The global hair accessories market size is expected to reach USD 31.6 billion by 2028, according to a new report by the publisher. The market is expected to expand at a CAGR of 7.7% from 2021 to 2028. The market growth is attributed to a rising preference for fashionable products that serve the purpose of utility as well as give a trendy look to the hairdo is expected to drive the market throughout the forecasted period.
Well-styled hair can enhance the overall physical appearance of a person. Over the past few years, people have been paying significant attention to their hair care and styling routines as hair play a crucial role in self-perception. Lately, hair accessories have become popular among all ages and income groups, and styles can range from schoolgirl staples to runway fashion. The availability of both premium and budget-friendly hair accessories has also boosted product demand and uptake.
The elastics and ties segment led the market and accounted for the leading share of the total revenue in 2020. Hair elastics and ties have always been popular since they serve as a daily essential for women to manage their hair. These products will continue to lead the global market due to their easy availability, relatively lower price, and wide variety. Brands such as Claire’s and Conair Corporation offer a wide range of elastics and ties.
General stores emerged as the largest segment in 2020 as they are the most popular distribution channels among consumers for the purchase of hair accessories due to the convenience and easy availability of multiple brands. These stores are mostly located in densely populated areas with high footfall and offer a moderate selection of hair-associated products in response to growing consumer demand for products such as hairpins and clips, headbands, and elastics and ties.
Asia Pacific dominated the market and generated the highest contribution of sales to the market revenue in 2020. The increasing number of working women, especially in the corporate sector and fashion industry, coupled with the rising spending power of consumers has driven the demand for hair accessories in developing countries across the region, such as India, Indonesia, and China.
The market players face stiff competition from each other as some of them are among the top hair accessories manufacturers and have a large customer base. Major players in the global market include a combination of a few established players and many start-ups such as Goody Products inc., Claire’s, Conair Corporation, and H&M.
Well-styled hair can enhance the overall physical appearance of a person. Over the past few years, people have been paying significant attention to their hair care and styling routines as hair play a crucial role in self-perception. Lately, hair accessories have become popular among all ages and income groups, and styles can range from schoolgirl staples to runway fashion. The availability of both premium and budget-friendly hair accessories has also boosted product demand and uptake.
The elastics and ties segment led the market and accounted for the leading share of the total revenue in 2020. Hair elastics and ties have always been popular since they serve as a daily essential for women to manage their hair. These products will continue to lead the global market due to their easy availability, relatively lower price, and wide variety. Brands such as Claire’s and Conair Corporation offer a wide range of elastics and ties.
General stores emerged as the largest segment in 2020 as they are the most popular distribution channels among consumers for the purchase of hair accessories due to the convenience and easy availability of multiple brands. These stores are mostly located in densely populated areas with high footfall and offer a moderate selection of hair-associated products in response to growing consumer demand for products such as hairpins and clips, headbands, and elastics and ties.
Asia Pacific dominated the market and generated the highest contribution of sales to the market revenue in 2020. The increasing number of working women, especially in the corporate sector and fashion industry, coupled with the rising spending power of consumers has driven the demand for hair accessories in developing countries across the region, such as India, Indonesia, and China.
The market players face stiff competition from each other as some of them are among the top hair accessories manufacturers and have a large customer base. Major players in the global market include a combination of a few established players and many start-ups such as Goody Products inc., Claire’s, Conair Corporation, and H&M.
Hair Accessories Market Report Highlights
- Asia Pacific is projected to register the fastest CAGR of 8.6% from 2021 to 2028 due to a growing number of new product launches and the rising spending power of consumers
- The elastics and ties segment accounted for the largest revenue share in 2020 and is expected to expand at a CAGR of 8.0% since they serve as a daily essential for women to manage their hair
- 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, since general stores offer significant advantages to consumers, such as freedom of selection, lower prices, and high visibility of international brands
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Distribution Channel Outlook
2.4. Regional Outlook
Chapter 3. Hair Accessories Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
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 Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Hair Accessories Market
3.8. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preference
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. Hair Accessories Market: Type Analysis & Estimates
5.1. Type Analysis & Market Share, 2020 & 2028
5.2. Clips & Pins
5.2.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
5.3. Headbands
5.3.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
5.4. Wigs & Extensions
5.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
5.5. Elastics & Ties
5.5.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
5.6. Others
5.6.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
Chapter 6. Hair Accessories Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2020 & 2028
6.2. Hypermarkets & Supermarkets
6.2.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
6.3. General Stores
6.3.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
6.4. Online
6.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
Chapter 7. Hair Accessories Market: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
