Hair Loss Supplement Market Growth Analysis | 2021-2026

Market Insights

The hair loss supplement market is expected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over x% during the forecast period.

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What are hair loss supplements?

Hair loss supplements are intended to prevent hair loss among all age population groups. Hair loss supplements are formulated with different vitamins and minerals to enhance hair growth and prevent hair loss. Hair loss supplements are available in both tablets and capsule form. Supplements available in capsule forms are being widely preferred by consumers.

COVID-19 Impact

The COVID-19 outbreak did affect the growth of the hair loss supplement market for a short period when the lockdown was imposed across geographies which affected the manufacturing and supply of products. However, with the lift of lockdown, the online sale of hair loss supplements increased. Additionally, the number of visits to dermatologists increased as many people face increased hair loss due to stress amid the pandemic. This in turn impacted the market growth positively.

Key Players

Key players operating in the hair loss supplement market are-

• SugarBearHair (The U.S.),
• HUM Nutrition Inc (The U.S.),
• Church & Dwight Co., Inc. (The U.S.),
• Nutrafol (The U.S),
• Nourish Beaute (The U.S.),
• ArtNaturals (The U.S.),
• Nature's Wellness (The U.S),
• Naturenetics Inc. (The U.S),
• BioProsper Labs (The U.S),
• OUAI Haircare (The U.S.),
• Nature's Bounty Co. (The U.S).

Market Dynamics

Changing lifestyles stress due to jobs, and unhealthy eating habits have also resulted in increased hair problems.

• The growth of the hair loss supplement market is primarily driven by an increasing number of people facing hair fall at a young age due to various factors particularly high intake of alcohol and tobacco.
• Additionally, growing emphasis on aesthetics coupled with rising per capita disposable income is also projected to fuel the demand for hair loss supplements at a significant rate during the review period.
• Furthermore, increasing demand for product innovation among consumers is likely to create lucrative opportunities for the players operating in the global market during the review period.

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Segment Analysis

Application Type

Based on application, the market has been segmented into individuals, clinics, and others.

• The individual segment accounted for the largest market share in 2020 and is projected to grow at the fastest CAGR during the review period.
• Rising self-awareness and increasing popularity of social media are the key factors propelling the segment's growth.
• Furthermore, recommendation by the beauticians coupled with increasing beauty parlor visits is likely to fuel the product demand further.

Regional Insights

Geographically, North America accounted for the largest market share in 2020.

• The market growth can be attributed to the increasing prevalence of diseases such as alopecia areata and traction alopecia and the high demand for novel products.
• The market in Asia-Pacific is expected to register the fastest growth during the review period on account of rising consumer awareness coupled with increased spending on personal care products.

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Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories.

By Type

• Tablets
• Capsules
• Others

By Application Type

• Individuals
• Clinics
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Target Audience

The following is a list of the customers that the hair loss supplement market aims to convert the most:

• Hair loss supplement manufacturers
• Hair loss supplement suppliers
• Hair loss supplement distributors
• Organizations
• Government bodies

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.