Personal Care Services Market Growth Trajectory Through 2024-2033

The Personal Care Services by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Personal Care Services, The personal care services market size has grown strongly in recent years. It will grow from $444.2 billion in 2023 to $487.29 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to rapid urbanization, economic growth in emerging markets and rise in wellness tourism.

The personal care services market size is expected to see strong growth in the next few years. It will grow to $697.41 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to rising geriatric population, increasing internet penetration, growing wellness tourism industry, rising obese population and social media. Major trends in the forecast period include shifting to organic salon services, adopting online personal care services, use of artificial intelligence to cater to the demand of the costumers, offering more male personal care services and spiritual based services, extending kid’s spa and salon, offering personalized products and services, and offering niche services.

Population aging will be a driver of the personal care services market going forward. During 2018-2022, the number of people over 65 is expected to increase from approximately 550 to 650 million globally, an increase of 18% according to the Population Reference Bureau. The increasing size of the geriatric population coupled with an increasing focus on healthy lifestyles among the geriatric population will increase the demand for personal care services such as spa and massage services, driving the market.

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The personal care services market covered in this report is segmented –

1) By Type: Beauty Salons, Diet And Weight Reducing Centers, Spas & Massage Parlors, Other Personal Care Services
2) By Gender: Male, Female
3) By Age Group: Below 15, 15-40, Above 40-65, Above 65
4) By Type of Premise: On-Premise, Off-Premise

Subsegments Covered: Hair Salons, Body Beauty Salons, Nail Salons, Tattoo Parlors, Hair Replacement Services, Other Services

Beauty salons are using organic products to cater to the increasing demand for healthy products. Organic products are natural products that are prepared using natural or organic ingredients without the use of harmful chemicals. The supply of locally-sourced raw materials makes organic products more accessible and affordable to the customers. Some of the organic products being used by hair salons include organic hair oil, hair spray, shampoos, hair gels, hair colors, dyes, and other hair styling products. The organic personal care market is expected to grow at 10% to reach $25 billion by 2025, thus indicating a significant potential for organic salons. Hair salons such as Organic Natural Hair salon use organic products.

The personal care services market report table of contents includes:

1. Executive Summary
2.Personal Care Services Market Characteristics
3.Personal Care Services Market Trends And Strategies
4.Personal Care Services Market analysis
5.Personal Care Services Market Size And Growth
6.Personal Care Services Segmentation
7.Personal Care Services Regional And Country Analysis
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27.Personal Care Services Competitive Landscape And Company Profiles
28.Personal Care Services Key Mergers And Acquisitions
29.Personal Care Services Future Outlook and Potential Analysis

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