Hair Weaves Market

Global Hair Weaves Market Size (2024 to 2029)

The global Hair Weaves Market is expected to grow at a CAGR of 6.80% from 2024 to 2029 and the market size is predicted to be valued at USD 4.82 billion by 2029 from USD 3.47 billion in 2024.

Current Scenario of the Global Hair Weaves Market

Hair weaves are a form of hair extension that adds length, volume, or color to natural hair. They can be constructed of synthetic fibers or human hair and attached in various ways, including liquid adhesive, glue tape, and stitching.

Some people wear hair weaves to prevent their natural hair from damage caused by excessive heat styling or chemical treatments. Others may use hair weaves for fashion or to switch up their hairdo without committing to a haircut. Hair weaves can be readily removed using adhesive remover or by unweaving the braids that hold them in place. Hair weaves must be properly cared for and maintained to avoid harm to the extensions and the natural hair.

MARKET DRIVERS

The easy availability of hair extensions worldwide is a major factor propelling the market's demand.

Each extension type has its unique application method, benefits, and drawbacks and may be made from human hair or synthetic fibers. The availability of each type of extension may depend on factors such as location and popularity.

The availability of high-quality, ethically sourced natural hair for hair weaves can be a challenge. The demand for natural hair weaves often outpaces the supply, leading to increased prices and potential ethical concerns regarding sourcing practices. As the demand for natural hair increases, it can restrict the growth of the hair weaves market.

MARKET RESTRAINTS

Hair weaves are not permanent solutions and have a limited lifespan. Depending on the type and quality of the hair weave, it may need to be replaced or removed after a certain period. This ongoing need for replacement can deter customers looking for long-term solutions or those who prefer low-maintenance options. This can hinder the growth of the hair weaves market.

Hair loss conditions appear to be becoming more prevalent. Alopecia areata and androgenetic alopecia are two common types of hair loss conditions. As this condition is found in people in large numbers, this can be a driver for the hair weave market. Alopecia areata is increasing in prevalence, and androgenetic alopecia is the most common cause of hair loss. In addition to genetics, other factors such as age, chronic disease, malnutrition, and vitamin or mineral deficiencies may contribute to hair loss conditions. It is important to address these underlying causes to prevent or manage hair loss. So as hair loss is increasing, people have started using hair wigs and extensions. This has driven the growth of the hair weaves market.

Impact of COVID-19 on the Hair Weaves Market

The COVID-19 pandemic has disrupted the hair weaves market. As lockdown was imposed in the whole country, the market faced ups and downs. The pandemic has caused disruptions in the supply chain, factory closures, and reduced manufacturing capacity, resulting in reduced product availability. Additionally, the pandemic has led to reduced consumer demand due to economic uncertainty and limited social gatherings, which has further impacted the market. During the COVID-19 times, Instagram influencers were using hair extensions in large numbers. As salons and parlors were closed, people were using hair weaves for styling their hair. This has increased the use of hair weaves. 

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Hair Weaves Market By Product

The wigs category has the biggest market share and is expected to have growth in the hair weaves market.

The rising popularity and extensive consumer adoption of wigs are elements driving the market growth. Wigs are frequently used to change hairstyles or to mask baldness. Additionally, wigs preserve natural hair from damage caused by chemicals and heat used to style and achieve the desired look, which is predicted to fuel wig demand. The availability of extensions in various attaching processes that cause less harm to the hair is expected to drive growth in the hair extension industry. The increased demand for premium human hair extension products is likely to boost the hair weaves market.

Global Hair Weaves Market By Type 

Fusion hair weave dominates the hair weave market. Fusion hair extensions seem to be more prevalent than fusion hair weaves.

Fusion hair extensions are a type of hair extension method where strands of hair are attached to your natural hair using keratin-based tips. Hot fusion is one of the most common methods for attaching fusion hair extensions, which involves using a heating element to attach or fuse the extensions to the natural hair. Some companies offer keratin fusion hair extensions that utilize Italian keratin tips for a longer-lasting bond. Clip-in extensions are wefts of hair attached to small one-inch combs that can be clipped into your natural hair in sections. The wefts vary in width, so they're easy to place and blend all along your head.

Global Hair Weaves Market By Hair Material

The synthetic hair market is expected to develop profitably as a result of the increased popularity of synthetic extensions and wigs due to their low cost.

The human hair sector held the most market share in the hair weaves market. The high penetration of hair wigs in foreign countries is rising day by day. People are buying wigs and extensions in large numbers. Furthermore, labels such as the Jon Renau Collection, Ellen Wille, and Rene of Paris sell their wares through retail and online platforms. Furthermore, the increased usage of modern and creative technologies for generating high-quality synthetic hair is likely to drive the segment's growth.

REGIONAL ANALYSIS

North America contributed the highest share due to the higher use and penetration of extensions and wigs among consumers of all ages.

The hair weaves are used as both functional and fashion accessories. Colored weaves are used by most of the young generation as a fashion. Additionally, The U.S. is the largest importer of hair goods globally, which is expected to impact market growth positively. Asia Pacific is projected to have a significant growth rate during the forecast period for the hair weaves market

KEY MARKET PLAYERS

The key market players in the Hair Weaves Market are  Evergreen Products Group Ltd., Godrej Consumer Products Ltd., Artnature Inc., Aderans Co., Ltd., Donna Bella Hair, F.N. Longlocks, ALERIANA Wigs, Klix Hair Extensions, Indique Hair, Shake-N-Go, Inc

RECENT HAPPENING IN THE MARKET

• In April 2021, Evergreen Products Group Ltd. invested in a new product line of digital wigs with the use of non-fungible tokens technology.

DETAILED SEGMENTATION OF THE GLOBAL HAIR WEAVES MARKET INCLUDED IN THIS REPORT

This research report on the global hair weaves market has been segmented and sub-segmented based on product, type, hair material, and region.

By Product

• Wigs
• Extensions

By Type 

• Fusion hair weave
• Glue-in hair weave
• Clip-in hair weave
• Sew-in hair weave

By Hair Material

• Human
• Synthetic

By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America