7.1.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
7.1.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
7.1.4. U.S.
7.1.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
7.1.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
7.1.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
7.2. Europe
7.2.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
7.2.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
7.2.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
7.2.4. Germany
7.2.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
7.2.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
7.2.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
7.2.5. U.K.
7.2.5.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
7.2.5.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
7.2.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
7.3. Asia Pacific
7.3.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
7.3.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
7.3.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
7.3.4. China
7.3.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
7.3.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
7.3.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
7.3.5. India
7.3.5.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
7.3.5.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
7.3.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
7.4. Central & South America
7.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
7.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
7.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
7.4.4. Brazil
7.4.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
7.4.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
7.4.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
7.5. Middle East & Africa
7.5.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
7.5.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
7.5.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
7.5.4. South Africa
7.5.4.1. Market estimates and forecast, 2016 - 2028 (USD Billion)
7.5.4.2. Market estimates and forecast, by product, 2016 - 2028 (USD Billion)
7.5.4.3. Market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2020
Chapter 9. Company Profiles
9.1. Goody Products, Inc.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Claire’s
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. H&M
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Forever 21
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Conair Corporation (Scunci)
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Lele Sadoughi
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Annie International Inc.
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Fromm International
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. L. ERICKSON
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Silke London
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
9.11. Invisibobble,
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Strategic Initiatives
9.12. PuffCuff LLC
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Strategic Initiatives
9.13. Hair Drama Company
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Strategic Initiatives
9.14. Bunzee Bands
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Strategic Initiatives
9.15. Riot Accessories LTD - Pony O
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Strategic Initiatives
9.16. SwirlyCurly Hair
9.16.1. Company Overview
9.16.2. Financial Performance
9.16.3. Product Benchmarking
9.16.4. Strategic Initiatives
9.17. SOQ Jewelry
9.17.1. Company Overview
9.17.2. Financial Performance
9.17.3. Product Benchmarking
9.17.4. Strategic Initiatives
9.18. Creative Findings, LLC
9.18.1. Company Overview
9.18.2. Financial Performance
9.18.3. Product Benchmarking
9.18.4. Strategic Initiatives
9.19. Good Hair Days
9.19.1. Company Overview
9.19.2. Financial Performance
9.19.3. Product Benchmarking
9.19.4. Strategic Initiatives
9.20. Jennifer Behr
9.20.1. Company Overview
9.20.2. Financial Performance
9.20.3. Product Benchmarking
9.20.4. Strategic Initiatives
List of Tables
1. Hair accessories market - Driving factor market analysis
2. Labor force participation rate, female (% of female population aged 15+)
3. Hair accessories market - Restraint factor market analysis
4. Clips & pins market estimates and forecast, 2016 - 2028 (USD Billion)
5. Headbands market estimates and forecast, 2016 - 2028 (USD Billion)
6. Wigs & extensions market estimates and forecast, 2016 - 2028 (USD Billion)
7. Elastics & ties market estimates and forecast, 2016 - 2028 (USD Billion)
8. Other hair accessories market estimates and forecast, 2016 - 2028 (USD Billion)
9. Hair accessories market estimates and forecast through supermarkets/hypermarkets, 2016 - 2028 (USD Billion)
