Global Hair Growth Supplement and Treatment Market Overview:
As per MRFR analysis, the Hair Growth Supplement and Treatment Market Size was estimated at 3.18 (USD Billion) in 2022. The Hair Growth Supplement and Treatment Market is expected to grow from 3.4 (USD Billion) in 2023 to 6.2 (USD Billion) by 2032. The Hair Growth Supplement and Treatment Market CAGR (growth rate) is expected to be around 6.91% during the forecast period (2024 - 2032).
Key Hair Growth Supplement and Treatment Market Trends Highlighted
The Hair Growth Supplement and Treatment Market is experiencing a surge in demand due to increasing awareness about hair loss and hair care. Consumers are increasingly seeking effective solutions to combat hair thinning and promote hair growth.
The market is driven by factors such as changing lifestyles, rising pollution levels, and genetic predisposition to hair loss. Innovative products, such as topical solutions, oral supplements, and laser therapy devices, are gaining popularity as consumers seek non-invasive and convenient treatments.
The market is also witnessing the emergence of personalized hair growth treatments tailored to individual needs and hair types. Additionally, the growing trend of self-care and the influence of social media are contributing to the market's growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Hair Growth Supplement and Treatment Market Drivers
Rising Prevalence of Hair Loss
Hair loss has become increasingly common in recent years, affecting both men and women. This is primarily due to factors such as genetics, hormonal changes, stress, and environmental pollution.
The rising prevalence of hair loss has fueled the demand for effective hair growth supplements and treatments. The Hair Growth Supplement and Treatment Market has witnessed a surge in product development and innovation to cater to this growing need.
Growing Awareness of Hair Care
Consumers are becoming increasingly aware of the importance of hair care and its impact on overall appearance. This awareness has led to a growing demand for hair growth supplements and treatments that promote healthy hair growth and prevent hair loss.
The Hair Growth Supplement and Treatment Market has responded to this trend by offering a wide range of products that address specific hair concerns, such as thinning hair, hair breakage, and scalp conditions.
Technological Advancements
Advancements in technology have played a significant role in the growth of the Hair Growth Supplement and Treatment Market. Research and development efforts have led to the development of innovative products that are more effective and less invasive.
For instance, the introduction of non-surgical hair transplantation techniques and the use of lasers and other devices for hair growth stimulation have expanded the treatment options available to consumers.
Hair Growth Supplement and Treatment Market Segment Insights:
Hair Growth Supplement and Treatment Market Supplement Type Insights
The Hair Growth Supplement and Treatment Market encompasses a variety of supplement types that cater to consumers seeking to enhance hair health.
Notably, Biotin Supplements emerged as a dominant force within the market, boasting a valuation of 1.082 USD Billion in 2023 and projected to reach 1.884 USD Billion by 2032, reflecting their widespread recognition for promoting hair thickness and growth.
Following closely were Collagen Supplements, which registered a value of 0.695 USD Billion in 2023, expected to grow to 1.256 USD Billion by 2032; they were increasingly sought after for their role in improving skin elasticity that impacts hair follicles.
Keratin Supplements, valued at 0.541 USD Billion in 2023 and estimated to climb to 1.02 USD Billion by 2032, were also significant as they provided the structural component essential for hair strength and resilience.
In addition, Vitamin D Supplements showed their growing importance with a current market valuation of 0.386 USD Billion, projected to rise to 0.785 USD Billion, indicating emerging awareness of its relationship with hair follicle cycling.
Lastly, Iron Supplements, which held a value of 0.695 USD Billion in 2023, are equally crucial in the context of hair growth, particularly in preventing hair loss associated with iron deficiency, projected to reach 1.256 USD Billion.
The consistent growth across these types highlights a robust demand driven by increased consumer awareness regarding the importance of nutrition in maintaining healthy hair, reflecting a positive trend in the Hair Growth Supplement and Treatment Market.
