Global Men’s Hair Loss Prevention and Growth Products Market to Grow with a CAGR of 5.73% Globally through 2028
According to TechSci Research report, “Global Men’s Hair Loss Prevention and Growth Products Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Men’s Hair Loss Prevention and Growth Products Market stood at USD 1.31 billion in 2022 and is anticipated to grow with a CAGR of 5.73% in the forecast period, 2024-2028. The Men’s Hair Loss Prevention and Growth Products Market is a dynamic and evolving industry that addresses a prevalent concern for men worldwide. Hair loss, often attributed to various factors such as genetics, hormonal imbalances, and lifestyle choices, has spurred a thriving market for products designed to prevent hair loss and stimulate regrowth. The global Men’s Hair Loss Prevention and Growth Products Market has been on an upward trajectory for the past few years. It’s no secret that hair loss is a concern that affects a substantial portion of the male population.
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An increasing awareness of the factors that contribute to hair loss has played a significant role in driving the market. Men today are more knowledgeable about the causes of hair loss, leading to a higher demand for prevention and regrowth products. The global aging population is contributing to the growth of the market. Hair loss is often associated with aging, and as the number of elderly individuals increases, so does the demand for hair loss solutions. Innovations in the field of hair loss prevention and regrowth have led to more effective products. Laser therapy, stem cell treatments, and advanced topical solutions have all gained traction in the market. The convenience of online shopping has made it easier for consumers to access a wide range of hair loss products. E-commerce platforms have become a significant distribution channel for these products. Many celebrities and public figures have openly discussed their experiences with hair loss and endorsed products they claim have helped them. This has reduced the stigma associated with hair loss treatment. There is a growing demand for products that use natural and organic ingredients. Consumers are increasingly conscious of the products they apply to their hair and scalp. The COVID-19 pandemic accelerated the adoption of telehealth, including virtual consultations with hair loss specialists. Tailored approaches to hair loss prevention are on the rise, with some companies offering genetic testing and customized regimens. Many individuals are opting for a combination of products and treatments to maximize their results. For example, using both topical products and laser therapy. Brands are becoming more inclusive by marketing their products to a diverse range of consumers, challenging traditional beauty standards.
The Men’s Hair Loss Prevention and Growth Products Market is experiencing substantial growth due to increasing awareness, technological advancements, and the global aging population. The industry is diverse, offering various product types and solutions to address the common concern of hair loss. However, the market is not without its challenges, such as product efficacy, high competition, and regulatory concerns. The psychological impact of hair loss on men remains a critical issue that the industry must address. As the market continues to evolve, trends like the use of natural ingredients, personalized solutions, and digital consultations are shaping the future of hair loss prevention and regrowth products. The industry is expected to continue its growth trajectory as more innovative and effective solutions emerge, making it easier for men to address this common concern and regain their confidence.
The Global Men’s Hair Loss Prevention and Growth Products Market is segmented into type, category, distribution channel, regional distribution, and company.
Based on the type, the shampoos and conditioners account for the largest share of the men’s hair loss prevention and growth products market, as they are the most commonly used hair care products. However, serums and oils are gaining popularity, as they are believed to be more effective in preventing hair loss and promoting hair growth.
Based on region, North America accounts for the largest share of the men’s hair loss prevention and growth products market, due to the high prevalence of hair loss in men in this region. Asia Pacific is the fastest growing region, due to the rising disposable incomes of men in this region and the increasing awareness of hair loss prevention and growth products.
Major companies operating in Global Men’s Hair Loss Prevention and Growth Products Market are:
- The Procter & Gamble Company
- L’oreal S.A.
- Unilever
- Kao Corporation
- Shiseido Company, Limited
- Taisho Pharmaceutical Holdings Co., Ltd
- Johnson & Johnson Services, Inc.
- Rohto Pharmaceutical Co., Ltd.
- Church & Dwight Co., Inc.
- Forest Essentials
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“The Men’s Hair Loss Prevention and Growth Products market has witnessed remarkable growth in recent years. Increasing awareness and evolving consumer preferences have fueled this expansion. Advances in technology, such as laser therapy and personalized regimens, have provided more effective solutions. E-commerce platforms have made these products easily accessible to a global audience. Celebrities openly discussing their hair loss experiences have reduced stigma and increased demand. As a result, this market is thriving, offering a wide array of topical products, supplements, and treatments, with the potential to boost self-esteem and mental well-being for men grappling with hair loss concerns.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Men’s Hair Loss Prevention and Growth Products Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Shampoos, Conditioners, Oils, Serums, Others), By Category (Conventional, Organic), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Drug Stores, Online, Others), By Region, By Competition, 2018-2028”, has evaluated the future growth potential of Global Men’s Hair Loss Prevention and Growth Products Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Men’s Hair Loss Prevention and Growth Products Market.
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