The global hair loss men and women market is anticipated to grow at a CAGR of 6.0% during the forecast period (2022-2028). Hair loss is a non-scarring progressive form of alopecia that typically affects the temporal, frontal, and vertex scalp in men and the central scalp in women. The process can begin soon after puberty, and the resulting hair loss negatively affects the quality of life and self-image. The most common cause of hair loss in both men and women is androgenetic alopecia, also referred to as male or female pattern baldness.
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Many people are taking treatment for their hair loss and there are various products that are available for both men and women for the treatment of hair loss. Several manufacturers focus to make these kinds of products which are available at affordable prices. Additionally, the increase in stress and hormonal disbalance results in hair loss, and people tend to purchase more hair loss treatment products. All these factors drive the growth of the market. A growing number of organizations that spread awareness about solutions for hair regrowth such as the National Alopecia Areata Foundation and the American Hair Loss Association can boost the growth of the market. However, lack of consumer trust and the growing popularity of alternate hair treatments, such as surgeries, hair loss transplants, laser therapy, and scalp reduction among others are some restraining factors for the market.
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Some major players in the market include Procter & Gamble Co., Unilever plc, and L’Oréal SA, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market.
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Recent Strategic Initiatives
- In December 2021, Maypharma launched a new professional set HAIRNA for Hair loss solution. New Hair Product Line consists of 5 products, one of the main products is HAIRNA EXOSOME AMPOULE (5ml x 5 vials) with exosomes, which is effective in hair loss treatment.
- In September 2021, Dr. Reddy’s Laboratories Ltd. launched the prescription drug Minoxidil topical solution USP 2% and 5% for the treatment of female pattern hair loss (FPHL). The product is sold under the brand names Mintop 2% and Mintop Eva 5% respectively.
- In November 2020, H&M’s Group Afound introduced its wide range of beauty and hair care products range to expand its online presence around the regions of the Netherlands, Germany, and Austria.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Procter & Gamble Co., Unilever plc, and L’Oréal SA, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Hair Loss Men and Women Market Report by Segment
By Type
- Shampoo
- Conditioners
- Medicine Product
- Others
By Application
- Men
- Women
By Distribution Channel
- Supermarkets and Hypermarket
- Convenience Stores
- Specialty Retailers
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