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Beard Oil Market Segmentation By Product Type (Organic & Standard); By Packaging (Bottles, Paper Tube Box and Jars); By Distribution Channel (Online & Offline) & By Application (Beauty Salons & Home Care) - Global Demand Analysis & Opportunity Outlook 2020-2027

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Extensive insights into the Growth of Beard Oil Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS
  • Wahl Clipper Corporation, an American grooming company that had celebrated its 100th anniversary earlier during the year launched beard care products for its customers that included beard oil which is used for treating dryness in skin, itching and hair loss. “W-Blend” as it is popularly called contains four different combinations of essential oils namely Manuka oil, Meadowfoam Seed oil, Moringa oil and Clove oil in each product and works to keep skin and hair healthy.

Introductory Overview

Beard oil is a cosmetic product that is used for grooming and softening the beard hair by acting as a source of nourishment for the skin under the beard. The purpose of usage of beard oil is to make the scruffy beard look smooth and shining, as many times beard may attract dirt and bacteria of various kinds. Beard oil contain various ingredients such as carrier and essential oils. Some of the carrier oils used are jojoba, argan, grape seed, almond, coconut oil and others. Similarly, essential oils such as eucalyptus, pinewood, fir needle, sandal wood and others are used in beard oil. These help to ease to a great extent, the problems of itching or dry skin in individuals, as it acts as a moisturizer for the skin and helps in maintaining healthy beards among individuals. By using beard oil, the skin is able to get hydrated easily. Additionally, applying beard oil on the facial hair after showering by an individual may also help the pores on the surface of the skin that are open, to be able to absorb the oil. Some of the beard oils also contain vitamins and other nutrients which includes vitamin E. Beard oils in many cases contain both natural as well as synthetic scents which helps to enhance its properties and aroma. 

Market Size and Forecast

The growth of the global beard oil market is driven by various factors such as rising consumption of facial products by millennial consumers across the world and an increasing number of individuals who are showing interest towards growing beard that is considered fashionable in order to keep up to date with the trends. The cosmetic manufacturers have been investing in research and development to introduce various products that are advanced and innovative. Additionally, the number of advertisements that are being endorsed by celebrities have raised the awareness about beard oils in the market among the consumers globally.  

The global beard oil market is estimated to register a significant CAGR over the forecast period i.e. (2020-2027). Further, the growing beauty device market that was worth USD 20.1 billion in the year 2015 is anticipated to contribute to the growth of the beard oil market over the forecast period. The market is segmented by product type, packaging type, distribution channel and by application, out of which online segment forming part of distribution channel is estimated to grow significantly, on account of growing number of consumers shifting to online purchases, by which the products can be ordered at the convenience of one’s home through the internet by transacting digitally and the product getting delivered at the doorstep of the consumer. According to UNCTAD, global E-commerce sales had risen by thirteen (13) percent and had reached a value of USD 29 trillion in 2017.  CLICK TO DOWNLOAD SAMPLE REPORT 

Beard-Oil-Market

Growth Drivers

Increased Spending on Grooming Products by Consumers and Rising Acceptance of Individuals with Beard Globally

The number of millennials who are spending on their looks and personality has been increasing over the past two decades, with individuals across the globe attaching importance towards their appearances and personality by spending more on beauty products. The individuals with beard are being accepted at important places of business and work. According to the Global Wellness Institute, the spa industry was one of the high revenues generating leaders with a revenue growth of 9.8 percent between 2015 and 2017. The beauty and wellness industry has grown steadily across several regions, with several scientific techniques and modern beauty concepts being applied in the production as well as selling grooming products.

Rising Standard of Living and Improved Economic Conditions Across Several Nations of the World

The standard of living had been on the rise in several nations over the past two decades, with participation by various countries from different regions of the world in economic growth and the improved standard of living observed across the world as compared to their earlier periods. The growing number of skilled and tech-savvy workers in several nations, including in developing nations such as China and India with high disposable incomes have raised the demand for beauty products which is also anticipated to aid the growth of the beard oil market over the forecast period.

Restraints

Availability of Low-Quality Products in the Market

Beard oil may sometimes not be packed with the correct ingredients or may have been exposed to faults during the process of manufacture that may lead to low quality beard oil being sold in the market. Moreover, some of the products that contain essential oils in the beard could be exposed to light or air even before they were added to beard oil, which could cause some allergic reactions for users. These factors could limit the demand for beard oil among the consumers and thereby are anticipated to restrain the growth of the market over the forecast period.

Market Segmentation

Our-in depth analysis of the global beard oil market includes the following segments:

By Product Type

  • Organic
  • Standard

By Packaging

  • Bottles
  • Paper Tube Box
  • Jars

By Distribution Channel

  • Online
  • Offline

By Application

  • Beauty Salon
  • Home Care

By Region

On the basis of regional analysis, the global beard oil market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is anticipated to hold the largest market share, owing to growing number of individuals sporting beard and increasing number of individuals with high disposable incomes. The market in Asia Pacific region is predicted to witness rapid growth, with emerging economies such as China and India having witnessed steady growth over the past decade. With a growing population that is skilled and tech-savvy earning high disposable incomes, the attraction towards various male grooming products has focussed the attention of various market players towards investment in grooming products in the region. Moreover, rapid urbanization and presence of a huge urban middle-class population in the region is anticipated to drive the growth of the market over the forecast period.

The global beard oil market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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