Its my understanding it does, but is generally far less noticeable (gets caught and held in hair, then washed out when bathing) but is usually cared for / treated by using proper hair products.

From what I could find, men are more likely to suffer from dandruff than women, so even though women can suffer from dandruff it makes sense from a marketing perspective to focus mostly on men, especially since men are still thought that anything even cosmetics adjacent is not manly.