The Global Tribune

Hair Accessories Market Is Expected To Grow At 15.2% CAGR By 2025 Due To Growing Demand For Fashionable, Trendy Hairstyles, Classy Look And Modern Products | Million Insights

 Breaking News
  • No posts were found

Hair Accessories Market Is Expected To Grow At 15.2% CAGR By 2025 Due To Growing Demand For Fashionable, Trendy Hairstyles, Classy Look And Modern Products | Million Insights

February 02
05:12 2021
Hair Accessories Market Is Expected To Grow At 15.2% CAGR By 2025 Due To Growing Demand For Fashionable, Trendy Hairstyles, Classy Look And Modern Products | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global hair accessories industry report includes in-depth market analysis by recent technologies, market size, share, trends, opportunities, challenges, key players and business strategies considering types, segment and future analysis

The global Hair Accessories Market size is projected to touch USD 53.6 billion by the end of 2025, according to a new report released by Million Insights. It is estimated to grow at a CAGR of 15.2% from 2019 to 2025. The market growth is driven by rising consciousness for hair grooming and growing inclination towards fashionable and trendy hair accessories that provides a classy look to hairs.

The growing influence of magazines and fashion media has supplemented the growth of the market. Moreover, growing popularity, celebrity endorsements and accessibility of fashionable videos, pictures and tutorials of trendy hairstyles and fashionable hair accessories have developed a new fashion taste in the customers. Also, increasing the online sales of several hair accessories such as ornamented and sequenced pins, clips and bands which are generally not sold through offline channels are projected to accelerate the demand for the product.

To download the sample PDF of Global Hair Accessories Market Report “Please” click here: https://www.millioninsights.com/industry-reports/global-hair-accessories-market/request-sample

 

Wigs and extensions are one of the most demanded accessories among African customers residing in Europe and the U.S. The growth is augmented by customer’s preference to give hairs a crinkled and curly look and growing popularity of celebrations like Halloween. Wigs are generally used by customers in Asia pacific to prevent hair loss. However, factors such as innovation in the manufacturing technology, availability of attractive hair accessories, and growing trends and fashionable hairstyles are also driving the market.

Elastics and ties held the largest share of 30.0%, in the year 2018. Continuous product innovation on account of design, materials and shapes are proliferating the market growth. Earlier elastics were made up of rubber or leather, but the innovation in manufacturing technology, which has allowed producers to use different textures to provide a bulkier effect that suits the outfit and supports the hair as well. On the other hand, wigs and extensions are projected to ascend with the fastest CAGR of 15.5% from 2019 to 2025. The market growth is boosted by African customers residing in South Africa as well as other regions who use these products daily to knot their hairs.

General stores let the distribution channel by a share of 39.7%, in the year 2018. People prefer using this segment due to several benefits like prior scanning of the product before purchase, availability of wide ranges, instant buying option and availability of associate that guides customers in the selection of the right product. Further, general stores have tie-ups with various retail outlets and beauty shops that provide a wide range of hair accessories to make a purchase decision.

The market is projected to grow significantly owing to increasing demand in regions such as Europe, MEA and Asia Pacific. Growing trends and changing fashionable hairstyles have surged the demand for stylish hair accessories that goes well with the outfit. This trend is projected to support market growth in the coming years.

To browse report summary & detailed TOC, “please” click the link below:
https://www.millioninsights.com/industry-reports/global-hair-accessories-market

 

Further key findings from the report suggest:

• The global hair accessories market is projected to grow with a CAGR of 15.2% over the forecast period, thereby touching USD 53.6 billion by the end of 2025.

• Elastics and ties held the largest market share of 30.0% in the year 2018 owing to continuous product innovation in terms of shapes, materials and designs.

• Wigs and extensions are anticipated to ascend with the fastest CAGR of 15.5% from 2019 to 2025.

• North America was the largest market with a share of 30.0% in the year 2018 due to rising demand from the African customers residing in the region.

• Key players in this industry include LATADA; Goody Products Inc.; Hairline Illusions; Claires; Diana Enterprise North America Inc.; Conair Corporation; and J&D Beauty Products.

Million Insights has segmented the global hair accessories market based on product, distribution channel, and region:

Hair Accessories Product Outlook (Revenue, USD Billion, 2015 – 2025)
    • Clips & Pins
    • Head Bands
    • Wigs & Extensions
    • Elastics & Ties
    • Others

Hair Accessories Distribution Channel Outlook (Revenue, USD Billion, 2015 – 2025)
    • Supermarkets & Hypermarkets
    • General Stores
    • Online

Hair Accessories Regional Outlook (Revenue, USD Billion, 2015 – 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • India
    • Central & South America
    • Middle East & Africa (MEA)
        • South Africa

Read the Latest Press Releases available with Million Insights:

1. Commercial Drone Market The global commercial drone market size would touch USD 129.23 billion by 2025, as estimated by Million Insights. Further, the market is projected to expand at over 56% CAGR from 2019 to 2025.

2. Automotive Electronics MarketThe global automotive electronics market size is likely to account for USD 493.69 billion in 2027, as per a new report by Million Insights. It is predicted that the market would register 9.0% CAGR from 2020 to 2027.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-hair-accessories-market