variety of phenolic compounds.
The majority of the fat content of argan oil comes from oleic and
linoleic acid. Additionally, argan oil which is a rich source of vitamin
E, is widely used for healthy hair. This vitamin also has powerful
antioxidant properties are likely responsible for most of its
antioxidant and anti-inflammatory capacities. Other compounds present in
argan oil, such as Coenzyme (CoQ10), melatonin and plant sterols, also
play a role in its antioxidant capacity.
Asia-Pacific is the Fastest Growing Regions
Asia-Pacific is the fastest growing region in the hair oil market. India
is one of the leading markets for hair oil in the Asia-Pacific region.
India Hair Oil Market Growing Strongly. Coconut oil segment is the most
famous one across the country especially in Sothern India. Coconut-based
oils were dominated by Marico's Parachute, Bajaj and Dabur are
traditionally focused on almond and amla, respectively.
As there have been constant rise in the population of the country, the
demand of daily essential commodities is observed to be increasing
during the forecast period, and so is demand for hair oils. With hair
oil having one of the highest market penetrations at 90%, most companies
had been playing to their strengths so far.
Competitive Landscape
Bajaj Corp Ltd, Emami Group, Dabur, and Marico Limited are the leading
players in hair oil market. Other prominent companies in the market are
Loreal SA, Unilever, Henkel AG & Co.KGAA, BioVeda, and Cavin Care Group
among others. These companies are further leading to the high
competition in the market. Companies are re-launching the existing
products catering to the rising demand of hair oils among the consumers.
Leading players are acquiring the local players in other countries to
increase their prominence in the respective region. For instance: Marico
South Africa Pty. Limited (MSA), a wholly owned step-down subsidiary of
Marico Limited acquired ISOPLUS, a leading hair styling brand in South
Africa.
Key Topics Covered
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Coconut Oil
5.1.2 Almond Oil
5.1.3 Argan Oil
5.1.4 Others
5.2 By Distribution Channel
5.2.1 Speciality Stores
5.2.2 Drug Stores/Pharmacies
5.2.3 Supermarket/Hypermarkets
5.2.4 Convenience Stores
5.2.5 Other Distribution Channels
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Russia
5.3.2.6 Spain
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategies
6.4 Company Profiles
6.4.1 Dabur
6.4.2 Marico Limited
6.4.3 Bajaj Corp Ltd.
6.4.4 Emami Group
6.4.5 L'Oreal S.A.
6.4.6 Unilever
6.4.7 Henkel AG & CO. KGaA
6.4.8 Bio Veda Action Research Co.
6.4.9 MorrocanOil
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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