DUBAI, United Arab Emirates, July 24, 2022 (GLOBE NEWSWIRE) — The global hair extensions market in 2021 has been valued at US$2.38 billion, according to a new report from FMI. $4.99 billion by 2032, with a modest CAGR of 5.3% for the forecast period 2022-2032. Rapid changes in lifestyle and increased product availability are likely to boost the market during the forecast period.
Rapid changes in lifestyle, preference for longer and denser hair, and increased product availability have increased the demand for hair extensions. The presence of side effects of hair transplant procedures and hair restorers further drive the market for hair extensions. The hair extensions market is also fueled by increasing consumer spending on products that enhance appearance and individuality. Growing popularity of grooming products and increased spending on them explain the growth of the market during the evaluation period.
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Rising disposable income in emerging economies such as Brazil, India, and Argentina is likely to boost sales of hair extensions during the forecast period. Moreover, marketing and promotional strategies focused on or based on consumer purchasing habits are expected to influence the global hair extensions market.
“Side effects associated with hair transplant surgery, as well as increased product availability, will increase sales of hair extensions in the market during the forecast period,” said an FMI analyst.
Important points:
- The release of new hair extension products with multiple functions is expected to complement the market growth during the forecast period.
- Increased spending on grooming explains the expansion of the market.
- North America presents significant growth potential in the market.
- With the rise of e-commerce, the Asia-Pacific market is heading for growth.
- The European hair extensions market will experience significant growth due to changes in consumer behavior.
- Rising disposable income in countries such as India, China, Brazil, and Argentina will have a positive impact on the market during the forecast period.
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competitive environment
BELLAMI Hair, Godrej, Great Lengths, Klix Hair Extension, Evergreen Products Group Limited, Great Lengths, Balmain Paris Hair Couture, Beauty industry group Qingdao Organic Hair Ltd., Hair Dreams, Hidden Crown, Hair Addictionz, Femme Hair Extension, Hairlocs, Easihair , Socap, and Cinderella Hair are some of the leading organizations operating in the Hair Extensions market profiled in the full report.
Key players in the hair extensions market are adopting tactics such as mergers and acquisitions to achieve market expansion. They invest in research and development to improve their product portfolio and gain a competitive advantage.
More Insights into Hair Extensions Market Report
In its latest report, FMI provides an unbiased analysis of the global hair extensions market, providing historical data from 2017-2021 and forecast statistics from 2022-2032. Based on fitting type, sales type, sales channel, and region.
Regional Analysis For Hair Extensions Market
According to the latest report by FMI, North America is expected to lead the global hair extensions market. This is possible due to the presence of a huge number of hair extension manufacturers and organizations. Rising disposable incomes and accelerating urbanization in Latin America will enhance the market prospects in the region during the forecast period. .
The rise of e-commerce is likely to drive the hair extensions market in the Asia-Pacific region. Increasing disposable income in emerging economies such as India and China will contribute to the market growth. Additionally, regions such as the Middle East and Africa will boost the market due to increasing consumer spending on grooming products.
A rapid change in consumer behavior will have a positive impact on the European hair extensions market.
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table of contents
1.executive summary
1.1.Global market outlook
1.2. Demand Side Trends
1.3.Supply-side trends
1.4.technology roadmap analysis
1.5.Analysis and recommendations
2. Market overview
2.1. Market Scope/Taxonomy
2.2. MARKET DEFINITION/SCOPE/LIMITATIONS
3. Market Background
3.1. Market dynamics
3.1.1. Driver
3.1.2. Constraints
3.1.3. Opportunities
3.1.4. Trends
3.2. Scenario prediction
3.2.1. Demand in an optimistic scenario
3.2.2. Demand in Likely Scenarios
3.2.3. Demand in a Conservative Scenario
3.3. Opportunity Map Analysis
3.4.investment feasibility matrix
3.5. Analysis of PESTLE and Porter
3.6. Regulatory status
3.6.1. By Major Region
3.6.2. By country
Read more TOC
About FMI – Consumer Goods
FMI’s Consumer Products Division provides clear and accurate analysis of the global consumer products industry. This comprehensive study ranges from material types, category types, product types, retail and consumer goods distribution to supply and demand assessments and related advancements occurring in the industry. Our research studies help inform market guidelines for consumer product manufacturers, channel partners, and government agencies to develop – “the way forward”.
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