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 R&D 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 required nutrition to scalp, which results in softer, glossier, and healthier strands.. For example, ten Moroccan engineering students created acne-prone skin-friendly biodegradable cosmetics called ArgaCare from 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.
However, rising demand for hassle-free, non-greasy, and new-age products in advanced and innovative formats is hampering revenue growth of the market. Furthermore, the fact that few manufacturers use mineral oil in their products, which degrades quality of hair, making it rougher and unmanageable, is also expected to restrain revenue growth of the market.
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The major companies Covered 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.
The report estimates the market size in the forecast duration by studying its value, volume, market share, growth rate, and other market essentials. It gives extensive company profiles, wherein the analysts explain the expansion tactics adopted by market leaders, including both long- and short-term strategies, and other vital competitive factors of significant businesses in the global Hair Oils market.
Scope of the study
A holistic overview of the Hair Oils market extending to all essential information of the said market.
Market segmentation is done based on product types, applications, and end-user industries, among other critical factors. The market segments studied in this report include Graphene, Carbon Nanotube, Silver, Copper, and Others. The market analysis of the Hair Oils sector is well-curated and backed by extensive research on these market segments.
The detailed study pertaining to the Global Hair Oils Market also sheds light on the analysis of the market position and market size.
Additionally, the study also discusses the factors boosting the growth of the Hair Oils market. For the extensive analysis, the report relies on authentic sources of information, primarily acquired through interviews of industry experts.
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Emergen Research has segmented the global hair oils market based on product type, oil type, distribution channel, application, and region:
Product Type Outlook (Revenue, USD Billion; 2019–2030)
Oil Type Outlook (Revenue, USD Billion; 2019–2030)
Distribution Channel Outlook (Revenue, USD Billion; 2019–2030)
Application Outlook (Revenue, USD Billion; 2019–2030)
Regional Outlook (Revenue, USD Billion; 2019–2030)
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of Middle East & Africa
Key highlights of this research report:
The castor segment registered a steady revenue share in 2021. Castor oil is mainly used to treat baldness and hair loss and is rich in essential amino acids and omega 6 and omega 8 fatty acids, among others, which provide hydration to scalp and trap moisture and natural oils in hair, sealing it into strands. It also acts as a natural conditioner that keeps hair shiny, soft, and healthy and has anti-fungal and anti-bacterial properties that help to keep scalp infections caused by humidity and rain at bay. It also promotes hair growth and reduces scalp acne, which is expected to drive revenue growth in this segment.
The supermarket/hypermarkets segment accounted for largest revenue share in 2021 due to wide availability and various products offered. Supermarkets provide a convenient setting for customers to evaluate and select from various manufacturers to get the product and price that best suit their needs, which is driving revenue growth of this segment.
The Asia Pacific market is expected to register fastest revenue growth rate due to increasing use of hair oils by individuals. Market revenue growth is also driven by rising demand for chemical-free and ayurvedic hair oil for preventing hair fall and driving hair growth.
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