Beard Oil Market Size, Share, Global Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Beard Oil Market


The global Beard Oil market size is projected to reach US$ 1486.92 million by 2026, from US$ 1042.31 million in 2020, at a CAGR of 6.1% during 2021-2026. The market growth can be attribute to the rising awareness about these products and increasing target population across the globe. Various cosmetics and beauty products manufacturers are investing in R&D to introduce advanced products, which is expected to fuel the market growth over the forecast period.

In addition, fashion experts and celebrity endorsements play a crucial role in increasing the awareness about these products and influencing consumer buying patterns, thereby supporting the growth of the market. In February 2019, a Namibian model Wellem Kapenda in association with cosmetic brand Chrisla Essentials, launched new scented oil.

This product is suitable all skin types, offers moisturizing capabilities, and includes various essential and carrier oils for healthy hair growth. Chrisla Essentials has been made available through company-owned stores and selected pharmacies. In February 2019, Wahl launched beard care products including oils to treat skin dryness, itchiness, irritation, and hair loss.

These oils are formulated with proprietary combination of four essential oils, such as manuka, moringa, meadowfoam seed, and clove. These oils help maintain hydrate and healthy skin and facial hair. Europe was the dominant regional market in 2018; however, Asia Pacific is anticipated to register the fastest CAGR from 2019 to 2025.

Market Segmentation, Outlook & Viewpoint: Global Beard Oil Market

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Organic
  
Conventional

Distribution Channel Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Hypermarkets & Supermarkets
  
Convenience Store
  
Online

Key Players, Recent Developments & Regional Insights: Global Beard Oil Market

Conventional product segment led the global beard oil market in 2018. The manufactures of conventional beard oils have created a strong supply chain with offline stores, which benefits them in creating an in-depth penetration. These products are cheaper than their organic counterparts. The organic products segment is expected to witness the fastest CAGR of 6.8% from 2019 to 2025.

Organic products include natural essential oils, such as jojoba, argon, grape seed, almond, castor, eucalyptus, tea tree, pine wood, fir needle, cedarwood, and sandalwood, which have minimal adverse effects. These ingredients have exceptional benefits. For instance, eucalyptus has antibacterial, antifungal, antiviral and anti-inflammatory properties. Tea tree oil moisturizes the skin and helps keep the hair shiny and smooth.

Distribution Channel Insights

Convenience stores was the largest distribution channel segment in 2018 and is projected to expand further at a steady CAGR from 2019 to 2025. Availability of a wide range of products and personal assistance offered by these stores are the key factor driving the segment growth.

The online distribution channel segment is expected to witness the fastest growth over the forecast years. Rising popularity of online shopping portals and number of internet and smartphone users are the major factors boosting the segment growth. Moreover, online retail platforms have cashback offers, discounts on branded products, and offer doorstep delivery services, which will drive the segment further.

Regional Insights

Europe was the largest market in 2018 and accounted for more than 40% of the global revenue share. The market in the region is being augmented by championships for beard and moustache hosted in Europe. Some of these are ˜World Beard and Mustache Championship and ˜Braw Beard and Moustache Championships.
Asia Pacific is expected to be the fastest-growing market at a CAGR of 7.0% from 2019 to 2025 on account of rising awareness about these products. In addition, celebrity endorsements play a crucial role in increasing the awareness about these products and influencing consumer buying patterns, thereby supporting the growth of the regional market.

Beard Oil Market Share Insights

Some of the key companies in the market include BOSSMANBRANDS, Brickell mens Product, Leven Rose, Mountaineer Brand, The American Beard Company, Prophet and Tools, The Gentlemans, Viking Revolution, Honest Amish, ArtNaturals. These companies invest more in R&D for the development of advanced products. For instance, Bombay Shaving Company, which began as a manufacturer of razors and shaving blades has expanded its product portfolio to include products for facial hair grooming, such as Beard Growth Oil, a combination of coconut, vetiver, sesame seed, jojoba seed, brahmi, and amla oils.

Key Insights Covered: Global Beard Oil Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Beard Oil industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Beard Oil industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Beard Oil industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Beard Oil industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Beard Oil industry.

Research Methodology: Global Beard Oil Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other