Market Highlights: Haircare oil is a product intended to keep the hair moisture balance and used as pre-wash and post-wash nourishment. Hair oil acts as a conditioner, to make the hair silky and soft. Hair oil is a common traditional habit that is being followed for a long time. As hair is extensively affected by harmful factors such as dust, unhealthy eating habits, and pollution, oiling becomes an integral part of the hair care regime as oiling improves the texture and condition of hair. The use of hair oil nourishes strengthens the hair and reduces hair fall. The demand for hair care oil is expected to grow in the forecasted period with a rise in disposable income, rapid population growth and growing awareness about hair care products and its advantages. The market study is being classified by Type (Coconut Oil, Olive Oil, Sweet Almond Oil, Tea Tree Oil, Shea Butter and Other), by Application (Barbershop and Home) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Hair Care Oil are Unilever (United Kingdom), L'Oreal (France), Procter & Gamble (United States), Henkel (Schwarzkopf) (Germany), Shiseido (Japan), Estee Lauder (United States), Avon (United Kingdom), Bajaj (India), Emami (India), Marico (India), Dabur (India), Himalaya (India) and VLCC (India).
The Distribution Channel, such as Hypermarket/Supermarket, is boosting the Hair Care Oil market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights January 2023, P&G Beauty acquired Black-founded hair care brand Mielle Organics. The acquisition comes on the heels of “an impressive period of growth” for the brand. August 2023, Parachute Advansed, the hair nourishment brand by Marico Limited, has launched a TVC to announce the brand’s latest innovation in hair care - Parachute Advansed Sampoorna Hair Oil.
Key Questions Answered in the Report What will the Hair Care Oil Market size and the growth rate be in Future? What are the key factors driving the Hair Care Oil Market? What are the key market trends and macro-economic impacting the growth of the Hair Care Oil Market? What are the challenges to market growth? Who are the key vendors in the Hair Care Oil Market? What are the market opportunities and threats faced by the vendors in the Hair Care Oil Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Hair Care Oil Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hair Care Oil market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hair Care Oil market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Hair Care Oil Manufacturers and suppliers, Research organizations and consulting companies, Government bodies such as regulating authorities and policymakers, Industry associations, Market research and consulting firms and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.