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Asia Pacific Hair Wig Market Forecast to 2030
Asia Pacific Hair Wig Market Forecast to 2030 – Regional Analysis – Type (Human Hair and Synthetic Hair), End User (Men and Women), and Distribution Channel (Specialty Stores, Online Retail, and Others)
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Description
Increased Promotion of Hair Wigs on Social Media Fuel Asia Pacific Hair wig market
Social media platforms have integrated shopping facilities, which allow several influencers and hairstylists to promote and sell hair wigs online. Consumers tend to purchase hair wigs and skin-related products to enhance their appearance on social media platforms. Moreover, the growing adoption of hair wigs by famous Hollywood and social media celebrities, especially in emerging countries such as China and India, influences viewers to use wigs to create looks inspired by these celebrities. Several hair wig companies prefer Instagram, Facebook, Pinterest, YouTube, and other social media platforms to endorse their brand and work. Such organizations record clients’ best hair transformation videos and upload them on social media platforms to showcase their work and reach target consumers. Secret Hair is one such company that has grown through social media by showcasing its work and using appropriate hashtags to reach the desired consumers. Instagram is among the most used social media platforms to sell hair wigs. Hair wigs are best shown off in consumer-generated content, where they exhibit their hair wig in video and picture tutorials. Therefore, the rising use of social media platforms to promote hair wigs is expected to bolster the Asia Pacific hair wig market in the coming years.
Asia Pacific Hair Wig Market Overview
The Asia Pacific hair wig market is segmented into China, India, Japan, South Korea, and Australia. An increasing number of people facing hair loss in India, China, and Japan due to stress, auto-immune diseases (Alopecia), pollution, fungal infections, cancer, hormonal imbalance, and Polycystic Ovary Syndrome (POS) is propelling the demand for hair wig as a solution for an appearance enhancement. Advancements in wig manufacturing techniques and materials have resulted in better quality, realistic-looking wigs, attracting consumers to opt for them. Evergreen Products Group Ltd, Henan Ruimei Products Co Ltd, Artnature Co Ltd, and Lordhair Co Ltd are among the key manufacturers that dominate the Asia Pacific hair wig market. Further, these leading manufacturers in the region are continuously looking forward to expanding their presence in the market.
Asia Pacific Hair Wig Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Hair Wig Market Segmentation
The Asia Pacific hair wig market is segmented into type, end user, distribution channel and country.
Based on type, the Asia Pacific hair wig market is bifurcated into hair and synthetic hair. The synthetic hair segment held a larger share of the Asia Pacific hair wig market in 2022.
Based on end user, the Asia Pacific hair wig market is bifurcated into men and women. The women segment held a larger share of the Asia Pacific hair wig market in 2022.
Based on distribution channel, the Asia Pacific specialty stores, online retail, and others. The specialty stores segment held the largest share of the Asia Pacific hair wig market in 2022.
Based on country, the Asia Pacific hair wig market is segmented into the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific dominated the Asia Pacific hair wig market in 2022.
Evergreen Products Group Ltd, HairUWear Inc, Henan Ruimei Products Co Ltd, Artnature Co Ltd, Lordhair Co Ltd, Papillon Hair World, UniWigs Inc, and Indique Hair LLC are some of the leading companies operating in the Asia Pacific hair wig market.
Summary Info
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According to the research team’ research, the Asia Pacific hair wig market was valued at US$ 922.50 million in 2022 and is expected to reach US$ 1,411.05 million by 2030, registering a CAGR of 5.5% from 2022 to 2030. Rising incidence of hair loss among patients undergoing cancer treatment and rising prevalence of alopecia and hair damage attributed to the Asia Pacific hair wig market expansion.
Hair wigs offer a versatile and convenient way for women to experiment with different hairstyles and colors without changing their natural hair permanently. Women can easily switch from short to long hair with wigs and instantly achieve a different look. In addition, wigs offer a practical solution for women suffering from hair loss or thinning due to medical conditions, age, or other factors. Wearing a wig can help boost their confidence and self-esteem, allowing them to maintain their desired appearance. Furthermore, hair wigs have become a popular fashion accessory and styling tool. Celebrities, social media influencers, and fashion icons frequently showcase various wig styles, influencing their fans and followers to try different looks and stay updated with the latest hair trends Hair wigs have become more accessible and affordable in recent years due to the advancements in manufacturing techniques and the rise in use of online shopping platforms. As a result, women from different socioeconomic backgrounds can now afford to purchase wigs, leading to a broader consumer base and an increase in overall demand. Manufacturers and sellers of hair wigs can capitalize by expanding their product lines by offering a wide range of wig styles, colors, and materials to cater to different preferences and increasing demand from the female population. Therefore, the rising popularity of wigs among the female population would present a substantial opportunity for the Asia Pacific hair wig market in the coming years.
