PUBLISHER: The Business Research Company | PRODUCT CODE: 1816579
PUBLISHER: The Business Research Company | PRODUCT CODE: 1816579
Professional beauty services encompass a diverse range of specialized cosmetic treatments and procedures designed for both men and women. These services, typically administered by skilled and licensed professionals within the beauty industry, are commonly offered in salons, spas, and other beauty establishments.
The primary categories of service platforms within professional beauty services include spas and beauty centers, dermatological and cosmetic centers, beauty institutes, and other related facilities. Hair care services, a crucial component, encompass a wide array of activities involving the natural hair on one's head or a wig. These activities include styling, cutting, dressing, curling, waving, washing, singeing, bleaching, dyeing, tinting, trimming, relaxing, perming, and straightening.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and the resulting trade tensions in spring 2025 are having a notable impact on the services sector, particularly in business services, IT, and professional consulting. The increased costs of imported technology, office equipment, and critical digital infrastructure are driving up operating expenses for service providers, compelling them to either pass these costs on to clients or absorb the financial strain themselves. Outsourcing firms and IT service providers are grappling with higher hardware costs and supply chain delays, which are disrupting project timelines and squeezing profitability. Furthermore, retaliatory tariffs have weakened demand for U.S.-based professional services in key global markets, slowing export-driven revenues. To navigate these challenges, the sector must focus on accelerating digital transformation, optimizing costs, and strengthening domestic client relationships to sustain growth and remain competitive in an increasingly uncertain trade environment.
The professional beauty services market research report is one of a series of new reports from The Business Research Company that provides professional beauty services market statistics, including professional beauty services industry global market size, regional shares, competitors with a professional beauty services market share, detailed professional beauty services market segments, market trends and opportunities, and any further data you may need to thrive in the professional beauty services industry. This professional beauty services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The professional beauty services market size has grown strongly in recent years. It will grow from $226.47 billion in 2024 to $239.43 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to economic growth, social media influence, celebrity endorsements, cultural shifts, and urbanization.
The professional beauty services market size is expected to see strong growth in the next few years. It will grow to $310.74 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to the rise of the experience economy, sustainability in beauty, inclusive beauty services, wellness integration, and remote beauty consultations. Major trends in the forecast period include digital transformation, advancements in technology, virtual try-ons and augmented reality, non-invasive aesthetic procedures, and elevated safety and hygiene standards.
The forecast of 6.7% growth over the next five years reflects a slight reduction of 0.1% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. The U.S. may encounter rising treatment costs as dermal equipment, aesthetic lasers, and imported topical products sourced from South Korea and Italy become more expensive for salons and skincare clinics to offer advanced beauty services. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The projected growth in the professional beauty services market is expected to be fueled by the expansion of the beauty and cosmetics industry. The beauty and cosmetics industry encompasses a diverse range of personal goods, services, and related activities, including skincare, color cosmetics, hair care, fragrances, and services provided by professional beauty service providers in salons and day spas. These trained professionals offer a variety of beauty services such as facials, nail care, and makeup applications. For example, in June 2023, the National Hair and Beauty Federation reported that the number of hair and beauty firms in the UK increased by 2,215 between March 2021 and March 2022, reaching a total of 48,425 businesses. In the 2020-2021 period, the revenue generated by the hair and beauty sector amounted to $5.9 billion (£4.6 billion). Hence, the expanding beauty and cosmetics industry is a driving force behind the growth of the professional beauty services market.
The anticipated increase in disposable income is poised to contribute to the growth of the professional beauty services market. Disposable income, representing the funds available for spending and saving after tax and obligatory deductions, both at the individual and household levels, plays a crucial role in enabling consumers to afford premium treatments, spa services, and high-end beauty products in the professional beauty services market. For instance, in August 2023, the Bureau of Economic Analysis reported a $7.3 billion increase in disposable personal income in the US, representing less than 0.1 percent growth. Consequently, the rise in disposable income is a significant factor driving the growth of the professional beauty services market.
The integration of technological advancements stands out as a prominent trend gaining traction in the professional beauty services market. Major players in the professional beauty services sector are embracing innovative technologies to maintain their competitive positions. For instance, in January 2023, The Estee Lauder Companies (ELC), a cosmetics company based in the United States, introduced its Voice-Enabled Makeup Assistant (VMA), an AI-powered beauty app designed for visually impaired users. VMA utilizes voice teaching technology during makeup application, providing users with audio feedback and guidance on achieving an even application of lipstick, eyeshadow, or foundation. The smart mirror technology of VMA is powered by ELC's Augmented Reality and Artificial Intelligence capabilities, developed through machine learning.
Companies at the forefront of the professional beauty services market are increasingly emphasizing the establishment of professional beauty marketplaces to gain a competitive advantage. A beauty marketplace, whether online or physical, serves as a platform where consumers can explore, discover, and purchase a diverse array of beauty products and services from various brands and vendors. For example, in March 2023, Circle Brands, a cosmetic company based in the United States, launched the inaugural professional beauty marketplace. This platform aims to enhance the relationship between skincare brands and salons and day spas, providing beauty professionals with seamless access to high-quality products, resources, and support.
In July 2022, Henkel, a chemical and consumer goods company headquartered in Germany, acquired the professional hair business of Shiseido Company Limited for an undisclosed sum. This strategic acquisition positions Henkel as a dominant player in the regional hair professional industry, particularly in China and Japan. Shiseido Company Ltd., based in Japan, is a provider of professional beauty services and treatments.
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
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
The countries covered in the professional beauty services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The professional beauty services market includes revenues earned by entities by providing eyebrow tinting, hair smoothening, waxing, facials, threading, pedicures, and manicures. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Professional Beauty Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on professional beauty services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for professional beauty services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The professional beauty services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.