Beard Oil Market – An oil which helps in grooming of facial hair
- Beard oil is used to nourish the beard and the skin underneath it. Beard oil helps maintain a shiny, soft, and smooth beard. Various artificial and natural products are utilized to lend a scent to the oil.
- Beard oil can be used as a substitute for aftershave or cologne. Some of the popular beard oil ingredients include argan oil, jojoba oil, grape seed, castor oil, almond oil, vitamin E, and eucalyptus.
- Economic condition of developing countries is improving due to rapid industrialization and urbanization. This is anticipated to fuel the demand for Beard Oil during the forecast period.
Increasing consumers spending on facial products to Drive the Global Beard Oil Market
- Increase in spending on facial products by consumers, in order to improve their personality, is estimated to boost the market. It has been observed that a large number of millennial and generation X men are spending on beard oil products. The trend of growing a thick beard is being witnessed across the globe. Moreover, endorsement by celebrities and fashion experts is driving consumers to spend on beard oils. Companies are hiring celebrities to promote their products. For instance, in February 2019, cosmetic brand Chrisla Essentials launched their new scented oil that was endorsed by Namibia-based morel Wellem Kapenda.
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North America to Hold a Leading Share of Global Beard Oil Market
- Geographically, the global Beard Oil market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the Beard Oil market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the Beard Oil market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America Beard Oil market is segmented into Brazil, and Rest of South America.
- North America dominates the market share due to growing consumer preference for beard growth which has increased global sales of Beard Oil.
- However, Asia Pacific is anticipated to grow at a fastest CAGR growth rate during the forecast period. Change in lifestyle and expenditure patterns of consumers has increased the demand for beard grooming products. Like women, men are also spending on self-grooming and becoming more conscious and indulgent about self-care.
Key Players Operating in the Beard Oil Market:
Considering that the market offers significant opportunity, these companies are focused on expansion of their product portfolios in order to consolidate their share in the market. For instance, India-based manufacturer Bombay Shaving Company started its business with shaving blades and razors sales.
Subsequently, the company expanded its product range to include facial hair grooming products such as beard growth oil, a combination of vetiver, coconut, jojoba seed, sesame seed, and amla and brahmi oils.
Companies are expanding their business across different region to cater to the demand of consumers. A few of the key players operating in the global Beard Oil market are:
- Leven Rose
- MOUNTAINEER BRAND PRODUCTS
- Brickell men’s Product
- Prophet and Tools
- The American Beard Company
- The Gentleman’s
- Honest Amish
- Viking Revolution
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Global Beard Oil Market: Research Scope
Global Beard Oil Market, by Product Type
Global Beard Oil Market, by Packaging Type
- Jars Packaging
- Tubes Packaging
Global Beard Oil Market, by Distribution Channel
- Specialty Stores
- Retail Stores
The report on the global Beard Oil market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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