GITNUX MARKETDATA REPORT 2024

Must-Know Hair Weave Industry Statistics [Current Data]

Statistic 1

"The global hair weave market was valued at $5.4 billion in 2019."

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Statistic 2

"North America dominated the hair weave industry in 2019, with a market share of 38.4%."

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Statistic 3

"Human hair accounts for more than 80% of hair weave sales."

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Statistic 4

"The most significant growth in the hair weave market is expected to be seen in the Asia-Pacific region."

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Statistic 5

"Natural hair weaves are anticipated to grow at a CAGR of 4.1% during 2020-2026."

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Statistic 6

"Online sales channels are projected to witness the fastest growth in the hair weave market, with a CAGR of 5.8%."

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Statistic 7

"Brazil is one of the leading exporters of hair for hair weaves, with approximately 90 tons of hair exported in 2018."

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Statistic 8

"African Americans make up around 70% of the consumer base for hair weave products in the United States."

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Statistic 9

"The market for hair weaves in Europe is projected to grow at a CAGR of 6.1% during 2020-2025."

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Statistic 10

"In 2019, the hair extension industry (including hair weaves) was responsible for creating over 150,000 jobs worldwide."

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Statistic 11

"In the United States, the hair weave industry is estimated to have over 9,000 businesses."

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Statistic 12

"On average, a pack of hair weave costs around $95 in the United States."

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Statistic 13

"The hair weave industry has created approximately $190 million in sales of hair care products."

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Statistic 14

"Around 70% of overall spending on wigs and extensions, including hair weaves, comes from African heritage women."

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Statistic 15

"Hair weaves are a part of the larger hair extension market, which is likely to grow at a CAGR of 5% globally till 2028."

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