According to a new report, published by KBV research, The Global Beard Oil Market size is expected to reach $2.1 billion by 2031, rising at a market growth of 6.1% CAGR during the forecast period. In the year 2023, the market attained a volume of 128,984.60 Thousand Units (30 ML) experiencing a growth of 16.7% (2020-2023).
The Low segment generated the highest revenue in the Global Beard Oil Market by Price Range in 2023; thereby, achieving a market value of $830.6 million by 2031. Low beard oils typically offer a good mix of effective ingredients and appealing fragrances at a price point accessible to a broad consumer base.
The Conventional segment is registering a CAGR of 5.7 % during the forecast period. The conventional beard oil segment is driven by wider accessibility, cost-effectiveness, effective marketing, and product variety. Easy consumer access is guaranteed by the widespread availability of these products in supermarkets, drugstores, and online platforms.
The Hypermarket & Supermarket led dominated the Global Beard Oil Market by Sales Channel in 2023; thereby, achieving a market value of $586.5 million by 2031. Consumers who purchase multiple items in a single journey are afforded a convenient shopping experience by these expansive retail establishments, which offer a diverse selection of products under one roof.
The Bottled segment is growing at a CAGR of 5.7 % during the forecast period. Bottles are the most common packaging choice for beard oils due to their practicality, convenience, and ease of use. Typically made of glass or plastic, these bottles often come with droppers or pump dispensers, allowing for precise application and minimal product waste.
Full Report: https://www.kbvresearch.com/beard-oil-market/
The North America region dominated the Global Beard Oil Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $713.1 million by 2031. The Europe region is anticipated to grow at a CAGR of 5.9% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 6.5% during (2024 - 2031).
By Price Range (Volume, Thousand Units (30 ml), USD Billion, 2020-2031)
By Product Type (Volume, Thousand Units (30 ml), USD Billion, 2020-2031)
By Sales Channel (Volume, Thousand Units (30 ml), USD Billion, 2020-2031)
By Packaging (Volume, Thousand Units (30 ml), USD Billion, 2020-2031)
Unique Offerings 
