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Global Human Hair Extension Market Size By Distribution Channel (Non-Store Based, Store Based), By Application (Fusion And Pre-Bonded, Tap-In), By End User (Female, Male), By Geographic Scope And Forecast


Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Human Hair Extension Market Size By Distribution Channel (Non-Store Based, Store Based), By Application (Fusion And Pre-Bonded, Tap-In), By End User (Female, Male), By Geographic Scope And Forecast

Human Hair Extension Market Size And Forecast

Human Hair Extension Market size was valued at USD 4.00 Billion in 2023 and is projected to reach USD 6.00 Billion by 2031, growing at a CAGR of 4.8% from 2024 to 2031.

  • Human hair extensions are natural hair strands that are attached to a person’s existing hair to add length, volume, or style versatility. They are typically made from 100% human hair, sourced from donors or collected from hair salons. These extensions are considered high-quality and offer a more natural look and feel compared to synthetic alternatives.
  • They have diverse applications in the beauty and fashion industry, catering to individuals looking to enhance their hair in various ways. It can be clipped, glued, sewn, or bonded to existing hair strands for instant longer and fuller hair. These products offer versatile hairstyling options like highlights, lowlights, or ombre without coloring natural hair. They can be styled, curled, straightened, or braided for various occasions.
  • Human hair extensions come in a wide range of colors, shades, and textures, including straight, wavy, curly, and kinky. They can be used to match or contrast with natural hair color, texture, and style preferences, providing flexibility in experimenting with different hair looks and trends.
  • These kind of hair extensions are popular among hairstylists, celebrities, and individuals seeking to enhance their hair aesthetics, achieve desired hair lengths, styles, and colors without long-term commitments or damage to natural hair. They are versatile, customizable, and widely used in the beauty industry for hair transformation and enhancement.

Global Human Hair Extension Market Dynamics

The key market dynamics that are shaping the Human Hair Extension Market include

Key Market Drivers

  • Growing Fashion and Beauty Industry The growing fashion and beauty industry contributes significantly to the need for human hair extensions. As hairstyle and personal grooming trends grow, so does the need for various types of hair extensions.
  • Increasing Disposable Income Increased disposable income enables customers to spend more on personal care and beauty. People tend to spend more money on cosmetic items and services, which benefits the human hair extension sector.
  • Celebrity InfluenceCelebrity endorsements and popular people’ social media influence can have a big impact on consumer preferences. Many people want to replicate their favorite celebrities’ haircuts, which adds to the demand for human hair extensions.
  • Technological AdvancementsInnovations in human hair extension production techniques, such as enhanced textures, colors, and application methods, have the potential to fuel market expansion. Technological developments may also result in more natural-looking and lasting products.
  • Diversity in Style choicesThe global human hair extension business benefits from consumers’ different style choices. Different textures, lengths, and colors accommodate a wide range of preferences and cultural trends.
  • Rising Awareness of Personal GroomingAs people become more aware of the importance of personal grooming and want to improve their appearance, the human hair extension industry grows. Consumers are more eager to experiment with their appearance, resulting in increased demand for such products.

Key Challenges

  • Growing Disposable Income Across the globe, there has been a surge in the purchase of hair extensions and other personal grooming and cosmetic items due to rising levels of disposable income. High-quality human hair extensions tend to become more in demand as consumers have more money to spend on luxuries.
  • Technological Developments New, more easily applied and maintained products with a more natural appearance have been made possible by advancements in hair extension technology. This includes advancements in hair quality as well as changes to attachment techniques including keratin bonds, tape-ins, and clip-ins.
  • Growing Awareness of Hair Care As customers become more conscious of the value of maintaining and caring for their natural hair, they are looking for products that are kind to it. Human hair extensions are said to be less harmful and more natural-looking than synthetic ones, especially when they are created from premium, ethically sourced hair.
  • Cultural Diversity and Inclusion As the world’s population grows more varied, there is a growing need for human hair extensions that can accommodate a variety of hair textures and types. This includes goods that accommodate various cultural preferences and style methods, as well as extensions made especially for curly, kinky, or afro-textured hair.
  • Social Media and Influencer Marketing Websites such as YouTube, Instagram, and TikTok are important in raising consumer knowledge of and demand for human hair extensions. Hair extension items are regularly recommended to their followers by influencers and beauty bloggers, which boosts sales and increases brand awareness.

Key Trends

  • SustainabilityConcerns regarding the ethical and environmental implications of hair extensions have grown among consumers. This increased demand for human hair supplied responsibly and environmentally friendly production methods.
  • Customization In the market for human hair extensions, personalization and customization were becoming more and more common. There was a surge in made-to-order and bespoke choices as a result of customers’ desire for extensions that more closely matched the length, color, and texture of their original hair.
  • Innovative Application Methods Technological and procedural developments were propelling innovation in human hair extension application methods. The techniques of sew-in, tape-in, clip-in, and fusion were improving to become more effective, comfortable, and durable.
  • Influencers and celebrities on social media The market for human hair extensions has been greatly influenced by these parties’ trends. Customer preferences and purchase decisions were influenced by partnerships, endorsements, and social media material.
  • Diverse Product Offerings In order to serve a larger client base, including those with particular hair kinds, textures, and demands, manufacturers were growing their product lines. This featured alternatives for varying price ranges in addition to extensions for wavy, textured, and curly hair.
  • Growth of Internet Sales The distribution of human hair extensions was becoming more and more dominated by online platforms. Online sales and direct-to-consumer companies expanded thanks to the easy access to a worldwide market that social media platforms and e-commerce websites offered.

