The Worldwide Hair Wigs and Extensions Industry is Expected to Reach $12.2 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Hair Wigs and Extensions Market Size, Trends & Growth Opportunity, By Product, By Hair Type, By Region and Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global Hair Wigs and Extensions market was valued at USD 6.1 billion in 2021 which expected to reach USD 12.27 billion by 2027 at a CAGR 11.28% from 2021-2027.

Companies Mentioned

• Evergreen Products Group Ltd.
• Godrej Consumer Products Ltd.
• Artnature Inc.
• Aderans Co. Ltd.
• Donna Bella Hair
• F.N. Longlocks
• ALERIANA Wigs
• Klix Hair Extensions
• Indique Hair S.A.e-N-Go Inc

Hair loss can develop in full or partial baldness as a result of a variety of medical illnesses and hormones, making people self-conscious about their appearance. As a result, demand for hair implants has skyrocketed. Animal hair, human hair, synthetic fibre, futura, virgin hair, or a combination of these materials are used to produce hair extensions.

Jute fibres were used to manufacture mimicking hair for theatrical wigs in the early 1990s, but as fashions changed, the raw material options expanded: animal hair, human hair, synthetic fibre, futura, virgin hair, or a blend of these materials.

Market Drivers

Technological advancements in the manufacture and design of synthetic hair wigs

Technological developments in the production and design of synthetic hair wigs are one of the key drivers driving growth in the hair wigs and extension market. Synthetic hair wigs and extensions have come a long way in terms of style and appearance.

Market Restraints

Increased competition and product stiffness are also expected to stymie the growth of the hair wigs and extension market over the forecast period. The availability of raw materials, as well as the expanding use and upkeep of hair extensions, may pose further challenges to the growth of the hair wigs and extension market in the near future.

COVID-19 Impact on the Hair Wigs and Extensions Market

The COVID-19 epidemic has had a significant influence on the hair wig and extension market. The COVID-19 pandemic's lockdown scenario has affected the hair wigs and extension industry. Sales, revenue, raw materials, distribution routes, and export and import were all down. The raw materials supply for the hair integration business was extremely limited. Retail stores and distribution channels had been closed. However, in the post-COVID scenario, the market for hair wigs and extensions is expected to be considerably impacted.

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Hair Wigs and Extensions Market?
• What will be the growth rate from 2020 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?

Market Taxonomy

By Product

• Wigs
• Extensions

By Hair Type

• Human Hair
• Synthetic Hair

By Region

• North America
• Latin America
• Europe
• China
• Asia Pacific
• Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/hbtrmv