Minoxidil Price Trend

Minoxidil Prices June 2023

The price of minoxidil in the USA for quarter ending in June 2023 was 153569 USD/MT.
The minoxidil price in China for quarter ending in June 2023 was 146601 USD/MT.
In June 2023, the price of minoxidil in Germany was 152439 USD/MT.

Minoxidil Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Minoxidil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of minoxidil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of minoxidil at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of minoxidil price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing minoxidil price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Minoxidil Market Analysis

The global minoxidil market size reached US$ 1.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 1.9 Billion, at a projected CAGR of 5.0% during 2023-2032.

• The rising incidence of hair loss conditions, such as androgenetic alopecia and alopecia areata, is driving demand for effective treatments like minoxidil. In America, by the age of 35, two-thirds of men will have some degree of appreciable hair loss, and by age 50, around 85% of men have prominent thinning hair. 6.5 million men and 8 million women in the United Kingdom suffer from hair loss, aside from this. As awareness of these problems increases, more people are looking for medical treatments to manage and treat hair loss.
• The rising geriatric population prone to hair thinning and loss are facilitating the product demand. According to the World Health Organization (WHO), the share of the population aged 60 years and above will increase from 1 billion in 2020 to 1.4 billion in 2030. Also, by 2050, the world's population of people aged 60 years and older will reach 2.1 billion. This demographic shift is contributing to increased demand for hair regrowth treatments, including minoxidil, as geriatric adults look for ways to maintain their appearance and hair health.
• Ongoing research and advancements in the fields of dermatology and trichology have led to a better understanding and treatment of hair loss. These developments have enhanced the effectiveness and composition of minoxidil, rendering it a more desirable choice for users.
• Increased awareness and education about hair loss treatments are further encouraging more people to try products like minoxidil. Also, marketing efforts by pharmaceutical companies and healthcare providers are helping to spread information about the benefits and effectiveness of minoxidil.
• Furthermore, minoxidil is widely accessible to consumers without a prescription thanks to its over-the-counter (OTC) availability in many locations. This convenience has expanded the product's market reach and boosted consumer uptake.
• The growth of online retail and e-commerce platforms has made it easier for consumers to purchase minoxidil products. According to the IMARC Group, between 2024 and 2032, the e-commerce industry will expand at a startling rate of 27.16%, valued at USD 183.8 trillion. Online shopping provides access to a wide range of brands and formulations, often at competitive prices, boosting overall sales.
• As disposable income levels rise, consumers are more willing to spend on personal care products, including hair loss treatments. Between 2013 and 2021, Europe's per capita household disposable income increased by 14%. In comparison, per capita disposable income in the United States increased by 1.9% between 2019 and 2024, reaching a high of $50789 in 2024. This economic factor supports market expansion by enabling more individuals to afford minoxidil products.

Minoxidil News

The report covers the latest developments, updates, and trends impacting the global minoxidil market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in minoxidil production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the minoxidil price trend.

Latest developments in the minoxidil industry:

• In March 2023, ViaDerma, Inc submitted their application for US FDA registration status approval for their minoxidil hair regrowth product.
• In October 2023, Safety Shot Inc. announced that US Patent and Trademark Office has issued Patent (US 11,7666,392) for JW-700, a topical treatment designed to improve minoxidil’s effectiveness.

Product Description

Minoxidil, a drug principally used to cure hair loss and promote hair growth, is also chemically known as 2,4-diamino-6-piperidinopyrimidine 3-oxide. It is frequently offered as foam formulations and topical solutions, usually at doses of 2% and 5%. Minoxidil is an off-white crystalline powder with a molecular weight of 209.25 g/mol. It is highly soluble in water, ethanol, and propylene glycol and decomposes at a temperature range of 248-268°C.

This molecule is synthesized through several processes, including condensation, cyclization, oxidation, and amination. Following synthesis, it is purified via procedures such as recrystallization or chromatography. It is primarily involved in the treatment of androgenetic alopecia, telogen effluvium, alopecia areata, postpartum hair loss, scarring alopecia, chemotherapy-induced alopecia, and as an adjuvant in hair care products. This chemical is versatile, easy to apply, stimulates hair growth, improves hair density, and can be used in combination with other treatments.

Regional Coverage

The report provides a detailed analysis of the minoxidil market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the minoxidil price trend.

Global Minoxidil Price

The report offers a holistic view of the global minoxidil pricing trends in the form of minoxidil price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of minoxidil but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed minoxidil demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Minoxidil Price

European minoxidil prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed minoxidil price information for a comprehensive list of countries.

North America Minoxidil Price

The analysis of minoxidil prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific minoxidil historical data within the United States and Canada can also be provided.

Middle East and Africa Minoxidil Price

The report explores the minoxidil pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on minoxidil prices for countries can also be provided.

Asia Pacific Minoxidil Price

The minoxidil pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This minoxidil price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Minoxidil Price

The analysis of minoxidil prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of minoxidil pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting minoxidil price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The minoxidil price charts ensure our clients remain at the forefront of the industry.