Hair Extensions Market Scope
Market Research Future (MRFR) studied the global hair extensions market in 2021 for the review period till 2024. As per MRFR findings, the market of hair extensions is likely to register a 4.5?GR through the forecast period. By 2024, the global hair extension market is expected to garner around USD 1.2 Bn.
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Drivers and Restraints Impacting Hair Extension Market
Hair extensions are artificial hair that adds volume and length to natural human hair. Hair extensions are stuck, sewed, or clipped to natural human hair, which is carried out with the assistance of clip-on or clip-in extensions, tape-in hair extensions, and weaving. Further, increasing consciousness about appearance among several consumers created numerous opportunities for hair extensions producers to offer a wide range of products to consumers. Customers prefer hair extensions that are an alternative to natural coloring hair to prevent hair damage. The easy availability of hair extensions on different e-commerce platforms and offline stores, along with the high demand for hair extensions can make natural hair appear denser and longer, resulting in the rise of the global hair extensions market.
Segment Study of Hair Extension Market
The global hair extensions market’s segment study is based on type, distribution channel, and end-user.
The type-based segments of the global market of hair extensions are human hair extensions, synthetic hair extensions, and animal hair extensions. The segment of synthetic hair extensions is likely to hold the highest share of the global market. The segment is expected to register a decent CAGR through the analysis period, revealing MRFR findings.
The end-user-based segments of the global market of hair extensions market are male and female. The segment of females is likely to hold a large share of the overall market and register a decent growth pace during the review term, reveals the MRFR study.
The distribution channel-based segments of the global market of hair extensions market categorized are non-store-based and store-based. The segment of store-based of hair extension market is hypermarkets, and supermarkets others. The segment of the store-based segment can hold the largest share of the overall market. The non-store-based segment of the human hair extension market can exhibit the highest growth rate over the review period by 2024.
Regional Analysis of Hair Extension Market
The global hair extensions industry is studied for North America, Asia Pacific, Europe, and the rest of the world for regional insights into the market.
In North America, the market of the hair extension industry is studied for the US, Mexico, and Canada. In Europe, the market of extension industry is classified for France, the UK, Germany, Spain, Italy, and the remaining of Europe. In the Asia Pacific, China, Japan, India, Australia, and New Zealand as well as the remaining of Asia Pacific are assessed. The hair extensions industry in the remainder of the world is analyzed for South America, Africa, and Middle East Asia.
By region, the market of hair extension market covers the latest trends and growth opportunities across North America, Europe, Asia Pacific, and the Rest of the World. Of which, North America can lead the global market and is likely to retain its dominance over the assessment years due to the surge in demand for hair extensions among African American teenagers, along with product innovations made easily available to them.
Europe is anticipated to retain its reputation as the most profitable market for hair extensions over the analysis years as celebrity culture prevails. The surge in celebrity endorsements and increase in the number of celebrities speaking in favor of new hair extensions can support the market rise.
Asia Pacific hair extension market can thrive significantly as it covers top-notch human hair exporters to produce new hair extensions. Besides, the surge in demand in the region’s fast-developing economies and escalating disposable income are causes that can open new avenues of growth for marketers.
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Some Key Players of Hair Extension Market
Great Lengths Universal Hair Extensions SRL (Italy), easihair pro USA (US), Balmain Hair Group B.V. (Netherlands), Donna Bella OpCo, LLC (US), Esqido (Canada), SO.CAP. Original USA (US), KLIX HAIR, INC. (US), Cinderella Hair Extension (US), Hairlocs (US), Racoon International (UK), Femme Hair & Beauty (UK), Viva Femina, Inc. (US), Henan Rebecca Hair Products Co. Ltd. (China), Hair Visions International (US), FN Longlocks (US), and Evergreen Products Group Limited (Hong Kong) are some reputed companies in the worldwide players in the worldwide hair extensions market that are listed by MRFR.
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