According to the latest report by IMARC Group, titled “Hair Weave Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global hair weave market size reached US$ 2.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2027, exhibiting a growth rate (CAGR) of 5.0% during 2022-2027.
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.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Hair Weave Market Trends:
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.
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Global Hair Weave Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis on region, material, distribution channel, gender, texture, grade
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 (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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