Australia Hair Growth Supplement And Treatment Market Size & Outlook
Australia hair growth supplement and treatment market, 2018-2030 (US$M)
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Australia hair growth supplement and treatment market highlights
- The Australia hair growth supplement and treatment market generated a revenue of USD 296.3 million in 2023 and is expected to reach USD 429.4 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, pharmaceuticals was the largest revenue generating type in 2023.
- Supplements is the most lucrative type segment registering the fastest growth during the forecast period.
Hair growth supplement and treatment market data book summary
| Market revenue in 2023 | USD 296.3 million |
| Market revenue in 2030 | USD 429.4 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Pharmaceuticals |
| Fastest growing segment | Supplements |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Supplements, Pharmaceuticals, Devices |
| Key market players worldwide | Unilever PLC, Church & Dwight Co Inc, Amway Malaysia Holdings, Procter & Gamble Co, Johnson & Johnson, Merck & Co Inc, Curallux, Alma Lasers Ltd, Cipla Ltd DR, Harbin Pharmaceutical Group, Wontech Co., InVite Health, iRestore India, ExoCoBio |
Other key industry trends
- In terms of revenue, Australia accounted for 3.8% of the global hair growth supplement and treatment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China hair growth supplement and treatment market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,086.5 million by 2030.
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Hair Growth Supplement And Treatment Market Scope
Hair Growth Supplement And Treatment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia hair growth supplement and treatment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hair growth supplement and treatment market will help companies and investors design strategic landscapes.
Pharmaceuticals was the largest segment with a revenue share of 88.36% in 2023. Horizon Databook has segmented the Australia hair growth supplement and treatment market based on supplements, pharmaceuticals, devices covering the revenue growth of each sub-segment from 2018 to 2030.
In Australia, dietary supplements and vitamins make up a significant amount of complementary medicines sold. As per the latest Roy Morgan data, approximately 8.24 million Australians aged over 14 purchase vitamins, minerals, or supplements in an average span of 6 months.
Furthermore, increasing market competition with the launches of new products further boosts the market growth in Australia. For instance, in April 2023, Australia’s JSHealth vitamins launched several beauty supplements and set its eye on chemists & retail stores for sales.
Growing awareness about dietary supplements, rising launches of plant-based products, and increasing awareness about healthy lifestyle are expected to boost market growth over the forecast period. Furthermore, in Australia, low-level laser therapy is becoming more popular & available in homes, salons, and clinical settings.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia hair growth supplement and treatment market , including forecasts for subscribers. This country databook contains high-level insights into Australia hair growth supplement and treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia hair growth supplement and treatment market size, by type, 2018-2030 (US$M)
Australia Hair Growth Supplement And Treatment Market Outlook Share, 2023 & 2030 (US$M)
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