Hair Oil, Oral Drugs), By Ingredient Type (Permethrin, Ivermectin, Melathion, Spinosad, Lindane, Dimethicone, Others), By End User (Infants, Kids & Adults)
The market for formulations for treating head lice is anticipated to be worth US$ 424.9 million in 2023 and to rise to US$ 712.2 million by the end of 2033 at a CAGR of 3.8%.
Infestation with head lice is still a bothersome issue for kids, adults, and carers. Head lice infestations are common in the US, mostly affecting young children in preschool and elementary school. Millions of individuals all around the world are impacted by it. However, kids are more likely to get infected than adults are. In addition, girls are more likely than boys to acquire head lice.
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Key findings of the Head Lice Treatment Formulations market study:
Competition Insights:
Key players in this market include Lice Lifters, Terpene Tech, Licefree, Marico, and ParaPro.
These market leaders are adopting organic as well as inorganic growth tactics such as acquisitions and expansions. Aligning with changing consumer preferences, such as shifting towards more natural and plant-based products, will determine the long-term success of players in the market.
Production improvisation and innovations of head lice treatment formulations can create lucrative short-term to mid-term returns in the market. Some mid-level manufacturers are providing private labelling for better product reach and generating higher revenue. Manufacturers are also bringing innovation in product types and packaging, such as the introduction of spray bottles into the market.
Fact.MR has provided detailed information about the price points of key manufacturers of head lice treatment formulations positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Market Improvements and Expansion
Major players operating in the head lice treatment formulation markets are Lice Lifters, Terpene Tech, Licefree, Marico, and ParaPro. Investments in plant-based and enzyme-based head lice treatment formulations can considerably benefit manufacturers for a long-term period. Fact.MR suggests that companies can add Spinosad-based formulations to their portfolios to overcome the challenges concerning the use of permethrin that causes mutations in head lice.
Key players are manufacturing products according to consumer requirements with the help of innovations in their product portfolios.
For instance, a key manufacturer, Nix, offers a quality comb with laser technology, which helps remove nits and lice without the application of any formulation on the head. With such innovations taking place, consumers who are suffering from head lice are shifting to the use of safe and free from chemical treatments.
Segmentation of Head Lice Treatment Formulations Industry Research:
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Queries addressed in the Head Lice Treatment Formulations market report:
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Jun 19, 2023
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