Hair Extension Market
Growth Factors of Hair Extension Market
The hair extension market size was valued at USD 2.58 billion in 2023, and the market is now projected to grow from USD 2.72 billion in 2024 to USD 4.77 billion by 2032, exhibiting a CAGR of 7.3% during the forecast period of 2023-2030.
Due to lockdown restrictions worldwide, various companies were facing difficulties. The physical meeting with their channel partners and finalizing their business deals became a problem. This has significantly impacted the companies’ product revenues. The closure of barber salons and the limitation on going out of the home have decreased demand for the products. The shortage of raw hair supplies due to the supply chain disruption hampered the consumption rate among the population. Thus, the COVID-19 pandemic created hindrance to the hair extension market growth.
The hair extension market share globally has been contributed due to the rising prevalence of hair diseases to fuel product demand. The rising prevalence of hair loss, alopecia, casts, and others are fueling the demand for such items. The rising exposure to chemical-based shampoos primarily causes such issues. Additionally, due to the growing aging populations are using extensions to cover their hair fall issues. The increasing awareness about such products among the aged people is boosting the market growth.
The trend of rising adoption of premium grooming items is bided well for the market expansion. The customers are gradually using stylish and top quality grooming products as per the occasional needs which can suit their appearance. This will provide new opportunities for companies to develop such innovative products. The rising popularity of multi-colored hair wigs and extensions along with artists and celebrities endorsements to offer newer artificial hair integrations are attracting many customers. The increasingly customized-installation based hairdressing services supporting market expansion.
Comprehensive Analysis of Hair Extension Market
The hair extension market and consumer goods industry is growing at an exponential rate due to its market segmentation. This market expansion effectively provides a thorough regional assessment considering the dominant supply and demand forces that impact the beauty & personal care industry. These segmentations are methodically segregated by types of type and end-user. The type includes synthetic, human, and animal. However, the end-users are such as male and female.
The North American region is conducive to the global hair extension market, leading to a recall of USD 0.92 billion owing to the larger consumer demand for such products and the escalating number of working women population with their surging spending for personal grooming and beauty products.
The top players in the market play a vital role in the consumer goods industry assuring industrial prospectus growth and setting market standards. These players include Great Lengths Universal Hair Extensions Srl (Italy), Balmain Hair Group B.V. (Netherlands), Hair Visions International (U.S), Esqido (Canada), SO.CAP. Original USA (U.S.), Cinderella Hair (U.K.), Racoon International (U.K.), Evergreen Products Group Limited (China), Easihair Pro USA (U.S.), Hairlocs (U.S.), these market players provide a level-playing competitive landscape.
In September 2023, Angel Remy Hair Extensions announced its new innovation AngelWeft. This product will add length and volume to the user’s hair and provide a natural look and feel in addition to making it invisible to the naked eye.
Segmentation Table
Global Hair Extension Market Scope
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 7.3% over 2024 to 2032
Segmentation By Type
- Synthetic
- Human
- Animal
- Male
- Female
- North America (By Type, End-User, and by Country)
- The U.S. (By Type)
- Canada (By Type)
- Mexico (By Type)
- Europe (By Type, End-User, and by Country)
- Germany (By Type)
- France (By Type)
- Italy (By Type)
- Spain (By Type)
- The U.K. (By Type)
- Rest of Europe (By Type)
- Asia Pacific (By Type, End-User, and by Country)
- China (By Type)
- India (By Type)
- Japan (By Type)
- Australia (By Type)
- Rest of Asia Pacific (By Type)
- South America (By Type, End-User, and by Country)
- Brazil (By Type)
- Argentina (By Type)
- Rest of South America (By Type)
- The Middle East and Africa (By Type, End-User, and by Country)
- South Africa (By Type)
- UAE (By Type)
- Rest of the Middle East and Africa (By Type)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Emerging Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain and Regulatory Analysis
- 4.4. Porter’s Five Forces Analysis
- 4.5. Recent Technological Advancements
- 5. Global Hair Extension Market Analysis, Insights, and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type (Value)
- 5.2.1.1. Synthetic Hair Extension
- 5.2.1.2. Human Hair Extension
- 5.2.1.3. Animal Hair Extension
- 5.2.2. By End-User (Value)
- 5.2.2.1. Male
- 5.2.2.2. Female
- 5.2.3. By Region (Value)
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Hair Extension Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Value)
- 6.2.1.1. Synthetic Hair Extension
- 6.2.1.2. Human Hair Extension
- 6.2.1.3. Animal Hair Extension
- 6.2.2. By End-User (Value)
- 6.2.2.1. Male
- 6.2.2.2. Female
- 6.2.3. By Country (Value)
- 6.2.3.1. U.S.
