The Professional Beauty Services Global Market Report 2023, provides comprehensive information on the professional beauty services market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Professional Beauty Services Global Market Report 2023, the global professional beauty services market is expected to grow from $198.84 billion in 2022 to $213.4 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The professional beauty services market is expected to reach $273.36 billion in 2027 at a CAGR of 6.4%.
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Technological advancements are a key trend gaining popularity in the professional beauty services market. Major companies operating in the professional beauty services market are adopting new technologies to sustain their position in the market. For instance, in January 2023, The Estée Lauder Companies (ELC), a US-based cosmetics company, launched its Voice-Enabled Makeup Assistant (VMA), an AI-powered beauty app for visually impaired users. When applying makeup, VMA uses voice teaching technology to help the user; they hear audio feedback and advice on whether their lipstick, eyeshadow, or foundation is applied evenly. ELC’s Augmented Reality and Artificial Intelligence capabilities, created using machine learning, power VMA’s innovative smart mirror technology
The professional beauty services market is segmented:
1) By Service Platform: Spa And Beauty Centers, Dermatological And Cosmetic Centers, Beauty Institutes, Other Service Platforms
2) By Service: Haircare Services, Skincare Services, Nail Care Services, Makeup And Cosmetics Services, Spa And Wellness Services, Other Services
3) By Consumer Group: Male, Female
4) By Age Group: Below 20 Years, 20 – 45 Years, Above 45 Years
5) Booking Type: Online, Offline
North America was the largest region in the professional beauty services market in 2022.
The table of contents in TBRC’s professional beauty services market report includes:
1. Executive Summary
2. Professional Beauty Services Market Characteristics
3. Professional Beauty Services Market Trends And Strategies
4. Professional Beauty Services Market – Macro Economic Scenario
5. Global Professional Beauty Services Market Size and Growth
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26. South America Professional Beauty Services Market
27. Brazil Professional Beauty Services Market
28. Middle East Professional Beauty Services Market
29. Africa Professional Beauty Services Market
30. Professional Beauty Services Market Competitive Landscape And Company Profiles
Top Major Players:
- Medtronic plc
- Johnson & Johnson MedTech
- Stryker Corporation
- DePuy Synthes Inc
- Zimmer Inc
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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