The hair extension market was valued at US$ 3,561.7 million in 2020 and is projected to reach US$ 4,929.13 million by 2028; it is expected to grow at a CAGR of 4.1% from 2021 to 2028.
Hair extensions help in adding length and volume to the natural human hair. Rising demand for self-grooming products and increasing per capita disposable income propel the growth of the global hair extensions market. However, unethical practices adopted in the hair industry hinder the market growth.
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- GREAT LENGTHS UNIVERSAL HAIR EXTENSIONS S.p.A.
- Balmain Paris Hair Couture
- easihair pro
- Klix Hair Extensions
- Locks & Bonds
- Anhui Jinruixiang Hair Products Co., Ltd.
- Evergreen Products Group Limited
- Cinderella Hair Extension
- Barclaywolf Hair Extensions
Impact of COVID-19 Pandemic on Hair Extension Market: The COVID-19 outbreak is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The personal care and consumer goods are among the significant industries suffering from severe disruptions such as restrictions on supply chain and shutdown of production plants. Asian countries are the global hub of personal care and consumer goods, and they are among the largest raw material suppliers for various industries. The shutdown of various plants and factories in these countries is disrupting the global supply chains and negatively impacting the manufacturing activities, delivery schedules, and various goods sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaboration and partnership opportunities. Thus, these factors are restraining the growth of the personal care and consumer goods industry, and other markets related to this industry.
Increase in Disposable Income and Change in Living Standards of Middle-Class Population Fuel Hair Extension Market Growth:
The global middle-class population, which is the next potential consumer segment for the personal care and cosmetic industry, has surged significantly. With the increase in per capita disposable income among the middle-class population, their shopping behavior and living standards are changing rapidly. In the current market scenario, the number of consumers visiting branded salons is greater than ever before, owing to their proactive search for branded products, including hair care and skincare products. Such consumers are often the main targets for consumer-focused businesses on account of their discretionary spending power. However, for reaching out to middle-income consumers, organizations need a deep understanding of their income and expenditure levels and their values and spending priorities. While these vary considerably among the emerging and developed countries, middle-class individual in the developing economies can be extremely diverse.
Analysis tools such as SWOT analysis and Porter’s five force model have been inculcated in order to present a perfect in-depth knowledge about Hair Extension Makers Market. Ample graphs, tables, charts are added to help have an accurate understanding of this market. The Hair Extension Makers Market is also been analyzed in terms of value chain analysis and regulatory analysis.
The Table of Content for Hair Extension MakersMarket research study includes:
- Key Takeaways
- Research Methodology
- Hair Extension Market Landscape
- Hair Extension Market – Key Market Dynamics
- Hair Extension Market – Global Market Analysis
- Hair Extension Market – Revenue And Forecasts to 2028 – Type
- Hair Extension Market – Revenue And Forecasts to 2028 – Type of Product
- Hair Extension Market – Revenue And Forecasts to 2028 – Service
- Hair Extension Market Revenue And Forecasts to 2028 – Geographical Analysis
- Impact of Covid-19 Pandemic on Global Hair Extension Makers Market
- Industry Landscape
- Hair Extension Market, Key Company Profiles
- List of Tables
- List of Figures
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