Covid-19 Impact on Hair Loss Supplement Market: Updated Study Offering Insights & Analysis up to 2026

SEP 06,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Hair Loss Supplement Market.

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.

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 capsules form. Supplements available in capsule forms are being widely preferred by consumers.

Market Dynamics

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

• The growth of the global 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.

Segment Analysis

Application Trends

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

• The individual's 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 growth.
• Furthermore, recommendation by the beauticians coupled with increasing beauty parlour visits is likely to fuel the product demand further.

Regional Trends

Geographically, the market in 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 high demand for novel products.
• The market in Asia-Pacific is expected to register fastest growth during the review period on account of rising consumer awareness coupled with increased spending on personal care products.

Key Players:               

• 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), and
• Nature's Bounty Co. (The U.S).

Features of the Report

This report offers high-quality insights and is the outcome of 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.

The Hair Loss Supplement Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Customization of the Report:

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