
Global Hair Wig Market Research Report: Forecast (2024-2029)
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), By Company (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). Read more
- FMCG
- Oct 2023
- Pages 198
- Report Format: PDF, Excel, PPT
Market Insights & Projections: Hair Wig Market (2024-29)
The 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. The increasing hair-associated problems such as hair thinning, loss of volume, and rising alopecia across the globe are some of the major factors supporting the market growth. As reported by the American Hair Loss Association (AHA), approximately 95% of hair loss cases in men are attributed to androgenetic alopecia.
Similarly, the National Center for Biotechnology Information stated that in 2021, around 50% of both men & women were affected by androgenetic alopecia. Further, the International Society of Hair Restoration Surgery provided an estimate that nearly 40% of men of nearly 35-year experience hair loss, which is a primary concern pushing the demand for wigs in the present times.
Report Coverage | Details |
---|---|
Study Period | Historical Data: 2019-22 |
Base Year: 2023 | |
Forecast Period: 2024-29 | |
CAGR (2024-2029) | 8.5% |
Regions Covered | North America: US, Canada, Mexico |
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe | |
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific | |
South America: Brazil, Argentina, Rest of South America | |
Middle East & Africa: The UAE, Saudi Arabia, Qatar, Egypt, South Africa, Rest of the Middle East & Africa | |
Key Companies Profiled | 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 |
Market Value (2022) | USD 7.1 Billion |
Wigs have emerged as an important catalyst in improving self-confidence & elevating one's look, allowing for impressive makeovers. They allow individuals to freely express themselves & experiment with various styles without committing to permanent changes. Several medical states, hormonal disorders, and mental stress are also responsible for increasing partial or complete baldness, which helps to contribute a considerable share in the Global Hair Wigs Market during the forecast period.
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In recent years, due to the presence of a fast-paced lifestyle, the improved disposable income of numerous people across the world has increased the adoption of hair wigs to achieve an improved appearance, driving the overall market. Moreover, the rising prominence of different style wigs among celebrities as well as their booming popularity across social media, is also aiding in enhancing the market size. Consequently, the intensifying self-appearance consciousness among the population worldwide would accelerate the overall market growth through 2029.
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 Possible Restraint
Discomfort & High-cost Associated with Hair Wigs to Hamper the Market Growth – The usage of hair wigs can improve the individual’s appearance & confidence. However, the discomfort & irritation in the scalp caused by hair wigs hinder the Hair Wigs Market. The main concern with wearing a hair wig is discomfort, which is particularly made of synthetic fibers. Synthetic wigs are not able to deliver equal comfort as natural hair. Persistent usage of wigs may cause sweating, itching, and irritation on the scalp of an individual due to friction between the scalp & the wig. Such discomforts aid in negatively affecting the demand graph of the market.
Moreover, the high cost associated with hair wigs also acts as a restraining factor for the industry. The hair wigs are primarily made of human hair or synthetic fibers, which tend to be costlier. The manufacturing of hair wigs requires skilled expertise, and to enhance their durability and appearance, wigs demand regular maintenance and proper care, leading to increased expenses. Consequently, this has an adverse impact on the Hair Wig Market and could potentially constrain its growth in the years ahead.
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.
Global Hair Wig Market (2024-29): Segmentation Analysis
The Global Hair Wig Market study of MarkNtel Advisors evaluates and highlights the major trends & influencing factors in each segment and includes predictions for the period 2024–2029 at the level. In accordance to the analysis, the market has been further classified as:
Based on Type:
- Human Hair
- Synthetic Fibers
The Human Hair segment is estimated to hold the largest share of the Hair Wig Market as human hair provides a more natural look & feel to the individual than and synthetic fiber wigs. Hair plays a major role in enhancing the appearance of both women & men.
In the context of this line, human hair wigs are better suited for prolonged waves & long-lasting than synthetic wigs. The Human Hair Wigs Market has also observed a large mandate from Japan & European countries, further contributing to ascending the growth graph of the global market.
Based on 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. Commercial users include entertainment, hair care, grooming, fashion industry, etc. The demand from commercial users is considerably higher than that of individual users.
