Global Beard Oil Market growing at a CAGR of 5.1% from 2023 to 2030
Category : Consumer Goods | Published Date : Sep 2023
Key Market Overview
Consegic Business Intelligence analyzes that the beard oil market is predicted to grow at a compound annual growth rate of 5.1% from 2023 to 2030 and is expected to reach USD 1,465.95 million in 2030 which was valued at USD 992.25 million in 2022.
The report highlights the significant growth in the beauty and personal care industry, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the beard oil market.
Global Beard Oil Market By Overview
The beard oil market is bifurcated into source, end user, and distribution channel. Based on source, the market is segmented into organic and conventional. In 2022, the conventional segment dominate in the overall beard oil market. The end user segment is categorized into individual and commercial. In 2022, the commercial segment accounted for the highest market share in the beard oil market. Based on the distribution channel, the market is segmented into online and offline. In 2022, the offline segment dominate in the overall beard oil market.
Get Free SampleMarket Dynamics
Driver:
- Significant growth in the beauty and personal care industry
- Increasing trend of men's beard look
Restraints:
- High risk of side effects of beard oil
Market Segmentation:
| Report Attributes | Report Details |
| By Source | Organic and Conventional |
| By End User | Individual and Commercial |
| By Distribution Channel | Online (Company-Owned Website and E-commerce) and Offline (Hypermarket/Supermarket, Specialty Stores, Departmental Stores, and Others) |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Bombay Shaving Co., Beardo, Ustraa, and Cremo Company LLC which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the beard oil market is expected to witness substantial growth in the coming years due to the increasing focus on the development of new products in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Bombay Shaving Co.
- Beardo
- Ustraa
- Cremo Company, LLC.
- Grizzly Adams
- American Beard Company
- Beardbrand
- Klapp Cosmetics GmbH
- The Gentleman's
- Viking Revolution