Global Hair Accessories Market Major Players 2024, Forecast To 2033

The hair accessories market has experienced rapid growth, surging from $25.15 billion in 2023 to $28.62 billion in 2024, with a compound annual growth rate (CAGR) of 13.8%. This expansion is attributed to factors such as the popularity of elaborate hairstyles, the cultural and societal significance of hair adornment, the influence of fashion trends on hair accessory styles, increased disposable income, and spending on personal grooming. Traditional rituals and ceremonies involving the use of hair accessories also contribute to the market's historic growth. Forecasts indicate continued rapid growth, reaching $47.06 billion in 2028 with a CAGR of 13.2%. The projected growth in the forecast period is driven by the adoption of sustainable and eco-friendly materials, growing demand for customizable and personalized hair accessories, the expansion of e-commerce and online sales channels, influencer marketing, and social media shaping hair accessory trends. Key trends in the forecast period include the integration of technology in smart hair accessories, a resurgence of vintage and retro-inspired hair accessory styles, incorporation of innovative designs and materials, emphasis on multi-functional and versatile hair accessories, and collaborations between fashion brands and hair accessory designers.