The scope of our recent study, titled "Hair Loss Prevention Products Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type (Shampoos and Conditioners, Oils, Serums, and Others), Category (Natural and Organic, and Conventional), End User (Men, Women, and Unisex), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)," includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments, along with the analysis of market share.

The hair loss prevention products market was valued at US$ 23,599.87 million in 2021 and is projected to reach US$ 31,524.52 million by 2028. It is expected to grow at a CAGR of 4.2% from 2021 to 2028.

The majority of people are dealing with various health related conditions, such as hormone imbalance, major diseases, and ageing. These conditions can cause hair loss. The people's desire is growing for the treatment of androgenetic alopecia, a hair issue that causes baldness in men, women, and children. All these factors are boosting the demand for hair loss prevention products.

Based on distribution channel, the hair loss prevention products market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held a significant share in the market in 2020. However, the online retail segment is projected to register the highest CAGR during the forecast period. Furthermore, by using online shopping platforms, consumers can buy desirable products remotely as per convenience. During the COVID-19 pandemic, online retail channels gained popularity as they offered home delivery services. These factors are expected to boost the market growth for the online retail segment during the forecast period.

Based on geography, the hair loss prevention products market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). The market in Asia Pacific is expected to grow at the fastest rate during the forecast period. As per the China Association of Health Promotion, ~250 million population in China in the age group from 20 to 40 suffer from hair loss. Due to the high amount of hair loss issues, the hair loss prevention product varieties are in demand in Asia.

Impact of COVID-19 Pandemic on Hair Loss Prevention Products Market

The COVID-19 pandemic caused a significant economic loss worldwide in 2020. Governments of various regions announced country-wide lockdowns to restrict the spread of SARS-CoV-2, which negatively impacted the growth of different industries, including cosmetics, food & beverages, chemicals & material, and consumer goods, in the region. On the other hand, the pandemic triggered anxiety levels among consumers and led to changes in consumer preference, thereby driving the inclination toward better wellness and healthcare products. Due to elevated depression and anxiety levels, people faced severe hair fall issues, which drove consumers' attention toward vitamins, minerals, and supplements to overcome these issues. All these factors boosted the demand for hair loss prevention products.

The report segments the Hair Loss Prevention Products market as follows:

Based on product type, the hair loss prevention products market is segmented into shampoos and conditioners, oils, serums, and others. Based on category, the market is segmented into natural &organic and conventional. Based on end user, the hair loss prevention products market is segmented into men, women, and unisex. In terms of distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. Based on geography, the hair loss prevention products market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM).

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