- 6.2.3.1.1. By Type (Value)
- 6.2.3.1.1.1. Synthetic Hair Extension
- 6.2.3.1.1.2. Human Hair Extension
- 6.2.3.1.1.3. Animal Hair Extension
- 6.2.3.2. Canada
- 6.2.3.2.1. By Type (Value)
- 6.2.3.2.1.1. Synthetic Hair Extension
- 6.2.3.2.1.2. Human Hair Extension
- 6.2.3.2.1.3. Animal Hair Extension
- 6.2.3.3. Mexico
- 6.2.3.3.1. By Type (Value)
- 6.2.3.3.1.1. Synthetic Hair Extension
- 6.2.3.3.1.2. Human Hair Extension
- 6.2.3.3.1.3. Animal Hair Extension
- 7. Europe Hair Extension Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type (Value)
- 7.2.1.1. Synthetic Hair Extension
- 7.2.1.2. Human Hair Extension
- 7.2.1.3. Animal Hair Extension
- 7.2.2. By End-User (Value)
- 7.2.2.1. Male
- 7.2.2.2. Female
- 7.2.3. By Country (Value)
- 7.2.3.1. U.K.
- 7.2.3.1.1. By Type (Value)
- 7.2.3.1.1.1. Synthetic Hair Extension
- 7.2.3.1.1.2. Human Hair Extension
- 7.2.3.1.1.3. Animal Hair Extension
- 7.2.3.2. France
- 7.2.3.2.1. By Type (Value)
- 7.2.3.2.1.1. Synthetic Hair Extension
- 7.2.3.2.1.2. Human Hair Extension
- 7.2.3.2.1.3. Animal Hair Extension
- 7.2.3.3. Italy
- 7.2.3.3.1. By Type (Value)
- 7.2.3.3.1.1. Synthetic Hair Extension
- 7.2.3.3.1.2. Human Hair Extension
- 7.2.3.3.1.3. Animal Hair Extension
- 7.2.3.4. Spain
- 7.2.3.4.1. By Type (Value)
- 7.2.3.4.1.1. Synthetic Hair Extension
- 7.2.3.4.1.2. Human Hair Extension
- 7.2.3.4.1.3. Animal Hair Extension
- 7.2.3.5. Germany
- 7.2.3.5.1. By Type (Value)
- 7.2.3.5.1.1. Synthetic Hair Extension
- 7.2.3.5.1.2. Human Hair Extension
- 7.2.3.5.1.3. Animal Hair Extension
- 7.2.3.6. Rest of Europe
- 7.2.3.6.1. By Type (Value)
- 7.2.3.6.1.1. Synthetic Hair Extension
- 7.2.3.6.1.2. Human Hair Extension
- 7.2.3.6.1.3. Animal Hair Extension
- 8. Asia-Pacific Hair Extension Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type (Value)
- 8.2.1.1. Synthetic Hair Extension
- 8.2.1.2. Human Hair Extension
- 8.2.1.3. Animal Hair Extension
- 8.2.2. By End-User (Value)
- 8.2.2.1. Male
- 8.2.2.2. Female
- 8.2.3. By Country (Value)
- 8.2.3.1. China
- 8.2.3.1.1. By Type (Value)
- 8.2.3.1.1.1. Synthetic Hair Extension
- 8.2.3.1.1.2. Human Hair Extension
- 8.2.3.1.1.3. Animal Hair Extension
- 8.2.3.2. India
- 8.2.3.2.1. By Type (Value)
- 8.2.3.2.1.1. Synthetic Hair Extension
- 8.2.3.2.1.2. Human Hair Extension
- 8.2.3.2.1.3. Animal Hair Extension
- 8.2.3.3. Japan
- 8.2.3.3.1. By Type (Value)
- 8.2.3.3.1.1. Synthetic Hair Extension
- 8.2.3.3.1.2. Human Hair Extension
- 8.2.3.3.1.3. Animal Hair Extension
- 8.2.3.4. Australia
- 8.2.3.4.1. By Type (Value)
- 8.2.3.4.1.1. Synthetic Hair Extension
- 8.2.3.4.1.2. Human Hair Extension
- 8.2.3.4.1.3. Animal Hair Extension
- 8.2.3.5. Rest of Asia-Pacific
- 8.2.3.5.1. By Type (Value)
- 8.2.3.5.1.1. Synthetic Hair Extension
- 8.2.3.5.1.2. Human Hair Extension
