According to MarkNtel Advisors study the Global Hair Wig Market is valued at USD 7.1 billion in 2022 and is estimated to grow at a CAGR of around 8.5% during the forecast period, i.e., 2024-29.
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Key Findings of the Study: Hair Wig market
Global Hair Wig Market Driver
Surging Incidence of Alopecia to Drive Industry Progression – The increasing incidence of alopecia, which is a condition of hair loss, is one of the prime factors driving the demand for hair wigs across the globe. The spike in the number of alopecia cases is due to various reasons, such as medical problems, as this condition could be a result of many medical conditions like androgenetic alopecia, alopecia areata, or due to the side effects of chemotherapy, etc. For instance, as per the American Hair Loss Association, Androgenetic alopecia, commonly known as Male Pattern Baldness (MPB), accounts for approximately 95% of hair loss in men. Moreover, as the incidence of this condition is spreading worldwide, the adoption of wigs is also instigating, further aiding in enhancing the Hair Wig Market growth during the forecast period.
Global Hair Wig Market Growth Opportunity
Mounting Mandate for High-quality Products to Acts as a Potential Opportunity – The increasing demand for high-quality grooming products is anticipated to act as a growth opportunity for Hair Wig Market. In recent years, individuals have prioritized their self-appearances, which probably would augment in the coming years and may further boost the demand in the Hair Wig Market.
The influencing entertainment fashion industry also plays a vital role in raising the demand for high-quality hair wigs. To achieve several styles looks, celebrities, social media influencers, and fashion icons are frequently opting for hair wigs, further elevating the market growth in the foreseen years.
For more detailed information about the Hair Wig market report, click here – https://www.marknteladvisors.com/research-library/hair-wig-market.html
Scope of the Report and Hair Wig Market Segmentation:
By Type
- Human hair
- Synthetic hair
By Cape Type
- Monofilament
- Lace
By Fitting Type
- Clip-in
- Micro Link
- Tape-in
- Glue-in
By Distribution Channel
- Online
- Offline
By End User
- Commercial Users
- Individual Users
The Commercial Users segment accounted for the potential share of the Hair Wig Market during 2022 and is predicted to flourish in the ensuing years as well.
Hair Wig Market Development:
- 2022: Aderans Co. Ltd. launched an environmentally friendly hair wig ‘Toppiece®’ using recycled nylon for its base net with attention to the SDGs at Swanee by Fontaine and René of Paris by Fontaine across Japan.
Geographical Analysis:
By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
Note: If you require specific information not covered in the current report, we can provide it through customized option
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