The global beard oil market size is expected to reach USD 1.4 billion by 2025 registering a CAGR of 6.1%, according to a new report by Grand View Research, Inc. Various cosmetics and beauty products manufacturers are investing in R&D to introduce advanced products, which is expected to fuel the market growth over the forecast period.
In
addition, fashion experts and celebrity endorsements play a crucial role in
increasing the awareness about these products and influencing consumer buying
patterns, thereby supporting the growth of the market. For instance, in
February 2019, a Namibian model Wellem Kapenda in association with cosmetic
brand Chrisla Essentials, launched new scented oil. This product is suitable
all skin types, offers moisturizing capabilities, and includes various
essential and carrier oils for healthy hair growth.
Chrisla
Essentials is available in company-owned stores and selected pharmacies. In
February 2019, Wahl launched beard care products including oils to treat skin
dryness, itchiness, irritation, and hair loss. These oils are formulated with
proprietary combination of four essential oils, such as manuka, moringa,
meadowfoam seed, and clove. These oils help maintain hydrate and healthy skin
and facial hair.
For Full Research Report On Beard Oil Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/beard-oil-market
Further key
findings from the study suggest:
- Conventional beard oil type
led the global market in 2018 accounting for a revenue share of USD 728.6
million and is projected to retain its leading position throughout the
forecast years
- Online distribution channel
segment is expected to witness the fastest CAGR of 7.5% from 2019 to 2025
due to rising number of internet and smartphone users across the globe
- In addition, rising
popularity of online retail platforms due to their various advantages,
such as cashback offers, discounts on branded products, and doorstep
delivery services, will boost the segment growth
- On the other hand, the
convenience stores segment is estimated to lead the market accounting for
more than 45% of the global revenue by 2025
- Europe was the dominant
regional beard oil market in 2018; however, Asia Pacific is anticipated to
register the fastest CAGR from 2019 to 2025
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/beard-oil-market/request/rs1
Grand View Research has segmented
the global beard oil market on the basis of product, distribution channel, and
region:
Beard
Oil Product Outlook(Revenue, USD Million, 2015 - 2025)
- Organic
- Conventional
Beard
Oil Distribution Channel Outlook(Revenue, USD Million, 2015 - 2025)
- Hypermarkets &
Supermarkets
- Convenience Store
- Online
Beard
Oil Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- Spain
- Turkey
- Asia Pacific
- India
- Central & South America
- Middle East & Africa
(MEA)
- South Africa
- Egypt
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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