At 5.1% CAGR, Europe Hair Extensions Market is Projected to be Worth US$ 1,735.53 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Europe hair extensions market was valued at US$ 1,166.58 million in 2023 and is expected to reach US$ 1,735.53 million by 2031, registering a CAGR of 5.1% from 2023 to 2031. Growing utilization of hair extensions in entertainment and fashion industry and rising adoption of self-grooming products are among the critical factors attributed to drive the Europe hair extensions market growth.

The demand for hair extensions in the entertainment and fashion industry is anticipated to grow significantly due to the increasing preference for hair extensions among models and celebrities. The industry is anticipated to grow owing to the surge in the incidence of hair fall among women and men. Also, in terms of revenue, hair extensions are highly adopted in the entertainment and fashion industry owing to rising incidence of alopecia. The fashion and entertainment industry has become vital for the sale and adoption of hair extensions products. Production and fashion houses stock numerous hair extensions for models and actors since they perform distinguished roles and characters. The upsurge in hair ailments among consumers is also assisting the industry to grow at a uniform pace. The number of individuals suffering from hair fall is increasing rapidly, owing to which several people are choosing hair extensions. Thus, such factors are creating lucrative opportunities for the growth of the Europe hair extensions market.

On the contrary, unethical practices in hair industry hampers the growth of Europe hair extensions market.

By product type, the Europe hair extensions market is segmented into tape-in, fusion and pre-bonded, clip-in, weft, and others. The clip-in segment held 48.3% share of Europe hair extensions market share in 2023, amassing US$ 563.25 million. It is projected to garner US$ 790.45 million by 2031 to register 4.3% CAGR during 2023–2031.

In terms of source, the Europe hair extensions market is segmented into human hair and synthetic hair. The synthetic hair segment held 53.7% share of Europe hair extensions market share in 2023, amassing US$ 625.89 million. It is projected to garner US$ 910.85 million by 2031 to register 4.8% CAGR during 2023–2031.

In terms of distribution channel, the Europe hair extensions market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held 53.3% share of Europe hair extensions market share in 2023, amassing US$ 621.32 million. It is projected to garner US$ 931.60 million by 2031 to register 5.2% CAGR during 2023–2031.

Based on country, the Europe hair extensions market is categorized into Germany, France, the UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 38.0% share of Europe hair extensions market in 2023. It was assessed at US$ 443.09 million in 2023 and is likely to hit US$ 629.75 million by 2031, registering a CAGR of 4.5% during 2023–2031.

Key players operating in the Europe hair extensions market are Balmain Hair Group BV, Barclay Wolf Ltd, Evergreen Products Group Ltd, Great Lengths SpA, and Socap USA Inc, among others.

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