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Global Human Hair Extension Market Regional Analysis

Here is a more detailed regional analysis of the Human Hair Extension Market

North America

  • North America, notably the United States, has a sizable and diverse consumer base, with a strong need for beauty and personal care products. The region’s cultural diversity leads to a wide range of hair textures and kinds, which drives demand for various sorts of human hair extensions.
  • The fashion and beauty sector in North America is extremely powerful, frequently setting global trends. Human hair extensions are extensively utilized for a variety of hairstyles and are popular with those who want to attain specific appearances and trends.
  • Higher disposable incomes in North America allow consumers to spend more on beauty products, such as premium human hair extensions.
  • The salon and beauty service sector in North America is well-established, and it contributes significantly to the promotion and use of human hair extensions. Salons frequently acquire high-quality extensions to suit customer demand.

Asia-Pacific

  • Consumers’ disposable income is rising as the economies of the Asia Pacific area continue to expand. Thanks to their increased purchasing power, customers can now afford to spend more on upscale goods like human hair extensions.
  • Asia-Pacific nations are renowned for having thriving beauty and fashion sectors. Hair extensions are in more demand when fashion trends change since they may be used to create a wide range of looks and hairstyles. The desire for hair extensions is also significantly fueled by celebrities and influencers.
  • Consumers in the Asia Pacific area have easier access to information on cosmetic items, including human hair extensions, because to the growth of social media and internet platforms. The convenience of online shopping and the rise in awareness drive the market’s expansion.

Global Human Hair Extension Market Segmentation Analysis

The Global Human Hair Extension Market is segmented on the basis of Distribution Channel, Application, End User, And Geography.

Human Hair Extension Market, By Distribution Channel

  • Non-Store Based
  • Store Based

Based on Distribution Channel, The market is segmented into Non-Store Based and Store Based. Hair extensions are mostly sold in retail stores and on the online sales channel. Hair extensions are being sold more easily due to the use of numerous online buying platforms such as Amazon.com and E-bay. This feature is projected to increase the global Human Hair Extension Market’s growth in the coming years.

Human Hair Extension Market, By Application

  • Fusion And Pre-Bonded
  • Tap-In
  • Clip-In

Based on Application, The market is segmented into Fusion And Pre-Bonded, Tap-In, and Clip-In. The clip-in segment held the most market share, while the fusion and the pre-bonded segment are predicted to grow at the fastest rate throughout the forecast period. Various adhesives, such as glue, are used to fuse fusion and pre-bonded hair extensions to the natural hair. Fusion and pre-bonded hair extensions take 3 to 4 hours to apply and include a machine that looks like a hot glue gun and is used to adhere the hair to specific strands of the natural hair. Fusion and pre-bonded hair extensions, on the other hand, might cause breakage, hair loss, and scalp irritation owing to the presence of numerous chemicals in the glue.

Human Hair Extension Market, By End User

  • Female
  • Male

Based on End User, The market is segmented into Female and Male. The female segment had a larger market share, while the men’s segment is expected to grow at a faster rate throughout the forecast period. Hair extensions are in high demand among women due to a growing willingness to spend on high-quality hair extensions, more awareness about appearance, and rising hair loss issues. Furthermore, in countries such as South Africa, the demand for efficient human hair extensions has increased, since one out of every three African women suffers from hair loss.

Key Players

The “Global Human Hair Extension Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Hairdreams, Balmain, Great Lengths, Dona Bella Hair, Hairlocs, Klix Hair Extensions, Locks & Bonds, Viva Femina, Godrej Consumer Products Limited, and Shengtai Group.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

Human Hair Extension Recent Developments

  • In Dec 2023, CASHMERE HAIR, a U.S, – based luxury hair extension company, launched Fill-In Hair Extensions, its latest innovation. The company intended to provide a temporary hair volume boost to individuals experiencing hair-thinning issues.
  • In May 2022, Beauty Industry Group (BIG), a U.S.-based beauty product supplier, announced the acquisition of Bellami Hair, a U.S.-based company specializing in hair extensions and hair care products. This acquisition will likely assist BIG in growing its customers its customer footprint and expanding its market share globally.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2022

Unit

Value (USD Billion)

KEY COMPANIES PROFILED

Hairdreams, Balmain, Great Lengths, Dona Bella Hair, Hairlocs, Klix Hair Extensions, Locks & Bonds.

SEGMENTS COVERED

By Distribution Channel, By Application, By End User, And By Geography.

CUSTOMIZATION SCOPE

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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