Beauty Industry Transformation: Hair Extensions Lead the Way in Personalized Styling

The global hair extensions market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period (2024-2031). The growth is primarily due to the increasing fashion consciousness, constantly improving and higher disposable income, and the numerous possibilities of non-surgical hair change techniques. Factors such as an increasing social media influence, celebrity endorsement, and the desire for quick hair transformation are some of the reasons accounting for the growth of the global hair extension market. According to the Professional Beauty Association, in 2023, hair extensions comprised approximately 24.0% of the total beauty industry revenue. Additionally, the growing online sector has made it easy to find the best hair extension based on users' demand.

Browse the full report description of “Hair Extension Market Size, Share & Trends Analysis Report by Hair Type (Human Hair, Animal Hair, and Synthetic Hair), by Application (Fusion & Pre-bonded, Tap-in, and Clip-in), and by Distribution Channel (Online, and Offline) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/hair-extensions-market

Recent Developments

• In April 2024, Nurix Therapeutics Inc., a clinical-stage biopharmaceutical company that focuses on targeted protein modulation drugs as treatments for cancer and inflammation, stated that Gilead Science has agreed to extend the preclinical study of the collaboration signed in 2019 for an additional two years.

• In February 2024, celebrity stylist Lacy Gadegaard-West recently launched her brand of hair care products known as LHC. This release is out at the same time as the 14th anniversary of her successful hair Extension line, Laced Hair Extension Business.

• In September 2023, Hotheads Hair Extensions launched its line of Premium Sew-In Weft collection. Both the natural color and highlights are created with real Remy’s hair as the extensions are made from it.

• In July 2023, BELLAMI introduced BELLAMI Professional Hair Care, the first ever global professional hair extension care products range for both professional use and home application.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Hair Type

o By End-Users

o By Distribution Channel

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- Aderans Co., Ltd., Godrej Consumer Products Ltd., Racoon International, Babe Hair Extensions, and Mayvenn, Inc. among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Hair Extension Market Report Segment

By Hair Type

• Human Hair
• Animal Hair
• Synthetic Hair

By End-User

• Fusion & Pre-bonded
• Tap-in
• Clip-in

By Distribution Channel

• Online
• Offline

Global Hair Extension Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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