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Major players like Evergreen Products Group Ltd., Godrej Consumer Products Ltd., and Klix Hair Extensions., collectively hold a market share of 15% and leverage their brand recognition and established distribution networks to maintain a strong market presence. These prominent players are proactively involved in strategic endeavors like mergers & acquisitions, facility expansions, and collaborations to expand their Product portfolios, extend their reach to a broader customer base, and strengthen their market position.
Major players operating in the Hair Wig and Extension industry include:
The offline distribution channel segment held 57.4% of the hair wig and extension market share in 2023 due to the preference of consumers to physically try on and compare products
Some of the major hair wig and extension firms include Klix Hair Extensions, Evergreen Products Group Ltd., and Godrej Consumer Products Ltd.
The human hair type segment reached USD 4.4 billion in 2023, attributing to their ability to render natural look to consumers.
Hair wig and extension industry size was USD 7.10 billion in 2023 and is anticipated to witness over 4.6% CAGR between 2024 and 2032 due to their increasing popularity in the beauty and fashion sector for offering individuals the opportunity to transform their look instantly