Hair Growth Supplement and Treatment Market 2025-2033 Trends and Competitor Dynamics: Unlocking Growth Opportunities

Key Insights

The size of the Hair Growth Supplement and Treatment Market was valued at USD 7.8 Billion in 2024 and is projected to reach USD 11.81 Billion by 2033, with an expected CAGR of 6.1% during the forecast period. The Hair Growth Supplement and Treatment Market centers on items and therapies aimed at promoting hair growth and inhibiting hair loss. This market encompasses oral supplements, topical remedies, shampoos, conditioners, and advanced therapies such as laser treatments and PRP (Platelet-Rich Plasma) therapy. The main factors propelling this market include the heightened awareness of hair loss in both genders, the growing need for non-invasive treatments, and the escalating aesthetic worries associated with thinning hair and baldness. Furthermore, progress in scientific studies has resulted in the creation of more potent ingredients and formulas, such as vitamins, minerals, and herbal extracts that promote hair health. The rise in demand for personalized and organic hair growth treatments, along with the increasing availability of dermatologists and clinics providing specialized services, is additionally driving market expansion. With consumers placing greater importance on their appearance and health, the Hair Growth Supplement and Treatment Market is projected to grow quickly, providing a variety of choices for those looking to enhance hair thickness and regain their self-assurance.

Hair Growth Supplement and Treatment Market Concentration & Characteristics

Concentration areas:

• North America
• Europe

Characteristics of innovation:

• Increasing focus on research and development
• Launch of new products with improved efficacy and safety
• Growing adoption of minimally invasive procedures

Impact of regulations:

• Stringent regulations related to the use of hair growth treatments
• Government initiatives promoting hair loss prevention and treatment

Product substitutes:

• Over-the-counter hair growth products
• Surgical hair restoration procedures

End user concentration:

• Individuals with hair loss concerns
• Dermatologists and trichologists
• Hair salons and clinics

Level of M&A:

• High level of M&A activity in the market
• Strategic acquisitions to expand product portfolios and geographical reach

Hair Growth Supplement and Treatment Market Trends

Emerging trends:

• Increasing popularity of natural and herbal hair growth supplements
• Growing use of laser therapy and other non-surgical hair restoration treatments
• Adoption of telemedicine for hair loss consultations and treatments

Key market insights:

• The supplements segment is the largest and fastest-growing segment in the market.
• The male segment is expected to witness significant growth over the forecast period.
• The e-commerce channel is gaining traction due to its convenience and wide reach.

Key Region or Country & Segment to Dominate the Market

Key Region:

• North America: The United States is the dominant market for hair growth supplements and treatments due to high prevalence of hair loss and increasing awareness about cosmetic procedures.

Key Segment:

• Supplements: The supplements segment is estimated to hold the largest market share and is expected to maintain its dominance throughout the forecast period.

Hair Growth Supplement and Treatment Market Product Insights Report Coverage & Deliverables

• Market size and growth analysis
• Market segmentation by type, gender, distribution channel, and region
• Competitive landscape analysis
• Key player profiles
• Market forecasts and insights

Hair Growth Supplement and Treatment Market Analysis

Market size and growth rate:

• In 2023, the market is estimated to be valued at $7.8 Billion.
• The market is projected to reach $12.2 Billion by 2028, growing at a CAGR of 6.1%.

Hair Growth Supplement and Treatment Market Regional Insights

North America:

• The United States is the largest market in North America.
• The region is expected to continue to dominate the market over the forecast period.

Asia Pacific:

• China and India are the major markets in Asia Pacific.
• The region is expected to witness significant growth due to increasing prevalence of hair loss and growing demand for cosmetic procedures.

Europe:

• Germany and the United Kingdom are the major markets in Europe.
• The region is expected to experience steady growth over the forecast period.

Latin America:

• Brazil and Mexico are the major markets in Latin America.
• The region is expected to witness moderate growth over the forecast period.

Middle East and Africa:

• The Middle East and Africa region is expected to experience the fastest growth over the forecast period.

Driving Forces: What's Propelling the Hair Growth Supplement and Treatment Market

• Increasing prevalence of hair loss
• Growing awareness about hair loss prevention and treatment
• Rising demand for cosmetic procedures
• Technological advancements in hair transplant and other hair restoration techniques
• Increasing disposable income and changing lifestyles

Challenges and Restraints in Hair Growth Supplement and Treatment Market

• Side effects associated with hair growth treatments
• Limited effectiveness of some hair loss treatments
• Long-term cost of hair loss treatments
• Difficulty in diagnosing the cause of hair loss
• Cultural and societal stigma surrounding hair loss

Emerging Trends in Hair Growth Supplement and Treatment Market

• Artificial intelligence (AI) for hair loss diagnosis and treatment
• Nanotechnologies for improved drug delivery to the scalp
• Regenerative medicine for hair follicle regeneration
• Personalized hair loss treatments based on genetic and lifestyle factors

Hair Growth Supplement and Treatment Industry News

In June 2023: Pfizer Inc. announced the FDA approval of LITFULO for severe alopecia areata.

In June 2022: Eli Lilly, and Company and Incyte announced the FDA approval of OLUMIANT as the first systemic treatment for severe alopecia areata.

Leading Players in the Hair Growth Supplement and Treatment Market

• Amway Corporation
• GNC Holdings, Inc.
• HUM Nutrition
• Nature's Bounty
• Nutraceutical Wellness, Inc.
• OUAI Healthcare
• Phyto
• Viviscal Limited (Church & Dwight Co., Inc.)
• Cipla Limited
• Curallux, LLC
• Eli Lilly, and Company
• ExoCoBio, Inc
• Keranique
• Lexington International
• Merck & Co., Inc.
• Pfizer, Inc.
• Rogaine (Johnson & Johnson)

Hair Growth Supplement and Treatment Market Segmentation

• 1. Type
  • 1.1. Supplements
    • 1.1.1. Powder
    • 1.1.2. Gummies
    • 1.1.3. Tablets
    • 1.1.4. Capsules
    • 1.1.5. Liquid
    • 1.1.6. Other dosage forms
  • 1.2. Pharmaceuticals
    • 1.2.1. Oral
    • 1.2.2. Topical & injectables
    • 1.2.3. Devices
• 2. Gender
  • 2.1. Male
  • 2.2. Female
• 3. Distribution Channel
  • 3.1. Hospital pharmacies
  • 3.2. E-commerce
  • 3.3. Retail pharmacies
  • 3.4. Other distribution channels

Hair Growth Supplement and Treatment Market Segmentation By Geography

• 1. North America
  • 1.1. U.S.
  • 1.2. Canada
• 2. Europe
  • 2.1. Germany
  • 2.2. UK
  • 2.3. France
  • 2.4. Italy
  • 2.5. Spain
  • 2.6. The Netherlands
  • 2.7. Rest of Europe
• 3. Asia Pacific
  • 3.1. Japan
  • 3.2. China
  • 3.3. India
  • 3.4. Australia
  • 3.5. South Korea
  • 3.6. Rest of Asia Pacific
• 4. Latin America
  • 4.1. Brazil
  • 4.2. Mexico
  • 4.3. Rest of Latin America
• 5. Middle East and Africa
  • 5.1. South Africa
  • 5.2. Saudia Arabia
  • 5.3. UAE
  • 5.4. Rest of Middle East and Africa