According to recent data from Future Market Insights (FMI), the artificial hair integration market is valued at US$ 1.9 billion in 2023, with projections indicating an increase to US$ 3.9 billion by 2033, reflecting a compound annual growth rate (CAGR) of 7.2% from 2023 to 2033. The artificial hair integration market represents approximately 25% to 35% of its parent market, the hair integration market.
Demand Fueled by Multiple Factors:
- Increased Hair Loss: Hair loss is a prevalent concern, and the market is responding. New trends and styles in hair integration are emerging to meet the needs of a growing customer base.
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- Non-Surgical Solutions: Hair integration offers a safe, non-surgical alternative to expensive hair transplants. Artificial hair can be seamlessly blended with existing hair for a natural and secure look. Techniques include elasticized bands, clips, adhesives, and even braiding or threading methods.
- Celebrity Influence: The growing popularity of multi-colored wigs among celebrities and artists is driving interest in hair integration, creating exciting new market opportunities.
- Silver Hair, Don’t Care: The geriatric population is embracing wigs and extensions to address hair loss due to alopecia. With the global population over 60 expected to reach 2.1 billion by 2050, this trend is only going to accelerate.
- Meeting Diverse Needs: Manufacturers are responding to this growing demand by creating specialized hair products that cater to a wider range of consumer preferences.
The Future of Hair:
The hair integration market is poised for continued growth, offering safe, effective, and stylish solutions for people experiencing hair loss. With advancements in technology and a focus on meeting diverse customer needs, the future of hair looks bright!
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.
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.
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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.
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
- Lordhair
- Donna Bella Hair
- BelleTress
- Wigs.com
- JON RENAU
- Others (As Requested)
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Market by Category
By Material Type
- Acrylic
- Polyester
- Polyvinyl chloride (PVC)
- Kanekalon
- Others
By End-User
- Male
- Female
- Children
By Colour
- Black
- Blond
- Grey
- Others
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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