Hair Extensions Market To Surpass $4.99 Billion By 2032, Driven By Rising Product Availability | Future Market Insights, Inc. – GlobeNewswire | Region & Cash

DUBAI, UAE, July 24, 2022 (GLOBE NEWSWIRE) — The global hair extensions market was valued at US$2.38 billion in 2021, according to a recent report by FMI. The market is projected to reach a value of US$2.38 billion to US$4.99 billion by 2032, showing a modest CAGR of 5.3% for the forecast period 2022-2032. Rapid lifestyle changes coupled with increasing product availability are likely to boost the market over the forecast period.

Rapid lifestyle changes, preference for longer, thicker hair and increasing product availability are all contributing to the increasing demand for hair extensions. The presence of side effects in hair transplant procedures and in hair restoration drugs continues to drive the hair extensions market. The hair extensions market is also being fueled by an increase in consumer spending on appearance and personality enhancing products. Rising popularity of personal care products and increased spending on the same will account for the market growth during the assessment period.

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Rising disposable incomes in emerging economies such as Brazil, India and Argentina are likely to boost sales of hair extensions over the forecast period. Furthermore, marketing and promotional strategies focused on or based on consumer purchasing trends are expected to impact the global hair extensions market.

“An increase in product availability along with side effects associated with hair transplant procedures will increase sales of hair extensions in the market over the forecast period,” said an FMI analyst.

The central theses:

  • The launch of new hair extension products with multiple functions is expected to complement the market growth over the forecast period.
  • Increasing expenses for care will be responsible for the market expansion.
  • North America shows significant growth potential in the market.
  • Rising e-commerce is driving the Asia-Pacific market to grow.
  • The European hair extensions market will see significant growth due to changing consumer behavior.
  • Rising disposable incomes in countries like India, China, Brazil and Argentina will positively impact the market over the forecast period.

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competitive landscape

BELLAMI Hair, Godrej, Great Lengths, Klix Hair Extension, Evergreen Products Group Limited, Great Lengths, Balmain Paris Hair Couture, Beauty Industry Group Qingdao Organic Hair Ltd., Hair Dreams, Hidden Crown, Hair Addictionz, Femme Hair Extension, Hairlocs, Easihair , Socap and Cinderella Hair among others are some of the major organizations operating in the hair extensions market that are featured in the full version of the report.

Major players in the hair extensions market are using tactics like merger and acquisition to achieve market expansion. They invest in research and development to improve their product portfolios and gain a competitive advantage.

More insights on Hair Extensions market report

In its latest report, FMI provides an unbiased analysis of the global hair extensions market with historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. In order to understand the global market potential, growth and reach, the market is segmented based on customization type , sales type, sales channel and region.

Hair Extensions Market Regional Analysis

According to the latest report from FMI, North America is expected to lead the global hair extensions market. This is possible due to the presence of a large number of hair extension manufacturers and organizations. Rising disposable incomes and accelerating urbanization in Latin America will improve the market prospects in this region for the forecast period.

Rising e-commerce is likely to drive the hair extensions market in Asia Pacific. An increase in disposable incomes in emerging markets such as India and China will contribute to market growth. Additionally, regions like the Middle East and Africa will see a market boost due to increased consumer spending on personal care products.

Rapid changes in consumer behavior will have a positive impact on the European hair extensions market.

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Table of Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand-side trends

1.3. Supply-side trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Restrictions

3. Market background

3.1. market dynamics

3.1.1. driver

3.1.2. limitations

3.1.3. opportunity

3.1.4. tendencies

3.2. scenario forecast

3.2.1. demand in the optimistic scenario

3.2.2. demand in the probable scenario

3.2.3. Demand in the conservative scenario

3.3. Opportunity Map Analysis

3.4. Investment feasibility matrix

3.5. PESTLE and Porter’s analysis

3.6. regulatory landscape

3.6.1. By key regions

3.6.2. By key countries

Read more table of contents

About FMI – Consumer Goods

The Consumer Product Unit at FMI provides a clear and accurate analysis of the global consumer products industry. This comprehensive research ranges from material type, category type, product types, retail and distribution of consumer products to supply-demand trade assessment and relevant advances in the industry. Our research studies serve as reference market guidelines for consumer product manufacturers, distributors and government agencies for the development of “The Way Forward”.

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