The global E-Commerce sales grew by thirteen (13) percent to reach a value of USD 29 trillion in the year 2017.
Research Nester has released its report titled “Beard Oil Market: Global Demand Analysis & Opportunity Outlook 2020-2027” that delivers detailed overview of the global beard oil market in terms of market segmentation by product type, packaging, distribution channel, application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global beard oil market is predicted to witness noteworthy growth by growing at a significant CAGR, owing to factors such as increasing number of individuals using facial products globally and growing trend of individuals sporting a beard on their face which is considered as fashionable and trending globally. Various new advanced products are being introduced by manufacturers to take advantage of the growing market across the world, including various investments being made in R&D activities on several personal care products.
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With growing number of consumers increasing their expenditure on grooming products, in order to improve their appearance and personality, the demand for products such as beard oil is predicted to rise significantly over the next decade. The increase in acceptance globally at various official places of business and work of individuals with beard and improved living standards are anticipated to drive the demand for beard oil. Additionally, with more products using scientific techniques and modern beauty concepts being produced globally, the beard oil is predicted to witness considerable demand among the consumers globally over the forecast period.
However, products such as beard oil face some drawbacks in its usage such as the packaging of the hair oil with ingredients which may have been faulty or not consisting of the right ingredients in the manufacturing processwhich could affect the quality of beard oil sold in the market. Further, use of essential oils in products which have been exposed to air or light before being added to beard oil may in some cases affect the users badly, as they may be exposed to allergic reactions. All of these factors are increasingly estimated to limit the growth of the market over the forecast period.
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The global beard oil market consists of four segments which are segmented by product type, packaging, distribution channel and application. The online segment falling under distribution channel is projected to record a significant rate of growth over the forecast period, owing to rising usage of internet by consumers across the world for purchasing products which can be transacted from the place of residence of individuals at their convenience by choosing from a variety of options available and the products being delivered to their homes.
This report also provides the existing competitive scenario of some of the key players of the global beard oil market which includes company profiling of Leven Rose, Macho Beard Company, DapperGanger, Rosdon Group Limited, Texas Beard Company, Klapp Cosmetics GMBH, Vetyon, Beardbrand, Fulllight Technology Co. Limited and American Beard Company. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global beard oil market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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