Locks of Luxury: Unveiling the $10.2 Billion Hair Extension Phenomenon by 2030 – A Glamorous Forecast in Style Evolution
Research Reports
Oct 16, 2023
Hair Extension Market Overview:
The Hair Extension Market is the most demanding market nowadays, which is predicted to grow to approximately USD 10.2 billion by 2030. This global market has the expectations to meet a growth rate of 6%. The hair extensions are used in the worldwide market, also known as artificial hair, which is used for natural human hair. Men and women use these to give their hair an additional volume or length. These are added to the natural human hair through the sewed, stuck, and other forms. The market has grown rapidly over the years because of the increasing consciousness about the appearance among the consumers. The global hair extension market is bringing immense opportunity for the manufacturers and the key players. Nowadays, people prefer colorful hair extensions to carry different looks on different days. Rather than coloring the natural hair, it is all good to use the extension.
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Moreover, the Hair Extension Market is expanding because of its easy availability. It can be easily found in the online/offline market. After all, consumers’ preferences for having long and healthy hair also attract them to this market. The hair extension market research report mentions the growth and demand of supply, market segments, market drivers, challenges, and recent industry developments.
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The increasing awareness among people regarding the damaging hair due to the color also concerns them using this. Moreover, the increasing beauty industry in the various regions also hiked the market share and expanded the opportunities for key players. The market also contains a few restraints that force the market to lower down, including regional boundaries and recent global pandemics. Because of the constant demand, the industry has decided to employ more key players and manufacturers in the market.
Market segmentation:
The Hair Extension Market is segmented into certain factors: type, end-users, and distribution channel. These are further sub-segmented into the various channels. The market is segmented into synthetic hair extensions, animal hair extensions, and human hair extensions based on the type. Among 3 of them, the synthetic hair extension segment generates a higher market share.
Based on the end-user, the market is segregated into females and males. In comparison to this, the female segment generates larger profits.
Based on the distribution channel, the Hair Extension Market is divided into the non-store-based and store-based segments. In addition, the store-based segments are divided into supermarkets, hypermarkets, and others.
Regional segmentation of the market:
As per the classification of regional segments, the Hair Extension Market is divided into multiple regions. These regions are Asia Pacific, Europe, North America, Latin America, and The Middle East& Africa. In these regions, the North American market has the prediction to generate the highest revenue growth. The major reason for the market growth is the increasing overall professional beauty industry. Consumers’ rising concern about their looks and personality also predicted the highest CAGR for the forecast period.
For further insights, explore the complete report details at @ https://www.marketresearchfuture.com/reports/hair-extension-market-6544
Industry News:
On May 17, 2022, the Beauty Industry Group announced today that it had acquired BELLAMI Hair. This premium brand hair extension comes under the hair extensions and hair care categories.
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