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The South America Hair Loss Treatment Products market is expected to reach USD 35 million by 2023, witnessing a strong growth rate during the forecast period. Argentina is the fastest growing Hair Loss Treatment Products market in South America driven by increased hair loss problem. Increased aging population and rising hectic lifestyle are the primary factors driven the market growth.
Aging Population Accelerating Sales
The older population in Brazil accounted for only 10% of the total population in 2010, which is expected to constitute one-third of the population by 2050. Brazil alone is the top cosmetic market in South America and the fourth largest market globally. Improved life expectancy and declining fertility rate are the primary factors responsible for gaining population growth. Brazilians have a high incidence of hair loss as per the survey conducted with 32% of respondent cited for hair loss problems. Women are more associated with hair loss problems with about 45% of women suffer from hair loss as compared to 18% of men. In Brazil, about 83% of the women above 55 years prefer beauty as an essential aspect. There is an increased demand for Hairceutical products which contains both medicinal and active ingredients to treat hair loss.
Argentina Facing More Hair Loss Problems
Argentina is the fastest growing country for hair loss treatment products sale, witnessing a volume CAGR of 7.5% during the forecast period. Argentina surpassed a volume consumption of 52,000 units of hair loss treatment products in 2017. Chile is the second fastest growing country for the market owing to the increased hair loss problems. Low birth rate and gaining population has further fueled the hair loss products demand.
Key Developments
Aug 2016 - The L’Oréal-owned cosmetics and personal care brand, The body Shop opened its first store in Chile, which represents the 66th global market. After the opening of the shop, the company will have access to 17.8 million people.
The South America Hair Loss Treatment Products market is competitive with many regional and international brands occupying a major share of the market. New product launch focused on herbal and natural ingredients to promote hair growth is the key strategy adopted by players. Medicinal, OTC drugs and laser hair treatments are the major challenges for manufacturers.
Major players include - JOHNSON & JOHNSON SERVICES INC, CRESSO S.A., BIFERDIL, KAO CORPORATION, HENKEL AG & CO KGAA amongst others.
Reasons to Purchase this Report
Analyzing the outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
Distribution Channel sales Analysis by Value
Competitive landscape involving the market share of major players, along with the new product launch and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategy employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs
Aging Population Accelerating Sales
The older population in Brazil accounted for only 10% of the total population in 2010, which is expected to constitute one-third of the population by 2050. Brazil alone is the top cosmetic market in South America and the fourth largest market globally. Improved life expectancy and declining fertility rate are the primary factors responsible for gaining population growth. Brazilians have a high incidence of hair loss as per the survey conducted with 32% of respondent cited for hair loss problems. Women are more associated with hair loss problems with about 45% of women suffer from hair loss as compared to 18% of men. In Brazil, about 83% of the women above 55 years prefer beauty as an essential aspect. There is an increased demand for Hairceutical products which contains both medicinal and active ingredients to treat hair loss.
Argentina Facing More Hair Loss Problems
Argentina is the fastest growing country for hair loss treatment products sale, witnessing a volume CAGR of 7.5% during the forecast period. Argentina surpassed a volume consumption of 52,000 units of hair loss treatment products in 2017. Chile is the second fastest growing country for the market owing to the increased hair loss problems. Low birth rate and gaining population has further fueled the hair loss products demand.
Key Developments
Aug 2016 - The L’Oréal-owned cosmetics and personal care brand, The body Shop opened its first store in Chile, which represents the 66th global market. After the opening of the shop, the company will have access to 17.8 million people.
The South America Hair Loss Treatment Products market is competitive with many regional and international brands occupying a major share of the market. New product launch focused on herbal and natural ingredients to promote hair growth is the key strategy adopted by players. Medicinal, OTC drugs and laser hair treatments are the major challenges for manufacturers.
Major players include - JOHNSON & JOHNSON SERVICES INC, CRESSO S.A., BIFERDIL, KAO CORPORATION, HENKEL AG & CO KGAA amongst others.
Reasons to Purchase this Report
Analyzing the outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
Distribution Channel sales Analysis by Value
Competitive landscape involving the market share of major players, along with the new product launch and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategy employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs
Frequently Asked Questions
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