Nowadays, most people experience hair loss due to various internal problems, such as hormone imbalance, chronic illnesses, aging, and many others. The growing need for care among persons with androgenetic alopecia is driving the growth of the market for hair loss treatment products. This hair problem can lead to baldness and affect women, men, and children; they need medicine. Manufacturers are revitalizing current product lines and attempting to get a larger market share by releasing new products at competitive prices.
More than 50% of Indians, according to various research, look for hair fall control solutions, such as shampoos, conditioners, serums, and other product categories in the entire hair care product range. According to this result, products that treat hair loss are more in demand in India than those that deal with other hair care-related issues. Customers are becoming more aware of the various hair loss treatment choices thanks to social media, newspapers, and TV advertising, encouraging them to purchase these products. Throughout the research period, these factors are anticipated to fuel market expansion.
Hair loss is a serious issue across the board in the hair care industry because of androgenetic alopecia, also known as common male pattern baldness (MPB), which affects both men and women. External factors, such as stress, pollution of the environment, and diseases like dengue, have also led to an upsurge in hair loss among women in recent years. The need for hair loss treatment options is increasing because hair loss is a significant concern for the younger population and because people spend a lot of money on hair care products each year.
Manufacturers of hair fall treatment products are growing into rising nations like India and developing their brands to gain a competitive advantage over rivals. The firms have partnerships with affiliated, well-known salons to market and sell their products in these countries. Companies entering developing markets for hair fall treatment products may benefit from the first-mover advantage, which could help them stand out even if other companies develop and release equivalent products.
In addition, according to Apollo Cosmetic Clinics, stress and pollution are responsible for hair loss in 10% of women and 60% of men in India. As a result, countries like India have markets for products that cure the scalp. As males in this country are more prone to encounter problems with hair loss than females, businesses may develop gender-specific products to set themselves apart from competitors. Examining all of the factors mentioned above leads to an increase in hair loss and concerns, particularly among females around the world, which undoubtedly spurs the development of the market for hair loss treatment solutions.
Asia-Pacific is the highest revenue contributor and is anticipated to grow at a CAGR of 4.25% during the projection period. Due to the nation's diverse spectrum of climatic circumstances that result in hair fall and hair damage problems, the potential for hair loss treatment solutions on the market is expanding. The average U.S. PM2.5 measurement was 58.08 g/m3, and the average AQI result was 152. This concentration was five times higher than the amount the World Health Organization (WHO) advised. Environmental factors play a sizable role in hair loss and hair thinning. Environmental factors such as pollution, dust, dry weather, and wet weather can cause hair loss and fall.
LAMEA is anticipated to grow at a CAGR of 8.95% during the forecast period. Customers think harsh weather, followed by desalinated water in Abu Dhabi and Dubai, contributes to their hair loss. Hair falls are considered the most serious issue affecting women in the emirate, which has led to a need for anti-hair fall hair care products such as conditioners, shampoo, and hair serum. Drinking tap water weakens hair in the United Arab Emirates, which leads to hair loss. The temperature itself is a central exacerbating element. Customers are shampooing more regularly due to the hot, muggy weather and excessive perspiration. Too many shampooing sessions cause the scalp to become dehydrated and lose its natural oils.
The global hair loss treatment products manufacturers are The Procter and Gamble Company, L'Oréal SA, Unilever PLC, Taisho Pharmaceutical Co. Ltd, Pierre Fabre Group, Himalaya Wellness Company, Shiseido Company Limited, Johnson and Johnson, Natura and Co., The Estee Lauder Companies Inc., Oriflame Group, and Lotus Herbals.