Hair Extension is a Cosmetic Treatment Where the Natural Hairline and Hair Thickness is Altered to Enhance the Look of the Person. The Global Hair Extension Market is Estimated to Grow at a Moderate Pace During the Forecast Period of 2018-2023.
Global Hair Extension Market Overview:
Hair Extension this growth is attributable to the large-scale prevalence of receding hairline and alopecia across the globe. Technological advancements have allowed women to have longer hair without having to wait for their natural hair to grow out. This aspect has bolstered the demand for hair extensions for temporary long hair looks, especially among the female populace. Modern day hair extensions are superior in quality and are available in almost all desired lengths, helping women add instant length and volume to their natural hair.
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Furthermore, higher costs of hair transplants and wigs, easier availability, and easier maintenance are factors pushing the growth in the global hair extension market. Also, impact of the celebrity culture, increasing demand for beard hair extension, proliferating urbanization, and the rising influence from the entertainment and beauty industries are also fueling the demand for hair extensions throughout the assessment period. However, the complicated manufacturing process is likely to hamper the growth of the global hair extension market.
The global hair extensions market has been studied for the presence of numerous notable market players. Some of these market players profiled in the report by MRFR include Evergreen Products Group, Rebecca, Meishang, Xuchang Haoyuan, Xuchang Penghui, Anhui Jinruixiang, Godrejcp, Locks & Bonds, Femme Hair Extension, VivaFemina, FN LONGLOCKS, Racoon, UltraTress, Klix Hair Extension, Hairlocs, Cindrella, Hair Dreams, Donna Bella, Socap, Easihair, Balmain and Great Lengths.
The global hair extension market is studied for the segmentation carried out on the basis of type, application, and region. Based on type, the global hair extension market is segmented into synthetic hair extensions and human hair extensions. Among these the human hair extensions segment is anticipated to hold the dominance over the market through the review period. The human hair extensions segment is likely to do so because of the rising use of human hair extensions by the state and army officers in the UK, US, and Europe. On the basis of application, the global human extension market is studied for the segments of female and male. The female segment is estimated to be the frontrunner and hold the biggest market share for hair extensions.
Detailed Regional Analysis:
The global hair extension market is geographically segmented into North America, Asia Pacific, Europe, and Rest of the World. Among these segments, North America is estimated to maintain its dominant hold over the global hair extension market through the forecast period. This dominance is attributable to the growing demand for hair extensions among the African American teenager community. Also, product innovations made in the hair extension industry is likely to gain momentum and drive the regional market to a great extent.
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Europe is anticipated to pose as a profitable market for hair extensions during the forecast period. The regional market is likely to be driven by the celebrity culture which prevails in Europe. Increased celebrity endorsements are driving heavy demand from the young population in the region towards the adoption of hair extensions. Further, celebrities speaking in favor hair extensions is urging people to try out hair extensions for themselves.
Asia Pacific is estimated to thrive substantially in the hair extension market through the assessment period. This is because the APAC region covers the leading human hair exporters for the manufacturing of hair extensions. Apart from that, mounting demand for hair extensions from several developing economies residing in the region is creating many significant growth and expansion opportunities for market players. Additionally, rising frequency of hair loss, receding hairline and higher costs of other hair treatments are also estimated to contribute to the heavy demand for hair extensions.
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