What actually changes
Several things at once, which is why the usual advice does not fit.
Individual strands tend to get finer, so the same number of hairs reads as less hair. The scalp produces less sebum, so hair is drier and the ends get rougher. Gray hair has a different texture — typically coarser and more wiry, while simultaneously being finer in diameter in many cases. And density genuinely can drop.
The AAD describes female pattern hair loss as the most common cause of hair loss in women, with thinning most visible at the part line, and notes that it is progressive (AAD, female pattern hair loss). That is a medical condition with medical options, not a shampoo problem.
What needs a doctor
Before any of this: the American Academy of Dermatology is clear that effective treatment for hair loss starts with finding the cause, and that getting an accurate diagnosis means seeing a board-certified dermatologist (AAD, hair loss diagnosis and treatment). Thyroid disease, low iron, hormonal change and medication all cause shedding, and no cosmetic product on this page addresses any of them.
Specifically worth a dermatology appointment rather than a shopping trip: a part line that is visibly widening, thinning that is patchy rather than diffuse, a scalp that is itchy or sore where the hair is thinning, or thinning that started suddenly. The AAD's hair loss resource center is a good orientation before that appointment (AAD, hair loss resource center).
Going early matters. Most options for pattern hair loss work better on hair that is still there than on follicles that have already stopped.
The fine-and-dry contradiction
Here is the practical problem. Volumizing shampoos are drying, because they avoid the conditioning agents that weigh hair down. Moisturizing shampoos are weighing, because conditioning agents are what moisturize. Post-menopausal hair is frequently both fine and dry, so either choice makes half the problem worse.
The way out is to split the jobs by location. Use a volumizing, sulfate-free shampoo at the scalp, where you want lift and cleanliness. Then put all the moisture on the mid-lengths and ends, where you want softness and no lift — a rinse-out conditioner and a leave-in, kept strictly away from the roots.
That single change fixes more of this than any individual product on the list. Leave-ins for dry hair covers the second half.
If it is gray too
Gray and white hair yellows — from sun, hard water, smoke and product residue — and because there is no pigment to hide it, the yellowing shows badly.
A toning shampoo used once a week fixes that, and it is a different product from anything on this page. Purple shampoos for gray hair is the shortlist, and general shampoos for gray hair covers the moisture side, since gray hair is drier than pigmented hair.
We have not used these products ourselves. They are chosen from what is in the formula, what those ingredients are documented to do, and whether that matches the problem this page is about — and every product below links to the manufacturer's own page so you can check the formulation claims yourself. The full method is here.
If you are also weighing serums and would rather avoid minoxidil, the minoxidil-free shortlist for women is the companion page, and it leads with the blood tests rather than the products.