The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global professional beauty services market is poised for remarkable growth, driven by the ever-expanding beauty and cosmetics industry. Let’s dive into the details of this flourishing market, where technological advancements are shaping the future.

A Blossoming Industry: The Beauty and Cosmetics Sector

The beauty and cosmetics industry encompasses a wide range of personal goods and services, from skincare and hair care products to salons and day spas. Professional beauty service providers are vital components of this industry, offering a spectrum of beauty services, including facials, nail care, and makeup applications.

• UK Beauty Boom: In the UK, the number of hair and beauty firms increased by 2,215 between March 2021 and March 2022, reaching 48,425 businesses. The sector generated a significant £4.6 billion in revenue during the 2020–2021 period.

Market Leaders: A Glimpse at the Giants

Major players in the professional beauty services market lead the way, offering an array of services and products to meet the diverse beauty needs of consumers.

• Industry Titans: L’Oréal Group, Ulta Beauty Inc., Sephora, Beiersdorf AG, Sally Beauty Holdings Inc., and many more dominate this thriving market.

Tech-Infused Beauty: The New Trend

In the professional beauty services market, technological advancements are making a significant impact. Companies are leveraging new technologies to enhance customer experiences and stay ahead in this competitive market.

• Smart Makeup Assistance: The Estée Lauder Companies (ELC) introduced its Voice-Enabled Makeup Assistant (VMA), an AI-powered beauty app designed for visually impaired users. VMA utilizes voice teaching technology to provide audio feedback and guidance for applying makeup evenly. This innovative smart mirror technology leverages Augmented Reality and Artificial Intelligence capabilities created using machine learning.

Diverse Market Segmentation: Meeting Varied Needs

The professional beauty services market caters to a broad spectrum of customers, and its segmentation reflects this diversity.

1. Service Platforms: Whether it’s spas, dermatological and cosmetic centers, beauty institutes, or other service platforms, there’s something for everyone.
2. Types of Services: From haircare and skincare services to nail care, makeup and cosmetics, spa and wellness, and other specialized services, consumers can choose according to their preferences.
3. Consumer Groups: The market considers both male and female customers, ensuring that all beauty needs are met.
4. Age Groups: Catering to different age brackets, including below 20 years, 20–45 years, and above 45 years.
5. Booking Preferences: Customers can book services online or offline, depending on their convenience.

Global Prowess: Market Dynamics

In 2022, North America held the distinction of being the largest region in the professional beauty services market. However, Asia-Pacific is gearing up to become the fastest-growing region in the forecast period, showcasing the universal appeal of professional beauty services.

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 The Professional Beauty Services Global Market Report 2023  provides an overview of the professional beauty services market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The professional beauty services market forecast analyzes professional beauty services market size, professional beauty services market share, leading competitor and their market positions.

The Table Of Content For The Professional Beauty Services Market Include:
1. Professional Beauty Services Market Executive Summary
2. Professional Beauty Services Market Segments
3. Professional Beauty Services Market Size And Professional Beauty Services Market Growth Rate
4. Key Professional Beauty Services Market Trends
5. Major Professional Beauty Services Market Drivers
……
25. Key Mergers And Acquisitions In The Professional Beauty Services Market
26. Top Professional Beauty Services Companies
27. Professional Beauty Services Market Opportunities And Strategies
28. Professional Beauty Services Market, Conclusions And Recommendations
29. Appendix

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