The global haircare supplement market size surpassed USD 1,332 million in 2024 and is predicted to reach around USD 2,108 million by 2034, growing at a CAGR of 4.7% from 2024 to 2034.
The haircare supplement market refers to the production, distribution, and use of these supplements which claim to provide essential nutrients for hair growth, shine, strength, and thickness. They can contain ingredients like omega-3 fatty acids, folic acid, collagen, biotin, vitamins A, B, C, and E, and minerals like selenium, iron, and zinc. These supplements help to improve hair health by increasing keratin production, reducing hair thinning, improving hair density, and strengthening hair follicles. There is a high demand for these supplements in online, hospital pharmacies, and drug stores which driving the growth of the haircare supplement market.
However, the risk factors of the market include a lack of awareness about the benefits of these supplements, supply chain disruptions, lack of skilled professionals, high competition, and high initial investment that can be barriers to the growth of the market. The future scope of the market includes innovation in technologies, increasing investment in research and development, investment in infrastructure development, and reducing costs that will help the growth of the haircare supplement market. North America dominates the growth of the market.
Published by
Vidyesh Swar