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Hair Extensions Market Report 2024 |Examining Key Drivers, Challenges, and Future Projections By 2024-2033

01-22-2024 07:52 AM CET | Fashion, Lifestyle, Trends

Press release from: The Business research company

Hair Extensions

Hair Extensions

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Hair Extensions Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The hair extensions market size has grown strongly in recent years. It will grow from $3.62 billion in 2023 to $3.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to fashion and beauty trends, celebrity endorsements and influence, cultural diversity and style preferences, weddings and special events, cosplay and creative expression..

The hair extensions market size is expected to see strong growth in the next few years. It will grow to $5.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising beauty and grooming awareness, influence of social media and influencers, innovation in hair extension styles, increased acceptance in professional settings, growing wedding and event industry.. Major trends in the forecast period include focus on seamless and undetectable installations, emphasis on education and training programs, diversity and inclusivity in product offerings, integration of virtual try-on technologies, e-commerce dominance and direct-to-consumer sales..

Request for free sample report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=13134&type=smp

Key Market Players:

Beauty Industry Group Inc., Evergreen Products Group Limited, Shake-N-Go Inc., BELLAMI Hair LLC, Balmain Hair Couture, Donna Bella Inc., Hairdreams Haarhandels GmbH, Mayvenn Hair, Perfect Locks LLC, Racoon International, SalonLabs Exports India Pvt Limited, Jon Renau, Locks & Bonds, Easihair pro USA, SO. CAP. USA, Hairlocs International Inc., Femme Hair Extensions, Klix Hair Extension, Cinderella Hair Extensions, Hairlux, The Gorgeous Hair, Great Lengths S.p.A Societa Benefit, Viva Femina Inc., Frika Hair Pty Ltd., Hidden Crown Hair Extension, SalonLabs Exports India Pvt Limited are prominent players in the industry.

Market Drivers:

The increasing prevalence of hair-related issues is expected to propel the growth of the hair extensions market going forward. Hair-related problems refer to various conditions that affect hair's health, appearance, and development. It includes hair loss, stress-related shedding, scalp conditions, oiliness, split ends, breakage, hair thinning, and chemical treatments like dye allergies or heat exposure damage. Hair extensions provide a rapid and varied option to attain desired hair aesthetics, catering to fashion accessories and personal demands. For instance, in July 2023, according to a study produced by Medihair GmbH, a Germany-based enterprise for hair loss treatments, over 85% of men and 33% of women experience hair loss, with approximately 35 million men and 21 million women experiencing hair loss globally in 2023. Furthermore, in February 2021, according to the National Health Service (NHS), a UK-based health institution, it is anticipated that roughly 40% of women aged 70 years or older develop female-pattern baldness, and 8 million women in the UK experience hair loss by the age of 50. Therefore, the increasing prevalence of hair-related issues will drive the hair extensions market.

Market Segments Include:
1) By Type: Synthetic Hair Extensions, Human Hair Extensions, Animal Hair Extensions
2) By Fitting Type: Clip-In, Micro Link, Tape-In, Glue-In
3) By Distribution Channel: Retail Stores, Supermarkets, E-Commerce
4) By End-User: Professional, Personal

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/hair-extensions-global-market-report

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