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Top Trends Transforming the Professional Beauty Services Market Landscape in 2025: Technological Advancements Reshaping The Landscape Of Professional Beauty Services
Professional Beauty Services
What Will the Professional Beauty Services Industry Market Size Be by 2025?
In recent times, the professional beauty services market has experienced robust growth. The market size, standing at $226.47 billion in 2024, is projected to escalate to $241.29 billion in 2025, accounting for a compound annual growth rate (CAGR) of 6.5%. The expansion during the historical period is ascribed to factors such as economic growth, the impact of social media, endorsements by celebrities, cultural transformations, and urbanization.
What's the Long-Term Growth Forecast for the Professional Beauty Services Market Size Through 2029?
The market size for professional beauty services is projected to witness robust expansion in the forthcoming years, escalating to $313.51 billion in 2029 with a 6.8% compound annual growth rate (CAGR). Factors contributing to this growth during the prediction period include the burgeoning experience economy, sustainability in the beauty sector, inclusive beauty services, integration of wellness, and the rise of remote beauty consultations. Key trends expected during this period encompass digital transformation, technological advancements, virtual try-ons and augmented reality, non-invasive aesthetic treatments, and enhanced safety and hygiene protocols.
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What Are the Key Growth Drivers Fueling the Professional Beauty Services Market Expansion?
The burgeoning industry of beauty and cosmetics is anticipated to fuel the advancement of the professional beauty services sector. This industry encompasses a wide selection of personal items like skincare products, color cosmetics, hair care products, and fragrances, as well as services such as salons and day spas, and related activities. Professionals in beauty services hold an essential position in the beauty and cosmetics industry, given their specialized training to offer a variety of beauty services, including facials, nail care, and makeup applications. For example, data from the National Hair and Beauty Federation, a trade association in the UK for hairdressing, barbering, and beauty salon proprietors, revealed that from March 2021 to March 2022, there was an increase of 2,215 hair and beauty businesses in the UK, totaling to 48,425 firms. Consequently, the growth of the beauty and cosmetics industry is stimulating the expansion of the professional beauty services market.
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What Are the Key Trends Driving Professional Beauty Services Market Growth?
Improvements in technology are becoming an increasing trend in the professional beauty services industry. To maintain their market dominance, leading companies in this sector are embracing modern technological solutions. As an example, in January 2023, the U.S. cosmetic corporation, The Estée Lauder Companies (ELC), introduced its Voice-Enabled Makeup Assistant (VMA). This AI-driven beauty application is designed to assist the visually impaired in applying makeup. The VMA provides audible instruction and feedback on makeup application, such as lipstick, eyeshadow, or foundation, ensuring an even application. It's the advanced learning capabilities of artificial intelligence and augmented reality technology that fuel VMA's unique smart mirror feature.
How Is the Professional Beauty Services Market Segmented?
The professional beauty services market covered in this report 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
Subsegments:
1) By Spa And Beauty Centers: Day Spas, Med Spas, Hair And Nail Salons
2) By Dermatological And Cosmetic Centers: Dermatology Clinics, Cosmetic Surgery Centers, Skin Care Clinics
3) By Beauty Institutes: Specialized Beauty Schools, Training Institutes For Beauty Professionals
4) By Other Service Platforms: Home Service Beauty Providers, Mobile Beauty Services, Online Beauty Consultation Platforms
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Which Companies Are Leading the Charge in Professional Beauty Services Market Innovation?
Major companies operating in the professional beauty services market include L'Oreal Group., Ulta Beauty Inc., Sephora, Beiersdorf AG, Sally Beauty Holdings Inc., Matrix, Fantastic Sams Holding Corp., Great Clips Inc., The Lash Lounge, Regis Corporation, Paula's Choice LLC, Toni & Guy, Drybar LLC, Tatcha LLC, Floyd's 99 Holdings LLC, Dermalogica, Mamaearth, Tommy Gun's Original Barbershop, Kerastase, Ouai, Kut N Beauty Salon & Supply, Redken, La Roche-Posay, Sport Clips Inc., SkinCeuticals, Living Proof, Maxx Beauty Supply, HOME SALON, Lakme Salon
Which Regions Are Leading the Global Professional Beauty Services Market in Revenue?
North America was the largest region in the professional beauty services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the professional beauty services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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