Hair Accessories Market is Booming at a Highest CAGR of 15.29% With scünci, jdbeautydesign.com, Goody Products, Inc., Claire's Accessories, Diana Enterprise USA, HAIRLINE ILLUSIONS, LLC
Hair Accessories Market is expected to register a healthy CAGR of 15.29% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the presence of these products on various e-commerce sites helping reach a wider consumer base. Some of the major competitors currently working in the global hair accessories market are scünci; jdbeautydesign.com; Goody Products, Inc.; Claire's Accessories; Diana Enterprise USA; HAIRLINE ILLUSIONS, LLC, etc.
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Hair accessories are generally beauty products that are integrated on hair and used as an addition to enhance the aesthetic appeal of individuals. These accessories also involve products that can be used for the requirement of lower maintenance and better protection of the hair of individuals. Although, these accessories are generally available as fashion statements.
The focus of the population on maintaining their hair and enhancing the aesthetic appeal is expected to propel the growth of the market
The increasing presence of various fashion sites and blogs providing the awareness amongst the population related to latest trends and promoting the latest products is expected to drive the market growth
Rising volume of individuals subscribing to fashion sites, blogs and magazines to update themselves of the latest fashion trends which are enhancing the adoption of products globally
Availability of various hair products in the market such as ornamental pins, bands, and clips on the e-commerce website also augments this market growth
Prevalence of various counterfeit products that are deemed unauthentic by the manufacturers is expected to hinder the growth of the market
Continued usage of clip-on hair accessories such as hair extensions results in damage to the natural growth of hair; this factor is expected to act as a restraint in this market growth
Segmentation: Global Hair Accessories Market
Clips & Pins
Wigs & Extensions
Elastics & Ties
By Distribution Channel
Supermarkets & Hypermarkets
Multi-Branded Retail Stores
Middle East and Africa
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Key Developments in the Market:
In July 2019, Glossier announced the launch of “GlossiWEAR” their newest range of hair accessories products and clothing products. The product range is a limited edition and is available under the price range of 8-42 pounds. The products include hair accessories, sweatshirts, hoodies, bags and various other products
In October 2018, Scünci announced that it had launched a collection of hair accessories in collaboration with Julie Sariñana consisting of forty-pieces and in the price range of USD 4-10. The products have been based on the influencer’s own childhood experiences and have been developed with the expertise of Scünci for faux leather and velvet products along with Julie’s own experiences throughout her life
The Global hair accessories market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hair accessories market for Global, Europe, North America, Asia-Pacific, South America, and the Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global hair accessories market are scünci; jdbeautydesign.com; Goody Products, Inc.; Claire's Accessories; Diana Enterprise USA; HAIRLINE ILLUSIONS, LLC; Sta-Rite Ginnie Lou, Inc.; Hairlocs; RUIMEI HAIR PRODUCTS CO.,LTD.; SHIAMAS LIMITED; Goriki Kogyo Co., Ltd.; E-Novita; Lion Ribbon; Good Hair Days Inc.; The Hair Bow Company; Henry Margu, Inc.; Amekor Industries; ORADELL INTERNATIONAL CORP among others.
Table of Contents:
Global, By Component
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