PUBLISHER: The Insight Partners | PRODUCT CODE: 1715206
PUBLISHER: The Insight Partners | PRODUCT CODE: 1715206
The North America hair extensions market was valued at US$ 1,390.58 million in 2023 and is expected to reach US$ 2,019.55 million by 2031; it is estimated to register a CAGR of 4.8% from 2023 to 2031.
Rising Adoption of Self-Grooming Products Fuels North America Hair Extensions Market
Improvement in quality of life, positive effects of personal care on self-esteem and social interaction, and gradual consumer shift toward luxury and premium self-grooming products, as well as rising incidence of hair fall, are a few factors propelling the growth of North America hair extensions market .
North America is significant market for the styling industry, accounting for more than 60% of the cosmetics market combined. Hair care products are gaining huge traction among consumers amid the increasing prevalence of hair thinning, dryness, loss of volume, and other hair-related concerns.
The increasing disposable income across various economic classes worldwide propelling the demand for personal and haircare products, particularly hair extension products. Millions are concerned about hair care which is accelerating the hair extension market. Women, in particular, invest more in haircare solutions due to their greater emphasis on hair appearance. Hence, the increasing expenditure and adoption of self-grooming products among the global populace drives the North America hair extensions market.
North America Hair Extensions Market Overview
Rapid economic growth supported by the rise in disposable income of consumers is propelling the production and application of hair extensions in the US. The factors such as the accelerated pace of urbanization, rising hair fall, and growth in fashion trends bolster the hair extensions industry. For consumers in the US, hair goods such as hair extensions offer functional solutions for their short natural hair and an indispensable fashion accessory that changes their styles and looks quickly and easily. Further, the trade of such products has risen considerably, which is also expected to support market growth in the US. Additionally, the rising inclination of customers to spend on premium-priced products to cater to the heightened attention on their appearance is driving the US hair extensions market.
North America Hair Extensions Market Revenue and Forecast to 2031 (US$ Million)
North America Hair Extensions Market Segmentation
The North America hair extensions market is categorized into product type, source, distribution channel, and country.
By product type, the North America hair extensions market is segmented into tape-in, fusion and pre-bonded, clip-in, weft, and others. The clip-in segment held the largest share of the North America hair extensions market share in 2023.
In terms of source, the North America hair extensions market is segmented into human hair and synthetic hair. The synthetic hair segment held a larger share of the North America hair extensions market share in 2023.
In terms of distribution channel, the North America hair extensions market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held the largest share of the North America hair extensions market share in 2023.
Based on country, the North America hair extensions market is segmented into the US, Canada, and Mexico. The US segment held the largest share of North America hair extensions market in 2023.
Cinderellahair Inc, Easihair Pro, Evergreen Products Group Ltd, Great Lengths SpA, Hairlocs Inc, Klix Hair Inc, Locks & Bonds, and Socap USA Inc are some of the leading companies operating in the North America hair extensions market.