Product Code: ETC382764 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
India Human Hair Extension market currently, in 2023, has witnessed an HHI of 3257, Which has decreased slightly as compared to the HHI of 4710 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The India human hair extension market is one of the most lucrative markets in the country. India had a share of around 18% in the global demand for human hair extensions, making it one of the largest suppliers globally. The market size reached INR 11 billion and was expected to grow at 7.6% CAGR. Most of this growth can be attributed to an increasing preference for natural or artificial hair among both men and women. Further, rising disposable incomes coupled with growing fashion trends and improved product quality are driving up demand in India as well as overseas markets such as USA, UK and Europe. Additionally, brand expansion through online channels has been a key factor contributing to its success in recent years.
The India human hair extension market has experienced remarkable growth, largely driven by the rising beauty and cosmetic industry. Hair extensions are increasingly favored by individuals seeking to experiment with different hairstyles and looks. Additionally, the entertainment industry`s influence and the widespread use of social media platforms have played a significant role in popularizing hair extensions, driving their demand.
In the India human hair extension market, the major challenge lies in ensuring the authenticity and quality of hair extensions. With the prevalence of counterfeit products and unethical sourcing practices, building trust with consumers becomes a critical issue.
The human hair extension market faced challenges as well, with salons and beauty parlors remaining closed or operating with limited capacity during the pandemic. The reduced social events and gatherings also led to lower demand for hair extensions, affecting the market.
The India human hair extension market has flourished with the increasing focus on appearance and beauty. Leading players in this market include Tirumala Hair, IMTC Hair Factory, A.L. Kishore`s, and Raj Hair International.