Hair Oil Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Hair Oil Market is segmented by Type as Coconut Oil, Almond oil, Argan Oil, Others; Distribution Channel as Speciality Stores, Drug Stores/Pharmacies, Supermarket/Hypermarkets, Convenience Stores, Others; Geography.

Market Snapshot

bakers yeast market
Study Period: 2016 - 2026
Base Year: 2019
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: 4.7 %

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Market Overview

The global hair oil market is projected to reach  USD 3.9 billion by 2024,  registering a CAGR of  4.78 % during the forecast period (2019 - 2024)

  • Rising demand for natural and organic hair care products encouraged women to spend more on organic hair care products and hair oils, such as shampoos, conditioners, and serums. The growing popularity of brands whose primary purpose is maintaining natural hair growth is expected to drive the market’s growth.
  • Rising inclination toward origin-specific ingredients and free-from formulations are expected to augment the market’s growth. The organized retail outlets are maximizing market share by attracting consumers on the basis of competitive pricing schemes and by offering product varieties. The retail outlets are offering a new shopping experience to consumers by providing comfort and convenience of shopping along with great value.

Scope of the Report

The global hair oil market is segmented based on product type, application, distribution channel, and region. In terms of product type, the hair oil market is segmented into coconut oil, almond oil, argan oil, and others and by distribution channel. Based on distribution channel, market is segmented into specialty stores, drug stores/pharmacies, supermarkets/hypermarkets, convenience stores, and other distribution channels. In addition, coconut oil has antibacterial properties and nutrients, responsible for ideal hair and scalp protection from bacteria/protozoan/viral infections. Argan oil has numerous benefits when applied on hair. Argan oil is often used for hair treatment. It is extremely beneficial for hair and scalp, and also used as a conditioner. Moreover, it is considered as an excellent agent for taming frizz and promoting shine and gloss, as well as softer hair.

By Product Type
Coconut Oil
Almond Oil
Argan Oil
Others
By Distribution Channel
Speciality Stores
Drug Stores/Pharmacies
Supermarket/Hypermarkets
Convenience Stores
Other Distribution Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Russia
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World

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Key Market Trends

Argan Oil Gaining Popularity In Hair Oil Market

Argan oil is widely used in western countries in hair care as it moisturizes hair and acts as conditioner and softener for skin and hair. Argan oil is now used across the globe for a variety of culinary, cosmetic and medicinal applications however the usage in skin care and hair care segments are growing at a faster pace. The various phenolic compounds in argan oil fatty acids and a variety of phenolic compounds. The majority of the fat content of argan oil comes from oleic and linoleic acid. Additionally, argan oil which is a rich source of vitamin E, is widely used for healthy hair. This vitamin also has powerful antioxidant properties are likely responsible for most of its antioxidant and anti-inflammatory capacities. Other compounds present in argan oil, such as Coenzyme (CoQ10), melatonin and plant sterols, also play a role in its antioxidant capacity.

Hair Oil Market 1

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Asia-Pacific is the Fastest Growing Regions

Asia-Pacific is the fastest growing region in the hair oil market. India is one of the leading markets for hair oil in the Asia-Pacific region. India Hair Oil Market Growing Strongly. Coconut oil segment is the most famous one across the country especially in Sothern India. Coconut-based oils were dominated by Marico's Parachute, Bajaj and Dabur are traditionally focused on almond and amla, respectively. As there have been constant rise in the population of the country, the demand of daily essential commodities is observed to be increasing during the forecast period, and so is demand for hair oils. With hair oil having one of the highest market penetrations at 90%, most companies had been playing to their strengths so far.

Hair Oil Market 2

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Competitive Landscape

Bajaj Corp Ltd, Emami Group, Dabur, and Marico Limited are the leading players in hair oil market. Other prominent companies in the market are Loreal SA, Unilever, Henkel AG & Co.KGAA, BioVeda, and Cavin Care Group among others. These companies are further leading to the high competition in the market. Companies are re-launching the existing products catering to the rising demand of hair oils among the consumers. Leading players are acquiring the local players in other countries to increase their prominence in the respective region. For instance: Marico South Africa Pty. Limited (MSA), a wholly owned step-down subsidiary of Marico Limited acquired ISOPLUS, a leading hair styling brand in South Africa.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Coconut Oil

      2. 5.1.2 Almond Oil

      3. 5.1.3 Argan Oil

      4. 5.1.4 Others

    2. 5.2 By Distribution Channel

      1. 5.2.1 Speciality Stores

      2. 5.2.2 Drug Stores/Pharmacies

      3. 5.2.3 Supermarket/Hypermarkets

      4. 5.2.4 Convenience Stores

      5. 5.2.5 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Russia

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Active Companies

    3. 6.3 Most Adopted Strategies

    4. 6.4 Company Profiles

      1. 6.4.1 Dabur India Ltd

      2. 6.4.2 Marico Limited

      3. 6.4.3 Bajaj Corp Ltd

      4. 6.4.4 Emami Group

      5. 6.4.5 L'Oreal SA

      6. 6.4.6 Unilever

      7. 6.4.7 Henkel AG & CO. KGAA

      8. 6.4.8 Bio Veda Action Research Co.

      9. 6.4.9 MorrocanOil

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Hair Oil Market market is studied from 2016 - 2026.

The Hair Oil Market is growing at a CAGR of 4.7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2019.

Dabur India Limited, Marico Industries Limited, Bajaj Corp Limited, Emami Group, L'Oréal SA are the major companies operating in Hair Oil Market.

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