In 2020, the global market for hair wigs and extensions demonstrated significant strength and is projected to sustain a steady revenue CAGR over the forecast period. The growth in market revenue is attributed to the increase in hair loss rates worldwide and the popularity of personal grooming and beauty products. The market has witnessed a surge in demand over the past few years, primarily driven by customers seeking hair extensions or wigs for both functional and cosmetic purposes.
Hair extensions and wigs are predominantly purchased by individuals of African descent, and the demand from this demographic has remained relatively inelastic over the years. These customers typically spend a considerable amount on chemical hair care products, such as relaxers, to straighten and smoothen their hair.
To get a sample copy of the report, click on @ https://www.reportsanddata.com/sample-enquiry-form/4754
Top Profiled Companies in the Global Synthetic Hair Wigs and Extensions Market Report:
- Artnature Inc.
- Donna Bella OpCo LLC
- N. Longlocks
- Great Lengths Universal Hair Extensions Srl
- Hair Visions International
- Klix Hair Inc.
- Locks and Bonds
- Racoon International Ltd.
- Shake-N-Go Inc.
- Shandong AY Hair Products Co. Ltd.
The global consumer goods market revenue growth is primarily attributed to factors such as the rapid increase in global population, an increasing demand for food and other essential consumer goods such as healthcare nutrition, personal care hygiene, and electronic products, and the changing lifestyles and preferences of consumers, the growing demand for packaged and processed products in food and beverage, and the growing working population. Manufacturing and packaging techniques have advanced technologically, as well as the adoption of cutting-edge technologies such as artificial intelligence, the Internet of Things (IoT), big data analytics, robotics, and automation in the consumer goods industry. Other key factors driving global consumer goods market revenues include increasing awareness of the negative environmental effects of plastic packaging, as well as a growing demand for environmentally friendly and sustainable packaging solutions. Consumer income levels are expected to rise in developing economies such as India thanks to government regulations and guidelines regarding product quality and safety.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Click here to know more about the report @ https://www.reportsanddata.com/report-detail/hair-wigs-and-extensions-market
Further market segmentation
Hair Type Outlook (Revenue, USD Billion; 2018-2028)
- Human Wigs and Extensions
- Synthetic Wigs and Extensions
End-Users Outlook (Revenue, USD Billion; 2018-2028)
- Individual Consumers
- Film Industry
- Fashion Industry
Request customization of the report @ https://www.reportsanddata.com/request-customization-form/4754
Thanks for reading our report. Please connect with us in case you require further details on the report or its customization. Our market research team will ensure the report is well-suited to your needs.
Browse More Research Reports
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Blog: https://www.reportsanddata.com/blogs
