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The hair extension market was valued at US$ 3,561.76 million in 2020 and is projected to reach US$ 4,929.13 million by 2028; it is expected to grow at a CAGR of 4.15% from 2020 to 2028.
Hair extensions help in adding length and volume to the natural human hair. Rising demand for self-grooming products and increasing per capita disposable income propel the growth of the global hair extensions market. However, unethical practices adopted in the hair industry hinder the market growth.
Based on source, the hair extension market is bifurcated into human and synthetic. The synthetic hair segment accounted for a larger market share in 2020 and the human hair segment is expected to register a higher CAGR in the market during the forecast period. Synthetic hair is made from numerous synthetic and blended fibres and does not contain human hair. These fibres are very fine, plastic fibres that are produced to imitate