Report Ocean introduces a fresh report examining the Professional Beauty Services Market, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Professional Beauty Services Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
Global Professional Beauty Services Market is valued at approximately USD 211.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2022-2029. Professional Beauty Services comprised of salons that offer cosmetic treatments to both women and men. There are different kinds of professional salons which provide different treatments such as hair salons, nail salons, skincare treatments, and merchandise sales. Many beauty services position themselves as full-service and offer a variety of services including hairdressing, manicures, waxing, tanning, and skincare among others. The growing expansion of global beauty & personal care industry and rising emergence of customized beauty services are key factors driving the market growth.
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The growing expansion of global beauty and personal care industry is contributing towards the growth of the Global Professional Beauty Services Market. For instance – according to Statista – as of 2023, revenue in the global beauty & personal care market is estimated at USD 571.10 billion, and as per projection, the market is projected to grow annually by CAGR of 3.80% between 2023 & 2027 to reach USD 662.98 billion towards the end of 2027. Also, rising integration of technology in beauty services such as Online Scheduling, digital payment gateways, SMS-based reminders and Check-ins, Social Media Marketing, online opinion and reviews for word-of-mouth marketing campaigns, and growing popularity of beauty services among men would create lucrative growth opportunities for the market over the forecast period. However, the high cost of Professional Beauty Services stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Professional Beauty Services Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading professional beauty service providers and increasing demand for beauty services among men and women in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising penetration of leading professional beauty salons and increasing adoption of cosmetics procedures by men in the region.
Major market players included in this report are:
Amazing Lash Studio
Cookie Cutters
Drybar
Fantastic Sams
Floyd’s Barbershop
Great Clips, Inc.
Lakme Salon
L’Oreal Professional
Regis Corporation
Sport Clips
Recent Developments in the Market:
In May 2022, USA-based Educated Beards, a leader in organic beard care products, announced a new partnership with Tommy Gun’s Original Barbershop. With this deal, the company would supply beard care products to 75 franchised barbershops of Tommy Gun’s Original Barbershop across Canada.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Service
Hair Service
Skin Service
Nail Service
Merchandise Sales
By Gender
Male
Female
By Age Group
18 to 25 Years
26 to 45 Years
46 Years and Above
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Reasons to Consider Purchasing the Professional Beauty Services Market Report:
Comprehensive Market Insights: Delve into the depths of the Professional Beauty Services Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Professional Beauty Services market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the Professional Beauty Services market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Professional Beauty Services market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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