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Global Hair Weave Market to Grow at 8% During 2021-2026, Augmented by Rising Instances of Pre-Mature Baldness

Published on Aug 18, 2021

According to the latest report by IMARC Group, titled “Hair Weave Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global hair weave market exhibited strong growth during 2015-2020. 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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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 8% during the forecast period (2021-2026).

Market Summary:

  • Based on the material, human hair holds the largest market share, followed by synthetic hair.
  • On the basis of the distribution channel, offline stores account for the majority of the total market share, followed by online stores.
  • Based on gender, the female segment dominates the market, followed by the male segment.
  • 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); Middle East and Africa (the United States of Emirates, Saudi Arabia, Iran, Turkey, South Africa, and others); and others.
  • The competitive landscape of the market has been examined, along with the profiles of key players.
     

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