The ongoing trend of changing looks by numerous celebrities & social media influencers is also supporting in pushing the demand graph of the market worldwide. Furthermore, as hair-related problems are increasing across the world, the demand for grooming, cosmetics, and beauty products is on the rise, hence encouraging market growth.
Global Hair Wig Market: Regional Projection
Geographically, the Global Hair Wig Market expands across:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
North America is estimated to dominate the Global Hair Wig Market during the projected years. The rising incidence of alopecia across the country, especially in the US, is instigating the demand for hair wigs. For instance, according to the National Alopecia Areata, currently, about 700,000 people have different forms of alopecia areata in the US.
A necessity for better living standards, improvement in disposable income of individuals, and looking presentable during social dealings are some major factors that lead to high demand. Moreover, the region is a significant importer of hair wigs due to the rising prevalence of hair problems such as hair loss, hair thinning, and other hair-associated problems. Therefore, due to such factors, the product demand is destined to upscale, ultimately positively impacting the North America Hair Wig Market.
Global Air Data Systems Industry Recent Developments
- 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.
Gain a Competitive Edge with Our Global Hair Wig Market Report
- Global Hair Wig Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
- This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
- Hair Wig Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.
Frequently Asked Questions
Global Hair Wig Market Research Report (2024-2029) - Table of Contents
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Executive Summary
- Global Hair Wig Market Regulations, Norms, & Product Standards
- Global Hair Wig Market Trends & Developments
- Global Hair Wig Market Dynamics
- Drivers
- Challenges
- Global Hair Wig Market Imports, Exports Statistics
- Global Hair Wig Market Hotspots & Opportunities
- Global Hair Wig Market Value Chain & Stakeholder Margin Analysis
- Global Hair Wig Market Analysis (2019-2029F)
- Market Size & Analysis
- Market Revenues (USD Million)
- Market Share & Analysis
- 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
- By Type
- Market Size & Analysis
- North America Hair Wig Market Analysis (2019-2029F)
- Market Size & Analysis
- Market Revenues (USD Million)
- Market Share & Analysis
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- By Country
- The US
- Canada
- Mexico
- The US Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Canada Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Mexico Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Market Size & Analysis
- South America Hair Wig Market Analysis (2019-2029F)
- Market Size & Analysis
- Market Revenues (USD Million)
- Market Share & Analysis
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- By Country
- Brazil
- Argentina
- Rest of South America
- Brazil Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Argentina Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Market Size & Analysis
- Europe Hair Wig Market Analysis (2019-2029F)
- Market Size & Analysis
- Market Revenues (USD Million)
- Market Share & Analysis
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- By Country
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Germany Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- France Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- The UK Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Spain Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Italy Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Market Size & Analysis
- The Middle East & Africa Hair Wig Market Analysis (2019-2029F)
- Market Size & Analysis
- Market Revenues (USD Million)
- Market Share & Analysis
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- By Country
- The UAE
- Saudi Arabia
- Qatar
- Egypt
- South Africa
- Rest of the Middle East & Africa
- The UAE Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Market Size & Analysis
- Saudi Arabia Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Qatar Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Egypt Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- South Africa Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Asia-Pacific Hair Wig Market Analysis (2019-2029F)
- Market Size & Analysis
- Market Revenues (USD Million)
- Market Share & Analysis
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD MillionBy Country
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- China Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- India Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Japan Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- South Korea Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Australia Hair Wig Market Analysis (2019-2029F)
- By Type - Market Size & Forecast 2019-2029F, USD Million
- By Cape Type - Market Size & Forecast 2019-2029F, USD Million
- By Fitting Type- Market Size & Forecast 2019-2029F, USD Million
- By Distribution Channel - Market Size & Forecast 2019-2029F, USD Million
- By End User- Market Size & Forecast 2019-2029F, USD Million
- Market Size & Analysis
- Competitive Benchmarking & Company Profiles
- Competition Matrix
- Company Profiles
- Evergreen Products Group Limited
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Godrej Consumer Products Limited
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Aderans Co., Ltd.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- ALERIANA Wigs
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Indique Hair
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Artnature Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Ruimei Hair Products
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Shake-N-Go, Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- HairUWear
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Paula Young
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- Evergreen Products Group Limited
- About Us & Disclaimer
