The global hair wig market is anticipated to cross the valuation of USD 14.29 Billion by 2032. The market at present is valued at USD 6.62 Billion in 2022. The forecast period under this research is 2022-2032. The market is anticipated to expand with a CAGR of 8% in the referred forecast period.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Hair Wig market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Hair Wig market.
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Key Companies Profiled
- Rebecca
- SNG
- Hengyuan
- Ruimei
- Lord’s hair
- Revlon
- Raquel Welch
- Paula young
Competitive Landscape
To serve hair wig and extension demand, significant players like Rebecca, SNG, Hengyuan, Ruimei, Lord hair, Revlon, Raquel Welch, and Paula young have introduced human hair wigs, which are also called virgin hair, as they are not treated with chemicals and are untouched, sourced directly from the human head. Hair wigs are a category of grooming products, where the demand for the former has been observed to grow at a faster pace as compared to the latter.
Regional Outlook
The worldwide increase in disposable income and the desire to improve physical appearance is boosting the demand for personal grooming products, including hair wigs and extensions. Consumer expenditure on hair wigs in countries like China and India has grown multifold in the recent past. The Online presence of key players like Rebecca, SNG, Artnature, Aderans, and Ruimei is growing their global footprint.
Asia-Pacific and North American regions dominate the styling industry, accounting for more than 60% of the cosmetics market combined. African descent population is familiar with artificial hair braiding due to their low hair growth patterns. Medical patients are another potential consumer base for hair wigs who undergo chemotherapy wherein an ample of hair loss is followed by treatment like in cancer and other immune disorders such as alopecia, mostly found in African countries.
Segmentation: Hair wigs market
- By Type :
- Hair Extension
- Full-head hair wigs
- By Material :
- Synthetic
- Natural hairs
- By End-user :
- Commercial users
- Individual users
- By Sales Channels :
- Offline
- Online
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
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Queries addressed in the Hair Wig market report:
- Why are the Hair Wig market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Hair Wig market?
- Which regions are displaying the fastest growth in the Hair Wig market?
- What are the underlying micro-macroeconomic factors affecting the global Hair Wig market?
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