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Global Hair Supplements Industry To Reach $5.3 Billion by 2032

The expanding global hair supplements industry is being fueled by a growing consciousness among consumers regarding the significance of hair maintenance.

Global Hair Supplements Industry To Reach $5.3 Billion by 2032

The global hair supplements industry is expected to grow to $5.3 billion by 2032 per a new report from Adroit Market Research.

According to the firm, the hair supplements market was estimated to be worth $2.1 billion in 2022. The market for hair supplements is expected to expand at a compound annual growth rate (CAGR) of 17.22% between 2023 and 2032, from $2.4 billion in 2023 to $5.3 billion in 2032.

The expanding global hair supplements industry is being fueled by a growing consciousness among consumers regarding the significance of hair maintenance and a desire for stronger hair. Hair supplements comprise vital vitamins, minerals and nutrients that foster hair growth, fortitude and general hair well-being. The market’s importance can be seen in the surging demand for these supplements as more individuals search for effective remedies to combat issues like hair loss, thinning, and hair damage.

Various types of hair supplement products, including pills, gummies, and powders, are available in the market to cater to a wide array of consumer preferences. Consequently, the global hair supplements market displays a bright future with abundant prospects for advancement and evolution within the hair care sector, analysts say.

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