Wig Market to Reach $3 Billion by 2028; Increasing Hair Loss Problems to Fuel Market Growth, Fortune Business Insights™ – QNT Press Release

Pune, India, January 11, 2022 (GLOBE NEWSWIRE) — Global wig market It is expected that the scale will reach $3 billion By 2028, the compound annual growth rate is 4.0% Between 2021 and 2028. in its title “wig market, 2021-2028Fortune Business Insights mentioned that the market is in $1.94 billion In 2020, it is expected that $2.28 billion 2021.

Recently, people have realized that using wigs can enhance their appearance and boost the confidence of a person who is dealing with excessive hair loss. Using these wigs is easy and companies are coming up with custom and personalized designs to meet the needs of consumers. In addition, high spending by people to keep up with trends is expanding the demand for wigs as fashion products.

COVID-19 Impact

The COVID-19 pandemic has positively impacted the market. Sedans have been shut down during the pandemic, which has affected people using wigs as an alternative to achieve the look they want. Additionally, a large number of people infected with the virus are witnessing hair loss issues, which may spur demand for the product. For example, data released by National Public Radio in March 2021 showed that 22% of hospitalized patients with COVID-19 in China reported hair loss after six months.

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Market Segmentation:

  • By product type, the market is segmented into human hair and synthetic hair.
  • Based on type, the human hair segment accounted for 66.28% of the market share in 2020. This is due to the product’s ability to look and feel very natural.
  • Male and female by end user. According to distribution channels, it is divided into offline and online. Finally, on the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

Report Coverage –

This research report focuses on assessing the Wig Industry by considering all contributions, opportunities and…

The full story can be found on Benzinga.com

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