Global Wig Market, by Type (Covered Hair Wig, Hair Extension, and Others, End User (Men, Women)- Forecast till 2025

A wig is covering wrapped over the head and made up of human hair, animal hair or synthetic fiber. Some people make use of wigs to camouflage baldness as wig act as less invasive and less expensive substitute for any other medical therapies for restoring hair. These hair extensions are smooth, easy to comb, can be attached to hair quickly and effortlessly tied-up by claw clip. The benefits of wearing hair extensions are that they add extra length, fullness, glossy look and many other attractive features to existing hair as per requirement thereby highlighting them. There are many advantages of using a wig such as there is no requirement of experiments on real hair, do not have to worry about the length of hair and less harm to natural hair.

The global wig market is majorly driven by increasing population across the globe, modernization, and adoption of advanced lifestyle habits. Moreover, rising disposable income, being a great alternative for hair restoring procedures, growing demand for embellishment and fashion mania in entertainment industry propels the wig market growth at exponential speed. Wigs are used in theaters, films, and television more often. Besides individuals suffering from some sort of medical condition such as hair loss or going through chemotherapy for cancer make use of wigs on daily basis. This growing demand for the wig from end-use customers boosts the wig market. In addition, manufacturers spending on R&D and concentrating on improving processing technology, manufacturing capabilities, and productivity without compromising on quality lead the market to grow further. On the other hand, introduction of better alternatives for wig might affect the growth of the market. Other factors proving as a deterrent to the market growth include damage caused by wigs owing to frequent use, a need for extreme care and time-consuming procedures.

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Segmentation
The global wig market has been segmented majorly on the basis of type and end user.
On the basis of type, the market is segmented into: covered hair wig, hair extension, and others.
Based on the end user, the market is segmented into: men and women.

Regional Analysis
Regionally, the global wig market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North American wig market is supported by high demand from end-use customers, growing trend of fashion sense and high disposable income. Europe and Asia-Pacific market will grow significantly with factors attributing such as expanding television, theaters and film industry and growing consciousness and concerns regarding beautification. Rebecca fashion based in China now has the worldwide sales braches in U.K., Nigeria, Brazil and South Africa. The company has invested heavily into R&D to keep up with changing trends all over the world. Rebecca currently manufactures 20 brands of weaves & wigs and supply to more than 40 countries. Along with China, South Korea is also at high end producers of wig owing to less labor cost. In LAMEA Africa has highest demand for wig products as the culture is different. As African woman desires to be beautiful the market for wig is interesting and passionate.

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Key Market Players
Anhui Fortune Fashion Culture Co., Ltd., Henan Ruimei Hair Products Co., Ltd., JRX Hair Products Company, Moonwish, Qingdao Jifa Imp&Exp Co. LTD, Rebecca, Shake-N-Go Fashion, Inc., WIGS – Qingdao Seaforest Hair Products Co., Ltd, Xuchang Dadi Industries Co., Ltd., Yuzhou Shenlong Hair Products Co., Ltd.

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