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Beard Oil Market Trends

Report ID: GMI8656
Published Date: Mar 2024
Report Format: PDF

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Beard Oil Market Trends

Consumers are becoming more conscious of the ingredients used in grooming products and are seeking natural and organic formulations. Beard oil manufacturers are responding to this trend by formulating products with natural oils such as jojoba, argan, coconut, and essential oils, which offer moisturizing, conditioning, and nourishing benefits without harsh chemicals or additives.

Beard oil manufacturers are continuously innovating and introducing new formulations, scents, and packaging designs to differentiate their products and appeal to consumers. Innovative formulations may include specialty ingredients, targeted benefits (e.g., beard growth stimulation, anti-aging properties), and unique fragrances to stand out in the market. The market is experiencing growth not only in traditional markets but also in emerging markets across regions such as Asia-Pacific, Latin America, and the Middle East.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of beard oil reached USD 5.7 billion in 2023 and is set to witness 6.2% CAGR between 2024 and 2032, owing to the cultural shift towards embracing facial hair, particularly among younger demographics.

Conventional beard oil segment generated USD 3.7 billion in revenue in 2023 and is poised to be worth USD 9.8 billion by 2032, owing to the rising demand among price-sensitive consumers due to their lower price point and wider availability in mainstream retail channels.

North America market size reached USD 1.6 billion in 2023 and is projected to be worth USD 2.8 billion by 2032, owing to the rising popularity of beards and facial hair as fashion statements across the region.

Some of the top beard oil companies are ArtNaturals, Beardbrand, Bossman Brands, Bulldog Skincare, Honest Amish, Jack Black, Leven Rose, Mountaineer Brand, Old Spice, Rocky Mountain Barber Company, Scotch Porter, SheaMoisture, The American Beard Company, The Bearded Bastard, and Viking Revolution.