Global Hair Weave Market to Grow at 3.9% During 2024-2032, Augmented by Rising Instances of Pre-Mature Baldness

August 18, 2021 | Retail

According to the latest report by IMARC Group, titled “Hair Weave Market Report by Material (Human Hair, Synthetic Hair), Distribution Channel (Offline, Online), Gender (Male, Female), Texture (Brazilian Hair, Malaysian Hair, Indian Hair, Peruvian Hair, and Others), Grade (Non-Remy Hair, Remy Hair, Virgin Hair), and Region 2024-2032,” the global hair weave market reached a value of US$ 2.7 Billion in 2023. A hair weave is an artificial hair extension that is attached to the natural hair of the wearer. It is low maintenance and adds length, volume, texture, and color to the hair. It is mainly utilized by individuals facing issues like hair thinning, patchiness, baldness, or slow hair growth. At present, hair weave is available in a variety of forms, including clip in hair, fusion hair, glue in hair, and sew in hair weave across the globe.

Global Hair Weave Market Trends:

There is a significant rise in the geriatric population around the world. This, along with increasing incidences of pre-mature baldness, represents one of the key factors catalyzing the demand for hair weaves worldwide. Apart from this, rising consciousness among individuals about physical appearances and the escalating demand for non-surgical hair loss and baldness treatments is positively influencing product sales. Furthermore, manufacturers are introducing natural-looking hair in numerous colors, styles, and textures. This, coupled with the easy availability of hair weaves on e-commerce platforms, is strengthening the market growth. Other major factors, including inflating disposable incomes and the strong influence of ongoing beauty trends on social media platforms, are propelling the market growth. Looking forward, IMARC Group expects the market to expand at a CAGR of 3.9% during the forecast period (2024-2032).

Market Summary:

  • Based on the material, synthetic hair holds the largest market share.
  • On the basis of the distribution channel, the market has been categorized into online and offline.
  • Based on gender, the female segment dominates the market.
  • On the basis of the texture, the market has been classified into Brazilian, Malaysian, Indian, Peruvian hair, and others.
  • Based on the grade, the market has been segmented into non-remy, remy, and virgin hair.
  • Region-wise, the market has been categorized into North America (the United States and Canada); Europe (the United Kingdom, Italy, France, Germany, Russia, Spain, and others); Asia Pacific (India, China, Japan, Indonesia, South Korea, Australia, and others); Latin America (Mexico, Brazil, and others); and Middle East and Africa (the United Arab Emirates, Saudi Arabia, Iran, Turkey, South Africa, and others)
  • The competitive landscape of the market has been examined, along with the profiles of key players.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Material, Distribution Channel, Gender, Texture, Grade, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Saudi Arabia, Iran, Turkey, United Arab Emirates, South Africa
Customization Scope 10% Free Customization
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Global Hair Weave Market to Grow at 3.9% During 2024-2032, Augmented by Rising Instances of Pre-Mature Baldness
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