The salon services market in North America is the dominant region in the overall market, as it contributes approximately 40% to the overall salon services market. Consumer awareness about the benefits associated with the service of beauty salons is also propelling the growth of the salon services market.
NEWARK, Del, 15 Dec. 2022 (GLOBE NEWSWIRE) — The market salon services is experiencing unprecedented growth, with a global market estimated at US$480 billion in just 10 years. This surge in activity is driven by advances in beauty technology and a growing demand for luxury skincare products.
Over the past 10 years, the salon services market has become a priority for people around the world. The demand for eco-friendly cosmetics is also on the rise as customers look for better style with more emphasis on personal hygiene, physical appearance, skin care products and other aspects. of their beauty regimes. This surge in spending has resulted in a significant expansion of salon services in all markets around the world.
With disposable incomes and rising living standards, people are increasingly indulging in beauty treatments to pamper their skin and relieve stress. This boom is also driven by the growing demand for natural products that keep the body healthy without compromising on safety or quality.
This, combined with advanced technologies, propels the market forward during this period – setting it up for greater heights than ever before.
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Key insights from market research
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In 2023, the salon services market was valued at US$233.8 billion
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From 2023 to 2033, the industry is poised to grow at a CAGR of 7.46%
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By 2033, the salon services market is expected to reach a valuation of US$480 billion
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By service type, the hair care segment accounted for the largest share of 7.3% and is expected to continue this trend during the forecast period.
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China is on track to generate a 7.3% CAGR for salon services in 2033
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“Growth per capita income and increased spending on personal care services should radically transform salon service market in the years to come,” commented an IMF analyst.
Competitive landscape
Great Clips Inc., Regis Corporation, Dessange International, Ulta Beauty Inc., The Lounge Hair Salon, Seva Beauty, Dry Bar LLC, Skin Rich, The Leading Salons of the World LLC, Snip-its, are some of the major companies of the salon services market.
Additionally, many salon centers are adopting new techniques and using more organic and chemical-free products to gain a competitive share of the salon services market. These are the key strategies followed by salons to increase their market share in terms of revenue. for example,
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In June 2022 – Regis Corporation, announces that it has partnered with Zenoti. Zenoti will become the sole salon technology platform for all Regis brands. Through this relationship, Zenoti will help Regis deliver a modern digital experience to drive engagement with its three million salon customers each month.
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Chapel Beauty & Aesthetics offers customers a variety of treatments to help them feel beautiful and rejuvenated. Also offer specialized beauty treatments that will restore your self-confidence. From dermal fillers to micro needling, the staff has the skills and expertise to provide phenomenal service from start to finish.
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Key Segments Covered by the Salon Services Market Industry Survey
Salon Services Market by Service Type:
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Hair salon services
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Nail care salon services
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Skin care salon services
Salon Services Market by End User:
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Salon services for men
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Salon services for women
Salon Services Market by Region:
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North America Salon Services Market
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Latin America Salon Services Market
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Salon services market in Europe
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Salon Services Market in South Asia and the Pacific
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East Asia Salon Services Market
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Middle East & Africa Salon Services Market
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Contents
1. Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market Context
3.1. Market dynamics
3.1.1. Drivers
3.1.2. Constraints
3.1.3. Opportunity
3.1.4. Tendencies
3.2. Scenario forecast
3.2.1. Demand in the optimistic scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in the conservative scenario
4. Global Market Analysis 2018-2022 and Forecast, 2023-2033
4.1. Historical Market Size Value Analysis (USD Million), 2018-2022
4.2. Current and Future Market Size Value Projections (USD Million), 2023-2033
4.2.1. Analysis of annual growth trends
4.2.2. Analysis of opportunities in absolute dollars
To continue the table of contents…
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Discover IMF’s extensive consumer products coverage
Hair dryer market size: The Global Hair dryer demand is expected to register at a CAGR of 6.26%. Market revenue is expected to be valued at US$10.20 billion in 2023 and show revenue growth of US$18.72 billion by 2033.
Cosmetic Pigments Market Demand: The cosmetic pigments market the size is estimated at US$12.98 billion in 2023 and is projected to reach around US$24.24 billion by 2033, registering at a CAGR of 6.45% from 2023 to 2033.
Dark Store Market Share: The dark store market is likely to thrive at a robust CAGR of 38% from 2023 to 2033. The market is expected to cross a market share of US$414.31 billion by 2033 while holding a value of US$16.54 billion Americans in 2023.
Baby Oral Care Market Analysis: The adoption of baby oral care is expected to increase at a CAGR of 2.3% during the forecast period. The baby oral care market size is expected to grow from 1.31 billion US$ in 2023 to 1.64 billion US$ in 2033.
Growth of the high-end cosmetics market: The Global high-end cosmetics market leads to an estimated CAGR of 6.14% in the global market during the forecast period and registers a revenue valued at US$116.23 billion in 2023 and is expected to exceed US$210.92 billion by 2033 .
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