As per newly released data by Future Market Insights (FMI), the artificial hair integration market is estimated at ~USD 1.9 billion in 2023, and is projected to reach ~USD 3.9 billion by 2033, at a CAGR of ~7.2% from 2023 to 2033. Share of artificial hair integration market in its parent market (hair integration market) is approximately ~25%-35%.
Artificial hair integration is frequently recommended by fashion experts and trichologists since it aids in maintaining hair density and concealing split ends. Full or partial baldness is now common due to medical diseases and hormones, making people self-conscious about their looks. As a result, there has been a rapid increase in the demand for hair integration.
The rising popularity of multi-colored hair wigs among celebrities and artists is expected to open up new opportunities for the artificial hair integration business.
Among the men, who lose their hair, inevitably feel self-conscious about their looks and may lack confidence when socializing. Fake hair not only solve the problem for hair loss but also solve the issue of grey hair, baldness, and other male hair issue.
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Hairpieces can help men cover their natural hair volume and make their hair appear thicker, giving them a more attractive appearance and increasing their confidence when socializing or performing their jobs.
Key Takeaways from the Artificial Hair Integration Market Study
- In terms of end-user type, men accounted for ~43.0% of the total artificial hair integration market share in 2021.
- The U.S. is a key market in North America, accounting for leading share of sales in the region.
- Due to the booming internet of things (IoT) sector and the Covid-19 outbreak, sales via online channels have surged.
Impact of Covid 19 on the Market
Companies were unable to meet with channel partners and close deals during covid-19 because of lockdown restrictions in different countries. The result was significant revenue losses for many companies. Additionally, factors like the closure of beauty salons and the shortage of synthetic raw hair supplies due to lockdown restrictions slowed the rate of product consumption among the population.
Additionally, shortage of labor in the sector, shortage of raw materials, less consumption of cosmetic products, high cost of production, etc. have turned out to be a hampering factor for the artificial hair integration market.
Who is winning?
Artificial Hair Integration manufacturers and suppliers rely on aggressive promotional strategies, advertisements, and new product launches to drive sales growth.
Major players present in the probiotic cosmetics market are Diva Divine Hair Extensions and Wigs, Evergreen Products Group Limited., Aderans Co., Ltd., Wigomania, Wig USA, Indique Hair, The Wonderful Wig Company, www.Lordhair. Com, Donna Bella Hair, Belletress, Wigs.Com, Jon Renau, Others.
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By Material Type, Artificial Hair Integration market is segmented as:
- Acrylic
- Polyester
- Polyvinyl chloride (PVC)
- Kanekalon
- Others
By End-User, Artificial Hair Integration market is segmented as:
- Male
- Female
- Children
By Colour, Artificial Hair Integration market is segmented as:
- Black
- Blond
- Grey
- Others
By Region, Artificial Hair Integration market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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