Global Hair Extensions Market Report and Forecast 2024-2032

Global Hair Extensions Market Report and Forecast 2024-2032

Global Hair Extensions Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global hair extensions market size reached a value of USD 4.12 billion in 2023. Aided by the growing demand for natural-looking hair extensions such as fusion extensions that can blend in seamlessly with a person’s own hair, the market is projected to further grow at a CAGR of 8.0% between 2024 and 2032 to reach a value of USD 8.29 billion by 2032.

Hair extensions are artificial integrations that add length and volume to human hair. These extensions are commonly used as fashion accessories and are made from either synthetic fibres or natural human hair. They are available in various forms, including clip-in, tape-in, sew-in, and fusion, catering to different consumer preferences and needs. Hair extensions play a significant role in personal grooming, enhancing one’s appearance and boosting confidence.

The increasing consumer preference for aesthetic enhancements is driving the global hair extensions market growth. With the growing awareness of beauty and personal grooming, there has been a significant shift towards the use of hair extensions for achieving desired hairstyles. Additionally, the rising trend of social media influence has further contributed to the increasing popularity of hair extensions, as celebrities and influencers frequently endorse these products.

The expanding applications of hair extensions in various sectors also play a significant role in propelling the hair extensions market expansion. In the entertainment industry, hair extensions are extensively used by actors, models, and performers to achieve versatile looks for different roles and appearances. The fashion industry utilises hair extensions to enhance the overall aesthetic of models during runway shows and photoshoots. Moreover, hair extensions are also popular in the wedding industry, where brides and bridesmaids use them to achieve elaborate hairstyles.

Further, the growing demand for non-surgical solutions for hair thinning and baldness has led to an increased focus on hair extensions as a viable alternative. Hair extensions provide an instant solution to hair loss issues, offering a fuller and more voluminous appearance without the need for surgical procedures. This has significantly boosted the market, particularly among middle-aged and older consumers.

The growing consumer inclination towards personal grooming and aesthetic enhancements is a significant driver of the market. The increasing awareness of beauty standards and the influence of social media have led to a surge in demand for hair extensions, as they offer an easy and effective way to enhance one’s appearance. The extensive use of hair extensions in the entertainment, fashion, and wedding industries is propelling the market growth. Hair extensions are a popular choice among celebrities, models, and brides, contributing to their widespread adoption.

As per the global hair extensions market analysis, the rising demand for non-surgical solutions for hair thinning and baldness is boosting the market size. Hair extensions provide an instant solution to hair loss issues, offering a fuller and more voluminous appearance without the need for surgical procedures. Technological advancements in the production of hair extensions are creating growth opportunities for market players. The development of innovative and high-quality hair extensions that offer a natural look and feel can enhance the overall appeal and acceptance of these products. The growing acceptance of hair extensions among men is presenting new opportunities for market growth. With the rising awareness of male grooming and aesthetics, the demand for hair extensions among men is expected to increase, driving market expansion.

The North American hair extensions market is driven by the high consumer awareness of beauty and personal grooming products. The presence of major market players and the increasing influence of social media and celebrity endorsements are further boosting the market growth. The European hair extensions market is driven by the growing demand for aesthetic enhancements and the extensive use of hair extensions in the fashion and entertainment industries.

Market Segmentation

The market can be divided based on type, fitting type, distribution channel, end use and region.

Market Breakup by Type

• Human Hair Extension
• Synthetic Hair Extension
• Animal Hair Extension

Market Breakup by Fitting Type

• Micro Link
• Clip-In
• Tape-In
• Glue-In

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets
• Speciality Stores
• Online Channel
• Others

Market Breakup by End Use

• Professional
• Personal

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global hair extensions market. Some of the major players explored in the report by Expert Market Research are as follows:

• Indique Hair LLC
• New Times Hair
• Great Lengths S.p.A Società Benefit
• Balmain Hair Group B.V.
• Hairdreams Haarhandels GmbH
• Mayvenn, Inc.
• So.Cap.USA
• Shake-N-Go, Inc.
• Jon Renau Collection
• SalonLabs Exports India Pvt Limited
• The Gorgeous Hair Co.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.