10. Hair accessories market estimates and forecast through general stores, 2016 - 2028 (USD Billion)
11. Hair accessories market estimates and forecast through online distribution channel, 2016 - 2028 (USD Billion)
12. North America hair accessories market estimates and forecast, 2016 - 2028 (USD Billion)
13. North America hair accessories market estimates and forecast, by product, 2016 - 2028 (USD Billion)
14. North America hair accessories market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
15. U.S. hair accessories market estimates and forecast, 2016 - 2028 (USD Billion)
16. U.S. hair accessories market estimates and forecast, by product, 2016 - 2028 (USD Billion)
17. U.S. hair accessories market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
18. Europe hair accessories market estimates and forecast, 2016 - 2028 (USD Billion)
19. Europe hair accessories market estimates and forecast, by product, 2016 - 2028 (USD Billion)
20. Europe hair accessories market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
21. Germany hair accessories market estimates and forecast, 2016 - 2028 (USD Billion)
22. Germany hair accessories market estimates and forecast, by product, 2016 - 2028 (USD Billion)
23. Germany hair accessories market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
24. U.K. hair accessories market estimates and forecast, 2016 - 2028 (USD Billion)
25. U.K. hair accessories market estimates and forecast, by product, 2016 - 2028 (USD Billion)
26. U.K. hair accessories market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
27. Asia Pacific hair accessories market estimates and forecast, 2016 - 2028 (USD Billion)
28. Asia Pacific hair accessories market estimates and forecast, by product, 2016 - 2028 (USD Billion)
29. Asia Pacific hair accessories market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
30. China hair accessories market estimates and forecast, 2016 - 2028 (USD Billion)
31. China hair accessories market estimates and forecast, by product, 2016 - 2028 (USD Billion)
32. China hair accessories market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
33. India hair accessories market estimates and forecast, 2016 - 2028 (USD Billion)
34. India hair accessories market estimates and forecast, by product, 2016 - 2028 (USD Billion)
35. India hair accessories market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
36. Central & South America hair accessories market estimates and forecast, 2016 - 2028 (USD Billion)
37. Central & South America hair accessories market estimates and forecast, by product, 2016 - 2028 (USD Billion)
38. Central & South America hair accessories market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
39. Brazil hair accessories market estimates and forecast, 2016 - 2028 (USD Billion)
40. Brazil hair accessories market estimates and forecast, by product, 2016 - 2028 (USD Billion)
41. Brazil hair accessories market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
42. Middle East & Africa hair accessories market estimates and forecast, 2016 - 2028 (USD Billion)
43. Middle East & Africa hair accessories market estimates and forecast, by product, 2016 - 2028 (USD Billion)
44. Middle East & Africa hair accessories market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
45. South Africa hair accessories market estimates and forecast, 2016 - 2028 (USD Billion)
46. South Africa hair accessories market estimates and forecast, by product, 2016 - 2028 (USD Billion)
47. South Africa hair accessories market estimates and forecast, by distribution channel, 2016 - 2028 (USD Billion)
48. Company categorizationList of Figures
1. Hair accessories market segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Hair accessories market - Penetration & growth prospect mapping
7. Hair accessories market - Value chain analysis
8. Hair accessories market: Porter’s five forces analysis
9. Roadmap of the hair accessories market
10. Factors affecting buying decisions for hair accessories
11. Hair accessories market: Product share (%) analysis, 2020 & 2028
12. Hair accessories market: Distribution channel share (%) analysis, 2020 & 2028
13. Hair accessories market: Regional share (%) analysis, 2020 & 2028
14. Key hair accessories company market share analysis, 2020
Companies Mentioned
- Goody Products, Inc.
- Claire’s
- H&M
- Forever 21
- Conair Corporation (Scunci)
- Lele Sadoughi
- Annie International Inc.
- L. ERICKSON
- Silke London
- Invisibobble,
- PuffCuff LLC
- Bunzee Bands
- Riot Accessories LTD - Pony O
- SwirlyCurly Hair
- SOQ Jewelry
- Creative Findings, LLC
- Good Hair Days
- Jennifer Behr
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 85 |
| Published | November 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD | $ 17.4 billion |
| Forecasted Market Value ( USD | $ 31.6 billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