- 8.2.3.5.1.3. Animal Hair Extension
- 9. South America Hair Extension Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type (Value)
- 9.2.1.1. Synthetic Hair Extension
- 9.2.1.2. Human Hair Extension
- 9.2.1.3. Animal Hair Extension
- 9.2.2. By End-User (Value)
- 9.2.2.1. Male
- 9.2.2.2. Female
- 9.2.3. By Country (Value)
- 9.2.3.1. Brazil
- 9.2.3.1.1. By Type (Value)
- 9.2.3.1.1.1. Synthetic Hair Extension
- 9.2.3.1.1.2. Human Hair Extension
- 9.2.3.1.1.3. Animal Hair Extension
- 9.2.3.2. Argentina
- 9.2.3.2.1. By Type (Value)
- 9.2.3.2.1.1. Synthetic Hair Extension
- 9.2.3.2.1.2. Human Hair Extension
- 9.2.3.2.1.3. Animal Hair Extension
- 9.2.3.3. Rest of South America
- 9.2.3.3.1. By Type (Value)
- 9.2.3.3.1.1. Synthetic Hair Extension
- 9.2.3.3.1.2. Human Hair Extension
- 9.2.3.3.1.3. Animal Hair Extension
- 10. Middle East & Africa Hair Extension Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type (Value)
- 10.2.1.1. Synthetic Hair Extension
- 10.2.1.2. Human Hair Extension
- 10.2.1.3. Animal Hair Extension
- 10.2.2. By End-User (Value)
- 10.2.2.1. Male
- 10.2.2.2. Female
- 10.2.3. By Country (Value)
- 10.2.3.1. South Africa
- 10.2.3.1.1. By Type (Value)
- 10.2.3.1.1.1. Synthetic Hair Extension
- 10.2.3.1.1.2. Human Hair Extension
- 10.2.3.1.1.3. Animal Hair Extension
- 10.2.3.2. UAE
- 10.2.3.2.1. By Type (Value)
- 10.2.3.2.1.1. Synthetic Hair Extension
- 10.2.3.2.1.2. Human Hair Extension
- 10.2.3.2.1.3. Animal Hair Extension
- 10.2.3.3. Rest of Middle East & Africa
- 10.2.3.3.1. By Type (Value)
- 10.2.3.3.1.1. Synthetic Hair Extension
- 10.2.3.3.1.2. Human Hair Extension
- 10.2.3.3.1.3. Animal Hair Extension
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Hair Extension Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
- 12. Company Profiles
- 12.1. Great Lengths Universal Hair Extensions Srl (Roma, Lazio, Italy)
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Balmain Hair Group B.V. (Netherlands)
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Hair Visions International (Florida, USA)
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Esqido (Toronto, Canada)
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. SO.CAP. Original USA (Florida, USA)
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Cinderella Hair (London, UK)
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Racoon International (United Kingdom)
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Evergreen Products Group Limited (Hong Kong)
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Easihair Pro USA (United States)
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Hairlocs (California, USA)
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
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