The global beard oil market size is anticipated to reach US$ 1,475 Mn in 2029, at a 5.6 % CAGR. Europe is expected to dominate market.
Active corporate marketing and growing independent brands. The study offers a comprehensive analysis of the market, highlighting its major growth drivers, inhibitors, opportunities, and current trends. It draws on first-hand research.
It includes in-depth insights into the Beard Oil market. Some of these are:
- Europe is expected to dominate the global beard oil market due to high concentration of beauty & skincare manufacturers in the region.
- The East Asia region is expected to grow at highest CAGR during the forecast
- High demand for organic products is considered as key attributor to the global beard oil market growth.
- FMI identified online retail as the most lucrative sales channel in the beard oil market throughout the forecast period.
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Preferential Shift towards Natural & Organic Products to Surge Market Growth
The market for beard oil is anticipated to expand due to rising consumer demand for personal care products, aggressive corporate marketing, and emerging independent brands. To capitalise on the growing consumer preference for natural and organic skincare products, manufacturers are concentrating on creating innovative products.
Additionally, manufacturers are paying more attention to the packaging and product ingredients. The beard oil market is anticipated to be hampered by rising awareness of the negative effects of beard oil, such as skin reactions, itching, and burns. Following that, rising consumer awareness and the availability of products online drive the beard oil market for increased sales across the globe.
Who is Winning?
Some of the leading players operating in the Beard Oil market are Brickell men’s Product, Leven Rose, Mountaineer Brand, The American Beard Company, Prophet and Tools, The Gentleman’s, Viking Revolution, Honest Amish, ArtNaturals, Macho Bread Company, Dapper Ganger, Rosdon Group Ltd, Evolution GMBH, Fullight Tech, Alpha Vikings, Klapp Cosmetics GMBH, Vetyon, Rapid Beard, Texas Beard Company, Hongkong Guan Wei International etc. As a result of increasing competition, companies are focusing on expanding their product portfolio with new innovation. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.
In April 2019, a US based company BUSCH had introduced beard oil infused with the rugged essence of BUSCH.
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Market Segmentation
The global beard oil market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
By Product Type
- Organic
- Conventional
By Price Range
- Low
- Mid-range
- Premium Range
By Packaging
- Bottled
- Jar
- Other
By Sales Channel
- Wholesaler/ Distributor
- Hypermarket/ Supermarket
- Specialty Stores
- Exclusive Stores
- Online Stores
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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