Human Hair Extension Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Human Hair Extension Market
The human hair extension market size was valued at USD 4.45 billion in 2023, and the market is now projected to grow from USD 4.88 billion in 2024 to USD 10.78 billion by 2032, exhibiting a CAGR of 10.41% during the forecast period of 2024-2032.
The COVID-19 pandemic in 2020 significantly affected human hair extension market growth. Shipping restrictions and quarantines halted operations for many international raw material suppliers. Those who managed to deliver to Western markets, including the U.S., raised their prices. This forced industry players to hike their product prices to maintain profitability.
By the year 2060, one in every four out of five elders above 64 will use hair extensions, this being a rise from 15% back in the year 2016 as projected by the U.S. Bureau of the Census. In 2016, the American Hair Loss Association reported that about 25 % of males experience Male Pattern Baldness (MPB) which is genetic before 21 years old while approximately 66% are likely to go bald by 35 then most such incidences would have some degree of shedding by the 50 years to see the human hair extension market share.
The rising demand for Vietnamese hair in North America, especially in the U.S., also benefits Asian suppliers. Sourced from young women aged 18-25, this high-quality hair is maintained naturally, avoiding chemicals. Vietnamese hair care routines use locusts, rice water, and herbs. Industry players highlight these practices to promote hair.
Comprehensive Analysis of Human Hair Extension Market
The human hair extension market and consumer goods industry are rapidly growing due to effective market segmentation. This expansion allows for detailed assessments of the supply and demand forces influencing the industry. Segments are categorized by type, application, and sales channel. The types of include, Clip-in Hair Extension, Fusion & Pre-Bonded Hair Extension, Tape-in Hair Extension, and Others. Then by application includes, Female and Male. At last, sales channel include, Offline Channel and Offline Channel.
In 2023, North America became the largest market for hair extensions. U.S. companies partner with established salons to boost brand reputation, and recent developments in product distribution include offering extensions in various colors. This strategy addresses the rising demand for fashionable products and underscores the need for innovation to remain competitive.
Leading companies in the market are pivotal in driving growth and setting standards within the consumer goods industry. These players include, Great Lengths (Italy), Balmain Hair Couture (France), Hairdreams Haarhandels GmbH (Austria), easihair pro (U.S.), Beauty Industry Group Inc. (U.S.), Cinderella Hair Extension (U.S.), Hairlocs (U.S.), Klix Hair, Inc. (U.S.), UltraTress (U.S.), Racoon International (U.K.), Hair Addictionz (U.S.), FN Longlocks (U.S.), Viva Femina, Inc. (U.S.) and Femme Extensions (U.S.)
In December 2023, CASHMERE HAIR, a luxury hair extension company based in the U.S., introduced its latest innovation, Fill-In Hair Extensions. This product aims to offer a temporary volume boost for individuals with thinning hair.
Segmentation Table
GlobalHuman Hair Extension Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 10.41% from 2024 to 2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Type, Application, Sales Channel, and Region
By Type Clip-in Hair Extension
Fusion & Pre-Bonded Hair Extension
Tape-in Hair Extension
Others
By Application Female
Male
By Sales Channel Offline Channel
Online Channel
By Region North America (By Type, Application, Sales Channel, and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Type, Application, Sales Channel, and Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Russia (By Application)
- Benelux (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Type, Application, Sales Channel, and Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Korea (By Application)
- Australia (By Application)
- Southeast Asia (By Application)
- Rest of Asia Pacific (By Application)
South America (By Type, Application, Sales Channel, and Country)
- Brazil (By Application)
- Argentina (By Application)
- Columbia (By Application)
- Peru (By Application)
- Chile (By Application)
- Rest of South America (By Application)
Middle East & Africa (By Type, Application, Sales Channel, and Country)
- South Africa (By Application)
- Saudi Arabia (By Application)
- Egypt (By Application)
- Nigeria (By Application)
- UAE (By Application)
- Rest of the Middle East & Africa (By Application)
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