In 2022, the market for false hair products was valued at approximately US$ 8,484.19 million and is projected to grow to around US$ 12,115.21 million by 2030, reflecting an anticipated compound annual growth rate (CAGR) of 4.6% from 2022 to 2030.
False hair products encompass a range of artificial hairpieces crafted to enhance or modify the appearance of natural hair. These products come in various types, such as hair extensions, wigs, and hairpieces, and are commonly utilized to add length, volume, or color to one?s hair. They can be constructed from either synthetic materials or real human hair, providing users with the opportunity to explore diverse hairstyles without the need for permanent alterations. While these products can facilitate immediate changes in appearance, it is crucial to select high-quality items and apply them properly to achieve a natural and cohesive look.
The false hair products market is categorized by product type into hair extensions, wigs, and hairpieces. Among these, the hair extension segment is anticipated to experience the highest growth rate during the forecast period. Hair extensions have emerged as a transformative option in the beauty and fashion industries, allowing individuals to quickly add length, volume, and even highlights to their hair. The demand for hair extensions is surging, driven by the desire for rapid and temporary hairstyle modifications. Influencers on social media, along with celebrities, frequently display various hairstyles, motivating individuals to try new looks. Additionally, hair extensions are particularly appealing to those with shorter or finer hair who wish to achieve more volume. As the quality and diversity of hair extensions continue to improve, and as more people view them as a form of creative expression, the market for this segment is expected to grow significantly in the years ahead.
In 2022, North America held the largest share of the global false hair products market. This market is divided into segments for the US, Canada, and Mexico, and is expanding due to the rising demand for popular hair products such as wigs and extensions, as well as the increasing incidence of hair loss attributed to aging, stress, and medical conditions. The American Academy of Dermatology Association identifies hereditary-patterned baldness, or androgenetic alopecia, as a common cause of hair loss. This condition leads to initial thinning of hair, followed by complete loss in certain areas of the scalp, affecting approximately 80 million Americans?50 million men and 30 million women. The growing prevalence of hair loss among the American population has significantly boosted the demand for false hair products in North America, resulting in a substantial market share in 2022.
Prominent players in the global false hair products market include Evergreen Products Group Ltd, Hairuwear Inc, Henan Ruimei Products Co Ltd, Artnature Co Ltd, Shake-N-Go Inc, Papillon Hair World, Locks & Bonds, Klix Hair Inc, Easihair Pro, and Balmain Hair Group BV, among others. These companies are dedicated to delivering high-quality products that meet consumer needs. They are also engaged in strategies such as investing in research and development, launching new products, and expanding their production capabilities.
The overall size of the global false hair products market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. Additionally, numerous primary interviews were conducted with industry stakeholders to validate the findings and gain deeper analytical insights. Participants in this research included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the false hair products sector.