Global Synthetic Lace Front Wigs Market is estimated to be valued at US$ 405.00 Million in 2022, according to the Global Synthetic Lace Front Wigs Market, By Lace Type (Swiss Lace, French Lace, and Others), By Lace Color (Transparent, Brown, Black, and Others), by Distribution Channel (Specialty Stores, Online Channels, and Others), and By Region (North America, Europe, Asia-pacific, Latin America, Middle East & Africa), published by Coherent Market Insights.
Global synthetic lace front wigs market was valued at US$ 405.00 Million in 2022. Global synthetic lace front wigs market is expected to register a CAGR of 9.02% over the forecast period (2023–2030), to reach US$ 808.24 Million by 2030.
The low price of synthetic lace front wigs as compared to the human hair wig is the major factor propelling demand for synthetic lace front wigs in the global market. Furthermore, the rising penchant among the young population, towards changing their look is fuelling demand for wigs, which in turn, supports the growth of the market, as wigs do not cause damage to the scalp or hair, unlike other permanent options such as hair coloring, straitening, and bonding, which may damage hair resulting in hair loss. Rising awareness regarding these factors is supporting market growth worldwide.
To know the latest trends and insights prevalent in this market, click the link below:
http://www.coherentmarketresearch.in/market-insight/synthetic-lace-front-wigs-market-1896
Key Trends and Analysis of the Global Synthetic Lace Front Wigs Market:
- Based on lace type, the market is segmented into Swiss lace, French Lace, and others. Swiss lace dominated the market in 2021. Swiss lace is finer and easily blends with the skin to provide a less visible appearance as compared to French lace. The realistic look offered by this wig is the major factor propelling the demand for Swiss lace from wig industries. However, French lace is thick with a smaller opening and it is more durable as compared to Swiss lace.
- Based on the distribution channel, the market is segmented into specialty stores, online channels, and others. The online channel segment is expected to witness the fastest growth during the forecast period, witnessing the highest CAGR, among all.
Key Takeaways of the Global Synthetic Lace Front Wigs Market:
- In North America, the rising prevalence of cancer is anticipated to support market growth. Cancer treatment involves chemotherapy, which results in hair loss. According to the data provided by the American Cancer Society (ACS), in 2022.
- Patients who underwent chemotherapy, highly prefer buying a wig, and thus, the rising cases of cancer are anticipated to support the overall growth of the synthetic lace front wig market. Furthermore, according to the American Cancer Society, synthetic wigs are suitable over human hair wigs for patients with less energy during cancer treatment, which in turn is anticipated to boost the market growth of synthetic lace front wigs.
- Key players operating in the global synthetic lace front wigs market include Anhui Fortune Fashion Culture Co. Ltd., Henan Ruimei Hair Products Co. Ltd., Qingdao Urjoy wigs co.Ltd. Shake-N-Go Fashion, Inc. Yuzhou Shenlong Hair Products Co. Ltd., and Xuchang Dadi Industries Co. Ltd.