As this market evolves, opportunities are anticipated for continued innovation in formulations and combinations of these supplements to address diverse consumer needs, shaping future market statistics and data.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Hair Growth Supplement and Treatment Market Treatment Type Insights
The Hair Growth Supplement and Treatment Market, specifically within the Treatment Type segment, showcases a diverse range of options that cater to various consumer needs.
Laser Therapy and Platelet-Rich Plasma (PRP) Therapy have emerged as innovative approaches, often preferred for their non-invasive nature and effectiveness in stimulating hair growth. Microneedling is gaining traction for its ability to enhance the absorption of topical treatments, while Hair Transplants hold a significant position due to their long-lasting results.
Scalp Massaging is also notable, as it is recognized for promoting blood circulation in the scalp, thereby supporting overall hair health. The market's growth is driven by increasing awareness of hair restoration techniques, societal pressures regarding appearance, and advancements in technology.
However, challenges such as regulatory hurdles and the high costs associated with certain procedures can impact market accessibility. Overall, the Hair Growth Supplement and Treatment Market's revenue reflects growing consumer interest, innovation, and a trend toward personalized hair care solutions in this evolving landscape.
Hair Growth Supplement and Treatment Market Application Insights
The Hair Growth Supplement and Treatment Market shows a robust growth trajectory propelled by various applications addressing hair loss conditions. The market segmentation reveals a focus on issues like Male Pattern Baldness and Female Pattern Baldness, which are significant contributors to the overall demand for hair growth solutions.
The prevalence of these conditions drives innovation in treatments and supplements, meeting the needs of a diverse consumer base. Moreover, Alopecia Areata and Telogen Effluvium are gaining attention due to their increasing incidence and the growing awareness around hair health.
These conditions collectively represent a major segment within the market, appealing to consumers seeking effective solutions for hair restoration. The market trends indicate a shift towards natural and scientifically backed products as consumers become more health-conscious.
Additionally, the expansion of distribution channels, including e-commerce, enhances product accessibility and facilitates market growth.
As the market continues to evolve, opportunities abound for new entrants and established players to cater to the diverse needs associated with hair loss conditions, contributing to the overall expansion of the Hair Growth Supplement and Treatment Market revenue.
Hair Growth Supplement and Treatment Market Regional Insights
Notably, North America held a majority share, valued at 1.3 USD Billion in 2023 and expected to grow to 2.3 USD Billion by 2032, attributing its dominance to high consumer awareness and demand for effective hair growth solutions. Europe followed, with a significant valuation of 1.0 USD Billion in 2023 and an increase to 1.8 USD Billion by 2032, driven by trends in natural and organic products.
The Asia Pacific region, valued at 0.6 USD Billion in 2023, is anticipated to experience notable growth, reaching 1.4 USD Billion by 2032, as an increasing population sought solutions to hair loss due to changing lifestyles.
South America and, the Middle East and Africa represented smaller shares, with valuations of 0.3 USD Billion and 0.2 USD Billion in 2023, growing to 0.5 USD Billion and 0.3 USD Billion respectively by 2032. These regions were emerging markets, offering opportunities with increasing awareness and a shift towards hair care products.
Understanding the Hair Growth Supplement and Treatment Market statistics and segmentation is essential for stakeholders looking to explore potential growth avenues.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Hair Growth Supplement and Treatment Market Key Players and Competitive Insights:
Major players in the Hair Growth Supplement and Treatment Market are constantly investing in research and development to launch innovative products and expand their market share. Leading Hair Growth Supplement and Treatment Market players are focusing on developing personalized hair care solutions to cater to the specific needs of consumers.
They are also collaborating with influencers and celebrities to promote their products and reach a wider audience. The Hair Growth Supplement and Treatment Market is highly competitive, and companies are constantly trying to outdo each other in terms of product quality, innovation, and marketing.
Leading Hair Growth Supplement and Treatment Market players are focusing on expanding their product portfolios and entering new markets to gain a competitive edge. They are also investing in research and development to develop innovative products and treatments that meet the evolving needs of consumers.
