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Elevated Focus On Aesthetics Boosts Hair Accessories Market: A Key Factor Shaping the Future of the Hair Accessories Market in 2025
Hair Accessories Market
The rise in consumer attention to appearance and aesthetics is anticipated to boost the hair accessories market's expansion in the future. Hair plays a vital role in improving one's looks, with well-maintained, shiny, and well-styled hair augmenting an individual's overall appeal. This has led people to invest more in their hair care - experimenting with different hairstyles and adornments - in an attempt to appear more attractive, thereby fueling the need for hair care commodities. As per The Allergan Future of Aesthetics Global Trends Report of 2022, it was disclosed that there is an 81% increase in consumers who are more open to non-invasive aesthetic procedures than in the past. Hence, the ascendency of consumer interest in appearance and aesthetics is steering the surge in demand for the hair accessories market.
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What is the projected compound annual growth rate (CAGR) of the hair accessories market from 2025 to 2034, and what factors influence it?
The market for hair accessories has experienced swift expansion in the past few years. The prediction for its growth is from a substantial $28.1 billion in 2024 to a staggering $31.81 billion in 2025, with a 13.2% compound annual growth rate (CAGR). The historic development can be attributed to factors such as the prevalence of sophisticated hairstyles, the cultural and social importance of hair decorations, the fashion trend's impact on hair accessory styles, increase in disposable income and expenditure on personal grooming, and traditional rituals and ceremonies that involve the usage of hair accessories.
In the forthcoming years, the hair accessories market is predicted to experience swift growth, escalating to $52.92 billion in 2029 with a 13.6% compound annual growth rate (CAGR). This anticipated progression in the forecast period is due to factors such as the use of sustainable and eco-friendly materials, increased demand for bespoke and personalized hair accessories, e-commerce growth and online sales channels, social media and influencer marketing driving hair accessory trends, and an increase in the gems population. Highlights of the forecast period trends encompass the technological advancement of smart hair accessories, the revival of vintage and retro hair accessory styles, innovative design and material inclusion, focus on multi-purpose and adaptable hair accessories, and partnerships between fashion brands and hair accessory designers.
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How are the latest trends influencing the growth of the hair accessories market?
Emerging product innovations are a significant trend gaining traction in the hair accessories market. Major firms in this sector are concentrating on creating innovative new products to boost their market share. For instance, Diva Divine Hair, a premium Indian retailer specializing in hair extensions, launched an inexpensive yet high-quality range of clip-in hair extensions, hair toppers, wigs, and other hair accessories in July 2022. The line features products composed of 100% natural human hair, including easy-to-use clip-in extensions that instantly add length and volume to the hair. Hair toppers come in a variety of shapes and sizes, while the wig collection offers an easy application process and a natural appearance.
What are the major segments of the hair accessories market and their role in driving growth?
The hair accessories market covered in this report is segmented -
1) By Product Type: Clips And Pins, Headbands, Wigs And Extensions, Elastics And Ties, Other Products
2) By Distribution: Hyper markets And Super markets, General Stores, Online Or E-Commerce
3) By Application: Personal Application, Commercial Application
Subsegments:
1) By Clips And Pins: Hair Clips, Bobby Pins, Hair Barrettes
2) By Headbands: Fabric Headbands, Plastic Headbands, Sport Headbands
3) By Wigs And Extensions: Synthetic Wigs, Human Hair Wigs, Clip-In Extensions, Tape-In Extensions
4) By Elastics And Ties: Hair Ties, Scrunchies, Rubber Bands
5) By Other Products: Hair Combs, Hair Sticks, Hair Bands
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Which regions are key players in the growth of the hair accessories market?
North America was the largest region in the hair accessories market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hair accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the hair accessories market?
Major companies operating in the hair accessories market include Hairline Illusions LLC, Henry Margu Inc., Goody Products Inc., Diana Enterprise Inc., Conair Corporation, J & D Beauty Products Inc., Fromm Holding AG, Annie International Inc., Silke London Ltd., Hair Drama Company, Bunzee Bands, Riot Accessories Ltd., SwirlyCurly LLC, Good Hair Days, Jennifer Behr LLC, Lele Sadoughi LLC, PuffCuff LLC, Dongguan Yuanshan Webbing & Accessories Co. Ltd., Sta-Rite Ginnie Lou Inc., Novita Hair accessories, Evita Peroni International A/S, Claires Holdings LLC, Wigsroyal Hair Products, Vivica A. Fox Hair Collection, Bumble and Bumble LLC, Drybar LLC, Aveda Corporation, John Paul Mitchell Systems, Kenra Professional LLC, Henkel Corporation, Schwarzkopf Professional
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What Is Covered In The Hair Accessories Global Market Report?
•Market Size Forecast: Examine the hair accessories market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hair accessories market for a structured understanding.
•Key Players Overview: Analyze major players in the hair accessories market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hair accessories market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hair accessories market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hair accessories market.
•Industry Challenges: Identify potential risks and obstacles affecting the hair accessories market.
•Competitive Landscape: Review strategic developments in the hair accessories market, including expansions, agreements, and new product launches.
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