According  to the research report titled, ‘Global Hair Accessories Market Size study, by Product (Clips & Pins, Head Bands, Wigs & Extensions and Others), by Distribution Channel (Supermarkets & Hypermarkets, General Stores and Online), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global hair accessories market was valued at USD 26.54 billion in 2020 and expected to register an annual growth rate of 15.2% over 2021-2027, thereby accumulating USD 71.46 billion by 2027.
 

Escalating demand for hair accessories and grooming products owing to rising beauty standards, surging disposable income, and rapid innovative product launches are aiding the expansion of global hair accessories market. Citing an instance, a well-known beauty accessory brand BaubleBar launched a range of hair accessories in March 2019, including ribbons, scrunchies, mix-and-match barrettes, among others.
 

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In addition, increasing social media influence, rising number of advertisements to promote hair accessories, and developing e-commerce scenario are augmenting the overall industry outlook. On the contrary, easy availability of counterfeit products is likely to hamper the remuneration scope of the marketplace in the ensuing years.
 

In terms of product, the market sphere is bifurcated into wigs & extensions, clips & pins, head bands, and others, whereas, fragmentation of global hair accessories market based on distribution channel includes online, general stores, and supermarkets & hypermarkets.
 

The report further assesses the aforementioned segments to accurately determine the size and scope of this industry vertical.
 

Speaking of the geographical landscape, North America, Europe, Asia Pacific, and Latin America are considered to understand the dynamics of this business sphere. Among these, Asia Pacific market is projected to amass notable gains during 2021-2027, accreditable to strong demand for hair accessories from women, rising demand for personal care products, evolving fashion trends, and convenient product manufacturing scenario in the region.
 

Goriki Kogyo Co. Ltd., e-Novita, Hairlocs International, Sta-Rite Ginnie Lou Inc., Hairline Illusions LLC, Diana Enterprise USA Inc., Claire’s Holdings LLC, Goody Products Inc., and JD Beauty Group are the major players profiled in global hair accessories market report.
 

These mentioned companies are undertaking various strategies like mergers & acquisitions, new product launches, investments, and partnerships to further strengthen their footprint in the overall market and garner significant returns.