The global hair growth essence market is anticipated to grow at a considerable CAGR of 3% during the forecast period (2022-2028). The market growth can be attributed to the lifestyle changes and hormonal imbalances and increased levels of stress among working-class women, who often buy multiple hair loss treatment products. The growth of online distribution channels is playing an important role in increasing spending on hair growth essence across the globe.
Some major players in the market are Biolandes SAS, Givaudan International SA, International Flavours and Fragrances Inc., Enio Bonchev Production Ltd., The Lebermuth Company, Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in December 2020, Procter & Gamble, a renowned brand that offers health, household, beauty, and hair care products, launched its highly exclusive collection of My Black is Beautiful (MBIB) hair care products.
Further, in 2020, H&M’s Afound introduced its wide range of beauty and hair care products range to expand its online presence around the regions of the Netherlands, Germany, and Austria. The company seeks to attract existing consumers by giving fashion an upper edge and also offering sustainable shopping options. Such product launches are expected to contribute to the market growth.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Biolandes SAS, Givaudan International SA, International Flavours and Fragrances Inc., Enio Bonchev Production Ltd., The Lebermuth Company, Inc., among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Hair Growth Essence Market Report by Segment
By Type
- Chemical Based
- Natural Ingredient Based
By Application
- Households
- Clinics
- Hair Salon and Beauty Bar
- Others
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