Hair Wigs and Extensions Global Market Report 2022: Social Media Enabling New Demand
Hair Wigs and Extensions Market
Dublin, Jan. 18, 2023 (GLOBE NEWSWIRE) -- The "Hair Wigs and Extensions Market - Global Outlook and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global hair wigs and extensions market is expected to grow at a CAGR of 16.06% during 2023-2028. The US is the leading country globally in the hair wigs and extensions market. Hair wigs and extensions can be made using human hair or synthetic fibers resembling human hair. An increasing number of customers demanding hair extensions or wigs for beauty or functional purposes has been driving the industry over the last few years.
Native Africans and people of African descent are the largest hair wigs and extensions consumers. The global demand for premium-quality hair products is influencing manufacturers to set up production facilities in Asian countries, mainly in China and India, and offer hair wigs and extensions at lower prices than in international markets. The number of African-descent women with thinning hair, men suffering from receding hairline, and male pattern baldness is at par with consumers in the US and European nations.
The availability of high-quality wigs and toupees encourages men worldwide to try them as an alternative to surgical procedures or hair transplants. Further, hair wigs are extensively used in emerging economies. In countries such as the US, the UK, France, and Italy, hair extensions account for a large share of the global hair wigs and extensions market. During the forecast period, southeast Asia and sub-Saharan Africa are expected to witness significant growth, while Latin America is expected to grow slower than the other emerging markets. While GDP growth is anticipated to rise in both developing and advanced economies, the hair wigs and extensions market in China and India is projected to witness significant growth in usage and demand.
Report Attribute | Details |
No. of Pages | 304 |
Forecast Period | 2022 - 2028 |
Estimated Market Value (USD) in 2022 | $7.82 Billion |
Forecasted Market Value (USD) by 2028 | $19.12 Billion |
Compound Annual Growth Rate | 16.0% |
Regions Covered | Global |
Market Dynamics
Market Opportunities & Trends
Shift in Middle-Class Spending Patterns
Image Makeovers in Urban Communities
Increasing Use of Wigs in Fashion & Entertainment Industry
Market Growth Enablers
Increasing Hair Fall Among Men & Women
Growing Demand for False Hair as Beauty Accessory
Social Media Enabling New Demand
High Demand from Consumers of African Descent
Market Restraints
Highly Fragmented Market Impeding Profitability
Rising Expenses Associated With Branding and Manufacturing
Disputes Over Hair Sourcing
Increasing Demand for Hair Loss Treatments
Segmentationby Product
Hair Extensions
By End-use
Lengthening and Volumizing
Coloring
Styling
By Fitting Type
Clip-in
Micro Link
Tape-in
Glue-in
By Hair Type
Human
Synthetic
Hair Wigs
By End-user
Leisure
Beautification
Functional
By Cap Type
Monofilament
Lace
By Hair Type
Human
Synthetic
Toupee
By Gender
Men
Women
By Hair Type
Human
Synthetic
Segmentation by Geography
North America
US
Canada
Europe
UK
Germany
Spain
France
Italy
APAC
China
Japan
India
South Korea
Australia
Middle East & Africa
UAE
South Africa
Nigeria
Latin America
Mexico
Brazil
Key Company Profiles
Godrej
Great Lengths
Evergreen Product Group
Other Prominent Vendors
Hairlocs
Klix Hair Extensions
Hair Visions International
Racoon International
Xuchang Penghui
Xuchang Shengtai
Yinnuohair
Xuchang Haoyuan
Cinderella Hair Extension
Locks & Bonds
Femme Hair & Beauty
Paula Young
Lord Hair
Bohyme
Indique
India Hair International (IHI)
Indo Hair
FN LongLocks
Diamond Hair Company
Charm Hair
AY Hair Products
Diva Divine India
Aderans
Artnature
Hair Zone
Shake-N-Go Fashion (SNG)
Rebecca
Anhui Jinruixiang Hair Product
Hairdreams
Easihair Pro
Donna Bella
SO.CAP.
Ruimei Hair Products
Just Extensions
REMY NY
The Hair Shop
Balmain Hair
Human Hair Argentina
Aleriana
Hair Life India
Bloomsbury
Beaudiva
OMGQUEEN
CheapWigSales
RichFeel
Woven Hair
Madali
BELLAMI Hair
Mayvenn
True Indian Hair
Lush Wigs
TSD Hair
Glam Seamless
His and Her Hair Goods
YH Hair
Dini Wigs
Luxy Hair
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
5 Report Assumptions & Caveats
6 Market at a Glance
7 Premium Insights
8 Introduction
9 Market Opportunities & Trends
10 Market Growth Enablers
11 Market Restraints
12 Market Landscape
13 Product Type
14 Hair Extensions
15 Hair Wigs
16 Toupees
17 Hair Type
18 End-user
19 Distribution Channel
20 Geography
21 North America
22 Apac
23 Europe
24 Middle East & Africa
25 Latin America
26 Competitive Landscape
27 Key Company Profiles
28 Other Prominent Vendors
29 Report Summary
30 Quantitative Summary
31 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/cmeal8
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