Global Beard Oil Market to Reach USD 1,465.95 Million by 2030 | CAGR of 5.1%
Category : Consumer Goods | Published Date : Nov 2024 | Type : Press Release
Beard Oil Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Beard Oil Market size was valued at USD 992.25 Million in 2022 and is projected to reach USD 1,465.95 Million by 2030, growing at a CAGR of 5.1% from 2023 to 2030. Beard oil is a grooming product made from a blend of carrier and essential oils designed to nourish facial hair and the underlying skin. It helps reduce common beard issues such as dandruff, dryness, and irritation while enhancing beard growth and maintaining beard health. The growing popularity of beard grooming among millennials and the rising male focus on personal care and grooming drive market growth.
The report comprises the Beard Oil Market Share, Size & Industry Analysis, By Source (Organic, Conventional), By End User (Individual, Commercial), By Distribution Channel (Online [Company-Owned Website, E-commerce], Offline [Hypermarket/Supermarket, Specialty Stores, Departmental Stores, Others]), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Beard Oil Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The rising trend of beard grooming and increasing popularity of organic and natural products are key drivers of market growth, while potential side effects of synthetic beard oils act as restraints.
Segmental Analysis :
By source, the market is divided into organic and conventional beard oils.
- Conventional beard oils held the largest market share of 55.8% in 2022, driven by their wide availability, affordable pricing, and established presence in the market.
- Organic beard oils are expected to grow at the fastest rate during the forecast period due to growing consumer awareness regarding the benefits of natural ingredients and fewer side effects compared to synthetic oils.
By end-user, the market is segmented into individual and commercial users.
- Commercial end-users, such as barbershops and grooming salons, dominated the market in 2022, driven by bulk purchases and increasing adoption of professional grooming products.
- Individual users are expected to register strong growth due to the increasing focus on at-home grooming routines and self-care trends.
By distribution channel, the market is segmented into online and offline channels.
- Offline channels held the largest market share in 2022, driven by the preference for physical stores like supermarkets, specialty stores, and departmental stores, where consumers can physically assess products.
- Online channels are expected to grow at the fastest rate, fueled by the rapid growth of e-commerce platforms and the convenience of home delivery options.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
- North America accounted for the largest revenue share at 35.75% in 2022, driven by high consumer demand for beard grooming products and the influence of male grooming trends in the region.
- Asia-Pacific is expected to register the fastest growth at a CAGR of 5.6% during the forecast period, driven by rising disposable incomes and increasing awareness of personal grooming among men in countries like China and India.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 1,465.95 Million |
| CAGR (2023-2030) | 5.1% |
| By Source | Organic, Conventional |
| By End User | Individual, Commercial |
| By Distribution Channel | Online (Company-Owned Website, E-commerce), Offline (Hypermarket/Supermarket, Specialty Stores, Departmental Stores, Others) |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The beard oil market is competitive, with companies focused on expanding product lines and adopting sustainable ingredients to cater to eco-conscious consumers.
List of prominent players in the Beard Oil Industry:
- Bombay Shaving Co.
- Beardo
- Ustraa
- Cremo Company, LLC.
- Grizzly Adams
- American Beard Company
- Beardbrand
- Klapp Cosmetics GmbH
- The Gentleman's
- Viking Revolution
Recent Industry Developments :
- In October 2022, Reuzel launched the "Clean & Fresh Beard Serum" with natural ingredients aimed at reducing irritation and dryness.
- In June 2022, Marico acquired a 55% stake in Beardo, expanding its reach in the men's grooming industry with a focus on beard oils and other grooming products.
