Hair Oil Market

Hair oil is a hair care product that is used for pre-wash and post-wash nourishment of the hairs. It contains herbal drugs that help to promote the luxurious growth of hair and keep the moisture balance of the hair. Hair oil is used for the prevention and treatment of baldness or other ailments. Hair oiling plays a vital role because of the harmful factors such as dust, pollution, and unhealthy eating habits as it improves the texture and condition of hair. In addition to this, hair oiling is a traditional habit among consumers and provide nourishment while reducing hair fall.

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Key Hair Oil Market Drivers

The inclination of consumers towards natural and organic hair care products is the key driver that is surging the growth of the global hair oil market. Moreover, the growing concern regarding maintaining hair growth and the rising hair problems such as dryness, breakage, and hair fall will increase the demand for hair oil products in the market. Growing consumer preference toward origin-specific ingredients encourages women to spend more on organic hair care products, which will further boost the global hair oil market. In addition to this, the availability of a wide range of hair oil products and benefits about the products are attracting consumers towards the market. Major players are investing in various R & D activities for further improvement and enhancement of hair oil to meet the changing consumer demand. However, the easy availability of non-oil hair care products may restraint the growth of the global hair oil market.

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Based on the Product Type, the Argan Oil segment is expected to grow at a higher CAGR in the global Hair Oil market during the forecast period owing to the high usage of argan oil in cosmetic and medical applications across the globe. In addition to this, argon oil is majorly used in western countries for hair care and considered as a rich source of vitamin E, thereby driving the growth of the argan oil segment. It further offers antioxidant properties and is highly beneficial for hairs.

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Regional – Segment Analysis

Based on the region, the Asia-Pacific region is predicted to dominate the market during the forecast period due to the growing hair related problems, coupled with the increasing population in the Asia-Pacific region. Also, an increasing number of hair and scalp problems such as damaged hair, hair loss, and other issues have shifted the consumers towards hair oil products. This factor will further drive the market growth. Furthermore, the increasing consciousness among the young population about their hair appearance will increase the demand for hair oil products in this region.

Top Market Players

Various notable players operating in the market include Loreal S.A., Unilever PLC, Marico Limited, Dabur India Limited, Emami Group, Bajaj Corp Ltd., Henkel AG & CO. KGAA, Cavin Care Group, and Procter & Gamble, among others.

Key Developments: 

• • In 2019, Henkel AG & CO. KGAA signed an agreement to acquire Deva Parent Holdings, Inc. Through this acquisition, the company planned to expand and strengthen its hair care professional portfolio in the US beauty care business.

Segments covered in the Report:

The global Hair Oil market has been segmented on the basis of Product Type, Distribution Channel, and regions. Based on Product Type, the market is segmented into Coconut Oil, Almond Oil, Olive Oil, Argan Oil and Others. Based on Distribution Channel, the market is segmented into Specialty Stores, Drug Stores/Pharmacies, Supermarkets/Hypermarkets, Convenience Stores, and Others.

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Market Segmentation

Global Hair Oil Market by Product Type

• • Coconut Oil
  • Almond Oil
  • Argan Oil
  • Others

Global Hair Oil Market by Distribution Channel

• • Speciality Stores
  • Drug Stores/Pharmacies
  • Supermarket/Hypermarkets
  • Convenience Stores
  • Others

Global Hair Oil Market by Region

• • North America Hair Oil Market (Option 1: As a part of the free 25% customization)
    • By Product Type
    • By Distribution Channel
    • US Market All-Up
    • Canada Market All-Up
  • Europe Hair Oil Market (Option 2: As a part of the free 25% customization)
    • By Product Type
    • By Distribution Channel
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Hair 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 Hair 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

Major Players Operating the Hair Oil (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Loreal S.A.
  • Unilever PLC
  • Marico Limited
  • Dabur India Limited
  • Emami Group
  • Bajaj Corp Ltd.
  • Henkel AG & CO. KGAA
  • Cavin Care Group
  • Procter & Gamble