Men’s Hair Loss Prevention and Growth Products Market to Grow with a CAGR of 5.73% Globally through to 2028
Rising prevalence of hair loss in men and increasing
awareness of hair loss prevention and growth products are factors driving the
global men’s hair loss prevention and growth products market in the forecast
period 2024-2028.
According to TechSci Research report, “Global Men’s
Hair Loss Prevention and Growth Products Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global Men’s
Hair Loss Prevention and Growth Products Market stood at USD 1.31 billion in
2022 and is anticipated to grow with a CAGR of 5.73% in the forecast period,
2024-2028. The Men's Hair Loss Prevention and Growth Products Market is a
dynamic and evolving industry that addresses a prevalent concern for men
worldwide. Hair loss, often attributed to various factors such as genetics,
hormonal imbalances, and lifestyle choices, has spurred a thriving market for
products designed to prevent hair loss and stimulate regrowth. The global Men's
Hair Loss Prevention and Growth Products Market has been on an upward
trajectory for the past few years. It's no secret that hair loss is a concern
that affects a substantial portion of the male population.
Browse over 26 market data Figures spread
through 184 Pages and an in-depth TOC on "Global Men’s Hair Loss Prevention and Growth Products Market”
An increasing awareness of the factors that contribute
to hair loss has played a significant role in driving the market. Men today are
more knowledgeable about the causes of hair loss, leading to a higher demand
for prevention and regrowth products. The global aging population is contributing to the
growth of the market. Hair loss is often associated with aging, and as the
number of elderly individuals increases, so does the demand for hair loss
solutions. Innovations in the field of hair loss prevention and regrowth have led
to more effective products. Laser therapy, stem cell treatments, and advanced
topical solutions have all gained traction in the market. The convenience
of online shopping has made it easier for consumers to access a wide range of
hair loss products. E-commerce platforms have become a significant distribution
channel for these products. Many celebrities and public figures have openly
discussed their experiences with hair loss and endorsed products they claim
have helped them. This has reduced the stigma associated with hair loss
treatment. There
is a growing demand for products that use natural and organic ingredients.
Consumers are increasingly conscious of the products they apply to their hair
and scalp. The COVID-19 pandemic accelerated the adoption of telehealth,
including virtual consultations with hair loss specialists. Tailored approaches
to hair loss prevention are on the rise, with some companies offering genetic
testing and customized regimens. Many individuals are opting for a combination of
products and treatments to maximize their results. For example, using both
topical products and laser therapy. Brands are becoming more inclusive by marketing their
products to a diverse range of consumers, challenging traditional beauty
standards.
The Men's Hair Loss Prevention and Growth Products
Market is experiencing substantial growth due to increasing awareness,
technological advancements, and the global aging population. The industry is
diverse, offering various product types and solutions to address the common
concern of hair loss. However, the market is not without its challenges,
such as product efficacy, high competition, and regulatory concerns. The
psychological impact of hair loss on men remains a critical issue that the
industry must address. As the market continues to evolve, trends like the use
of natural ingredients, personalized solutions, and digital consultations are
shaping the future of hair loss prevention and regrowth products. The industry
is expected to continue its growth trajectory as more innovative and effective
solutions emerge, making it easier for men to address this common concern and
regain their confidence.
The Global Men’s Hair Loss Prevention and Growth
Products Market is segmented into type, category, distribution channel,
regional distribution, and company.
Based on the type, the shampoos and conditioners
account for the largest share of the men's hair loss prevention and growth
products market, as they are the most commonly used hair care products.
However, serums and oils are gaining popularity, as they are believed to be
more effective in preventing hair loss and promoting hair growth.
Based on region, North America accounts for the
largest share of the men's hair loss prevention and growth products market, due
to the high prevalence of hair loss in men in this region. Asia Pacific is the
fastest growing region, due to the rising disposable incomes of men in this
region and the increasing awareness of hair loss prevention and growth products.
Major companies operating in Global Men’s Hair
Loss Prevention and Growth Products Market are:
- The Procter & Gamble Company
- L’oreal S.A.
- Unilever
- Kao Corporation
- Shiseido Company, Limited
- Taisho Pharmaceutical Holdings Co., Ltd
- Johnson & Johnson Services, Inc.
- Rohto Pharmaceutical Co., Ltd.
- Church & Dwight Co., Inc.
- Forest Essentials
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“The Men's Hair Loss Prevention and Growth Products
market has witnessed remarkable growth in recent years. Increasing awareness
and evolving consumer preferences have fueled this expansion. Advances in
technology, such as laser therapy and personalized regimens, have provided more
effective solutions. E-commerce platforms have made these products easily
accessible to a global audience. Celebrities openly discussing their hair loss
experiences have reduced stigma and increased demand. As a result, this market
is thriving, offering a wide array of topical products, supplements, and
treatments, with the potential to boost self-esteem and mental well-being for
men grappling with hair loss concerns.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Men’s
Hair Loss Prevention and Growth Products Market – Global Industry Size, Share,
Trends, Opportunity, and Forecast, Segmented By Type (Shampoos, Conditioners,
Oils, Serums, Others), By Category (Conventional, Organic), By Distribution
Channel (Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Drug Stores,
Online, Others), By Region, By Competition, 2018-2028”, has
evaluated the future growth potential of Global Men’s Hair Loss Prevention and
Growth Products 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 Men’s
Hair Loss Prevention and Growth Products Market.
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