On the contrary, rising competition from hair extensions and hair transplant procedures hinders the growth of Asia Pacific hair wig market.
Based on type, the Asia Pacific hair wig market is bifurcated into human hair and synthetic hair. The synthetic hair segment held 60.5% share of Asia Pacific hair wig market in 2022, amassing US$ 557.77 million. It is projected to garner US$ 803.09 million by 2030 to expand at 4.7% CAGR during 2022–2030.
Based on end user, the Asia Pacific hair wig market is bifurcated into men and women. The women segment held 69.4% share of Asia Pacific hair wig market in 2022, amassing US$ 640.15 million. It is projected to garner US$ 989.85 million by 2030 to expand at 5.6% CAGR during 2022–2030.
Based on distribution channel, the Asia Pacific hair wig market is segmented into specialty stores, online retail, and others. The specialty stores segment held 71.8% share of Asia Pacific hair wig market in 2022, amassing US$ 662.37 million. It is projected to garner US$ 1,007.64 million by 2030 to expand at 5.4% CAGR during 2022–2030.
Based on country, the Asia Pacific hair wig market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 41.5% share of Asia Pacific hair wig market in 2022. It was assessed at US$ 383.23 million in 2022 and is likely to hit US$ 557.19 million by 2030, exhibiting a CAGR of 4.8% during the 2022-2030.
Key players operating in the Asia Pacific hair wig market are Evergreen Products Group Ltd, HairUWear Inc, Henan Ruimei Products Co Ltd, Artnature Co Ltd, Lordhair Co Ltd, Papillon Hair World, UniWigs Inc, and Indique Hair LLC, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific hair wig market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific hair wig market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Hair Wig Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
4.3.1.1 List of Hair Wig Raw Material Suppliers
4.3.1.2 List of Hair Wig Manufacturers and Distributors
5. Asia Pacific Hair Wig Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Incidence of Hair Loss Among Patients Undergoing Cancer Treatment
5.1.2 Rising Prevalence of Alopecia and Hair Damage
5.2 Market Restraints
5.2.1 Rising Competition from Hair Extensions and Hair Transplant Procedures
5.3 Market Opportunities
5.3.1 Increasing Popularity of Wigs Among Women
5.4 Future Trends
5.4.1 Increased Promotion of Hair Wigs on Social Media
5.5 Impact of Drivers and Restraints:
6. Hair Wig Market – Asia Pacific Market Analysis
6.1 Asia Pacific Hair Wig Market Revenue (US$ Million), 2020 – 2030
6.2 Asia Pacific Hair Wig Market Forecast and Analysis
7. Asia Pacific Hair Wig Market Analysis – Type
7.1 Human Hair
7.1.1 Overview
7.1.2 Human Hair Market Revenue and Forecast to 2030 (US$ Million)
7.2 Synthetic Hair
7.2.1 Overview
7.2.2 Synthetic Hair Market Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Hair Wig Market Analysis – End User
8.1 Men
8.1.1 Overview
8.1.2 Men Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Women
8.2.1 Overview
8.2.2 Women Market Revenue, and Forecast to 2030 (US$ Million)
9. Asia Pacific Hair Wig Market Analysis – Distribution Channel
9.1 Specialty Stores
9.1.1 Overview
9.1.2 Specialty Stores Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Online Retail
9.2.1 Overview
9.2.2 Online Retail Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Others
9.3.1 Overview
9.3.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. Asia Pacific Hair Wig Market – Country Analysis
10.1 Asia Pacific Hair Wig Market
10.1.1 Overview
10.1.2 Asia Pacific Hair Wig Market, By Key Country- Revenue 2022 (US$ Million)
10.1.3 Asia Pacific Hair Wig Market Breakdown by Country
10.1.3.1 Australia Hair Wig Market Revenue and Forecasts To 2030 (US$ Million)
10.1.3.1.1 Australia Hair Wig Market Breakdown by Type
10.1.3.1.2 Australia Hair Wig Market Breakdown by End User
10.1.3.1.3 Australia Hair Wig Market Breakdown by Distribution Channel
10.1.3.2 China Hair Wig Market Revenue and Forecasts To 2030 (US$ Million)
10.1.3.2.1 China Hair Wig Market Breakdown by Type
10.1.3.2.2 China Hair Wig Market Breakdown by End User
10.1.3.2.3 China Hair Wig Market Breakdown by Distribution Channel
10.1.3.3 India Hair Wig Market Revenue and Forecasts To 2030 (US$ Million)
10.1.3.3.1 India Hair Wig Market Breakdown by Type
10.1.3.3.2 India Hair Wig Market Breakdown by End User
10.1.3.3.3 India Hair Wig Market Breakdown by Distribution Channel
10.1.3.4 Japan Hair Wig Market Revenue and Forecasts To 2030 (US$ Million)
10.1.3.4.1 Japan Hair Wig Market Breakdown by Type
10.1.3.4.2 Japan Hair Wig Market Breakdown by End User
10.1.3.4.3 Japan Hair Wig Market Breakdown by Distribution Channel
10.1.3.5 South Korea Asia Pacific Hair Wig Market Revenue and Forecasts To 2030 (US$ Million)
10.1.3.5.1 South Korea Asia Pacific Hair Wig Market Breakdown by Type
10.1.3.5.2 South Korea Asia Pacific Hair Wig Market Breakdown by End User
10.1.3.5.3 South Korea Asia Pacific Hair Wig Market Breakdown by Distribution Channel
10.1.3.6 Rest of Asia Pacific Hair Wig Market Revenue and Forecasts To 2030 (US$ Million)
