Hair Extension Market Set To Record Exponential Growth By 2030
Market Scenario
The Global Hair Extension Market is expected to register a growth rate of 6.0% and garner a value of approximately USD 10.2 Billion by the end of 2030.
Market Highlights
The growing perception about beauty among customers has generated an unprecedented incentive for the manufacturers about hair extensions to sell customers a range of items.
Consumers choose hair extensions as an alternative to natural hair coloring because it is harmful to hair. Simple delivery of these hair extensions on e-commerce sites as well as offline stores and strong demand for hair extensions as they render the natural hair look longer and more compact contribute to an expansion of the global hair extension industry.
Segmental Analysis
The global Hair Extension Market segmentation has been classified as type, end-user, distribution channel, and region.
The world market was classified by type into synthetic hair extensions, human hair extensions, and animal hair extensions. The category of silicone hair extensions is estimated to retain the largest market share, and according to the MRFR report the same category is projected to post the fastest CAGR during the forecast period.
The market is bifurcated into female and male, based on end-user. The female segment is estimated to retain the largest market share and, according to the MRFR report, is predicted to post the highest CAGR during the forecast period.
The market has been divided into store-related and non-store-depending, based on the distribution channel. The store-based group has been further divided into malls, hypermarkets, among others. The store-based sector is projected to compensate for the market's bigger sales share. Nonetheless, the non-store segment is projected to display a faster growth rate over the 2019 to 2030 forecast period.
Regional Overview
Based on the region, the global hair extension market comprises growth opportunities and latest trends across Asia Pacific, North America, Europe, the Rest of the World.
Thanks to an rising amount of study activities to use ICP-OES spectrometer for environmental monitoring purposes, the environmental testing category is projected to be the fastest-growing.
The industry has been categorized by end-user as businesses of pharmaceutical & biotechnology, science & education institutes, among others. Industries of pharmaceutical & biotechnology are projected to have a large market share. It is due to the increasing number of ICP-OES spectrometer applications in the pharmaceutical industry. Due to the increasing research activities, the research & academic institutes segment is expected to become the fastest growing market.
Asia Pacific thrives significantly because it covers leading exporters of human hair for hair extension manufacture. However, the mushrooming demand from fast-developing economies in the area, coupled with growing disposable income, is poised to open new avenues for market participants to growth prospects. To add to this, variables such as occurrence of hair loss issues, receding hairline and rising hair transplant costs are likely to further intensify higher hair extension demand within the country.
While the majority of the world has greater development prospects. It is estimated that the North American region would compensate for the highest sales share of the global hair extension industry over the prognosis period due to the growing overall professional beauty industry which has resulted in the purchase of hair extensions in the region increasing.
Competitive Scenario
Hair Visions International (US), Balmain Hair Group B.V. (Netherlands), easihair pro USA (US), Esqido (Canada), SO.CAP. Donna Bella OpCo, LLC (US), Original USA (US), Cinderella Hair Extension (US), KLIX HAIR, INC. (US), Hairlocs (US), Viva Femina, Inc. (US), Racoon International (UK), Femme Hair & Beauty (UK), Henan Rebecca Hair Products Co. Ltd. (China), Great Lengths Universal Hair Extensions SRL (Italy), Evergreen Products Group Limited (Hong Kong) and FN Longlocks (US) are some of the key Hair Extension Market players.
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