Global Hair Extension market to reach $7580m

The global Hair Extension market is expected to grow by more than 12% driven by celebrity culture, a growing middle-class population, increasing urbanisation, and easier access to hair salons and stylists.

Research by Radiant Insights, Inc. shows the global Hair Extension market was valued at $2045 million in 2017, with analysists prediction that the global market size will reach $7580 million by the end of 2028; a compound annual growth rate (CAGR) of 12.65%.

However, the complicated manufacturing process of Hair Extensions is hindering market growth, although the development of technology for applying Hair Extensions is an emerging trend observed in the market, says the report.

Researchers categorised the Hair Extension marketing by type, application, and geography. On the basis of type, the market is divided into human hair, and synthetic hair. The synthetic hair segment is expected to hold maximum share of the market due to its easy availability and cost-effectiveness.

Geographically, North America is expected to dominate the market due whilst Asia Pacific is also predicted to grow considerably due to rapid urbanisation and consumers' increasing spending power.

Key brands in the hair extension sector identified by the report include Great Lengths, Balmain, Donna Bella, Klix Hair Extension, Easihair, UltraTress, Cinderella, VivaFemina, Femme Hair Extension, FN LONGLOCKS, Racoon, Rebecca, and Hair Addictionz.