https://www.fortunebusinessinsights.com/professional-beauty-services-market-110641
https://www.fortunebusinessinsights.com/professional-beauty-services-market-110641
Professional Beauty Services Market Size, Share, Growth
Drivers, and Industry Forecast by 2032
The professional beauty services market was valued at USD 221.03 billion in 2024 and is projected to reach
USD 378.47 billion by 2032, expanding at a compound annual growth rate (CAGR) of 6.95% from 2025 to
2032.
The increasing popularity of personal grooming, along with rapid advancements in specialized beauty salon
equipment, is driving the adoption of professional beauty services. Market growth is further fueled by key
industry players focusing on customer-centric offerings and the growing influence of social media platforms.
However, the COVID-19 pandemic temporarily hindered market progress, as global travel restrictions and
lockdowns led to a decline in demand for professional beauty services.
These insights are presented in Fortune Business Insights™’ report titled “Professional Beauty Services Market,
2024–2032.”
Top Company in the Professional Beauty Services Market
L’Oréal Professionnel (France)
Lakme Salon (India)
Drybar (U.S.)
Dekalash (U.S.)
Beauty Connection Spa (UAE)
TONI&GUY (U.K.)
JOHN BARRETT (U.S.)
Regis Corporation (U.S.)
THE LASH LOUNGE (U.S.)
Tommy Gun's Original Barbershop (Canada)
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Segments
Surging Popularity of Stylish Haircuts Propelled the Adoption of Hair Services
By service, the market is classified into nail service, skin service, hair service, and merchandise sales. The
hair service segment commanded the global market owing to the surging popularity of stylish haircuts.
Increased demand for hair care services is attributed to the emerging trend of long hair among men.
Rising Prominence of Self-care Fueled Demand for Beauty Services among Women
Based on end-user, the market is classified into men and women. The women segment led the global market
due to the growing prominence of self-care. A rise in beauty salon visits by women for self-care experiences
is fueling segment growth.
The global market is segmented based on region into North America, Europe, Asia Pacific, South America, and
Middle East & Africa.
Report Coverage
The report has studied the market in depth and underlined several crucial aspects and leading market
participants. It provides important insights into the recent market trends and key industry developments. In
addition to the factors mentioned above, the report covers many other factors that have helped the market
grow.
Drivers and Restraints
Increased Innovations in Beauty Salons to Bolster Market Growth
Rapid incorporation of technology in beauty salons improves buyer footfall. There is an increased adoption of
Augmented Reality (AR) and Virtual Try-Ons in professional beauty salons. People utilize augmented reality
to visually attempt different hairstyles, looks, cosmetics, and colors before committing. By using innovative
tools and software, professional beauty salons can identify a client's hair and skin type and suggest custom-
made treatments to meet their particular requirements. Increased preference for innovative salon
management software by modern beauty service suppliers has streamlined appointment scheduling, inventory
management, and client relationship management. Surging technological innovations in the beauty salon
industry are bolstering the professional beauty services market growth.
However, a lack of skilled labor force is hindering the demand for professional beauty services.
Regional Insights
Asia Pacific Dominates the Market Due to Rapid Urbanization and Growing Population
Asia Pacific commands the professional beauty services market share due to rapid urbanization and growing
population. Increased spending on professional beauty services by working women in China, India, and
Australia is fostering market expansion.
The market in Europe is expected to rise at the highest CAGR in the coming years due to rising facial and skin-
related problems. Increasing trends of social media influencers about chic hairstyles and beauty items are
driving market expansion in the region.
Competitive Landscape
Top Companies Making Partnerships with Influerncers to Reach a Large Consumer Base
Major professional beauty service suppliers are focusing on their business promotion through partnerships
with influencers, bloggers, and content creators. They emphasize product endorsements with appealing
content for both men and women to reach a large consumer base.
Key Industry Development
March 2024 – Franck Provost, a European hair salon brand, opened its beauty salon in Bengaluru,
India. The new launch salon will likely help the company expand its global footprint.