Global hair extension market is expected to grow at a significant CAGR of 12.65% in the upcoming period as the scope and its applications are rising enormously across the globe. Hair extensions are also termed as hair integrations that are used to add the volume and length to hair. It is available in several styles and colors that give a custom look.
The factors that are playing a major role in the growth of hair extension market are the rising use for functional and grooming purposes, the growing demand from end-users such as celebrities and army officers, and the rising use to increase volume and length of hair. Also, the increasing disposable income and the developing new technology for applying the extensions may boost the overall market in the years to come.
However, the intricate manufacturing process, the high cost, and its durability may restrain overall market growth in the years to come. Hair extension market is segmented based on hair type, fitting type, application, end-users, and region.
Synthetic hair and human hair are the types that could be explored in hair extension in the forecast period. Human hair sector accounted for the substantial market share of hair extension and is estimated to lead the overall market in the years to come. The reason could be the growing demand for natural hair extension from western countries.
Glue-in, clip-in, tape-in, micro link, and other fitting types could be explored in hair extension in the forecast period. The market may be categorized based on applications like the styling, lengthening & volumizing, coloring, and others could be explored in hair extension in the forecast period.
Based on the end-users, male, female, and others could classify hair extension in the forecast period. The female sector accounted for the substantial market share of hair extension and is estimated to lead the overall market in the years to come. The reason could be the growing number of women using hair extension in a daily routine.
Globally, North America accounted for the substantial market share of hair extension and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the growing demand from consumer’s mainly African-American populace and teenagers, the presence of key manufacturers in the region, and the changing lifestyle. The United States and Canada are the major consumers of hair extension in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. The reason could be the growing demand from celebrities. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of hair extension in this region.
The key players of hair extension market are Godrejcp, Balmain, Locks&Bonds, Great Lengths, Femme Hair Extension, VivaFemina, Easihair, FN LONG LOCKS, Socap, Hair Addictionz, Donna Bella, Racoon, Cinderella, UltraTress, Hairlocs, and Klix Hair Extension. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
Leading players of Hair Extension including:
• Great Lengths
• Hair Dreams
• Donna Bella
• Klix Hair Extension
• Hair Addictionz
• FN LONGLOCKS
• Femme Hair Extension
• Anhui Jinruixiang
• Xuchang Penghui
• Xuchang Haoyuan
Market split by Type, can be divided into:
• Human Hair Extensions
• Synthetic Hair Extensions
Market split by Application, can be divided into:
Market split by Sales Channel, can be divided into:
• Direct Sales
• Distribution Sales
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Research Support Specialist, USA