Global Hair Accessories Market, By Product (Clips and Pins, Head Bands, Wigs and Extensions, Elastics and Ties and Others), Material (Leather, PU, Cloth, Plastics, Metal and Others), Distribution Channel (Supermarkets and Hypermarkets, Multi-Branded Retail Stores, General Stores, Exclusive Retail and Online), End User (Women and Men) – Industry Trends and Forecast to 2029
Market Analysis and Size
Hair plays an essential role in enhancing one's appearance. Hair that is healthy, shiny, and well-groomed improves an individual's appearance. As a result, people take care of their hair, experiment with different hairstyles, and accessorise to look appealing. Hair accessories are no longer limited to bands and pins. There is currently a wide variety of hair accessories available on the market, particularly for women, who are major consumers of hair accessories.
Data Bridge Market Research analyses that the hair accessories market which was growing at a value of 18.29 billion in 2021 and is expected to reach the value of USD 46.60 billion by 2029, at a CAGR of 12.4% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Clips and Pins, Head Bands, Wigs and Extensions, Elastics and Ties and Others), Material (Leather, PU, Cloth, Plastics, Metal and Others), Distribution Channel (Supermarkets and Hypermarkets, Multi-Branded Retail Stores, General Stores, Exclusive Retail and Online), End User (Women and Men)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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L'oreal SA (France), Revlon, Inc. (U.S.), Coty, Inc. (U.K.), Indus Valley (India), Combe Incorporated (U.S.), Hoyu Co., Ltd (Japan), John Paul Mitchell Systems (U.S.), Cover Your Gray (U.S.), Kao Corporation (Japan) and NATULIQUE ApS (Denmark) Puig (Spain), Coty Inc. (U.S.), Kao Corporation (Japan), The Estée Lauder Companies Inc. (U.S.), Oriflame Cosmetics AG (Switzerland), KOSÉ Corporation (Japan), CHANEL (U.K.)
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Opportunities
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Market Definition
Hair accessories are made from stones made of various materials such as plastic, metals, and wood and are embellished with ribbons, nets, or threads. Hair accessories have recently gained popularity across all age and socioeconomic categories, and fashions can range from basic schoolgirl accessories to high-end runway designs. The availability of both high-end and low-cost hair accessories has increased consumer interest in and use of the products.
Hair Accessories Market Dynamics
Drivers
- The latest trends and social media influence have changed public perception of hair accessories
The growing awareness of the latest hair accessory trends propels the hair accessories market. With the advent of social media and digital media, there has been a greater dissemination of fashion trends and the most recent hair accessory products on the market. The growing number of celebrity interactions through paid partnerships and brands, as well as the growing number of social media influencers, have changed public perception of hair accessories through tutorials, makeover videos, and other forms of digital media. The expanding e-commerce industry will also have a significant impact on the hair accessories market's growth.
- Continuous product improvement on design and quality
Leading players are investing in mechanical manufacturing processes such as designing, weaving, washing, and dyeing to improve the quality of the final hair product and provide a trendy and smooth appearance to the hair. Producers are concerned with using high-quality chemicals and conditioners in order to preserve the natural properties of raw materials used in various hair products. Continuous improvement in product design and quality is expected to drive market growth.
Opportunity
Technological advancements in the production of mass-produced plastic, cloth, and metal products will enable manufacturers to produce more products at a lower cost. When compared to high-end luxury products, mass-produced hair and fashion accessories are the major contributors to the industry's growth. Furthermore, the availability of several hair products in the industry, such as ornamental pins, bands, and clips, on the e-commerce website will provide additional potential opportunities for the growth of the hair accessories market in the coming years.
Restraints
The rise in the prevalence of several fashion sites and blogs providing public awareness is also expected to impede the growth of the hair accessories market over the forecast period. On the other hand, the occurrence of several counterfeit products that are deemed unauthentic by manufacturers is expected to impede the growth of the hair accessories market in the forecast period.
This hair accessories market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hair accessories market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Hair Accessories Market
The brief lockdown and limitation caused a disruption in the production network, introducing import and commodity challenges in a variety of areas. Organizations involved in the hair accessories market share have suffered as a result of the COVID-19 pandemic, which has resulted in a decrease in market development for 2020 and 2021. The pandemic of COVID-19 has had a negative impact on the market. The early surge of the pandemic shook markets in the worst-affected countries, including India, Brazil, and Italy. China has consistently been a major supplier of key unrefined components and elements for assembling various types of hair frills, and many global manufacturers rely on China for the same.
Global Hair Accessories Market Scope
The hair accessories market is segmented on the basis of product, material, distribution channel and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Clips and Pins
- Head Bands
- Wigs and Extensions
- Elastics and Ties
- Others
Material
- Leather
- PU
- Cloth
- Plastics
- Metal
- Others
Distribution channel
- Supermarkets and Hypermarkets
- Multi-Branded Retail Stores
- General Stores
- Exclusive Retail
- Online
End users
- Men
- Women
Hair Accessories Market Regional Analysis/Insights
The hair accessories market is analysed and market size insights and trends are provided by country, product, material, distribution channel and end user as referenced above.
The countries covered in the hair accessories market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the hair accessories market due to their increased purchasing power and demand for various hair accessory products. Furthermore, the growing popularity of Halloween celebrations is increasing consumer preference for hair accessories such as wigs and head bands, which will drive the growth of the region's hair accessories market during the forecast period.
The Asia-Pacific hair accessories market is expected to expand significantly due to consumers' increased need for hair accessories to complement their outfits due to developing fashion trends and changing style statements. Furthermore, major key players are expected to drive the region's hair accessories market growth in the coming years.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hair Accessories Market Share Analysis
The hair accessories market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hair accessories market.
Some of the major players operating in the hair accessories market are:
- L'oreal SA (France)
- Revlon, Inc. (U.S.)
- Coty, Inc. (U.K.)
- Indus Valley (India)
- Combe Incorporated (U.S.)
- Hoyu Co., Ltd (Japan)
- John Paul Mitchell Systems (U.S.)
- Cover Your Gray (U.S.)
- Kao Corporation (Japan)
- NATULIQUE ApS (Denmark)
- Puig (Spain)
- Coty Inc. (U.S.)
- Kao Corporation (Japan)
- The Estée Lauder Companies Inc. (U.S.)
- Oriflame Cosmetics AG (Switzerland)
- KOSÉ Corporation (Japan)
- CHANEL (U.K.)
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