10.1.3.6.1 Rest of Asia Pacific Hair Wig Market Breakdown by Type
10.1.3.6.2 Rest of Asia Pacific Hair Wig Market Breakdown by End User
10.1.3.6.3 Rest of Asia Pacific Hair Wig Market Breakdown by Distribution Channel
11. Competitive Landscape
11.1 Heat Map Analysis- By Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Evergreen Products Group Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 HairUWear Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Henan Ruimei Products Co Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Artnature Co Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Lordhair Co Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Papillon Hair World
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 UniWigs Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Indique Hair LLC
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
LIST OF TABLES
Table 1.            Asia Pacific Hair Wig Market Segmentation
Table 2.            Asia Pacific Hair Wig Market Revenue and Forecasts To 2030 (US$ Million)
Table 3.            Asia Pacific Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 4.            Asia Pacific Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – End User
Table 5.            Asia Pacific Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 6.            Australia Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 7.            Australia Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – End User
Table 8.            Australia Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 9.            China Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 10.         China Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – End User
Table 11.         China Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 12.         India Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 13.         India Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – End User
Table 14.         India Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 15.         Japan Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 16.         Japan Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – End User
Table 17.         Japan Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 18.         South Korea Asia Pacific Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 19.         South Korea Asia Pacific Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – End User
Table 20.         South Korea Asia Pacific Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 21.         Rest of Asia Pacific Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 22.         Rest of Asia Pacific Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – End User
Table 23.         Rest of Asia Pacific Hair Wig Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 24.         Heat Map Analysis- By Key Players
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LIST OF FIGURES
Figure 1.          Asia Pacific Hair Wig Market Segmentation, By Country
Figure 2.          Porter’s Five Forces Analysis
Figure 3.          Ecosystem: Asia Pacific Hair Wig Market
Figure 4.          Asia Pacific Hair Wig Market – Key Industry Dynamics
Figure 5.          Impact Analysis of Drivers and Restraints
Figure 6.          Asia Pacific Hair Wig Market Revenue (US$ Million), 2020 – 2030
Figure 7.          Asia Pacific Hair Wig Market Share (%) – Type, 2022 and 2030
Figure 8.          Human Hair Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9.          Synthetic Hair Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10.       Asia Pacific Hair Wig Market Share (%) –End User, 2022 and 2030
Figure 11.       Men Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12.       Women Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13.       Asia Pacific Hair Wig Market Share (%) –Distribution Channel, 2022 and 2030
Figure 14.       Specialty Stores Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15.       Online Retail Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16.       Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17.       Asia Pacific Hair Wig Market, By Key Country- Revenue 2022 (US$ Million)
Figure 18.       Asia Pacific Hair Wig Market Breakdown By Key Countries, 2022 And 2030 (%)
Figure 19.       Australia Hair Wig Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20.       China Hair Wig Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21.       India Hair Wig Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22.       Japan Hair Wig Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23.       South Korea Asia Pacific Hair Wig Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24.       Rest of Asia Pacific Hair Wig Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25.       Company Positioning & Concentration
The List of Companies – Asia Pacific Hair Wig Market
o Evergreen Products Group Ltd
o HairUWear Inc
o Henan Ruimei Products Co Ltd
o Artnature Co Ltd
o Lordhair Co Ltd
o Papillon Hair World
o UniWigs Inc
o Indique Hair LLC
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