Hair Growth Supplement and Treatment Market to Grow with a CAGR of 6.43% through 2031
Rise in availability of a diverse range of hair treatment products is expected to drive the Global Hair Growth Supplement and Treatment Market growth in the forecast period, 2027-2031
According to TechSci Research report, “Hair Growth Supplement and Treatment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Supplements, Pharmaceuticals, Devices) Region and Competition 2021-2031F”, The Global Hair Growth Supplement and Treatment Market will grow from USD 7.65 Billion in 2025 to USD 11.12 Billion by 2031 at a 6.43% CAGR. One
of the primary drivers of the hair growth supplement and treatment market is
the escalating prevalence of hair-related problems. Factors such as genetics,
aging, stress, pollution, and hormonal imbalances have led to an increasing
number of individuals experiencing issues like hair loss and thinning. This has
prompted a growing demand for practical solutions to address these problems, resulting in a surge in market demand.
Global beauty standards have evolved, with healthy,
voluminous hair integral to the modern beauty ideal. This shift
has amplified individuals' desire to maintain and enhance hair quality, thereby fostering the development of a wide range of products and services to meet this demand. As beauty consciousness continues to grow, so
does the market for hair growth solutions.
The hair growth supplement and treatment market has
greatly benefited from technological advancements in recent years. Innovative
products and treatments have emerged, capitalizing on the latest scientific
research and breakthroughs. Advanced therapies, laser treatments, and precision
medicine exemplify how technology is advancing the industry,
offering more effective and precise solutions for hair health.
In today's information age, consumers are more
informed and educated than ever before. They have access to extensive knowledge about the causes of hair loss and various treatment options. This awareness has not only encouraged individuals to take a
proactive approach to hair health. Still, it has also pushed manufacturers to develop
more transparent and evidence-based products, enhancing the market's
credibility and trustworthiness.
The availability of over the counter (OTC) hair growth
supplements has made it easier for individuals to access and use products
without requiring a prescription. This convenience has expanded the consumer
base, as people can address hair concerns from the comfort of their homes. OTC
products often include vitamins, minerals, and botanical ingredients known to
support hair health.
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The market now offers a diverse range of products,
including shampoos, conditioners, topical solutions, oral supplements, and even
natural and organic options. This diversity enables consumers to select products that align with their preferences and needs, thereby contributing to market growth by serving a broad audience.
The growing economic prosperity in many regions has
made these treatments more accessible and affordable, further boosting the
market. The market is
witnessing a shift towards a preventive approach to hair care. Rather than
waiting until significant hair loss or damage occurs, individuals are taking
proactive measures to maintain their hair health. This shift has given rise to
a wide range of hair growth supplements and treatments designed to prevent
issues and promote overall hair well-being.
The Global Hair Growth Supplement and Treatment Market
is segmented into Type, Regional Distribution, And Company.
By type, Supplements emerged as the dominant segment in the global hair growth supplement and Treatment Market in 2022. Hair growth supplements often serve a preventive
role in hair care. Many individuals proactively use them to maintain hair health and prevent conditions such as hair loss and thinning before they become
more severe. This proactive approach is particularly appealing to younger
individuals who wish to maintain healthy hair and prevent future problems. The
hair growth supplement market offers a diverse range of formulations. Consumers
can choose from a variety of supplements that contain vitamins, minerals,
biotin, herbal extracts, and other nutrients purported to support hair health. This diversity caters to different preferences and specific
needs, accommodating a broad audience.
Hair growth supplements are
consumer-friendly in terms of usage. They come in various forms, including
pills, capsules, gummies, and even beverages, providing consumers with options
that align with their preferences. The convenience and simplicity of
incorporating supplements into one's daily routine make them a popular choice. Unlike
specific medical procedures and pharmaceutical treatments, hair growth
supplements are non-invasive. They do not require injections, surgeries, or
topical applications, which may deter some individuals. This non-invasive
nature appeals to consumers who seek hair growth solutions with minimal
discomfort or side effects.
North America emerged as the dominant region in the Global Hair Growth Supplement and Treatment Market in 2022,
holding the largest market share. North America has a well-developed healthcare
infrastructure and a highly educated consumer base. Individuals in this region
are generally well informed about the importance of hair health and the
available treatment options. The high level of consumer awareness and education
has driven the demand for hair growth supplements and treatments. North
America, particularly the United States and Canada, is characterized by a high
standard of living and strong purchasing power among consumers. This economic
prosperity enables individuals to invest in hair care and hair growth
solutions, including supplements, pharmaceuticals, and devices. North America
boasts a robust healthcare industry with access to a wide range of medical
professionals, including dermatologists and trichologists who specialize in
hair and scalp health. This accessibility to specialized care contributes to
the demand for hair growth treatments, both pharmaceutical and medical.
Major companies operating in Global Hair Growth
Supplement and Treatment Market are:
- Nutraceutical Wellness Inc.
- Viviscal Limited.
- GNC Holdings, Inc.
- Procter & Gamble
- InVite Health
- Johnson & Johnson Services, Inc
- Merck & Co., Inc.
- Curallux, LLC.
- iRestore Hair Growth System
- Lexington International, LLC
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“The Global Hair
Growth Supplement and Treatment Market is poised for significant growth in the
coming years. As technology continues to evolve, innovative solutions such as
precision medicine, laser therapies, and advanced delivery systems are likely
to become more accessible and effective. Extensive research and clinical
studies will bolster the credibility of products, enhancing consumer trust.
With increasing awareness of the importance of hair health, individuals across diverse demographic groups are seeking proactive, holistic approaches to
address hair-related concerns. The aging population, along with younger generations, will continue to contribute to the market's growth, as hair health remains a focal point of well-being,” said Mr Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Hair Growth Supplement and Treatment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Supplements, Pharmaceuticals, Devices) Region and Competition 2021-2031F”, has evaluated the future growth potential of the Global Hair Growth
Supplement and Treatment Market and provides statistics & information on
market size, structure and future market growth. The report aims to provide cutting-edge market intelligence and help decision-makers make sound investment
decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges, and opportunities in the Global Hair Growth Supplement and Treatment Market.
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