The Asia Pacific Hair Accessories Market would witness market growth of 10.5% CAGR during the forecast period (2021-2027).
A person with a well-styled hairdo can improve their overall personality and appearance. People have been substantially investing time and money in their hair care and styling routines since hair is very important in self-perception. In particular, hair accessories have gained more momentum among different age and income groups, since hairstyles are as important for schoolgirls as runway fashion. Additionally, the accessibility of both budget-friendly and premium hair accessories would create more demand in the market and hence, augmenting the growth of the hair accessories market over the forecast period.
Factors like the increasing population of millennials, the rising disposable income of consumers, and the constantly changing fashion trends are anticipated to bolster the growth of the regional market during the forecast period. In addition, the growing usage of basic hair accessories by men is also supporting the demand and growth of the regional hair accessories market.
Young customers are highly inclined towards fashionable hair accessories so that they can stay updated with the ongoing fashion trend of the industry. Hence, these factors are anticipated to fuel the demand and growth of the regional market in the upcoming years.
The China market dominated the Asia Pacific Hair Accessories Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,505.5 Million by 2027. The Japan market is estimated to grow at a CAGR of 10.8% during (2021 - 2027). Additionally, The India market is experiencing a CAGR of 11.5% during (2021 - 2027).
Based on distribution channel, the market is segmented into general stores, online, and Supermarkets & Hypermarkets. Based on product, the market is segmented into Elastics & Ties, Wigs & Extensions, Clips & Pins, Headbands, and Other Products. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Hair Accessories Market is Projected to reach USD 25.9 billion by 2027, at a CAGR of 9.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Forever 21, Inc., Fromm International, Annie International, Inc., The Finest Accessories, Inc., SILKE London, Invisibobble, SwirlyCurly Hair, H&M Group, Conair LLC (American Securities), and Good Hair Day (Coty)
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