Global Personal Care Services Market Analysis by SWOT, Investment, Future Growth and Major Key Players 2020 to 2030

The Business Research Company’s Personal Care Services Market Report - Opportunities And Strategies - Global Forecast To 2030

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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. Factors that negatively affected growth in the historic period were high prices of spa services, increase in real estate rental rates, and side effects of supplements prescribed by weight management centers.

The Key drivers of the Personal Care Services market include:-
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. For instance, on an average, Instagram users spend 53 minutes per day on the app in 2020. Rising selfie culture is encouraging more people to emphasize on maintaining their beauty, to look flawless in their selfies. The constant pursuit of flawlessness along with the desire to enhance perfection has become a key factor driving the salon industry. 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:-
By Type
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
1.On Premise
2.Off Premise

The on premise market was the largest segment of the personal care services market segmented by end user location, accounting for 75.5% of the total in 2019. Going forward, the off premise segment is expected to be the fastest growing segment in the personal care services market, at a CAGR of 6.3%.

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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

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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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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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