The Global Human Hair Extension Market Size Was Valued At USD 3.71 Billion In 2022. The Market Is Projected To Grow From USD 4.06 Billion In 2022 To USD 7.63 Billion By 2030, Exhibiting A CAGR Of 9.44% During The Forecast Period.

Human Hair Extension Market Overview:

The sudden rise in CAGR is due to the market's demand and growth, which will go back to where they were before the pandemic.

Fashionistas care a lot about how they look and how they dress when they go to public events. So, people use high-tech hair integration products to make hairstyles that work for different occasions. Aside from this, the demand and supply of the product are boosted by changing fashion trends and more people trying out new hairstyles.

Today, both doctors and fashion experts recommend using hair products because they help hide split ends, keep hair thick, and colour wigs without hurting the health of the roots. For example, the Mayo Clinic, a health care centre in the United States, often tells its patients who are losing their hair to use fake wigs or hair extension tools to hide it.

Companies are having trouble meeting their channel partners in person and closing business deals because of lockdown restrictions in different countries around the world. This will have a big effect on how much money the companies make from their products. Also, things like the closing of barbershops and the lack of raw hair supplies because of the lockdown restrictions may have a big effect on how often people around the world buy products.

People prefer to stay inside, though, so they don't get sick with the coronavirus. This will make people more likely to take care of their appearance, hygiene, and beauty at home, which will increase the demand for these devices among people who live in their own homes. For example, from January 1, 2020, to May 18, 2020, the online store Paytm Mall, which is owned by One97 Communications, saw a 50% increase in sales of hair straighteners, extensions, beard shavers, and other styling products in the Indian market.

Market Dynamics:

Latest Trends:

Since Vietnamese hair is becoming more popular in North America, especially in the U.S., new suppliers of raw materials are likely to move into Asia. Most Vietnamese hair comes from villagers who live high up in the mountains, where the sun doesn't damage their hair. Vietnamese hair sellers usually get their hair from women between the ages of 18 and 25 so they can sell strong and healthy hair all over the world.

Vietnamese women have long hair that is straight, and they take good care of it. They don't use chemical-based shampoos or dye their hair very often. Most Vietnamese women wash and care for their hair with natural things like locust, rice water, herbs, and leaves. Companies that want to get into the industry can market Vietnamese hair by talking about how people there take care of their hair.

Driving Factors:

The American Hair Loss Association (AHLA) says that male pattern baldness (MPB) is a major hair problem around the world. About 25% of men with hereditary male pattern baldness lose their hair before they turn 21. The AHLA also says that 66% of men will have lost some hair by the time they are 35 and that their hair will have thinned before they are 50. According to a report from the U.S. Census Bureau that came out in 2017 and was updated in 2020, the number of people 65 and older will grow from 15% in 2016 to about 25% by 2060. As the world's population ages quickly, hair disorders are becoming more common in the U.S. and around the world. This will increase the demand for products in the coming years.

Remy hair extensions are thought to be the best quality human hair extensions on the market because their cuticles are still in place. India is a major source of Remy hair for many markets around the world. The fact that there are Indian businesses on international markets shows how popular Indian hair is. Indique Hair is the largest Indian company in the United States. It gets hair from Southeast Asian collectors and Indian temples and ships it to its offices in Boston, U.S. The company then sends its products to stores in the United States and to people who buy them online in Canada, Africa, and Western Europe.

Indian hair is strong and thick by nature, which makes it easy to work with and perfect for making high-quality products. Remy hair is usually gotten from religious sites, and it is often sold as "organic" or "ethically sourced" to make it more appealing to people all over the world. Since people are becoming more worried about the environmental effects of synthetic hair extensions, Remy hair, which has a reputation for being natural and organic, is likely to become more popular in the coming years.

Restraining Factors:

Wigs are the best alternative to hair extensions made from real hair. Recent changes to the market for human hair wigs show that alternatives to these extensions are becoming more popular around the world. For example, in June 2021, WEAVE, a new lifestyle brand based in California, broke into the wigs market by releasing a line of wigs made by Black women to help Black consumers feel better about themselves. Also, artificial materials are easier to find than their natural counterparts.

The International Society of Hair Restoration Surgery (ISHRS) says that in the U.S. and Canada in 2019, about 182,025 procedures were done. Also, the ISHRS thought that the global market for hair restoration would grow from USD 4.1 billion in 2016 to USD 4.6 billion in 2019. The American Academy of Dermatology (AAD) says that hair extensions should only be worn on special occasions because they can cause permanent hair loss by pulling on the hair. These kinds of suggestions can change how optimistic people are about hair extensions.

Segmentation Analysis:

By Type:

Based on the type, the market is divided into clip-in hair extensions, fusion and pre-bonded hair extensions, tape-in hair extensions, and others. Clip-ins are one of the most popular types of products around the world. Clip-in hair extensions are different from most other products because they can be taken out and put back on whenever the user wants. The fact that these extensions are easy to instal makes them more popular among users. Most of the time, tape-in hair extensions are lighter on the scalp than clip-in extensions. People are likely to be more interested in this type of product in the coming years because it looks more natural on the scalp.

