Press release
Hair Extensions Market Landscape 2025: Forecast Data and Growth Strategy Insights
Hair Extensions
What Is the Expected CAGR for the Hair Extensions Market Through 2025?
The market size for hair extensions has seen robust growth lately. It is projected to inflate from $3.9 billion in 2024 to $4.17 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.7%. Factors contributing to the growth during the historic period include fashion and beauty trends, celebrity influences and endorsements, diversity in culture and style preferences, nuptials and special occasions, as well as cosplay and artistic expression.
What's the Projected Size of the Global Hair Extensions Market by 2029?
Predictions regarding the expansion of the hair extensions market are quite positive, with robust growth anticipated in the coming years. The market value is projected to reach $5.44 billion by 2029, registering a Compound Annual Growth Rate (CAGR) of 6.9%. Numerous factors such as increasing understanding and attention to beauty and grooming, the impact of social media and influencers, the novelty in hair extension designs, widened acceptance within the professional environment, and the flourishing wedding and event sector contribute to this growth. Forecast trends consist of a focus on flawless and unnoticeable installations, an emphasis on educational and training initiatives, product diversity and inclusiveness, virtual try-on technology integration, dominance of e-commerce, and direct-to-consumer sales.
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Top Growth Drivers in the Hair Extensions Industry: What's Accelerating the Market?
The growth of the hair extensions market is expected to accelerate due to the rising incidents of hair-related problems. Those issues regarding hair health, looks, and growth, including hair loss, stress-induced shedding, scalp conditions, greasiness, split ends, breakage, hair thinning, and damage resulting from chemical treatments such as dye allergies or exposure to heat are important. Hair extensions offer a quick and varied solution to achieve preferred hair aesthetics, addressing both fashion accessory and personal needs. As an example, a study by Medihair GmbH, a company specialized in hair loss treatments in Germany, found that by July 2023, around 85% of men and 33% of women experience hair loss, with roughly 35 million men and 21 million women suffering from this condition globally in 2023. Moreover, in February 2021, the National Health Service (NHS) in the UK estimated that nearly 40% of women 70 years or older develop female-pattern baldness, and 8 million women in the UK start to lose hair by 50. Thus, these escalating hair-related issues will serve as a catalyst for the growth of the hair extensions market. Hair Extensions Market Driver: Upward Trend of Beauty Consciousness Fuels the Progress of the Hair Extensions Market
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What Trends Will Shape the Hair Extensions Market Through 2029 and Beyond?
Leading businesses in the hair extension industry are working on innovative solutions, such as applications powered by Artificial Intelligence (AI), to enhance their market revenue. These AI-enabled applications leverage AI technology to allow users to experiment with various hairstyles, find hair extensions matching their natural hair, and more. For example, Hair Originals, a hair extensions and products manufacturer from India, unveiled Magic Mirror in October 2022. This AI-powered application is targeted at end customers, hair salons, and hair stylists. Compatible with iOS and Android, the app aims to cultivate a community focused on hair extension products and services. Its objective is to deliver value by providing tips on using hair extension products, raising awareness about the process, and providing potential customers with advice and tools to locate certified hair stylists. Hair professionals who join the platform will be given a venue to showcase their skills and forge relationships with salons, potential customers, and fellow stylists.
What Are the Main Segments in the Hair Extensions Market?
The hair extensions market covered in this report is segmented -
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, Super markets, E-Commerce
4) By End-User: Professional, Personal
Subsegments:
1) By Synthetic Hair Extensions: Kanekalon Extensions, Toyokalon Extensions, Other Synthetic Materials
2) By Human Hair Extensions: Remy Hair Extensions, Non-Remy Hair Extensions, Virgin Hair Extensions
3) By Animal Hair Extensions: Horse Hair Extensions, Yak Hair Extensions, Other Animal Hair Extensions
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Which Top Companies are Driving Growth in the Hair Extensions Market?
Major companies operating in the hair extensions market report are 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
Which Regions Will Dominate the Hair Extensions Market Through 2029?
North America was the largest region in the hair extensions market in 2024. The regions covered in the hair extensions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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