The global hair serums ingredient market is expected to garner a market value of USD 1,171.36 Million in 2022, while recording a CAGR of 9% during the 2022 to 2032 forecast period. By 2032, sales of hair serums ingredients are expected to reach USD 2,772.96 Million.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 1,081.34 Million |
| Expected Market Value (2022) | USD 1,171.36 Million |
| Anticipated Forecast Value (2032) | USD 2,772.96 Million |
| Projected Growth Rate (2022 to 2032) | 9% CAGR |
Hair serums are the hair nourishing liquid that is popular amongst women, mostly. However, with the increasing penetration of the internet and the growing influence of social media among the expanding population, it has garnered significant traction amongst men as well. It is used as a treatment that is usually formulated using silicones providing protection over the hair fiber.
The smooth layer of protection provided by the serum gives a shiner texture to the hair. With the increasing advertisements in media and beauty salons, hair serums have gained significant popularity in the global market. Moreover, the growing endorsements by celebrities and social media influencers are projected to further augment the demand for hair serums, thereby growing the demand for their ingredients.
The players of the market focus on the production of organic hair serum ingredients since it is likely to offer numerous opportunities in the forecast period. With the expansion of the cosmetic industry across the globe, new product launches are expected during the forecast period, growing the industry. Moreover, with the advent of advanced technologies, the product is likely to be more affordable and is expected to penetrate various untapped regions, thereby, benefitting the market in the coming time.
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
The increasing disposable income, changing hairstyle trends, population growth, and the increasing roughness of hair due to growing air pollution have contributed significantly to the market expansion during the forecast period. Further, the growing usage of professional haircare products in developed regions and the increasing demand for organic hair serum are predicted to augment the industry in the forecast period.
The growing concern regarding hair fall and the desire to have healthy hair is likely to further enhance the demand for hair serum ingredients during the forecast period. Furthermore, the production of paraben-free hair serums and the increasing R&D on the innovation of the product are likely to offer a significant boost to the market in the coming time. Moreover, the increasing number of male consumers is also projected to bolster the industry.
Lack of awareness among poor regions is expected to be a significant cause hampering the marker during the forecast period. Further, the presence of harmful ingredients in some hair serums can damage hair, thereby, reducing the market size.
Despite the robust popularity of the product, affordability remains another challenge for the market, which hampers the market size. Moreover, difficulty in approval of the product can further limit the market expansion in the coming time.
As per the analysis, Europe is anticipated to lead the market during the forecast period. The growth of the regional market can be attributed to the high disposable income and a large consumer base. Further, the high disposable income is expected to further grow the market in the coming time. Moreover, the region has an established fashion industry, which is a significant consumer of such personal care products, thereby, supporting the market growth in the forecast period.
Countries such as the UK is likely to make a notable contribution in developing the market during the forecast period. The contribution of the country can be attributed to the rising awareness, increased investment of players and the growing R&D to innovate products. In addition, rising demand for styling products, the manufacturers are making significant investments to offer products that are up to the expectations of the consumers, thereby, benefitting the industry.
The APAC market has been identified as the most lucrative region for the market. The region has considerable potential to expand the market owing to the presence of developing nations such as India, China, Japan, and Korea. South Korea is the hub for cosmetics and is a provider of various innovative products that could boost the market in the forecast period. Moreover, the increasing disposable income and the growing awareness among the population are other salient causes expanding the regional market.
Countries like India, China, and South Korea are the epicenter of the fertility of the market. The increasing population, penetration of e-commerce, growing awareness about organic products are projected to boost the industry. Moreover, the advent of numerous beauty startups in India is likely to offer significant opportunities to the manufacturers.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
Some eminent players of the market include Mystic Moments, Naturallythinking Pure Spa Aromatherapy, Essential Wholesale & Labs, Parchem fine & Specialty Chemicals, Ingredients To Die For a Aroma Alternatives Ltd. Co., Pharmacos, Composition Materials Co., Inc., N-ESSENTIALS, Fa. Rosarome, Glamour Cosmetics, alexmo cosmetics, Gracefruit Limited, VOYAGEUR SOAP & CO., and Les Âmes Fleurs Inc. among others.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 9% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Ingredient Type, Sales Channel, Nature, Region |
| Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Chile, Peru, Germany, UK, France, Spain, Italy, Nordics, BENELUX, India, Thailand, Indonesia, Malaysia, China, Japan, South Korea, Australia & New Zealand, GCC, South Africa, Turkey, Iran, Israel |
| Key Companies Profiled | Mystic Moments; Naturallythinking Pure Spa Aromatherapy; Essential Wholesale & Labs; Parchem fine & Specialty Chemicals; Ingredients To Die For; Aroma Alternatives Co. Ltd.; Pharmacos; Composition Materials Co., Inc.; N-ESSENTIALS;Fa. Rosarome; Glamour Cosmetics; Alexmo Cosmetics; Gracefruit Limited; VOYAGEUR SOAP & CO.; Les Âmes Fleurs Inc. |
| Customization | Available Upon Request |
FMI projects the hair serums ingredients market to expand at a 9% CAGR through 2032
APAC is projected to be the most lucrative market during the forecast period
Mystic Moments and Naturallythinking Pure Spa Aromatherapy, among others are some of the eminent players in the market.
| Market Size (2024) | USD 2,035.40 million |
|---|---|
| Anticipated Market Value (2034) | USD 3,589.70 million |
| Value-based CAGR (2024 to 2034) | 5.80% |
| Market Value, 2023 | USD 2,721.8 million |
|---|---|
| Projected Market Value, 2033 | USD 5,000.2 million |
| Value-based CAGR, 2023 to 2033 | 6.3% |
| Estimated Market Size 2023 | USD 7.14 billion |
|---|---|
| Projected Market Size 2033 | USD 10 billion |
| CAGR from 2023 to 2033 | 3.4% |
Explore Apparel & Fashion Insights
View Reports
Hair Serums Ingredient Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
