The Global Hair Wig Market size 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. According to MarkNtel Advisors Study.
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.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Hair Wig Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2029
- 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
- By Company
- Revenue Shares
- Competition Characteristics
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Evergreen Products Group Limited., Godrej Consumer Products Limited, Aderans Co., Ltd., ALERIANA Wigs, Indique Hair, Artnature Inc., Ruimei Hair Products, Shake-N-Go, Inc., HairUWear, Paula Young, and others are looking forward to strengthening their market positions.
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