For instance, in 2023, DS Laboratories, a leading player in the hair growth supplement and treatment market, launched a new line of hair growth products that are formulated with clinically proven ingredients to promote hair growth and prevent hair loss.
Competitor companies in the Hair Growth Supplement and Treatment Market are focusing on developing affordable products to cater to the needs of value-conscious consumers. They are also expanding their distribution channels to reach a wider customer base.
For instance, Hims & Hers, a leading competitor in the hair growth supplement and treatment market, offers a range of affordable hair growth products online and through retail stores. The company also provides personalized hair care plans to meet the specific needs of its customers.
Key Companies in the Hair Growth Supplement and Treatment Market Include:
- Nutrafol
- Vegamour
- Moon Juice
- Olaplex
- Briogeo
- Amika
- R+Co
- Kérastase
- Viviscal
- Hairtamin
- Moroccanoil
- Living Proof
- Bumble and Bumble.
- Prose
Hair Growth Supplement and Treatment Market Developments
The increasing prevalence of hair loss and growing awareness about hair growth supplements and treatments are major factors driving market growth. Technological advancements, such as laser therapy and platelet-rich plasma (PRP) injections, are further propelling market expansion.
Recent news developments include the launch of new products by leading players like Nutrafol and Viviscal, as well as strategic partnerships and acquisitions to strengthen market presence and expand product portfolios.
Hair Growth Supplement and Treatment Market Segmentation Insights
- Hair Growth Supplement and Treatment Market Supplement Type Outlook
- Biotin Supplements
- Collagen Supplements
- Keratin Supplements
- Vitamin D Supplements
- Iron Supplements
- Hair Growth Supplement and Treatment Market Treatment Type Outlook
- Laser Therapy
- Platelet-Rich Plasma (PRP) Therapy
- Microneedling
- Hair Transplants
- Scalp Massaging
- Hair Growth Supplement and Treatment Market Application Outlook
- Male Pattern Baldness
- Female Pattern Baldness
- Alopecia Areata
- Telogen Effluvium
- Other Hair Loss Conditions
- Hair Growth Supplement and Treatment Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Report Attribute/Metric
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Details
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Market Size 2022
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3.18(USD Billion)
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Market Size 2023
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3.4(USD Billion)
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Market Size 2032
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6.2(USD Billion)
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Compound Annual Growth Rate (CAGR)
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6.91% (2024 - 2032)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2023
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Market Forecast Period
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2024 - 2032
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Historical Data
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2019 - 2023
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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Nutrafol, Vegamour, Moon Juice, Olaplex, Briogeo, Amika, R+Co, Kérastase, Viviscal, Hairtamin, Moroccanoil, Living Proof, Bumble and Bumble., Prose
|
Segments Covered
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Supplement Type, Treatment Type, Application, Regional
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Key Market Opportunities
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Rising hair loss concerns, Increasing demand for noninvasive treatments, Growing popularity of nutraceuticals, Innovations in hair growth technologies, and Expansion of e-commerce platforms.
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Key Market Dynamics
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Increasing prevalence of hair loss
Growing aesthetic concerns
Rising disposable income
Advancements in hair growth technology
Expanding consumer base
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Frequently Asked Questions (FAQ) :
The Hair Growth Supplement and Treatment Market is expected to be valued at 6.2 USD Billion in 2032.
The CAGR for the Hair Growth Supplement and Treatment Market is projected to be 6.91% from 2024 to 2032.
North America is expected to hold the largest market share, valued at 2.3 USD Billion in 2032.
Biotin Supplements are projected to reach a market size of 1.884 USD Billion in 2032.
Major players include Nutrafol, Vegamour, and Olaplex, among others.
Collagen Supplements are expected to be valued at 1.256 USD Billion in 2032.
Asia Pacific is anticipated to see significant growth, projected to reach 1.4 USD Billion in 2032.
Keratin Supplements are expected to be valued at 1.02 USD Billion in 2032.
Iron Supplements are expected to reach a market size of 1.256 USD Billion in 2032.
The South American region is predicted to reach a market size of 0.5 USD Billion in 2032.