IMARC Group, a leading market research company, has recently releases report titledHair Weave Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028The study provides a detailed analysis of the industry, including the global hair weave market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the hair weave market?
The global hair weave market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
What is a hair weave?
A hair weave represents an artificial hairpiece attached to the natural hair of the wearer by fusing, gluing, interweaving, or blending. It can either be created from real human hair or can be produced synthetically by man-made blended fibers. A hair weave is of various types, such as fusion, clip, glue, sew, etc. It can aid in adding volume, texture, length, and color to the natural hair. In addition, a hair weave is also used in camouflaging baldness, hair thinning, and catering to several beauty and grooming needs. As a result, these hairpieces are extensively utilized by men and women across the globe.
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What are the growth prospects and trends in the hair weave industry?
The rising consumer consciousness towards physical appearance, the escalating need for camouflaging baldness, the high demand for non-surgical treatment of follicle loss, and the emergence of e-commerce platforms are among the primary factors driving the hair weave market. Besides this, the increased prevalence of stressful and hectic lifestyles is resulting in excessive falls, baldness, and thinning, which is further augmenting the market growth. Moreover, pre-mature baldness among young men and the changing consumer preferences towards hair weaves, on account of their high density, natural look, cost-effectiveness, and wide availability in the desired style, color, and texture, are also catalyzing the global market. Apart from this, the increasing consumer living standards and the inflating disposable income levels have boosted the per capita expense on personal grooming products, which are acting as significant growth-inducing factors. Additionally, the launch of newer and innovative product variants by the leading manufacturers is also stimulating the market growth. Furthermore, the growing acceptance of follicle extensions by global celebrities and the rising influence of beauty trends prevalent across social media platforms are anticipated to propel the hair weave market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Material:
- Human Hair
- Synthetic Hair
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Gender:
- Male
- Female
Breakup by Texture:
- Brazilian Hair
- Malaysian Hair
- Indian Hair
- Peruvian Hair
- Others
Breakup by Grade:
- Non-Remy Hair
- Remy Hair
- Virgin Hair
Breakup by Region:
- North America (U.S. Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East Africa
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