Hair accessories are an integral part of consumers' fashion styles, with people frequently buying these items in diverse designs to enhance their overall look and complement their outfits.
As a result, there's a growing demand for varied hair accessories.
This has led to a boom in the global hair accessories industry, which is currently valued at $25.48 billion and expected to grow to about $33.71 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 5.4%.
This trend indicates that investing in wholesale hair accessories can be a wise business decision.
However, to truly succeed in this market, it's critical to source the best products.
This requires partnering with reliable wholesale distributors who can provide top-quality hair accessories for your inventory.
While there are many distributors that offer a wide range of hair products, choosing the best one can be difficult.
What to Look for While Choosing a Hair Distributor
When choosing the distributors for your wholesale business, several key factors should be considered:
- Diversity of products: The diversity of products is the demand of the customers, so you should focus on it. Check the distributor for the followings:
- A complete range of hair extensions including all hair colors and textures
- A wide collection of hairpins, ties, etc. to keep up with all trends in hairstyles
- Stock availability: Excellent stock management makes a distributor the best. So, seal the deal with a distributor who can replenish your store’s stock even at short notice.
- Wide area coverage: If you’re planning to expand your sales territory or buy warehouses in different locations. Contact a distributor with a vast area coverage so that he can reach you wherever you go.
- Diversity: The hair distributor should offer a diverse range of hair accessories to cater to different customer preferences, which could include various colors, textures, sizes, and styles.
- Product Quality: It's advisable to order a sample before committing to a large order to ensure the items are well-made and durable.
Understanding Current Trends
Understanding current trends in the hair industry is also crucial for making informed purchasing decisions:
- Growing Demand for Hair Extensions and Wigs: There's a growing demand for hair extensions and wigs, partly due to hair loss issues and partly because of a widespread desire to look good. As a result, certain types of hair extensions, like halo extensions and curly bundles, are trending.
- Sparkling Designs and Bold Colors: Hair accessories with sparkling designs and bold colors are currently in vogue.
- Retro Style: Retro styles are also popular, with some 90s-era accessories like bows, classic and minimal barrettes, claw clips, scrunchies, and velvet headbands making a comeback.
By selecting the right wholesale hair distributors and staying on top of industry trends, you can effectively cater to the demand for stylish and diverse hair accessories in your business.