Hair extension Market Analysis

Hair extension Market Size was valued at USD 6.8 billion in 2022. The hair extension market industry is projected to grow from USD 7.2 Billion in 2023 to USD 10.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023 - 2030).

By 2030, the global hair extension market is likely to thrive at high CAGR to acquire substantial revenue. The large-scale prevalence of alopecia and increase in cases of receding hairline are creating the demand for hair-extension. Moreover, inclination of people towards experimenting with hair extension to enhance their aesthetics is improving their sales. The rise of numerous fashion trends and the availability of technological advancements to support these latest trends can benefit the market in the analysis period. Modern days hair extensions are superior quality and are available in various length that can contribute to gaining traction among women, which, in turn, can benefit the market. In recent times, brands are adopting robust promotion strategies to boost the consumer base and improve brand reputation that can benefit the Hair Extension Market Insight in long run. High cost of wigs and price of hair transplant, less need for maintenance, easy availability, rise in demand for beard hair extension, impact of celebrity culture, increasing urbanization, surge in beauty standards set, influence from the entertainment industry, and the introduction of different social media platforms that can boost sales are other factors that can foster the market rise in the years to come. However, the availability of complicated manufacturing processes can hamper the growth upsurge.

Key Players

Great Lengths Universal Hair Extensions SRL (Italy), easihair pro USA (US), Balmain Hair Group B.V. (Netherlands), Esqido (Canada), Donna Bella OpCo, LLC (US), SO.CAP. Original USA (US), Cinderella Hair Extension (US), Racoon International (UK), KLIX HAIR, INC. (US), Hairlocs (US), Femme Hair & Beauty (UK), Viva Femina, Inc. (US), Hair Visions International (US), Evergreen Products Group Limited (Hong Kong), Henan Rebecca Hair Products Co. Ltd. (China), and FN Longlocks (US) are some top-notch players in the worldwide Hair Extensions Market Players that are listed by MRFR.

Market Segmentation

The segment study of the global hair extensions market is done by distribution channel, type, and end-user.

The type-based segment of the global hair extensions market are human hair extensions, synthetic hair extensions, and animal hair extensions. The synthetic hair extensions segment can thrive at high CAGR in the study tenure. The human hair extensions segment can earn considerable revenue by 2030.

The end-user-based segment of the global Hair Extension Market Outlook is done by male and female. The female segment can hold considerable market share in the analysis period. The male segment can rise with substantial CAGR through the review term.

The distribution channel-based segments of the global hair extensions market are non-store-based and store-based. The store-based segment studies hypermarkets, and supermarkets among others. The store-based segment can earn decent revenue for the market. The non-store-based segment can rise exponentially in the analysis period. The one-stop experience offered by stores can gain high traction that can earn huge returns for the market.

Regional Analysis

Regional insights on the hair extension market are studied to explore its untapped potential across the globe. Geographic insights on the market can aid investors understand the latest trends across North America, Europe, and Asia Pacific. In North America, the hair extension market is likely to retain its hegemony in the study period as the demand for hair extensions is upscaling. The US is expected to thrive in the coming years. In addition, the African American teenagers are inclined towards different innovations that can contribute to hair extension market augmentation in North America. In Europe, the hair extensions market is observed to be profitable owing to the celebrity culture that prevails here. The rise in number of celebrities endorsing hair extensions, along with the emergence of latest fashion trends can favor the EU hair extension market. In Asia Pacific, the hair extension market is expected to thrive at a decent pace due to the large-scale export trade of human hair. Moreover, the availability of different manufacturers of hair extensions and effective equipment can bolster regional growth. The rising demand for hair extension in fast-developing economies and surge in disposable income can open new avenues for start-ups to generate revenue. The increase in cases of hair loss issues and the availability of affordable hair transplant solutions for receding hairline in the region are other causes that can drive the hair extension market in the analysis period. The hair extension market in MEA is likely to exhibit high paced expansion due to the presence of numerous growth scopes.

Industry News

October 2019: Jordyn Woods has joined hands with Easilocks, a leading hair extensions company to create Woods x Easilocks collection that includes a ponytail, clip-in bangs, and a lace U-part wig.

Hair Extension Market Research Report Information By Product Type (Synthetic Hair Extension, Human Hair Extensions and Animal Hair Extension), By End-User (Female and Male), By Distribution Channel (Store-Based and Non-Store-Based), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

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