Are you prepared to launch a hair business and uncertain where to find reliable wholesale hair factories? This article will provide you with the facts and obscure areas of this sector, enabling you to select the right hair factories for your hair organization. Potential of the wholesale hair factories and the hair extension market
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1. Does the hair business have as much potential as claimed? Is creating a hair business worthwhile and profitable? Let’s discover the solution.
People today are paying greater attention to their hairstyle as a result of realizing the significant impact it has on their looks. Hair extensions haven’t shown any signs of slowing down recently. Numerous wholesale hair factories throughout the world have taken advantage of this multibillion-dollar pie.
By 2028, it is projected that the business for human hair extensions would have grown by about 8.8% yearly starting in 2022. (New Report research).
Wholesale hair companies have achieved tremendous profits in regions where there is a high demand for hair extensions, such as Europe, Africa, and America:
- Despite having a developing economy, wholesale hair factories in Africa, particularly Nigeria, may sell hair for up to five times the original price. In Nigeria, there is such a high demand for hair extensions that the country’s business is believed to be worth over $6 billion per year and is growing quickly.
- Due to the diversified population’s need for beauty, wholesale hair factories in the US can generate profits that are ten times more than the original cost.
- On the European market, wholesale hair producers can generate significant profits of up to 20 times their initial investment. Because of the movement toward green consumption, Europeans favour human hair over synthetic hair.
Thus, it is impossible to dispute hair extensions’ incredible potential and enormous financial benefits. Consequently, don’t be reluctant to launch a hair business if you so choose.
2. What are the best wholesale hair factories?
Although there are many wholesale hair factories worldwide, the biggest and best-known ones are located in three primary countries: Vietnam and China. Each region’s hair origin, hair traits, processing method, and cost are unique.
2.1. Vietnam – the source of high-quality hair extensions supplied by wholesale hair factories.
Vietnam’s wholesale hair companies are renowned for producing natural hair of the highest quality and durability. Despite having a later start than other nations, Vietnam’s hair extension market grew swiftly and left a mark on customers all over the world.
- Source of hair: Vietnamese wholesale raw hair vendors mostly source their supplies from the Northern highland area, where ladies have a custom of growing out their hair long.
- Price: The cost of hair often varies by length, hairstyle, and grade. Due to their great quality, they can be the most affordable and competitive. The price for a 6-inch bundle starts at $7.
Wholesale hair factories in Vietnam are consistently the best options for hair merchants and hair salons around the world due to their great quality and affordable costs.
2.2. The largest wholesale hair factories are in China.
It is not surprising that China is home to the largest wholesale hair factories in the world with the most advanced technology given its enormous population and plentiful supply of hair. The following traits describe these hair factories:
- Source of hair: Chinese ladies in the areas where long hair is grown used to be the major source of the country’s hair. wholesale hair factories also import materials from nearby nations like Laos, Cambodia, Myanmar, India,… Remy hair is the most common kind of hair in China.
China – where the biggest wholesale hair factories located - Hair processing method: Very cutting-edge machinery is used by China’s wholesale hair factories. Thus, Chinese wholesale hair companies are able to create hair extension goods that are lovely, extremely shiny, smooth, and sparkling from a variety of low-quality hair.