Global Hair Extension
Market Report
2024
The Global Hair Extension market size is USD 2.6 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Hair Extension market size is USD 2.6 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Hair Extension Market Sales Revenue 2023 | $ 2.6 Billion |
Global Hair Extension Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.6% |
North America Hair Extension Market Sales Revenue 2023 | $ 0.91 Billion |
Europe Hair Extension Market Sales Revenue 2023 | $ 0.78 Billion |
Asia Pacific Hair Extension Market Sales Revenue 2023 | $ 0.68 Billion |
South America Hair Extension Market Sales Revenue 2023 | $ 0.13 Billion |
Middle East and Africa Hair Extension Market Sales Revenue 2023 | $ 0.1 Billion |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Hair Extension industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Hair Extension Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Hair extensions are a type of human, synthetic, or animal hair that is attached firmly to the scalp and used to add length, thickness, or color to natural hair. Some extensions last a long time, some do not; some last for up to a full year before taking off. Hair extensions mix in with hair because of their complementary color and texture. The rising prevalence of hair-related conditions, such as alopecia, is a major driver behind the growth of the hair wig industry.
A key driver in the Hair Extension market is the continuous evolution of fashion trends and the increasing demand for style diversity. Consumers, influenced by social media, celebrities, and fashion influencers, seek versatile and transformative hair solutions. Hair extensions provide an instant and customizable way to experiment with different hairstyles, lengths, and colors. The market benefits from the dynamic nature of fashion, as consumers embrace the flexibility and creativity that hair extensions offer to express individual style and keep up with the ever-changing beauty landscape.
In June 2021, Mayvenn Inc. launched its inaugural retail store on Fry Road in the Katy Area, Texas (U.S.), aiming to introduce its products to new customers, deliver various services to its users, and facilitate connections between customers and hairstylists.
(Source:katytimes.com/stories/mayvenn-opens-in-northeastern-katy-area,3892)
Another crucial driver shaping the Hair Extension market is the rising popularity of non-damaging hair enhancement solutions. With an increasing focus on hair health and the avoidance of damage caused by traditional hair treatments, consumers turn to hair extensions as a non-invasive option. Innovations in extension technologies, such as clip-ins, tape-ins, and micro-ring extensions, cater to individuals looking for temporary enhancements without compromising their natural hair. This driver underscores the market's responsiveness to changing consumer preferences and the demand for hair extension products that align with health-conscious beauty practices.
April 2021 - Evergreen Products Group Ltd., a Hong Kong, China-based manufacturer of hair products, developed and invested in digital wigs by using the technology of Non-Fungible Tokens (NFTs) as a part of its business strategy. The company makes unique digital wigs for online customers for social media posts, live video streaming, or video calls.
A significant restraint in the Hair Extension market is the persistent challenge of quality concerns and the prevalence of synthetic alternatives. While natural hair extensions are highly sought after, the market faces issues related to inconsistent quality, including issues such as tangling and shedding. The availability and affordability of synthetic hair extensions pose a competitive challenge, attracting price-sensitive consumers. The market grapples with the need to address quality assurance concerns and educate consumers about the value of genuine, high-quality human hair extensions, highlighting a crucial restraint impacting the industry's growth.
The COVID-19 pandemic had a profound impact on the Hair Extension market. Lockdowns, salon closures, and economic uncertainties led to a decline in consumer spending on non-essential beauty products, including hair extensions. With reduced social gatherings and events, the demand for hair extensions for special occasions dwindled. Disruptions in the supply chain and manufacturing processes, coupled with financial constraints, affected production capabilities and intensified pricing pressures for both manufacturers and retailers. However, as consumers adapted to new beauty routines during lockdowns, there was a surge in online sales for at-home hair care solutions, showcasing a shift towards DIY beauty practices. As salons gradually reopened, the market witnessed a recovery, with an emphasis on convenient and easy-to-use hair extensions for at-home styling.
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The Competitive Landscape of the Hair Extension market is characterized by intense competition among key players vying for market share in a rapidly evolving industry. Established brands and emerging entrants engage in strategic initiatives such as product innovation, partnerships, and marketing campaigns to gain a competitive edge.
(Source:pagesix.com/2019/10/03/jordyn-woods-launches-dream-hair-extensions-collection/)
Top Companies Market Share in Hair Extension Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America emerges as the largest region, commanding an impressive 35% market share and boasting a substantial market size of USD 0.91 billion in 2023. The overview of North America's market dynamics reflects a cultural emphasis on beauty and grooming, with consumers seeking versatile and transformative solutions. One notable segment gaining prominence in this region is Remy Human Hair Extensions, characterized by high-quality, natural-looking strands. The popularity of Remy hair extensions aligns with the discerning preferences of North American consumers for premium, authentic products. In conclusion, North America's dominant position in the Hair Extension market underscores its role as a trendsetter, influencing the industry's trajectory with a significant market share and size, driven by a demand for quality and style.
The Asia-Pacific region stands out as the fastest-growing hub, commanding a noteworthy 26% market share and featuring a substantial market size of USD 0.68 billion in 2023. The market overview in Asia-Pacific reflects a dynamic blend of cultural diversity and evolving beauty standards, driving a growing demand for hair extension solutions. One notable segment gaining prominence in this region is Clip-In Hair Extensions, offering a convenient and temporary styling option that resonates with the fast-paced lifestyles prevalent in Asia-Pacific. The increasing adoption of hair extensions aligns with the region's beauty-conscious consumer base seeking innovative and customizable styling solutions. In conclusion, Asia-Pacific's dominant growth in the Hair Extension market highlights its pivotal role in shaping industry trends, backed by a significant market share and size indicative of the region's influence on the global beauty landscape.
The current report Scope analyzes Hair Extension Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, North America emerges as the largest region, commanding an impressive 35% market share and boasting a substantial market size of USD 0.91 billion in 2023. The overview of North America's market dynamics reflects a cultural emphasis on beauty and grooming, with consumers seeking versatile and transformative solutions. One notable segment gaining prominence in this region is Remy Human Hair Extensions, characterized by high-quality, natural-looking strands. The popularity of Remy hair extensions aligns with the discerning preferences of North American consumers for premium, authentic products. In conclusion, North America's dominant position in the Hair Extension market underscores its role as a trendsetter, influencing the industry's trajectory with a significant market share and size, driven by a demand for quality and style.
According to Cognitive Market Research, Europe emerges as a prominent region, commanding a substantial 30% market share and featuring a noteworthy market size of USD 0.78 billion in 2023. The market overview in Europe is characterized by a diverse and sophisticated beauty culture, where consumers place a high premium on quality and style. One notable segment gaining traction in this region is Tape-In Hair Extensions, known for their seamless integration and natural look. The popularity of Tape-In extensions aligns with the European consumer's preference for a refined and polished appearance. In conclusion, Europe's significant market share in the Hair Extension industry underscores its role as a trendsetter, influencing the market's direction with a considerable market size indicative of the region's prominence in shaping beauty and grooming trends.
According to Cognitive Market Research, the Asia-Pacific region stands out as the fastest-growing hub, commanding a noteworthy 26% market share and featuring a substantial market size of USD 0.68 billion in 2023. The market overview in Asia-Pacific reflects a dynamic blend of cultural diversity and evolving beauty standards, driving a growing demand for hair extension solutions. One notable segment gaining prominence in this region is Clip-In Hair Extensions, offering a convenient and temporary styling option that resonates with the fast-paced lifestyles prevalent in Asia-Pacific. The increasing adoption of hair extensions aligns with the region's beauty-conscious consumer base seeking innovative and customizable styling solutions. In conclusion, Asia-Pacific's dominant growth in the Hair Extension market highlights its pivotal role in shaping industry trends, backed by a significant market share and size indicative of the region's influence on the global beauty landscape.
According to Cognitive Market Research, Latin America emerges as a distinctive region, securing a modest yet noteworthy 5% market share and featuring a market size of USD 0.13 billion in 2023. The market overview in Latin America is characterized by a vibrant and diverse beauty culture, where consumers express a penchant for bold and dynamic styles. One notable segment gaining attention in this region is Colored Hair Extensions, reflecting the region's penchant for expressive and unconventional beauty choices. Despite a relatively smaller market share, Latin America contributes to the industry with its unique aesthetic preferences. In conclusion, Latin America's role in the Hair Extension market signifies a growing appreciation for diverse and expressive styling options, adding a colorful dimension to the global beauty landscape.
According to Cognitive Market Research, the Middle East and Africa region carve a distinct niche, holding a modest yet notable 4.00% market share and featuring a market size of USD 0.10 billion in 2023. The market overview in the Middle East and Africa is shaped by a blend of traditional and contemporary beauty preferences, with consumers valuing elegance and cultural aesthetics. One notable segment gaining traction in this region is Luxury Hair Extensions, showcasing a preference for high-quality, premium products that align with the region's emphasis on sophistication. Despite a comparatively modest market share, the Middle East and Africa contribute to the global Hair Extension market by reflecting a blend of cultural heritage and evolving beauty standards. In conclusion, this region's presence underscores the industry's adaptability to diverse global preferences, acknowledging the importance of cultural nuances in shaping the beauty and grooming landscape.
Global Hair Extension Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Hair Extension Industry growth. Hair Extension market has been segmented with the help of its Type, Application , and others. Hair Extension market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Human Hair Extensions emerge as the dominant category, capturing a substantial market share. The demand for authenticity, natural texture, and the ability to style extensions like one's own hair contribute to the dominance of human hair extensions. Consumers often seek the premium quality and durability offered by genuine human hair, valuing the versatility and seamless integration with their own strands. This category reflects the market's recognition of the enduring appeal of authentic hair, catering to a diverse consumer base seeking a high-quality and natural-looking extension solution for various styling preferences.
The fastest-growing category in the Hair Extension market is represented by Synthetic Hair Extensions. This category experiences rapid growth due to advancements in synthetic fibre technology, resulting in affordable, versatile, and increasingly natural-looking alternatives. Synthetic extensions appeal to budget-conscious consumers, offering a wide range of styles and colors. The fast-paced growth of synthetic hair extensions also aligns with the industry's efforts to address quality concerns, providing consumers with more accessible and diverse options for temporary styling solutions.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hair Extension Industry. Request a Free Sample PDF!
According to Cognitive Market Research, Female Hair Extensions establish dominance as the primary category, capturing a substantial market share. Historically, the majority of the market has catered to the diverse hair styling needs of women. The dominance of female hair extensions is attributed to the extensive range of styles, lengths, and textures available, meeting the diverse preferences of women seeking to enhance their natural hair or experiment with different looks. This category reflects the longstanding trend of women using hair extensions as a versatile and transformative beauty accessory, contributing significantly to the overall market share.
The fastest-growing category in the Hair Extension market is represented by Male Hair Extensions. While historically a niche segment, there is a notable surge in the popularity of hair extensions among men. Changing grooming trends, increased emphasis on personal appearance, and a growing acceptance of diverse hairstyles contribute to the rapid growth of male hair extensions. This category addresses the evolving grooming preferences of men, offering options for lengthening, thickening, or adding unique styles to their hair.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Hair Extension Market is witnessing significant growth in the near future.
In 2023, the Human Hair Extensions segment accounted for noticeable share of global Hair Extension Market and is projected to experience significant growth in the near future.
The Female segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Evergreen Products Group Limited , Artnature Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
1.(S)Tressful Times for India's Human Hair Industry
2.Alibaba has hair-raising business plans for India
Disclaimer:
Type | Human Hair Extensions, Synthetic Hair Extensions |
Application | Female, Male |
List of Competitors | Evergreen Products Group Limited, Godrej Consumer Products Ltd, Artnature Inc., Aderans Co. Ltd., Donna Bella Hair, F.N. Longlocks, Aleriana SRL, Klix Hair Extensions, Indique Hair, Shake-N-Go Inc |
This chapter will help you gain GLOBAL Market Analysis of Hair Extension. Further deep in this chapter, you will be able to review Global Hair Extension Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Hair Extension Market Trends North America Hair Extension Technological Road Map North America Hair Extension Market Drivers North America Hair Extension Market Restraints North America Hair Extension Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Hair Extension market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Human Hair Extensions have a significant impact on Hair Extension market? |
What are the key factors affecting the Human Hair Extensions and Synthetic Hair Extensions of Hair Extension Market? |
What is the CAGR/Growth Rate of Female during the forecast period? |
By type, which segment accounted for largest share of the global Hair Extension Market? |
Which region is expected to dominate the global Hair Extension Market within the forecast period? |
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