Global Hair Accessories Market Size, Trends and Growth Opportunity, By Product (clips & pins, headbands, wings & extensions, elastics & ties and others), By Distribution channel (hypermarket & supermarkets, general stores and online),By Region and Forecas

Global hair accessories market size, Trends and Growth opportunity, By product (clips & pins, headbands, wings & extensions, elastics & ties and others), By distribution channel (hypermarket & supermarkets, general stores and online),By region and forecast till 2027

Global Hair Accessories Market

The global hair accessories market was valued at US$18.29 billion in 2021 and it is expected to reach at US$46.60 billion in 2027 at a CAGR of 12.4% during forecast period 2022-2027.

A person's hair is vital to enhancing their appearance. An appearance that is healthy, shining, and well-groomed is enhanced by hair. People take care of their hair as a result, experiment with various hairstyles, and enhance to look good. Bands and pins are no longer the only available hair accessories. Currently, there is a huge selection of hair accessories on the market, especially for women, who are the primary consumers of hair accessories.

Market Drivers

The market for hair accessories is projected to be driven primarily by consumers' increasing attention to their appearance. Numerous blogs and beauty websites are raising public awareness of current fashion industry trends, and many people are subscribing to them. The market for hair accessories should benefit from this. To enhance the quality of the finished hair product and give the hair a fashionable and smooth appearance, prominent companies are also investing in automated manufacturing processes like designing, weaving, washing, and dyeing.

Market Restraint

Over the course of the forecast period, it is also anticipated that the prominence of several fashion blogs and websites will restrain the growth of the hair accessories market. On the other side, the presence of several fake products that are deemed unauthentic by manufacturers is anticipated to restrain the expansion of the hair accessory market in the forecast year.

COVID-19 Impact on Hair Accessories Market

The production network was disrupted by the temporary lockdown and restriction, which brought issues with import and commodities in a number of different areas. The COVID-19 pandemic has hurt businesses associated in the hair accessory sector, which has caused a decline in market growth for 2020 and 2021. The market has suffered because of the COVID-19 pandemic. Markets in the worst-affected nations, such as India, Brazil, and Italy, were shaken by the pandemic's initial rise. In order to assemble different varieties of hair frills, China has consistently been a major supplier of essential raw materials, and many international producers depend on China for the same.

Market Segmentation

The global hair accessories market segmented on the basis of product and distribution channel. On the basis of product it segmented into clips & pins, headbands, wings & extensions, elastics & ties and others. On the basis of distribution channel it segmented into hypermarket & supermarkets, general stores and online.

Regional Analysis

The global hair accessories market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Because of their increased spending power and increased demand for diverse hair accessory products, North America dominates the hair accessory market. Additionally, as Halloween celebrations become more well-known, consumers' preferences for hair accessories like wigs and headbands are growing. The Asia-Pacific hair accessories market is expected to expand significantly due to consumers' increased need for hair accessories to complement their outfits due to developing fashion trends and changing style statements.

Key Players

Various key players are listed in this report such as L'oreal SA, Revlon, Inc., Coty, Inc., Indus Valley, Combe Incorporated, Hoyu Co., Ltd, John Paul Mitchell Systems, Cover Your Gray, Kao Corporation and NATULIQUE ApS.

Market Taxonomy

By Product

Clips & Pins

Headbands

Wings & Extensions

Elastics & Ties

Others.

By Distribution Channel

Hypermarket & Supermarkets

General Stores

Online

By Region

North America

Latin America

Europe

Asia Pacific

Middle East