Dublin, Jan. 10, 2022 (GLOBE NEWSWIRE) — The “Hair Accessories Market Size, Share, and Trends Analysis Report by Product (Clips & Pins, Wigs & Extensions, Rubber Bands & Ties), by Distribution Channel (Supermarkets & Hypermarkets, General Stores, In line), by region and segment forecast, 2021 – 2028” report has been added to from ResearchAndMarkets.com offer.
The global hair accessories market size is expected to reach USD 31.6 billion by 2028 and is expected to grow at a CAGR of 7.7% from 2021 to 2028.
The growth of the market is attributed to an increasing preference for fashionable products that serve utility and give a trendy look to hairstyles which is expected to drive the market throughout the forecast period.
Well-groomed hair can improve a person’s overall physical appearance. Over the past few years, people have been paying close attention to their hair care and styling routines because hair plays such a crucial role in self-perception. Lately, hair accessories have become popular among all ages and income groups, and styles can range from schoolgirl basics to catwalk fashion. The availability of high-end, budget-friendly hair accessories has also boosted demand and adoption of the products.
Hair bands and ties segment dominated the market and accounted for the major share of total revenue in 2020. Hair bands and ties have always been popular as they are indispensable in daily life for women to manage their hair . These products will continue to dominate the global market due to their easy availability, relatively low price and wide variety. Brands such as Claire’s and Conair Corporation offer a wide range of rubber bands and fasteners.
General stores have emerged as the largest segment in 2020 as they are the most popular distribution channels among consumers for purchasing hair accessories due to the convenience and easy availability of multiple brands. These stores are primarily located in densely populated, high-traffic areas and offer a moderate selection of hair-related products in response to growing consumer demand for products such as hairpins and clips, headbands, hair ties and ties.
Asia-Pacific dominated the market and generated the highest contribution of sales to market revenue in 2020. The growing number of working women, especially in the corporate sector and fashion industry, coupled with the increase in consumer purchasing power, has stimulated the demand for hair accessories. in developing countries in the region, such as India, Indonesia and China.
The market players face fierce competition from each other as some of them are among the leading manufacturers of hair accessories and have a large customer base.
Major players in the global market include a combination of a few established players and numerous start-ups such as Goody Products Inc., Claire’s, Conair Corporation, and H&M.
Highlights of the Hair Accessories Market Report
- Asia-Pacific is expected to register the fastest CAGR of 8.6% from 2021 to 2028 due to an increasing number of new product launches and rising consumer spending power
- The hair ties and hair ties segment accounted for the largest share of revenue in 2020 and is expected to grow at a CAGR of 8.0%, as they are essential for women to manage their hair on a daily basis.
- The general stores distribution channel segment accounted for the largest revenue share of 47.8% in 2020 and is expected to register a CAGR of 7.6% over the forecast period as general stores provide significant benefits to consumers, such as freedom of selection, lower prices, and high visibility of international brands
Main topics covered:
Chapter 1. Methodology and scope
1.1. Market segmentation and scope
1.2. Market definition
1.3. Acquiring information
1.4. Information analysis
1.5. Market formulation and data visualization
1.6. Data validation and publication
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product outlook
2.3. Distribution Channel Insights
2.4. Regional outlook
Chapter 3. Hair Accessories Market Variables, Trends and Scope
3.1. Market overview
3.2. Mapping of penetration and growth prospects
3.3. Impact of COVID-19 on the Hair Accessories market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restriction Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business environment analysis
3.6.1. Industry Analysis – Porter’s
3.7. Hair Accessories Market Roadmap
3.8. Market entry strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic analysis
4.2. Consumer trends and preferences
4.3. Factors affecting purchase decision
4.4. Consumer Product Adoption
4.5. Observations and Recommendations
Chapter 5. Hair Accessories Market: Type Analysis and Estimates
5.1. Type analysis and market share, 2020 and 2028
5.2. Clips and pins
5.4. Wigs and Extensions
5.5. Elastics and Ties
Chapter 6. Hair Accessories Market: Distribution Channel Estimates and Trend Analysis
6.1. Distribution channel movement analysis and market share, 2020 and 2028
6.2. Hypermarkets & Supermarkets
6.3. General stores
6.4. In line
Chapter 7. Hair Accessories Market: Regional Estimates and Trend Analysis
7.1. Market estimates and forecast, 2016-2028 (USD billion)
7.2. Market estimates and forecast, by product, 2016-2028 (USD billion)
7.3. Market estimates and forecast, by distribution channel, 2016-2028 (USD billion)
Chapter 8. Competitive Analysis
8.1. Major Global Players, Recent Developments and Their Impact on the Industry
8.2. Categorization of main companies/competitors (key innovators, market leaders, emerging players)
8.3. Supplier Landscape
8.3.1. Market share analysis of key companies, 2020
Chapter 9. Business Profiles
9.1. Company presentation
9.2. Financial performance
9.3. Product Benchmarking
9.4. Strategic initiatives
- Goody Products, Inc.
- forever 21
- Conair Corporation (Scunci)
- Lele Sadoughi
- Annie International Inc.
- Fromm International
- London silk
- PuffCuff LLC
- Capillary theater company
- Bunzee Bands
- Riot Accessories LTD – Pony O
- SwirlyCurly Hair
- SOQ jewelry
- Creative Results, LLC
- Happy Hair Days
- Jennifer Behr
For more information on this report, visit https://www.researchandmarkets.com/r/u98lz6