What are the Historical Developments and Current Growth Metrics of the Hair Extensions Market?
The hair extensions market has seen considerable growth due to a variety of factors.
• In the past few years, the hair extensions market has seen impressive growth. Its size is expected to increase from $3.9 billion in 2024 to $4.17 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.7%.
The surge observed in the historic period is due to various factors such as fashion and beauty trends, celebrity influence and endorsements, diverse cultural styles and preferences, special occasions like weddings, and cosplay and creative expression.
What is the Forecasted Market Size and CAGR for the Hair Extensions Market?
The hair extensions market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of hair extensions is anticipated to experience significant growth in the coming years, expanding to reach a value of $5.44 billion by 2029 with a compound annual growth rate (CAGR) of 6.9%.
This escalating growth projected in the forecast period is linked to the rise in beauty and grooming consciousness, impact of social media and influencers, novelty in hair extension designs, increased approval in professional environments, and the expanding wedding and event industry. Major trends foreseen during this forecast period are a focus on imperceptible and seamless installations, stress on educational and training programs, diversity and inclusivity in product provision, the use of virtual trial technologies, dominance of e-commerce, and direct sales to consumers.
What Key Factors and Trends Are Driving The Growth Hair Extensions Market?
The rising number of hair-related problems is projected to spur the expansion of the hair extensions market. These hair-related problems encompass numerous conditions that hinder hair health, growth, and appearance, including hair loss, stress-induced shedding, scalp issues, oiliness, split ends, breakage, hair thinning, as well as damage from chemical treatments such as dye allergies or damage from heat exposure. Hair extensions offer a quick and diverse solution to achieve the desired hair look, meeting fashion accessory and personal requirements. For example, research conducted by German hair loss treatments enterprise Medihair GmbH in July 2023, revealed that over 85% of men and 33% of women suffer from hair loss, translating to roughly 35 million men and 21 million women globally in 2023. The National Health Service (NHS), a UK health organization stated in February 2021, that it is predicted that around 40% of women aged 70 years or older will develop female-pattern baldness, and 8 million women in the UK will be affected by hair loss by the age of 50. Therefore, the escalating prevalence of hair-related problems will stimulate the hair extensions market.
Hair Extensions Market Driver: Increase in Beauty Consciousness Fuels the Hair Extensions Market Growth
What Are The Market Segments In The Hair Extensions Market?
The hair extensions market covered in this report is segmented –
1) By Type: Synthetic Hair Extensions, Human Hair Extensions, Animal Hair Extensions
2) By Fitting Type: Clip-In, Micro Link, Tape-In, Glue-In
3) By Distribution Channel: Retail Stores, Super markets, E-Commerce
4) By End-User: Professional, Personal
Subsegments:
1) By Synthetic Hair Extensions: Kanekalon Extensions, Toyokalon Extensions, Other Synthetic Materials
2) By Human Hair Extensions: Remy Hair Extensions, Non-Remy Hair Extensions, Virgin Hair Extensions
3) By Animal Hair Extensions: Horse Hair Extensions, Yak Hair Extensions, Other Animal Hair Extensions
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How Are Emerging Trends Reshaping The Dynamics Of The Hair Extensions Market?
Leading corporations within the hair extension market are centering their efforts on innovation of superior solutions such as AI-enabled applications, with an aim to bolster their market revenue. These AI-powered applications employ artificial intelligence to allow users to experiment with various hairstyles and find hair extensions that match their natural colour, among other features. For example, in October 2022, Hair Originals, a hair extensions and products manufacturer based in India, introduced Magic Mirror. This AI-integrated application is intended for end-users, salons and hairstylists, and is available for iOS and Android users. It aims to establish a community focused on hair extension products and services. The application is designed to deliver value by providing information on hair extension product application, increasing awareness about the process, and helping prospective customers with recommendations and resources to locate certified stylists. Consequently, enrolled professionals are provided with a platform to showcase their work and connect with potential clients, salons, and other hair stylists.
Who Are the Key Players In The Hair Extensions Market?
Major companies operating in the hair extensions market report are:
• Beauty Industry Group Inc.
• Evergreen Products Group Limited
• Shake-N-Go Inc.
• BELLAMI Hair LLC
• Balmain Hair Couture
• Donna Bella Inc.
• Hairdreams Haarhandels GmbH
• Mayvenn Hair
• Perfect Locks LLC
• Racoon International
• SalonLabs Exports India Pvt Limited
• Jon Renau
• Locks & Bonds
• Easihair pro USA
• SO. CAP. USA
• Hairlocs International Inc.
• Femme Hair Extensions
• Klix Hair Extension
• Cinderella Hair Extensions
• Hairlux
• The Gorgeous Hair
• Great Lengths S.p.A Societa Benefit
• Viva Femina Inc.
• Frika Hair Pty Ltd.
• Hidden Crown Hair Extension
• SalonLabs Exports India Pvt Limited
What Are The Regional Insights Into The Hair Extensions Market?
North America was the largest region in the hair extensions market in 2024. The regions covered in the hair extensions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
