The hair extension market was valued at USD 2.3 Billion in 2022 and it is anticipated to grow further till USD 4.4 Billion by 2032, at a CAGR of 6.9% during the forecast period.
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Hair extensions are a way to add length, volume, and color to your hair. There are many different types of hair extensions, including clip-in extensions, tape-in extensions, and sew-in extensions. Extensions can be made from real human hair or from synthetic fibers.
Clip-in hair extensions are the most popular type of extensions. They are easy to put in and take out, and they don’t require any permanent commitment. Tape-in extensions are another popular option. They are applied with adhesive tape, and they last for about six weeks. Sew-in extensions are the most permanent type of extension, and they are sewn into your natural hair.
Extensions can be a great way to add length, volume, and color to your hair. However, it is important to choose the right type of extension for your hair type and lifestyle. Extensions can be damaging to your natural hair, so it is important to consult with a professional before getting extensions.
Market Drivers and Trend
The key drivers of the hair extension market are:
- Increasing awareness of hair extensions: There is an increasing awareness of hair extensions and their benefits among women. This is driven by celebrities and social media influencers who are often seen sporting different hairstyles using hair extensions.
- Variety of hair extension types: There is a wide variety of hair extension types available in the market, which gives women the opportunity to choose the type that best suits their needs.
- Ease of use: Hair extensions are relatively easy to use and can be applied at home without the need for professional help.
- Affordable: Hair extensions are generally more affordable than other hair styling options such as hair transplants.
- Time-saving: Applying hair extensions can save a lot of time compared to other hair styling options such as curling or straightening the hair.
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Major Players in the Global Hair Extension Market
The key players studied in the report are Great Lengths Universal Hair Extensions SRL, Balmain Hair Group B.V., Esqido SO.CAP., The Original USA, Donna Bella OpCo LLC, Cinderella Hair Extension, Klix Hair Inc, Racoon International, Hairlocs, Viva Femina Inc., among others.
COVID-19 Impact
Alopecia areata affects over 70,000 Americans, half of whom are women, according to a report released by the National Library of Medicine in April 2020. The public’s growing concern over these ailments is contributing to the industry’s expansion. Due to the global lockdown brought on by the COVID-19 epidemic, the beauty and personal care sector as a whole, including the wig and extension market, was greatly impacted.
Market Segmentation
By End-Use
- Hair Care
- Beauty & Cosmetic
- Others
By Type
- Synthetic Hair Extension
- Human Hair Extension
- Animal Hair Extension
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