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.
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.
Global Professional Beauty Services Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Service, Gender, Age Group, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
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
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
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Professional Beauty Services Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Professional Beauty Services Market, by Service, 2019-2029 (USD Billion)
- 1.2.3. Professional Beauty Services Market, by Gender, 2019-2029 (USD Billion)
- 1.2.4. Professional Beauty Services Market, by Age Group, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Professional Beauty Services Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Professional Beauty Services Market Dynamics
- 3.1. Professional Beauty Services Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing expansion of global beauty & personal care industry
- 3.1.1.2. Rising emergence of customized beauty services
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Professional Beauty Services
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising integration of technology in beauty services
- 3.1.3.2. Growing popularity of beauty services among men
Chapter 4. Global Professional Beauty Services Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Professional Beauty Services Market, by Service
- 6.1. Market Snapshot
- 6.2. Global Professional Beauty Services Market by Service, Performance - Potential Analysis
- 6.3. Global Professional Beauty Services Market Estimates & Forecasts by Service 2019-2029 (USD Billion)
- 6.4. Professional Beauty Services Market, Sub Segment Analysis
- 6.4.1. Hair Service
- 6.4.2. Skin Service
- 6.4.3. Nail Service
- 6.4.4. Merchandise Sales
Chapter 7. Global Professional Beauty Services Market, by Gender
- 7.1. Market Snapshot
- 7.2. Global Professional Beauty Services Market by Gender, Performance - Potential Analysis
- 7.3. Global Professional Beauty Services Market Estimates & Forecasts by Gender 2019-2029 (USD Billion)
- 7.4. Professional Beauty Services Market, Sub Segment Analysis
- 7.4.1. Male
- 7.4.2. Female
Chapter 8. Global Professional Beauty Services Market, by Age Group
- 8.1. Market Snapshot
- 8.2. Global Professional Beauty Services Market by Age Group, Performance - Potential Analysis
- 8.3. Global Professional Beauty Services Market Estimates & Forecasts by Age Group 2019-2029 (USD Billion)
- 8.4. Professional Beauty Services Market, Sub Segment Analysis
- 8.4.1. 18 to 25 Years
- 8.4.2. 26 to 45 Years
- 8.4.3. 46 Years and Above
Chapter 9. Global Professional Beauty Services Market, Regional Analysis
- 9.1. Professional Beauty Services Market, Regional Market Snapshot
- 9.2. North America Professional Beauty Services Market
- 9.2.1. U.S. Professional Beauty Services Market
- 9.2.1.1. Service breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Gender breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Age Group breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Professional Beauty Services Market
- 9.3. Europe Professional Beauty Services Market Snapshot
- 9.3.1. U.K. Professional Beauty Services Market
- 9.3.2. Germany Professional Beauty Services Market
- 9.3.3. France Professional Beauty Services Market
- 9.3.4. Spain Professional Beauty Services Market
- 9.3.5. Italy Professional Beauty Services Market
- 9.3.6. Rest of Europe Professional Beauty Services Market
- 9.4. Asia-Pacific Professional Beauty Services Market Snapshot
- 9.4.1. China Professional Beauty Services Market
- 9.4.2. India Professional Beauty Services Market
- 9.4.3. Japan Professional Beauty Services Market
- 9.4.4. Australia Professional Beauty Services Market
- 9.4.5. South Korea Professional Beauty Services Market
- 9.4.6. Rest of Asia Pacific Professional Beauty Services Market
- 9.5. Latin America Professional Beauty Services Market Snapshot
- 9.5.1. Brazil Professional Beauty Services Market
- 9.5.2. Mexico Professional Beauty Services Market
- 9.5.3. Rest of Latin America Professional Beauty Services Market
- 9.6. Rest of The World Professional Beauty Services Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Amazing Lash Studio
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Cookie Cutters
- 10.2.3. Drybar
- 10.2.4. Fantastic Sams
- 10.2.5. Floyd's Barbershop
- 10.2.6. Great Clips, Inc.
- 10.2.7. Lakme Salon
- 10.2.8. L'Oreal Professional
- 10.2.9. Regis Corporation
- 10.2.10. Sport Clips
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption