Hair Growth Supplement and Treatment Market to Grow with a CAGR of 6.24% through 2028

Rise in availability of diverse range of hair treatment products, is expected to drive the Global Hair Growth Supplement and Treatment Market growth in the forecast period, 2024-2028.

According to TechSci Research report, “Hair Growth Supplement and Treatment Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Hair Growth Supplement and Treatment Market stood at USD 6.52 billion in 2022 and is anticipated to grow with a CAGR of 6.24% in the forecast period, 2024-2028. One of the primary drivers of the hair growth supplement and treatment market is the escalating prevalence of hair-related problems. Factors such as genetics, aging, stress, pollution, and hormonal imbalances have led to an increasing number of individuals experiencing issues like hair loss and thinning. This has prompted a growing demand for effective solutions to counteract these problems, resulting in a surge in the market.

Global beauty standards have evolved, with healthy, voluminous hair being an integral part of the modern beauty ideal. This shift has amplified the desire for individuals to maintain and enhance their hair quality, fostering the development of a wide range of products and services designed to cater to this desire. As beauty consciousness continues to grow, so does the market for hair growth solutions.

The hair growth supplement and treatment market has greatly benefited from technological advancements in recent years. Innovative products and treatments have emerged, capitalizing on the latest scientific research and breakthroughs. Advanced therapies, laser treatments, and precision medicine are examples of how technology is driving the industry forward, offering more effective and precise solutions for hair health.

In today's information age, consumers are more informed and educated than ever before. They have access to a wealth of knowledge about the causes of hair loss, as well as various treatment options available. This awareness has not only encouraged individuals to take a proactive approach to hair health but has also pushed manufacturers to develop more transparent and evidence-based products, enhancing the market's credibility and trustworthiness.

The availability of over the counter (OTC) hair growth supplements has made it easier for individuals to access and use products without requiring a prescription. This convenience has expanded the consumer base, as people can address hair concerns from the comfort of their homes. OTC products often include vitamins, minerals, and botanical ingredients known to support hair health.

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The market now offers a diverse range of products, including shampoos, conditioners, topical solutions, oral supplements, and even natural and organic options. This diversity allows consumers to choose products that align with their preferences and needs, contributing to the market's growth by catering to a wide audience.

The growing economic prosperity in many regions has made these treatments more accessible and affordable, further boosting the market. The market is witnessing a shift towards a preventive approach to hair care. Rather than waiting until significant hair loss or damage occurs, individuals are taking proactive measures to maintain their hair health. This shift has given rise to a wide range of hair growth supplements and treatments designed to prevent issues and promote overall hair well-being.

The Global Hair Growth Supplement and Treatment Market is segmented into Type, Regional Distribution, And Company.

Based on the Type, Supplements emerged as the dominant segment in the global market for Global Hair Growth Supplement and Treatment Market in 2022. Hair growth supplements often serve a preventive role in hair care. Many individuals take them proactively to maintain hair health and prevent issues such as hair loss and thinning before they become more severe. This proactive approach is particularly appealing to younger individuals who wish to maintain healthy hair and prevent future problems. The hair growth supplement market offers a diverse range of formulations. Consumers can choose from a variety of supplements that contain vitamins, minerals, biotin, herbal extracts, and other nutrients known for their potential benefits to hair health. This diversity caters to different preferences and specific needs, accommodating a broad audience.

Hair growth supplements are consumer-friendly in terms of usage. They come in various forms, including pills, capsules, gummies, and even beverages, providing consumers with options that align with their preferences. The convenience and simplicity of incorporating supplements into one's daily routine make them a popular choice. Unlike certain medical procedures and pharmaceutical treatments, hair growth supplements are non-invasive. They do not require injections, surgeries, or topical applications, which may deter some individuals. This non-invasive nature appeals to consumers who seek hair growth solutions with minimal discomfort or side effects.

North America emerged as the dominant player in the  Global Hair Growth Supplement and Treatment Market  in 2022, holding the largest market share. North America has a well-developed healthcare infrastructure and a highly educated consumer base. Individuals in this region are generally well-informed about the significance of hair health and the available treatment options. The high level of consumer awareness and education has driven the demand for hair growth supplements and treatments. North America, particularly the United States and Canada, is characterized by a high standard of living and strong purchasing power among consumers. This economic prosperity enables individuals to invest in hair care and hair growth solutions, including supplements, pharmaceuticals, and devices. North America boasts a robust healthcare industry with access to a wide range of medical professionals, including dermatologists and trichologists who specialize in hair and scalp health. This accessibility to specialized care contributes to the demand for hair growth treatments, both pharmaceutical and medical.

Major companies operating in Global Hair Growth Supplement and Treatment Market are:

• Nutraceutical Wellness Inc. (Unilever)
• Viviscal Limited. (Church & Dwight)
• GNC Holdings, Inc. (Harbin Pharmaceutical Group)
• OUAI HAIRCARE (P&G)
• InVite Health
• Johnson & Johnson Services, Inc
• Merck & Co., Inc.
• Curallux, LLC.
• iRestore Hair Growth System
• Lexington International, LLC (Hairmax)

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 “The Global Hair Growth Supplement and Treatment Market is poised for significant growth in the coming years. As technology continues to evolve, innovative solutions such as precision medicine, laser therapies, and advanced delivery systems are likely to become more accessible and effective. Extensive research and clinical studies will bolster the credibility of products, enhancing consumer trust. With the increasing awareness of the importance of hair health, individuals across diverse demographics are seeking proactive and holistic approaches to address hair-related concerns. The aging population, along with younger generations, will continue to contribute to the market's growth, as hair health remains a focal point of well-being.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Hair Growth Supplement and Treatment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Supplements, Pharmaceuticals, Devices) Region and Competition”, has evaluated the future growth potential of Global Hair Growth Supplement and Treatment Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Hair Growth Supplement and Treatment Market.

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