The Growing Hair & Beauty Market
Hair and beauty products, including supplements, have been increasing in popularity for many years. As more and more consumers are concerned about looking their best while also fighting the signs of aging, they’re trying to do so from the inside out as well as the outside in.According to Grandview Research, “The global women health and beauty supplements market size was valued at USD 49.8 billion in 2019 and is projected to expand at a compound annual growth rate (CAGR) of 4.75% from 2020 to 2026. Rising incidences of hormonal imbalances as a consequence of poor dietary habits, increasing stress levels, and alcohol consumption is driving the market growth… Moreover, rising geriatric population, mental health issues, and increasing prevalence of chronic diseases like cancer and cardiovascular diseases will boost growth.”Some of the most popular hair and beauty products include hair, skin and nail supplements, hair oil and anti-aging skin care products. Men aren’t immune to beauty trends and beard balm and beard oil remain popular products.