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Global Hair and Beauty Salons Market Research Report – Segmented By Product Type (Hair Care, Skin Care, Nail Care, Feet Care and Others), End-User (Women and Men), Distribution Channel (Salon, Direct-to-consumer and Specialty Stores) and Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) – Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2023 to 2028

Published: March, 2023
ID: 13402
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Hair and Beauty Salons Market Size (2023 to 2028)

The global Hair and Beauty Salons Market is expected to be valued at USD 214.95 billion by 2028 from USD 161.9 billion in 2023, progressing at a CAGR of 5.83% from 2023 to 2028.

The hair and beauty salons market has emerged as a trend and becoming more popular in today's modern world. A hair and beauty salon offers an eclectic range of services, including hair care, skin care, nail care, and other services to satisfy the customer's needs. The hair and beauty salons use professional products that enhance the customer's beauty, making the customer loyal to the salon. The hair and beauty salons market has surged in demand for the growing population's desire to look young and youthful. The hair and beauty salons market is exceptionally changing with the emerging new trends that retain their growth in the market. In addition, the emergence of new treatments in the market that promise to prevent hair loss, hair dandruff, face acne, face spots, and others have helped to incline the growth of the hair and beauty salons market.

MARKET DRIVERS:

The rapid implementation and acceptance of new and cutting-edge treatments/therapies by people for hair and skin care is majorly propelling the growth of the hair and beauty salons market. The hair and beauty salons market is also driven by providing international professional services that satisfy the customer's needs by providing quality service. The rising awareness and willingness of customers to maintain their beauty, appearance and aesthetics is favoring the growth of the hair and beauty salons market. The growth of the hair and beauty salons market is also driven by factors such as increasing efforts by the hair and beauty salons to allure their customers by providing unique services, and discounts, promoting their services on digital media, and endorsing their brand through celebrities.

The hair and beauty salons market creates opportunities by providing new and innovative services that satisfy consumer needs. The hair and beauty salons market can innovate and offer cutting-edge treatments to their different client needs, such as hair loss treatment, dandruff treatment, face spot removal, acne treatment, and laser treatment, catering to the needs of the customer. In addition, a growing trend for the hair and beauty salons market is to provide value-added services to their customers by giving complementary services like hair wash and deep conditioning treatments, which inclines the demand for the hair and beauty salons market and helps in retention of the customer's loyalty towards their brand.

MARKET CHALLENGES:

The emergence of new competition in the market to retain their customers and communicate with each customer by accepting their feedback is one of the biggest challenges to the market participants in the global market. In addition, the hair and beauty salons market tends to be hectic as the recruitment and retention of skilled beauty professionals impose a big challenge. Therefore, the hair and beauty salons market must create new strategies to retain its customer base by providing unique and innovative services and managing the threat of competition in the market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

5.83%

Segments Covered

By Product Type, Distribution Channel, End-User and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

This research report on the global hair and beauty clinic market has been segmented and sub-segmented into the following categories.

Hair and Beauty Salons Market - By Product Type:

  • Hair Care
  • Skin Care
  • Nail Care
  • Feet Care
  • Others

The hair care segment had the leading share of the global hair and beauty salons market in 2022, closely followed by the skin care segment. With the growing concerns for consumers' hair and skin-related issues, the demand for these services has sky-rocketed. The growing awareness among people regarding their appearances and aesthetics further propels the growth of the hair care and skin care segments.

Segments such as nail care and feet care are recently emerging in demand with a conscious effort to care for nails and feet with services such as manicures and pedicures that help boost consumer confidence.

Other services such as waxing, hair and face spa, and threading are all inclining to growth during the forecast period. As new and innovative technology is being implemented, such as laser hair removal treatments that have been a rage in that market due to their endorsement by celebrities, the demand for these services is growing gradually.

Hair and Beauty Salons Market - By End-User:

  • Male
  • Female

The female segment ruled the market in 2022 and the supremacy of the female segment in the global market is likely to continue throughout the forecast period. The hair and beauty salons use various strategies to allure female consumers. The services for female users in the hair and beauty salons market are numerous, catering to the needs of every consumer.

