DUBLIN–(BUSINESS WIRE)–The “Hair Extension Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type, Source, and End User” report has been added to ResearchAndMarkets.com’s providing.
The hair extension market was valued at US$ 3,561.76 million in 2020 and is projected to attain US$ 4,929.13 million by 2028; it’s anticipated to develop at a CAGR of 4.15% from 2020 to 2028.
Hair extensions assist in including size and quantity to the pure human hair. Rising demand for self-grooming merchandise and growing per capita disposable earnings propel the expansion of the worldwide hair extensions market. However, unethical practices adopted within the hair trade hinder the market progress.
Based on supply, the hair extension market is bifurcated into human and artificial. The artificial hair section accounted for a bigger market share in 2020 and the human hair section is predicted to register a better CAGR available in the market in the course of the forecast interval. Synthetic hair is comprised of quite a few artificial and blended fibres and doesn’t include human hair. These fibres are very high quality, plastic fibres which might be produced to imitate pure human hair. Synthetic hair can’t be coloured as most dyes include ammonia or bleach, which can destroy artificial hair. However, the artificial hair extensions are cheaper than human hair extensions, which drives the demand for artificial hair extensions.
Based on area, the hair extension market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. In 2020, North America accounted for the biggest share available in the market. The demand for hair extensions is surging in North America owing to the rising consciousness about celeb trend traits, and elevated grooming and magnificence actions. Caucasian customers normally use hair extension to create a selected trend picture. Further, rising disposable earnings and urbanization, altering way of life in addition to excessive buying energy of the customers are boosting the market progress.
The measurement of general international hair extension market has been derived utilizing each main and secondary supply. To start the analysis course of, exhaustive secondary analysis has been carried out utilizing inner and exterior sources to receive qualitative and quantitative info associated to the market. Also, a number of main interviews have been carried out with trade members to validate the information, in addition to to achieve extra analytical insights into the subject. The members of this course of embody trade specialists resembling VPs, enterprise improvement managers, market intelligence managers, and nationwide gross sales managers, together with exterior consultants resembling valuation specialists, analysis analysts, and key opinion leaders, specializing within the hair extension market.
Market Dynamics
Drivers
- Rise in Adoption of Self-Grooming Products
- Increase in Disposable Income and Change in Living Standards of Middle-Class Population
Restraint
- Unethical Practices in Hair Industry
Opportunities
- Growing Utilization of Hair Extension in Entertainment and Fashion Industry
Future Trends
- Increased Demand with Social Media as Enabler
Companies Mentioned
- GREAT LENGTHS UNIVERSAL HAIR EXTENSIONS S.p.A.
- Balmain Paris Hair Couture
- easihair professional
- Klix Hair Extensions
- Locks & Bonds
- Anhui Jinruixiang Hair Products Co., Ltd.
- Evergreen Products Group Limited
- SO.CAP.USA
- Cinderella Hair Extension
- Barclaywolf Hair Extensions
For extra details about this report go to https://www.researchandmarkets.com/r/gs8s0n
