The global hair oils market size was USD 4.31 Billion in 2021 and is expected to register a revenue CAGR of 3.8% during the forecast period, according to the latest analysis by Emergen Research. Market revenue growth is primarily driven by factors such as rising investments by major companies in RD activities and launch of new and innovative products by startups. Hair oils are enriched with essential oils, such as tea tree, lavender, coconut, and other herbs, which help in circulation of blood to scalp and prevent hair problems. Hair oils helps with itchiness, dryness, provides nourishment and requirednutrition to scalp, whichresultsin softer, glossier, and healthier strands.. For example, ten Moroccan engineering students created acne-prone skin-friendly biodegradable cosmetics called ArgaCarefrom recycled argan waste. This line of products include hair oils and scrubs, among others. In addition, increased customer knowledge about ingredients used in their skin and hair care regimes and demand for light and non-greasy hair oils are driving revenue growth in the market. For example, jojoba oil is a lightweight oil that is chemically and structurally similar to human sebum and is majorly found in the southern U.S. and northern Mexico. It also has vitamin E and oleic fatty acids and has antibacterial and antioxidant properties.
It also provides thorough coverage of various strategic alliances, including partnerships, joint ventures, product launches, brand promotions, and mergers and acquisitions. Key strategic alliances for product development and advancements is expected to add traction to market growth going ahead. The report also covers an in-depth analysis of the key competitors of the market along with their growth strategies and business expansion plans.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Hair Oils market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
L’Oreal, Unilever, Dabur.com, Procter Gamble, CavinKare Group, Coty Inc., Marico, Johnson Johnson Services, Inc., Sephora USA, Inc., and Natural Supply Co.
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Emergen Research has segmented the global Hair Oils market on the basis of type, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2019–2030)
- Heavy Oil
- Light Oil
- Cooling Oil
- Others
Oil Type Outlook (Revenue, USD Billion; 2019–2030)
- Coconut Oil
- Argan Oil
- Almond Oil
- Castor Oil
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2019–2030)
- Supermarket/Hypermarkets
- Online Stores
- Others
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Hair Oils Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Hair Oils Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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