LAMEA Hair Wigs And Extensions Market Size, Share & Industry Trends Analysis Report By Product (Wigs and Extensions), By Hair Type (Human Hair and Synthetic Hair), By Country and Growth Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the LAMEA Hair Wigs And Extensions Market
Market Report Description
The Latin America, Middle East and Africa Hair Wigs And Extensions Market would witness market growth of 10.7% CAGR during the forecast period (2022-2028).
A lack of raw materials like human and synthetic hair stemmed from supply delays caused by different restrictions enforced by regional governments to impede the virus's spread. Shipments of raw materials and completed goods were slowed down or stopped at this time, which had a substantial influence on global product demand. The use of hair extensions and wigs by young people and millennials to enhance their aesthetic appeal is predicted to boost the industry's expansion. The growing impact of social media in encouraging the usage of wigs and extensions as well as celebrity endorsements are among the other major drivers of the industry's expansion.
For women, hair appearance has been linked to beauty, hence hair loss may be a heartbreaking event. As a result, wigs or hair extensions are frequently used by women who have female pattern baldness as a therapy. In this instance, they cover their face with a wig to guarantee that it appears great. Usually, glue or stitching is used to connect hair extensions to natural hair. This uses a tiny strand of human hair to create an eyelash, which is then stitched to the natural hair and would fall in accordance with the curl pattern of the locks. Clip-in strands may be a great alternative for anyone if individuals don't feel comfortable utilizing hot tools all at once on their own hair because users may use them as needed without risking scalp harm.
As more people in this region have access to the internet, social media sites like Instagram and Meta have become more popular. These social media channels have the power to both influence individuals and keep them informed about global fashion trends. The increase in fashion influencers and bloggers will also help to fuel the region's expanding desire for stylish hair wigs. These factors are projected to support regional market expansion in the coming years.
The Brazil market dominated the LAMEA Hair Wigs And Extensions Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $152.2 million by 2028. The Argentina market is anticipated to grow at a CAGR of 11.3% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 10.4% during (2022 - 2028).
Based on Product, the market is segmented into Wigs and Extensions. Based on Hair Type, the market is segmented into Human Hair and Synthetic Hair. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Evergreen Products Group Ltd., Artnature, Inc., Godrej Consumer Products Ltd. (Godrej Group), Aderans Company Limited, Donna Bella Hair, F.N. Longlocks, Aleriana Wigs, Klix Hair, Inc., Indique, and Shake-N-Go, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Hair Type
- Human Hair
- Synthetic Hair
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Evergreen Products Group Ltd.
- Artnature, Inc.
- Godrej Consumer Products Ltd. (Godrej Group)
- Aderans Company Limited
- Donna Bella Hair
- F.N. Longlocks
- Aleriana Wigs
- Klix Hair, Inc.
- Shake-N-Go, Inc.
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