Hair Extensions Market: Notable Developments & Geographical Outlook
The hair extension market is likely to register a CAGR of 5.3% during the forecast period, and is anticipated to reach a market share of US$ 4.99 Bn in 2032, from US$ 2.38 Bn in 2021, due to the changing lifestyle in developing countries and increasing product availability. Owing to rising disposable income and urbanization in the region, Latin America is projected to see new growth prospects in the hair extensions market. Many factors have caused the enormousdemand for hair extension due to its popularity in the retailing business, including rising human expenditure on grooming items, rising spending on lifestyle products, and rising disposable income in developing countries such as China, India, Brazil, and others. On other hand, hair extensions find significant use in the entertainment and fashion industry. Additionally, the large-scale prevalence of receding hairline, alopecia, and others factors are estimated to fuel growth of the market in the coming years. Glob...