PUBLISHER: Orion Market Research | PRODUCT CODE: 1159280
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159280
Global Hair Supplements Market Size, Share & Trends Analysis Report by Ingredients (Vitamin A, Biotin, Saw Palmetto Extract, Vitamin D, and Folic Acid), and by Form (Capsules, Gummies, Tablets, and Liquid) Forecast Period (2022-2028)
The global hair supplements market is anticipated to grow at a substantial CAGR of 10.2% during the forecast period. The vitamin A is essential for the fast hair growth. Vitamin A helps skin glands to produce an oily substance called sebum which moisturizes the scalp and helps in keeping hair healthy. The demand of vitamin A tablets are increasing due to which the global hair supplements market is also growing during the forecast period. Vitamins help to fight against hair thinning and breakage and also promote hair growth. Many companies are launching products that contain vitamins, biotin, and other essential ingredients that help consumers with hair issues. For instance, in September 2021, ZeoNutra has launched ZEO-HNS tablets to treat everyday hair and skin concerns and the tablets are available for purchase at Rs 604. ZEO-HNS tablets are made with biotin, grape seed extract, and Vitamin C for hair, skin & nails for men and women both. The product also combines essential vitamins, minerals, and amino acids for better and effective results.
The global hair supplements market is segmented based on the ingredients and form. Based on the ingredients, the market is segmented into vitamin a, biotin, saw palmetto extract, vitamin d, and folic acid. Based on the form, the market is sub-segmented into the capsules, gummies, tablets, and liquid.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America region is expected to grow faster during the forecast period due to rise in the number of health and beauty conscious people and also increasing hair related issues. Hair loss cases are increasing in North American countries due to which are consuming hair supplement tablets, capsules, and gummies due to which many big giants are expanding their business and launching their new product line in North American region. For instance, in April 2020, Unilever announced that it has acquired OLLY Nutrition and launched beauty supplement products in Canada. The gummies are made with biotin, keratin, and vitamin c and vitamin e that helps to maintain healthy hair, skin and nails. 3
The major companies serving the global hair supplements market include Amway India Enterprises Pvt. Ltd., HUM Nutrition Inc., Life Extension Foundation Buyers Club, Inc., Nutrawise Health & Beauty Corporation (Youtheory), Philip Kingsley Products Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2021, Youtheory launched its new collagen combo line of five products. The line contains easy-to-consume new mini-tablets to target the body's critical collagen-containing tissues such as bones, hair, skin, joints and the heart.
Research Methodology
The market study of the global hair supplements market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: