PUNE, India, July 25, 2024 /PRNewswire/ -- The Hair
Extension Market was valued at USD 3.40
Bn in 2023 and is expected to grow at a CAGR of 6.3% during
the forecast period, reaching USD 5.89
Bn by 2030 according to Stellar Market Research. Hair
extensions provide an affordable and low-maintenance solution for
individuals seeking to change their appearance without a
substantial financial commitment. As hairstyles continue to evolve
or change across the globe with time, people seek measures to
achieve new looks and experiment with different hair colors,
lengths, or styles. Since wigs or extensions offer a convenient way
to try such changes, their consumption rate is likely to grow.
Hair Extension Market Scope: Key Highlights
Market Size in
2023
|
USD 3.40 Bn
|
Market Size in
2030
|
USD 5.89 Bn
|
CAGR
|
6.3 %
|
Forecast
Period
|
2024-2030
|
Base
Year
|
2023
|
Number of
Pages
|
229
|
No. of
Tables
|
138
|
No. of Charts and
Figures
|
193
|
Segment
Covered
|
By Type, Material Type,
Distribution Channel, and End Use
|
Regional
Scope
|
North America, Europe,
Asia Pacific, Middle East and Africa, South America
|
Report
Coverage
|
Market Share, Size, and
Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers,
Restraints, Investment Opportunities, and Key Trends, Competitive
Landscape, Key Players Benchmarking, Competitive Analysis, MMR
Competition Matrix, Competitive Leadership Mapping, Global Key
Players' Market Ranking Analysis.
|
Get your Sample
PDF:https://www.stellarmr.com/report/req_sample/Hair-Extension-Market/2084
- Historic Market Size 2017-2023
- CAGR of the market during 2024-2030.
- Detailed information on factors that will assist Cleanroom
Technology market growth during the forecast period.
- An estimation of the Hair Extension Market size and the impact
of country's GDP on Cleanroom Technology market.
- Forecasts on upcoming trends and changes in consumer
behaviour.
- The growth of the Hair Extension Market
- Analysis of the competitive landscape and detailed information
on companies.
- Comprehensive details of factors that will impede the growth of
Hair Extension companies.
Competitive Landscape
The global hair extension market is competitive with several
players including Great Lengths (Italy), Balmain Hair
Couture (France),
Hairdreams (Austria), Bellami Hair
(USA), Luxy Hair (Canada), Easihair Pro (USA), Socap USA (USA),
Cinderella Hair (UK), Donna Bella Hair (USA) among others.
- Cashmere Hair presents Fill-In Hair Extensions, a cutting-edge
solution for enhancing hair volume and coverage discreetly. The
seperate clip-in tracks, made from 100% Remy European human hair,
effortlessly mix with natural hair, providing a lavish appearance.
Tailored for effortless application and removal, Fill-In Hair
Extensions offer a fast and cost-effective solution for addressing
particular areas, like thinning hair or scattered sections around
the hairline.
The Human Hair Extension Segment to dominate during the
forecast period
Human hair extensions crafted from 100% genuine hair seamlessly
blend with natural hair creating an authentic appearance that
resonates with consumers. Human hair extensions can be heat-styled,
dyed, and treated just like natural hair, adding to their
popularity. For instance, the superior quality of Remy hair
extensions is widely recognized, as they keep the hair's natural
cuticle direction intact, reducing tangling and extending their
lifespan. Based on SMR analysis, about 60% of customers prefer
human hair extensions over synthetic options due to their
preference for a more authentic appearance and texture. Human hair
extensions last 6 to 12 months with proper care, while synthetic
extensions only last 1 to 3 months. This longer lifespan makes
human hair extensions a better value for money, leading to repeat
purchases from customers. Additionally, manufacturing advances have
increased the options and availability of human hair extensions,
such as clip-ins, tape-ins, and fusion extensions, to cater to a
diverse range of user preferences and application techniques. The
sustained success of the Human Hair Extension Segment within the
hair extension market is being driven by the growing emphasis on
aesthetics and self-care, and is expected to continue in the
future.
Request a Sample
Report:https://www.stellarmr.com/report/req_sample/Hair-Extension-Market/2084
Hair Extension Market Regional Overview
Asia Pacific to be the
fastest-growing during the forecast period
The hair extension market in the Asia
Pacific region is rapidly growing, driven by the rising
disposable income of the middle-class population in countries like
China, India, and Japan. This increase in income leads to higher
spending on beauty and personal care products. SMR analysis shows
that annual spending on beauty products in China has grown by 12% from 2018 to 2022.
Additionally, the strong manufacturing sector in countries such as
China and India lower production costs, making hair
extensions more affordable and accessible. China is the site to more than 70% of the
global hair extension manufacturers, ensuring a steady supply of
products. In India there is a
significant market for trendy hair products as more than 50% of the
population is under 25 years old. The growth of salons and beauty
parlours offering hair extension services also contributes to the
growth of the market. The cultural acceptance of hair extensions,
combined with economic and social factors, positions the
Asia Pacific region as the
fastest-growing for hair extensions market in the forecast
period.
Key Findings:
The hair extensions industry has flourished in response to the
growing demand for hair solutions. Individuals experiencing hair
loss conditions such as alopecia or thinning hair are primary
consumers. This market offers a diverse range of products to cater
to different styles, textures, and lengths, ensuring inclusivity
for men, women, and children. Social media platforms and celebrity
influence have significantly boosted the market's growth,
normalizing the use of extensions as beauty and style accessories.
Retail and online channels provide convenient access to a wide
array of products and accessories, including specialized tools for
easy application and maintenance.
Browse related reports by Stellar Market Research:
Consumer Goods & Services Market Reports &
Consulting
Hair Curling Irons Market: The Market size
was valued at USD 4.78 Bn. in 2023
and is expected to reach USD 6.59 Bn
by 2030, at a CAGR of 4.7%.
Hair Care Market: The Market was valued at
USD 96.77 billion in 2023. The global
Hair Care Market size is estimated to grow at a CAGR of 5.68 % over
the forecast period.
Heatless Hair Curler Market: The Market size was
valued at USD 160.2 Mn. in 2023 and
the total Global Heatless Hair Curler Market revenue is expected to
grow at a CAGR of 5.3% from 2024 to 2030, reaching nearly
USD 229.96 Mn. by 2030.
Hair Color Spray Market: The Market size was
valued at USD 2.32 Bn. in 2023. The
total Hair Color Spray Market revenue is expected to grow by 5.8%
from 2024 to 2030, reaching nearly USD 3.44
Bn.
Hair Loss Supplements Market: The Market size
was valued at USD 1.47 Bn. in 2023.
The total Hair Loss Supplements Market revenue is expected to grow
by 11.2% from 2024 to 2030, reaching nearly USD 3.1 Bn.
Hair Restoration Services Market: The
Market size was valued at USD 9.6
Bn. in 2023 and is expected to reach USD 13.60 Bn. by 2030, at a CAGR of 5.1%.
Clean Beauty Market: The Market size was valued at
USD 6.41 Bn. in 2023 and the total
Global Clean Beauty revenue is expected to grow at a CAGR of 13.8 %
from 2024 to 2030, reaching nearly USD 9.92
Bn. by 2030.
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and
consulting company with professionals from several industries. Some
industries we cover include medical devices, pharmaceutical
manufacturers, science and engineering, electronic components,
industrial equipment, technology and communication, cars and
automobiles, chemical products and substances, general merchandise,
beverages, personal care, and automated systems.
Contact Stellar Market Research:
S.no.8, h.no. 4-8
Pl.7/4,
Pinnacle Memories Fl. No. 3,
Pune, Maharashtra, 411029
sales@stellarmr.com
+91 9607365656
Follow
us: LinkedIn | Twitter | Facebook | Instagram |
Logo:
https://mma.prnewswire.com/media/2458342/Stellar_Market_Research_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/hair-extension-market-to-be-dominated-by-north-america-and-expected-to-reach-5-89-bn-by-2030--says-stellar-market-research-302206634.html