On the other hand, the male segment is expected to grow at a considerable CAGR during the forecast period. The male segment is expected to do well as saloons provide men with various hair and skin maintenance services.

Hair and Beauty Salons Market - By Distribution Channel:

  • Salon
  • Direct-to-consumer
  • Specialty Store

The salon segment is predicted to account for the largest share of the global hair and beauty salons market during the forecast period. The growing number of salon brands and rising awareness among consumers regarding the various services offered by the salons for the benefit of appearance and aesthetics are majorly driving the growth of the salon segment in the worldwide market.

The direct-to-consumer segment is predicted to grow at a healthy CAGR in the global market during the forecast period. For instance, emerging companies such as the Urban Company have shifted their market focus entirely by offering their salon services in the comfort of a consumer's home, where a salon professional reaches a consumer's home to provide a beauty service in India and such companies offering such services have been noticed in several countries and this trend is expected to accelerate in the coming years.

In addition, the specialty stores segment is anticipated to grow at a healthy CAGR during the forecast period owing to the increase of specialty stores like nail art salons, manicure and pedicure salons, hair and beauty treatment salons and others.

Hair and Beauty Salons Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

The Asia-Pacific region held the dominating share of the global market in 2022. The number of people being conscious about their beauty and appearance among the countries of Asia-Pacific is one of the key factors propelling the growth of the APAC market. The growing number of hair spas and beauty salons across the APAC region is further fuelling the growth rate of the APAC market. Also, the urbanization of countries in the Asia Pacific Region has contributed to the growth of the Asia Pacific market in the surge in the global hair and beauty salons market.

The North American region is expected to account for a notable share of the worldwide market during the forecast period. An increase in the standard of living and growing demand for salon services propel the growth of the North American market.

Regions such as Europe, the Middle East & Africa, and Latin America are anticipated to see an inclination in demand for the hair and beauty salons market during the forecast period.

KEY MARKET PLAYERS:

Companies such as Neville Hair and Beauty Salon, Fantastic Sams, Salon You, StyleSeat, AB Klipp AS, L'Oreal Professional Hair and Beauty Salon, Naturals Professional and Muse Salon & Spa are currently dominating the hair and beauty salons market.

RECENT HAPPENINGS IN THE MARKET:

  • In August 2022, the renowned companies Aveda and Nykaa collaborated to create Aveda x Nykaa Salon in Delhi, which aims to set new standards with plush services and vegan products. 
  • In July 2022, the biggest company, L'Oreal Professionals, created a campaign subsidizing the price for salon color services- A Bit Like Eat Out To Help Out, which refunds 10 pounds to drive and support local salons to bounce back this summer.
  • In February 2022, a leading company Green Trends, a salon of consumer goods firm CavinKare Ltd committed to donating 100 wigs to underprivileged cancer patients under its Corporate Social Responsibility initiative 'Shair," commemorating World Cancer Day.

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FAQ's

What is the estimated CAGR of the Hair and Beauty Salon Market?

The estimated CAGR of the Hair and Beauty Salon Market is 5.83% during the forecast year 2021-2027

What are the drivers of the Hair and Beauty Salon Market?

The Hair and Beauty Salon Market Drives the implementation of new and innovative treatments to satisfy the customer's different needs.

What are the opportunities for the Hair and Beauty Salon Market?

The Opportunities for the Hair and Beauty Salon Market are to cater to customers' needs and offer value-added services.

What are the segments under the Hair and Beauty Salon Market by Product Type?

The segments under the Hair and Beauty Salon Market by Product Type are Hair Care, Skin Care, Nail Care, Feet Care, Others, etc.

Who are the key players in the Hair and Beauty Salon Market?

The top three players in the Hair and Beauty Salon Market are Salon YOU, Neville Hair and Beauty Salon, L'Oreal Professionals Hair and Beauty Salon, and others.

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