North America Hair Extension Market Forecast to 2030 - Regional Analysis - by Product Type (Tape-in, Fusion and Pre-bonded, Clip-in, and Others), Source (Human Hair and Synthetic Hair), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
The North America hair extension market was valued at US$ 1,392.81 million in 2022 and is expected to reach US$ 1,954.83 million by 2030; it is estimated to grow at a CAGR of 4.3% from 2022 to 2030.
Growth of the Personal Care and Beauty Industry fuel the North America Hair Extension Market
The beauty industry plays a pivotal role in the growth of the hair extensions market and has a direct impact on its demand. As consumers increasingly prioritize personal grooming and self-expression, they seek solutions to achieve their desired hairstyles and looks. Hair extensions offer a versatile option to enhance one’s hair, whether for length, volume, or style change. This aligns with the broader trend of consumers investing in beauty products and services to enhance their appearance. Additionally, the beauty industry’s continuous innovation in haircare products and styling tools complements the use of hair extensions. These innovations, such as heat styling tools and hair care products designed for use with extensions, improve the overall experience for users. According to GWI’s 2021 report, The Global Wellness Economy: Looking Beyond COVID, North America’s expenditures based on per capita are estimated to be the highest worldwide. Social media and beauty influencers also contribute significantly to the demand for hair extensions. Celebrities and online personalities frequently showcase different hairstyles achieved with extensions, inspiring followers to experiment with similar looks.
Overall, the beauty industry’s growth fosters an environment where consumers are more open to trying new hair extension products and styles, thus driving market demand. It’s a synergy between the beauty industry’s trends and the versatility and convenience that hair extensions offer in achieving desired hair aesthetics
North America Hair Extension Market OverviewThe North America hair extension market is segmented into the US, Canada, and Mexico. North America accounted for a remarkable share of the hair extension market in 2022. The hair extension companies operating in the region continuously enhance their overall business processes to meet the rising customer demands in the best possible way. Many domestic and international companies have a strong foothold in North America. SO.CAP.USA; Great Lengths Universal Hair Extensions S.p.A.; Cinderella Hair Extensions; easihair pro; Klix Hair Extensions; Locks & Bonds; Anhui Jinruixiang Hair Products Co., Ltd.; and Evergreen Product Group are among the key players operating in the North America hair extension market.
North America Hair Extension Market Revenue and Forecast to 2030 (US$ Million)
North America Hair Extension Market SegmentationThe North America hair extension market is segmented based on product type, source, distribution channel, and country. Based on product type, the North America hair extension market is segmented into tape-in, fusion and pre-bonded, clip-in, and others. The clip-in segment held the largest market share in 2022.
Based on source, the North America hair extension market is bifurcated into human hair and synthetic hair. The synthetic hair segment held a larger market share in 2022.
Based on distribution channel, the North America hair extension market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held the largest market share in 2022.
Based on country, the North America hair extension market is segmented into the US, Canada, and Mexico. The US dominated the North America hair extension market share in 2022.
Locks & Bonds, Klix Hair Inc, Easihair Pro., Great Lengths SpA, Evergreen Products Group Ltd, Socap USA Inc, Cinderellahair Inc, and Hairlocs Inc. are some of the leading companies operating in the North America hair extension market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America hair extension market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America hair extension market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America hair extension market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution