Global Hair Wigs And Extensions Market Size study & Forecast, by Hair Type (Human Hair, Synthetic hair), by Product (Wigs, Extensions) and Regional Analysis, 2022-2029
Global Hair Wigs And Extensions Market is valued at approximately USD 6.13 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.5% over the forecast period 2022-2029. A growing number of people are becoming aware of how hair wigs can enhance a person's appearance if they are struggling with hair loss. Hair wigs and extensions are being used as a customization for satisfying the user's distinct desire, ability to create various hairstyles without harming the hair, and capacity to produce realistic-looking results. The growing prevalence of hair-related problems, such as alopecia, and growing geriatric population across the globe, are the key factors propelling industry growth. Furthermore, rising incidences of cancer are also catering to the growth of market.
The population of people 60 and over was 1.4 billion in 2020, and the World Health Organization (WHO) predicts that the number will quadruple to 2.1 billion by 2050. Additionally, major players are releasing specially made hair-related products that best meet consumer demand. For instance, Hi-MO LLC offers customized items, such as hair wigs, hair color, hair care, and others, for each customer. The rising incidence of androgenetic alopecia, often known as baldness, has led to a rise in the use of wigs and extensions among consumers. However, the side effects of Hair Wigs And Extensions such as scalp itching, and discomfort stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Hair Wigs And Extensions Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the dominance of branded products and the region's increasing disease prevalence. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising geriatric and target populations, an increase in the number of collaborations for biosimilar development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.
Major market players included in this report are:
Evergreen Products Group Limited.
Godrej Consumer Products Limited
Artnature Inc.
Aderans Co., Ltd.
Donna Bella Hair
F.N. Longlocks
ALERIANA Wigs
Klix Hair Extensions
Indique Hair
Shake-N-Go, Inc.
Recent Developments in the Market:
In February 2021, Waeve announced its plan that it would launch a set of six different wig styles 4 times every year.
In Aug 2020, BELLAMI announced the partnership with Kristen Hancher and plans to launch the new bold, colorful wigs
Global Hair Wigs And Extensions Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage
Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered
Hair Type, Product, Region
Regional Scope
North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope
Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Hair Type:
Human Hair
Synthetic hair
By Product:
Wigs
Extension.
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australi.
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Companies Mentioned
Evergreen Products Group Limited.
Godrej Consumer Products Limited
Artnature Inc.
Aderans Co., Ltd.
Donna Bella Hair
F.N. Longlocks
ALERIANA Wigs
Klix Hair Extensions
Indique Hair
Shake-N-Go, Inc.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
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