Fact.MR has provided detailed information about the providers of professional beauty services positioned across regions, revenue growth, and service offering expansion, in the recently published report.
Dublin, Oct. 14, 2022 (GLOBE NEWSWIRE) — A new study by Fact.MR, a market research and competitive intelligence provider, reveals that the global professional beauty services market is estimated at US$ 242.9 billion in 2022 and is expected to expand at a CAGR of 4.7% during the forecast years of 2022-2032. The market is set to grow due to technology enhancements and the growing average age globally.
The world is becoming an aging society. Over the last few decades, governments’ one-and two-child policies across many countries, coupled with an improved life expectancy rate, have increased the average age of the world population significantly.
As the world is becoming older, the need for professional beauty services is increasing and it is expected to continue to witness solid demand in the future also. People in the age bracket of 35 and above tend to spend more on beauty products/services. Like any other industry, the beauty industry also has not remained untouched by technology. Integration of technology has improved the service offerings by market players and has also benefitted end users with personalized solutions.
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Key Takeaways from Market Study
Prominent professional beauty service providers are
The beauty industry continues to reflect a rollup despite extreme competition among major players. Market players are also integrating technology into their service offerings to capture a higher market share.
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Segmentation of Professional Beauty Services Industry Research
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Fact.MR, in its new offering, presents an unbiased analysis of the global professional beauty services market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of service (skin care – face care, injectable services, makeup services, waxing services, tanning services, others (not covered elsewhere), hair care – (hair cutting, hair colouring, hair styling, others (not covered elsewhere), nail care – manicure, pedicure, nail extensions), consumer age (18-25, 26-45, 46 and above), and consumer orientation (male, female), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
Table of Content
1. Market Overview
1.1. Market Definition and Introduction
1.2. Market Taxonomy/ Research Scope
2. Market Characteristic – Bird Eye View
2.1. Number of Active Enterprises by Key Countries
2.2. Number of People Employed
2.3. Average Operating Margin
2.4. Average Revenue Per Employee
2.5. Threshold of Revenue Volatility
2.6. Consistency in Demand
2.7. Key Barriers to Entry
2.8. Key Customer Archetypes
3. Market Background and Foundation Data
3.1. Global Professional Beauty Services Market Outlook Statistics (US$), 2017 – 2021
3.2. Professional Beauty Services offering & Adoption Analysis
3.3. Enterprises Professional Beauty Services Benchmark by Industry Verticals
3.4. Market Dynamics
3.5. Opportunity and White Space Assessment
3.6. Forecast and Macro-Economic Factors – Relevance and Impact
3.7. Key Success Factors and Winning Imperatives
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Natural Skin Care Products Market- Natural Skin Care Products market is likely to secure a market value of US$ 13.4 Bn by 2032. The expected market growth rate is 6.5% from 2022 to 2032.
Mass Beauty & Personal Care Products Market – Mass Beauty & Personal Care Products Market reached a valuation of around US$ 450 Bn in 2020, and is slated to accelerate at a CAGR of 6% to top US$ 800 Bn by 2031.
Circular Beauty Products Market- Circular Beauty Products Market experienced year-on-year (YoY) growth of 5.2% to reach a market valuation of US$ 2.3 billion at the end of 2021.
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