How Much Is the Hair Weave Industry Worth 2024? Hair Weave Industry Overview

The global hair weave market worth $10 billion by 2024.
The weave industry worth $6.6 billion in 2021, up from $5.8 billion in 2020, seeing 15% CAGR from 2021-2026, growing from $6.6 billion to $13.3 billion.
Asia-Pacific produce 43% hair weave, wigs, extensions market growth 2020-2024.
In the United States, these products popular among hair loss sufferers, African American and Orthodox Jewish communities, entertainment professionals.
The black hair weave industry complex, fascinating, compiling compelling statistics.
Google search queries hair weave peaked mid-2010s, hit 10-year low in April 2020.
40% of human hair consumers are in North America, contributing to a $2 billion industry in 2026.
Hair passes through ~100 hands before the final destination, with unprocessed hair from Hong Kong ($30.2 million exports) and India ($19 million).

Hair weave refers to an artificial hairpiece attached by fusing, gluing, blending to natural hair, using real human or synthetic fibers.
It adds length, volume, texture, and color to natural hair, camouflaging baldness, and thinning, and serves grooming needs.
Men and women globally utilize hair weaves driven by the rising consciousness of physical appearance, camouflaging baldness, and the demand for non-surgical hair loss treatments.
Natural hair weaves are projected to grow at a 4.1% CAGR from 2020-2026.
Online sales are showing the fastest growth at a 5.8% CAGR.

The industry is projected to grow to $13.28 billion by 2026.
Human hair is considered a premium choice due to meticulous processing that ensures quality, consistency, and versatility in styling and coloring.
Synthetic hair is more affordable but has limitations in styling and longevity.
Celebrity styles in magazines and movies and suppliers of human hair wigs extensions are factors driving the market expansion.
Asia-Pacific accounts for 43% of the growth in wigs and extensions from 2020-2024.
Hair weave is also used for achieving styles, lengths, and textures that are unachievable with natural hair.