Global Hair Accessories Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Hair Accessories Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Hair accessories are items wrapped, knotted, twisted, inserted, or otherwise fastened to the hair, and may be decorative or functional. Hair accessories come in many shapes, sizes, and materials. Shapes include hair ties, hairpins, threads or ropes, hairpins, and hair sticks. Materials include plastic, silk, metal, jewelry, and feathers, among others. People can use hair accessories to indicate religious significance, social class, age group, and level of fashion consciousness. Using hair accessories is faster and easier than picking up hair tools or following an elaborate hair tutorial.

Market Overview:

The latest research study on the global Hair Accessories market finds that the global Hair Accessories market reached a value of USD 26085.07 million in 2023. It’s expected that the market will achieve USD 35705.3 million by 2029, exhibiting a CAGR of 5.37% during the forecast period.

Advantages of hair accessories

When people meet a stranger, the first thing they are likely to notice is that person's face and hair. As a result, many people spend a lot of time and money taking care of their hair, including using hair care products, styling their hair, and wearing hair accessories. On any website that has a strong influence on the beauty industry, consumers can easily see beautiful women wearing eye-catching fashion accessories in their hair. Simple yet impactful fashionable hair accessories are the most effective way to elevate the beauty game. Whether a person has short, long, fine, thick, super curly, straight, or somewhere in between, fun hair accessories can help them elevate their everyday look into a beautiful, eye-catching on-trend style. A hair accessory look is a great way to enhance an entire look or update everyday hairstyle to make it perfect for the beach, dinner date, or wedding guest attire. Fashionable hair ties come in different colors, prints, and materials, which can add a beautiful pop of color and interest to boring traditional styles like ponytails, buns, and other updos. They are also very practical. Most keep hair away from a person's face or neck, which is just what's needed on hot summer days. Silk hair accessories can be worn all day and all night. They help protect hair by restoring and retaining moisture, preventing breakage and frizz, and avoiding tangles. Therefore, hair accessories offer a healthy, heat-free way to style your hair. Hair accessories are also a form of self-expression, and a simple hair accessory can save people when they lack inspiration or have bad hair.

Increased demand for exterior beautification

People around the world are paying more and more attention to their appearance. Mostly because of social norms, an attractive appearance is often associated with a likable personality and good health. A person's appearance can also affect their self-confidence. So people started paying more attention to their appearance. In addition, people's disposable income is also increasing, especially in emerging economies, and consumers can spend more money on different products. Traditionally, concern with appearance has been associated with women and young people. Now this trend is starting to extend to older age groups and men. Men are increasingly investing in skincare and beauty products, as well as beauty treatments, to impress their peers while feeling more comfortable in their skin. In addition to physical health, hair, appearance, and teeth are three main areas that many people wish to change. Men and women experience different types of hair loss throughout their lives. Most hair loss conditions are usually hereditary, while some are affected by an individual's lifestyle, such as exposure to stress. Increased chronic stress has led to continued increases in consumer demand for wigs and hair extensions around the world. Social influencers, celebrities, movie stars, and fashion designers have been pioneering new and innovative hair trends, influencing consumers around the world. A large number of magazines, blogs, and beauty websites are creating awareness about the latest trends in the fashion industry, and a large number of people subscribe to them. The popularity of ponytails and high buns has boosted sales of hair clips. Oversized, metal jewelry and logo word clips are popular for making a statement with words. These trends are largely driven by social media, street style, and selfie culture. Walmart said the largest U.S. beauty retailer is looking to add more brands, particularly those that cater to multicultural and Hispanic shoppers. Therefore, more and more individuals are adopting hair accessories to enhance their beauty. Increasing demand for beautifying appearance has driven the demand for hair accessories products.

Region Overview:

In 2022, the share of the Hair Accessories market in Europe stood at 26.89%.

Company Overview:

The major players operating in the Hair Accessories market include Conair Corporation (Scünci), Claire's, Miniso, Goody Products Inc., Henan Ruimei Hair Products Co., Ltd., etc. Among which, Conair Corporation (Scünci) ranked top in terms of sales and revenue in 2023.

Conair is a leading international designer, manufacturer, and marketer of branded personal care and small kitchen appliances, cookware, hair brushes & accessories, cosmetic bags, and travel accessories.

Trendsetting products have been invented by Conair since its inception in 1959, keeping the Company always a step ahead of the competition. The company's domestic and international divisions offer a diversified mix of consumer and professional products sold in over 120 countries. The Family of Conair brands includes CONAIR, Cuisinart, BaBylissPro, Scünci, TRAVELSMART by CONAIR, and Waring. Conair’s passion for innovation gets stronger with each decade, as evidenced by the over 1,000 patents the Company has obtained worldwide.

Scünci provider of fashion hair accessories serving women. The company's products include elastic and cloth ponytails, combs, jaw clips, barrettes, bows and hair fasteners, thereby serving customers.

Segmentation Overview:

By type, Elastics & Ties segment accounted for the largest share of market in 2022.

Application Overview:

By application, the General Stores segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Hair Accessories market covered in Chapter 3:

HP® High Profile Fashion Hair Accessories
Bunzee Bands
Goody Products Inc.
Shiamas (Alexandre Zouari)
Alexandre de Paris
Vickkybeauty 
Guangzhou Peini Hair Accessory Co., Ltd.
SOQ
Miniso
Dongyang Yilibei Hair Accessories Factory
Yiwu Skysweet Jewelry Factory
Vilayati Manufacturing Co.
Evita Peroni
Dongguan Yuanshan Webbing & Accessories Co., Ltd.
Osewaya
Sta-Rite Ginnie Lou
Hairitage 
France Luxe
Dreamwork
Good Hair Days Inc.
PuffCuff LLC
Jhaveri Immitation Jewellery Private Limited
Yiyi Hair Accessories
Henan Ruimei Hair Products Co., Ltd.
Kitsch 
The Hair Bow Company
Claire's
Conair Corporation (Scünci)

In Chapter 4 and Chapter 14.2, on the basis of types, the Hair Accessories market from 2019 to 2030 is primarily split into:

Clips & Pins
Headbands
Wigs & Extensions
Elastics & Ties
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hair Accessories market from 2019 to 2030 covers:

Department Store
Supermarkets and Hypermarkets
General Stores
Online
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)