Global Hair Wigs And Extensions Market Size & Outlook
Global hair wigs and extensions market, 2017-2030 (US$M)
Related Markets
Global hair wigs and extensions market highlights
- The global hair wigs and extensions market generated a revenue of USD 6,133.5 million in 2021 and is expected to reach USD 12,272.4 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 8% by 2030.
- In terms of segment, wigs accounted for a revenue of USD 4,615.4 million in 2021.
- Extensions is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 6,133.5 million |
| Market revenue in 2030 | USD 12,272.4 million |
| Growth rate | 8% (CAGR from 2021 to 2030) |
| Largest segment | Wigs |
| Fastest growing segment | Extensions |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wigs, Extensions |
Other key industry trends
- In terms of revenue, the North America accounted for 40.9% of the global hair wigs and extensions market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 3,995.4 million by 2030.
Wigs was the largest segment with a revenue share of 75.25% in 2021. Horizon Databook has segmented the Global hair wigs and extensions market based on wigs, extensions covering the revenue growth of each sub-segment from 2017 to 2030.
Hair loss is a widespread issue affecting both men and women globally. The rising prevalence of hair related conditions, such as alopecia, is a major driver behind the growth of the hair wigs industry. According to a study by the National Library of Medicine in April 2020, around 70,000 individuals in the U.S. suffer from alopecia areata, with women accounting for half of those cases.
The below-stated table highlights the important findings from a global research survey conducted by Medihair in 2023, one of the largest platforms that provides information about proven hair loss treatments.
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Hair Wigs And Extensions Market Scope
Hair Wigs And Extensions Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global hair wigs and extensions market size, by region, 2017-2030 (US$M)
Top 10 countries by Hair Wigs And Extensions Market revenue, 2021 (US$M)
Global hair wigs and extensions market share, by product, 2021 & 2030 (%, US$M)
Hair wigs and extensions market: Opportunity assessment by country
Global hair wigs and extensions market, by region, 2021 (US$M)
Related regional statistics
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