In the coming years, "non-commitment" is likely to be the key word on the global market. From the user's point of view, not being committed means being able to change the style or colour of the product often. This could make sales go up for both tape-in and clip-in products. The idea of non-commitment also helps brands reduce the risk of competing products, since most people change their styles or colours by going to a salon instead of talking to a licenced cosmetologist, who is an expert in skincare, makeup, and beauty products.

By Application:

The market is divided into female and male categories based on how they are used. In 2021, the largest group turned out to be women. Even though most people who have hair loss problems are men, these extensions haven't caught on with men all over the world yet. This is mostly because most brands have traditionally marketed their products to women. In the coming years, hair extension brands will be able to profit from the male market in Hollywood, which is worth billions of dollars.

Most brands are made for female customers. Brands that want to stay competitive are marketing to African-American women. Several studies show that black people like to buy hair extensions and other hair products that are made just for them. Both well-known and new brands in different countries must have natural products for both men and women. Remy hair can be marketed to women, but products that protect the scalp of people who are balding or losing their hair can be marketed to men. These products can be marketed as a better and more stylish option than hats.

By Sales Channel:

The market is split into two groups based on how products are sold: online and offline. In the past few years, people in the industry have started new websites to improve their e-commerce presence. For example, SL Raw Virgin Hair, a U.S. company that sells hair extensions, released its first e-commerce app for iOS and Android devices in July 2021. Through the new app, the company made it possible for people all over the country to buy its products.

A big reason why the offline channel segment is growing is that more and more people prefer personalized services over virtual ones. Also, professional hairdressers and salons are the most common places where all kinds of human hair extensions are sold around the world. Consumers can learn about product and consumption trends through the offline distribution channel, and manufacturers can use this information to make new products.

Regional Insights:

In 2021, North America became the biggest market for hair extensions made from real human hair. In the U.S., hair extension companies usually only work with salons that have been around for a long time. This helps the brand's reputation. For example, Perfect Locks LLC, an American company that makes hair extensions and is based in California, only gives distribution opportunities to well-known businesses and salons. Also, the company makes sure that its distributors keep the Perfect Locks brand.

In the last few years, the U.S. has seen many changes in how products are distributed. For example, in March 2021, USA Hair, a well-known online store for beauty products in the United States, announced that they would be selling a wide range of hair products, including hair extensions. The new line of hair extensions comes in a wide range of colours to meet the needs of different types of customers. The online shop also said that from now until March 28, 2021, all of its products will be up to 17% cheaper. This strategic move (launching a new product) shows how fashion is becoming more important in the U.S. and how brands need to keep coming up with new products to stay competitive. Hair Visions International is a big distributor around the world.

Asia-Pacific is likely to see a lot of growth in the next few years. India sells raw materials and finished goods to western countries. It has a lot of natural hair suppliers, most of whom are in Chennai (Tamil Nadu). Shanmuga Hair Products India Pvt. Ltd is one of the biggest manufacturers and exporters of natural human hair. Every year, they send about a fifth of their hair products to the U.S. The company's biggest market is Italy, which is in Europe. The company sells its products with the help of Hair Luxury, a store in Europe. Depending on the quality of the hair, different data sources say that Hair Luxury can sell the product for about USD 2,000 per kilo. About 1,000 kg of hair are processed by hand every month at Shanmuga Hair Products India Pvt. Ltd. While the company sells weaves for about $500 per kilogramme, it sells hair extensions for about $900 per kilogramme on international markets.

Scope Analysis

Recent Development:

• In June 2021: Mayvenn Inc. opened its first retail shop on Fry Road in the Katy Area, Texas to offer its products to new customers, provide several services to its users and bridge the gap between customers and hairstylists.
• In July 2018 – Beauty Industry Group Inc., a Utah-based professional hair extensions company, collaborated with GAUGE CAPITAL, a Dallas-based private equity firm, to acquire the assets of HALOCOUTURE, a California-based hair extensions company.

Market Segmentation

By Type:

• Clip-in Hair Extension
• Fusion & Pre-Bonded Hair Extension
• Tape-in Hair Extension
• Others

By Application:

• Female
• Male

By Sales Channel:

• Online Channel
• Offline Channel

By Companies:

• GREAT LENGTHS (Italy)
• Balmain Hair Couture (France)
• Hairdreams Haarhandels GmbH (Austria)
• easihair pro (U.S.)
• Euro So. Cap Srl (Italy)
• Beauty Industry Group Inc. (U.S.)
• Cinderella Hair Extension (U.S.)
• Hairlocs (U.S.)
• KLIX HAIR, INC. (U.S.)
• UltraTress (U.S.)
• Racoon International (U.K.)
• Hair Addictionz (U.S.)
• N. LONGLOCKS (U.S.)
• Viva Femina, Inc. (U.S.)
• Femme Extensions (U.S.)
• Others