North America 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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Market Report Description
The North America Hair Wigs And Extensions Market would witness market growth of 7.7% CAGR during the forecast period (2022-2028).
Specifically, in the United States, males are becoming more and more accustomed to wearing hair extensions and wigs. When dealing with hair loss issues like Alopecia Areata or male pattern baldness, men can use wigs to increase their self-esteem and feel better about themselves in public or at social events. Wigs and extensions are now being worn by males as a fashion statement.
Celebrities like Justin Timberlake, David Beckham, Jared Leto, Jason Statham, and Chris Hemsworth are well-known for using wigs to achieve various hairstyles, like ponytails or long manes. Men who work in occupations that need them to maintain a fashionable appearance while at work also frequently utilize these goods. The main driver of industry growth is the increasing frequency of hair-related issues, like alopecia, over the world. The public's growing concern over these ailments is contributing to the industry's expansion.
One of the main factors driving the growth of the regional hair wigs & extensions market in the coming years is the expanding fashion sector in various developed countries like the US and Canada. In addition, the strong regional demand for hair accessories is being driven by social media's enormous effect. The most popular hair wigs and extension utilized by those working in a variety of professions, including hospitality. Additional factors that are projected to boost the outlook for the US hair wigs & extensions market in the coming years include easy returns and replacements, a wide range of products, special discounts on freshly released items, including incentives for online payments.
The US market dominated the North America 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 $2,649.5 million by 2028. The Canada market is exhibiting a CAGR of 9.8% during (2022 - 2028). Additionally, The Mexico market would experience a CAGR of 9.5% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Rest of North America
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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