Latin America Hair Wigs And Extensions Market Size & Outlook
Latin America hair wigs and extensions market, 2017-2030 (US$M)
Related Markets
Latin America hair wigs and extensions market highlights
- The Latin America hair wigs and extensions market generated a revenue of USD 259.9 million in 2021.
- The market is expected to grow at a CAGR of 8.5% from 2022 to 2030.
- In terms of segment, wigs was the largest revenue generating product in 2021.
- Extensions is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 259.9 million |
| Market revenue in 2030 | USD 540.0 million |
| Growth rate | 8.5% (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 |
| Key market players worldwide | Godrej, Evergreen Products Group Ltd ADR, Artnature, Dona Bela Shreds, Indique Hair, Shake-N-Go |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.2% of the global hair wigs and extensions market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,552.9 million by 2030.
Wigs was the largest segment with a revenue share of 72.72% in 2021. Horizon Databook has segmented the Latin America hair wigs and extensions market based on wigs, extensions covering the revenue growth of each sub-segment from 2017 to 2030.
The presence of domestic players plays a crucial role in boosting the hair wigs and extensions market in Central and South America. Local manufacturers can better cater to the diverse hair textures and preferences of the region's population, offering customized and culturally relevant products. For instance, Aleriana Wigs is a family-owned business that manufactures wigs for top brands in countries such as Mexico, Brazil, Israel, and the U.S., using high-quality European and South American hair.
It offers natural and synthetic hair in light and dark shades and for hair types such as straight, wavy, and curly. The company also specializes in kosher wigs for the Jewish community. Central and South America also has a large population of African descendants, particularly in countries like Colombia, Brazil, Cuba, Mexico, Ecuador, and Venezuela.
Hairdressing has always held immense importance among black women, leading to a substantial demand for wigs. These women invest a significant portion of their earnings in hair accessories, including wigs and extensions, to enhance the beauty and presentation of their hair. This bodes well for market growth.
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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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Latin America hair wigs and extensions market size, by country, 2017-2030 (US$M)
Latin America Hair Wigs And Extensions Market Outlook Share, 2021 & 2030 (US$M)
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