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Global Professional Beauty Services Market to reach USD 307.75 billion by the end of 2029

Global Professional Beauty Services Market Size study & Forecast, 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) and Regional Analysis, 2022-2029

Product Code: OIRCGS-18923082
Publish Date: 10-04-2023
Page: 200

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
Fantastic Sams
Floyd’s Barbershop
Great Clips, Inc.
Lakme Salon
L’Oréal 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
Asia Pacific
South Korea
Latin America
Rest of the World

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 Growing expansion of global beauty & personal care industry Rising emergence of customized beauty services
3.1.2. Market Challenges High Cost of Professional Beauty Services
3.1.3. Market Opportunities Rising integration of technology in beauty services 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 Service breakdown estimates & forecasts, 2019-2029 Gender breakdown estimates & forecasts, 2019-2029 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 Key Information Overview Financial (Subject to Data Availability) Product Summary 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’Oréal 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

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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