The global hair supplements industry is poised for significant growth, projected to reach $5.3 billion by 2032, according to a recent report from Adroit Market Research.
In 2022, the market for hair supplements was valued at $2.1 billion. Over the forecast period from 2023 to 2032, the industry is expected to expand at a compound annual growth rate (CAGR) of 17.22%, reaching $5.3 billion by the end of the period.
This growth is driven by increasing consumer awareness of the importance of hair maintenance and the desire for healthier, stronger hair. Hair supplements, which contain essential vitamins, minerals, and nutrients to promote hair growth and overall hair health, are in high demand as people seek effective solutions to issues such as hair loss, thinning, and damage.
The market offers a variety of hair supplement products, including pills, gummies, and powders, catering to diverse consumer preferences. Analysts predict a bright future for the global hair supplements market, with ample opportunities for growth and innovation within the hair care sector.
