Artificial Hair Integration Market, Projected to Grow at a CAGR of 7.2% by 2033: Per Capita Disposable Income Analysis | FMI

Artificial Hair Integration Market
Artificial Hair Integration Market

According to recent data released by Future Market Insights (FMI), the artificial hair integration market was valued at USD 1.9 billion in 2023 and is expected to reach USD 3.9 billion by 2033, with a compound annual growth rate (CAGR) of 7.2% from 2023 to 2033. The artificial hair integration market accounts for approximately 25% to 35% of its parent market, the hair integration market.

Artificial hair integration is very commonly suggested by fashion professionals and trichology as it very helpful maintaining hair density along with hiding split ends. Hair loss owing to medical illnesses and hormones causes full or partial baldness nowadays, leaving people self-conscious about their appearance. As a result, the demand for hair integration has risen fast. The growing popularity of multi-colored hair wigs among the celebrity and artist is likely to offer new artificial hair integration market growth opportunity.

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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.

Beauty brands are expanding their penetration in the artificial hair integration market because of increasing concerns pertaining to loss of hair among people. Furthermore, many brands operating in the artificial hair integration market are using virtual reality technology to encourage e-commerce shopping among consumers. Using such technologies in the beauty industry has facilitated personalizing online customer experiences. Moreover market players are focusing on including more eco-friendly materials to gain edge over rivals,” says an FMI analyst.

 

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.

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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)

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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