Hair Serums Ingredient Market

Hair Serums Ingredient Market Overview (2022 to 2032)

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.

What are the Factors Boosting the Global Hair Serum Market?

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.

What Factors are Impeding Market Growth?

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.

Which Region is projected to lead the Market during the Forecast Period?

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.

What is the Role of APAC in Augmenting the Market Size?

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.

Market Competition

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.

 Scope of Report

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

Key Segments Profiled in the Global Hair Serum Ingredient Market

By Ingredient Type:

• Hair Serum Parabens
• Hair Serum Sealants
• Hair Serum Silicones
• Hair Serum Proteins
• Hair Serum Essential Fats and Oils
• Hair Serum Fragrances
• Hair Serum Alcohol

By Nature:

• Conventional Hair Serum
• Natural Hair Serum

By Sales Channel:

• Direct Hair Serums Ingredient Sales
• Indirect Hair Serums Ingredient Sales
• Specialty Stores
• E-Commerce
• Others

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

Frequently Asked Questions

What is the expected market outlook for hair serums ingredients until 2032?

FMI projects the hair serums ingredients market to expand at a 9% CAGR through 2032

Which region is forecast to be the most lucrative for Hair Serum Ingredients Market growth?

APAC is projected to be the most lucrative market during the forecast period

Which are some prominent Hair Serum Ingredients Market?

Mystic Moments and Naturallythinking Pure Spa Aromatherapy, among others are some of the eminent players in the market.