Hair Extensions Market growth rate of 4.5% CAGR till 2024: Great Lengths Universal Hair Extensions SRL, Esqido, Cinderella Hair Extension, Hairlocs

The large-scale prevalence of receding hairline and alopecia has boosted the demand for the global hair-extension market which is expected to grow at a moderate pace during the predicted years (2020-2024) Hair extension is a form of cosmetic product which alters the look of natural hair via making the same appear layered, thicker, longer or in a different style.

Thanks to technological advancements due to which these days women no longer require to patiently wait for their hair to grow. The modern-day hair extensions are of superior quality and available in different lengths thereby helping women in adding instant length as per their need. Females with fine, thin hair are making the most of these hair extensions as it helps them add volume to their hair thereby making it appear thick right from the roots to the tips. In fact, from top knots to ponytails the possibilities in hair extensions are truly endless. It is also an ideal means of adding highlights or chemical-free color devoid of causing damage to the natural hair.

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Some of the market trends and factors in this market as per an analysis conducted by Market Research Future (MRFR) include high costs of hair transplants and wigs, easy availability, little maintenance, impact of celebrity culture, increasing demand for beard hair extension, increasing urbanization, influence from the entertainment industry and beauty standards set by the different social media platforms. All these factors are offering an impetus to the growth of the hair-extension market. On the flip side, the complicated manufacturing process is likely to hamper the growth of the market.

Market Segmentation

Market Research Future report provides a comprehensive segmental analysis of the global hair extension market on the basis of type and application.

Based on type, the market is segmented into human hair extensions and synthetic hair extensions. Of these, human hair extensions had a maximum market share owing to the rising use of human hair extensions by state and army officers in the UK, US and Europe.

Based on application, it is segmented into female and male. Of these, women are accounted to hold the utmost share.

Regional Analysis

Based on region, the global hair extension market cover growth opportunities and latest trends across North America, Asia Pacific, Europe Rest of the World. Of these, North America leads the market and is expected to retain its position over the predicted years owing to the growing demand for hair extensions amid African-American teenagers and product innovations made. Europe is likely to remain a profitable market for hair extensions during the predicted years owing to celebrity culture which prevails here, increased celebrity endorsements and leading celebrities speaking in favor of hair extensions. Asia Pacific is thriving significantly because it covers leading human hair exporters for manufacturing hair extensions. Besides, the mushrooming demand from the region's fast-developing economies along with rising disposable income is predicted to open new avenues of growth prospects for market participants. To add to this, factors such as frequency of hair loss issues, receding hairline and high costs of hair transplant are likely to fuel higher demand for hair extension further within the region. The Rest of the World meanwhile exhibits better growth opportunities.

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Key Players

Leading players profiled in the global hair extension market include Evergreen Products Group, Rebecca, Meishang, Xuchang Haoyuan, Xuchang Penghui, Anhui Jinruixiang, Godrejcp, Locks & Bonds, Femme Hair Extension, VivaFemina, FN LONGLOCKS, Racoon, UltraTress, Klix Hair Extension, Hairlocs, Cindrella, Hair Dreams, Donna Bella, Socap, Easihair, Balmain and Great Lengths.

Industry Updates/Innovation/News:

Aug 2018- Butta Baby Hair Transports is all set to launch its first ever hair extension vending machine that will be placed ahead Goodfellaz Barber Shop. This machine will dispense superior quality Elise Camille Curl and Pure Cambodian Wave virgin hair textures along with lace frontals and closures. It has been created for addressing the need of the salon owners for maintaining a sufficient inventory of various hair extension products. This vending machine will accept cash as well as credit/debit cards.

June 2018- Indique Hair of late has partnered with Myavana, leading beauty technology company which specializes in the science of healthy hair-care. This company uses high powered microscopes and nanotechnology for analyzing individual hair strands. They jointly launched a platform, Indique ID that makes hair-care plans that are absolutely personalized for people on the lookout for hair maintenance underneath the pieces.

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This release was published on openPR.