The global hair oils market size was USD 4.31 Billion in 2021 and is expected to register a revenue CAGR of 3.8% during the forecast period, according to the latest analysis by Emergen Research. Market revenue growth is primarily driven by factors such as rising investments by major companies in R&D activities and launch of new and innovative products by startups. Hair oils are enriched with essential oils, such as tea tree, lavender, coconut, and other herbs, which help in circulation of blood to scalp and prevent hair problems. Hair oils helps with itchiness, dryness, provides nourishment and required nutrition to scalp, which results in softer, glossier, and healthier strands.. For example, ten Moroccan engineering students created acne-prone skin-friendly biodegradable cosmetics called ArgaCare from recycled argan waste. This line of products include hair oils and scrubs, among others. In addition, increased customer knowledge about ingredients used in their skin and hair care regimes and demand for light and non-greasy hair oils are driving revenue growth in the market. For example, jojoba oil is a lightweight oil that is chemically and structurally similar to human sebum and is majorly found in the southern U.S. and northern Mexico. It also has vitamin E and oleic fatty acids and has antibacterial and antioxidant properties.
However, rising demand for hassle-free, non-greasy, and new-age products in advanced and innovative formats is hampering revenue growth of the market. Furthermore, the fact that few manufacturers use mineral oil in their products, which degrades quality of hair, making it rougher and unmanageable, is also expected to restrain revenue growth of the market.
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The major companies Covered in the report are:
L’Oreal, Unilever, Dabur.com, Procter & Gamble, CavinKare Group, Coty Inc., Marico, Johnson & Johnson Services, Inc., Sephora USA, Inc., and Natural Supply Co.
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Emergen Research has segmented the global hair oils market based on product type, oil type, distribution channel, application, and region:
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