Personal Care Services Market Outlook, Strategies, Challenges And Geography Trends | Global Forecast - 2023

Personal Care Services Market Report By Type (Beauty Salons, Spas & Massage, Diet And Weight Reducing Centers), By End User Location, By Age, By Gender And By Regions - Global Forecast To 2023 By The Business Reach Company

The global personal care services market reached a value of nearly $344.3 billion in 2019, having increased at a compound annual growth rate (CAGR) of 6.79% since 2015. Growth in the historic period resulted from rapid urbanization, economic growth in emerging markets and rise in wellness tourism.

The key drivers of the personal care services market include:

Social Media– Social media apps such as Facebook and Instagram are expected to drive the market for personal care services in the forecast period. There has been an increase in the number of people posting pictures on social media platforms such as Instagram. Besides, personal care services are increasingly using social media techniques such as geo-targeted Facebook Ads to connect to potential clients. This is expected to contribute to the growth of the personal care services market in the forecast period.

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Personal Care Services Market Segmentation:-
The personal care services market is segmented by type, by end user location, by age, by gender and by geography.

By Type- The personal care services market can be segmented by type into
1) Beauty Salons
2) Spas & Massage
3) Diet And Weight Reducing Centers

The beauty salons market was the largest segment of the personal care services market, accounting for 63.9% of the total in 2019. It was followed by spas & massage, diet and weight reducing centers, and other personal care services. Going forward, the spas & massage segment is expected to be the fastest growing segment in the personal care services market

By End User Location - The personal care services market can be segmented by end user location into
1) On Premise
2) Off Premise

By Age- The personal care services market can be segmented by age into
1) Below 15
2) 15-40
3) 40-65
4) Above 65

By Gender- The personal care services market can be segmented by gender into
1) Female
2) Male

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By Geography– The personal care services market is segmented into

1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa

Some of the major key players involved in the personal care services market are:

1. Weight Watchers International, Inc.
2. Regis Corporation
3. Great Clips, Inc.
4. Sport Clips, Inc.
5. Ratner Companies, L.C.

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