WebThe global wig, hair extension, and hairpiece market will reach $13.28 billion in value by 2026. (Statista) Though the hair extension, hair piece, and wig market have all encountered some issues during the last couple of years as a result of the pandemic, the overall growth of the wider industry appears positive. WebJun 10, 2024 · Black brands make up only 2.5 percent of revenue in the beauty industry. Yet Black consumers are responsible for 11.1 percent of total beauty spending. Black consumers are three times more likely to be dissatisfied than non-Black consumers with their options for hair care, skin care, and makeup.
Hair Salons in the US - Market Size IBISWorld
WebThis has resulted in a long-term trend toward minimalism and efficiency. The Black hair care market is projected to remain flat through 2027, as a prolonged period of economic uncertainty will lead to continued cautious spending habits. With only small gains predicted due to inflationary pricing, natural Black hair care product positioning will ... how to check where the head is git
70+ Key Black Hair Industry Statistics & Facts in 2024
WebSep 22, 2024 · Researchers at the National Institutes of Health (NIH) found that Black women using permanent hair dye every 5 to 8 weeks or more have a 60% increased risk of developing breast cancer. 8. The NIH findings also indicated that all women who use chemical hair straighteners every 5 to 8 weeks were 30% more likely to develop breast … WebAug 27, 2024 · Black Hair Industry Statistics 2024 33. Statistics show that 82% of Black Americans say it’s important to be well-groomed. 34. African-Americans spend $1.2 trillion each year in the beauty industry, which is projected to rise to $1.5 trillion. 35. In 2024, the Black hair care industry gained an estimated $2.51 billion. WebIn 2024, black consumers spent $473M on hair products, which is 11.3% of sales for the $4.2B hair care industry. Black consumers in the US spend disproportionately on … how to check where ubuntu is installed