Beard Oil Market

Beard Oil Market size reached USD 1.1 billion in 2022 and is estimated to reach USD 1.7 billion in 2030 and the market is estimated to grow at a CAGR of 5.5% from 2023-2030

Beard Oil Market Overview

Beard oil acts as a substitute for aftershave creams and helps in replicating the skin oils. It contains several vitamins, including vitamin A, D and E, and high linoleic acid concentration. The beard oil comes in different fragrances such as natural and synthetic fragrance and gives a shiny look to the beard. This styling agent also helps in protecting the beard while maintaining the quality of the beard hair. The different ingredients used in the beard oil are jojoba oil, argan oil, castor oil, grape oil, and almond oil.

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Beard Oil Market Key Drivers

The growing consciousness regarding the appearance, along with the increasing spending on grooming products among male consumers, is the key factor driving the demand of the Global Beard Oil Market. The improving economic conditions across the developing countries, followed by the high disposable income is encouraging the consumers to opt for grooming products to enhance their overall personality. The significant shift in the consumption patterns and the growing awareness about these products will have a positive impact on the demand of the market over the coming years. In addition to this, increasing consumer base across the globe, coupled with the easy availability of a wide range of products, will further enhance the growth of the market. However, the growing consumer awareness regarding the artificial content used in beard oil and the easy availability of cheaper substitutes will hamper the growth of the market.

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Based on the product type, the conventional beard oil products are expected to grow at a higher CAGR during the forecast period owing to the lower price of these products as compared to the organic type. The organic beard oil products are anticipated to lead the market during the forecast period. The rising awareness regarding the benefits offered by the organic products has encouraged the consumers to opt for organic beard oil products for better nourishment of the beard hair. The organic beard oil contains essential oils such as argan, jojoba, almond, grape seed, tea tree, sandalwood, castor, pinewood, and cedarwood, which helps in fighting against beard dandruff while making the beard styling process easier. For instance, the tea tree oil provides moisturization to the skin and helps in keeping the hair smooth and shiny.

Based on the distribution channel, the specialized stores are expected to grow at a higher CAGR during the forecast period owing to the easy availability of a wide range of products under one roof. The online stores are also projected to grow at a higher CAGR in the forecast period due to the increasing popularity of online shopping and the growing penetration of smart gadgets at the global level. In addition to this, the increasing adoption rate of e-commerce websites and the availability of different online stores for the purchase of various beard oil at better discount offers will promote the consumers to opt for e-shopping.

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Regional – Segment Analysis

Based on the region, the Europe region is anticipated to lead the market during the forecast period due to the growing inclination of consumers towards maintaining personal appearance in this region. The Asia-Pacific region is also expected to grow at a higher CAGR during the forecast period owing to the increasing awareness regarding the products and changing lifestyle of consumers in this region. Moreover, the increasing disposable income of consumers, along with the rising spending on self-grooming among men will further drive the growth of the Global Beard Oil Market in this region.

Top Market Players

Various notable players operating in the market, include Macho Beard Company, Hindustan Unilever Limited, The American Beard Company, Klapp Cosmetics GMBH, Rosdon Group Limited, Texas Beard Company, Fulllight Technology Co. Limited, The Gentleman’s, Honest Amish, Viking Revolution, ArtNaturals, among others.

Key Developments:

• • In 2018, Hindustan Unilever Limited entered into a partnership with Amazon India to launch a beard grooming and hair care product range to cater the growing demand of beard oil among consumers.

Segments covered in the Report:

The Global Beard Oil Market has been segmented on the basis of product type, distribution channel and key regions. Based on product type, the market is segmented into organic and conventional. Based on distribution channel, the market is segmented into online stores, hypermarkets, specialised stores and others.

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Report Coverage	Details
Market Revenues (2022)	USD 1.1 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Value (USD billion)
Market Segment	By Product Type, By Distribution Channel, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Macho Beard Company, Hindustan Unilever Limited, The American Beard Company, Klapp Cosmetics GMBH, Rosdon Group Limited, Texas Beard Company, Fulllight Technology Co. Limited, The Gentleman’s, Honest Amish, Viking Revolution, ArtNaturals; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Beard Oil Market by Product Type

• • Organic
  • Conventional

Global Beard Oil Market by Distribution Channel

• • Online
  • Hypermarkets
  • Specialised Stores
  • Others

Global Beard Oil Market by Region

• • North America Beard Oil Market Option 1: As a part of the free 25% customization

    • by Product Type
    • by Distribution Channel
    • United States of America (US) Market All-Up
    • Canada Market All-Up

  • Europe Beard Oil Market Option 2: As a part of the free 25% customization 

    • by Product Type
    • by Distribution Channel
    • United Kingdom (UK) Market All-Up
    • Germany All-Up Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Beard Oil Market Option 3: As a part of the free 25% customization

    • by Product Type
    • by Distribution Channel
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • ROW Beard Oil Market Option 4: As a part of the free 25% customization 

    • by Product Type
    • by Distribution Channel
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Beard Oil Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Macho Beard Company
  • Hindustan Unilever Limited
  • The American Beard Company
  • Klapp Cosmetics GMBH
  • Rosdon Group Limited
  • Texas Beard Company
  • Fulllight Technology Co. Limited
  • The Gentleman’s
  • Honest Amish
  • Viking Revolution
  • ArtNaturals