Synthetic lace front wigs offer a natural look with human-like hair that can be styled easily. They are used as a fashion accessory and to conceal hair loss. The increasing beauty-conscious population and rising awareness about synthetic lace front wigs are driving their demand. The aging population is more inclined toward these wigs to cover baldness or thin hair. Additionally, changing fashion trends that promote experimenting with different hairstyles and colors are favoring market growth.
Market key trends:
The adoption of synthetic lace front wigs is growing rapidly owing to the rising aging population worldwide and shifting focus toward appearances. As per the United Nations, the number of people aged 60 years and above is projected to grow by 56% from 962 million in 2017 to 1.4 billion in 2030, globally. The aged skin produces lesser oil and has thinner hair due to hormonal changes. This makes synthetic lace front wigs an ideal choice for concealment of hair loss among the aging population. Additionally, changing fashion trends are promoting experimenting with different hairstyles and colors through synthetic wigs. Their realistic look and versatility to style multiple ways are fueling the product demand significantly.
Segment Analysis
The global synthetic lace front wigs market is dominated by the machine-made sub-segment. This is because machine-made wigs are much more affordable than hand-tied wigs and offer a more natural look compared to other alternatives. Machine-made wigs also have advanced technology incorporated that helps in providing a realistic hair parting.
Key Takeaways
The Global Synthetic Lace Front Wigs Market Growth is expected to witness high. The increasing demand for fashionable hairstyles and rising beauty consciousness among consumers are major factors fueling the market growth.
Regional analysis: North America currently dominates the global synthetic lace front wigs market and is expected to continue its dominance during the forecast period. This is owing to the rising number of aesthetic clinics in the region performing hair transplant surgeries. Additionally, the presence of key market players and increasing purchasing power of consumers also contribute to the high market share of North America.
Key players operating in the synthetic lace front wigs market are AxoSim Technologies LLC., BICO Group AB(Visikol), CN Bio Innovations Limited, Elveflow, Emulate, Inc., Insphero AG, Mimetas B.V., Nortis Inc., Organovo Holdings, Inc., and Tara Biosystems. AxoSim Technologies LLC offers synthetic lace front wigs with full-lace technology that ensures natural hair parting and integration.
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