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 Business Research Company’s Personal Care Services Global Market Report 2023 offers crucial insights into the personal care services market help businesses analyse and build stronger strategies.

 

 

 

The global personal care services market is on an upward trajectory, set to surge from $401.96 billion in 2022 to $439.46 billion in 2023, showcasing an impressive Compound Annual Growth Rate (CAGR) of 9.3%. Looking ahead, the market is expected to reach $610.53 billion in 2027, maintaining a robust CAGR of 8.6%. A significant driver of this growth is the aging population. Over the years 2018-2022, the global population over 65 is projected to increase by 18%, from around 550 million to 650 million, as per the Population Reference Bureau. This demographic shift, coupled with a growing emphasis on healthy lifestyles among the elderly, is fueling the demand for personal care services, especially in areas such as spa and massage services.

• Key Driver: Aging Population
  • Global population over 65 expected to increase from 550 million to 650 million during 2018-2022.
  • 18% growth in the elderly population driving demand for personal care services.
  • Growing focus on healthy lifestyles among the geriatric population.

 

 

Industry Titans and Market Dynamics
Major players in the personal care services market play a pivotal role in steering the industry dynamics. Companies like Fantastic Sams, Tivity Health, and Norwegian Cruise Line Holdings are at the forefront of the market. Their influence spans diverse segments, from beauty salons to weight management centers, contributing to the overall growth of the personal care services industry.

• Key Players in Personal Care Services Market:
  • Fantastic Sams
  • Tivity Health
  • Norwegian Cruise Line Holdings
  • Hair Cuttery
  • Jenny Craig Inc.
  • Bosley Inc.
  • Regis Corporation
  • Bijin Salon Spa
  • Great Clips

 

 

Organic Revolution in Beauty Salons
A notable trend in beauty salons is the adoption of organic products to meet the rising demand for healthier alternatives. Organic products, derived from natural ingredients without harmful chemicals, are gaining popularity. The accessibility and affordability of locally-sourced organic raw materials make these products appealing to consumers. Hair salons are incorporating a range of organic offerings, including hair oil, hair spray, shampoos, gels, colors, and styling products. With the organic personal care market expected to reach $25 billion by 2025, the potential for organic salons is significant. Pioneering establishments like the Organic Natural Hair salon are championing the use of organic products, aligning with the growing consumer preference for natural and sustainable beauty solutions.

• Organic Revolution in Beauty Salons:
  • Adoption of organic products for hair care.
  • Range includes organic hair oil, shampoos, styling products, and more.
  • Growing consumer preference for natural and sustainable beauty solutions.

 

 

Market Segmentation: Navigating Diversity
Understanding the diverse segments of the personal care services market is crucial for stakeholders. The market is segmented based on types, categories, and distribution channels, offering a nuanced perspective on its multifaceted landscape.

1) By Type

• Beauty Salons
• Diet And Weight Reducing Centers
• Spas & Massage Parlors
• Other Personal Care Services

2) By Category

• Mass
• Premium

3) By Distribution Channel

• Specialist Retail Stores
• Supermarkets/Hypermarkets
• Convenience Stores
• Pharmacies/Drug Stores
• Online Retail Channels
• Other Distribution Channels

Subsegments

• Catering to Diverse Consumer Preferences

 

 

Regional Dynamics: Asia-Pacific Takes Center Stage
As of 2022, Asia-Pacific emerges as the largest region in the personal care services market, leading the charge in industry growth. The region’s dynamic markets, coupled with evolving consumer preferences, contribute to its prominence. While Asia-Pacific takes the lead, regional dynamics are expected to shift, presenting opportunities for growth in other markets.

 

 

 

Get A Free Sample On The Global Personal Care Services Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=3564&type=smp

 

 

 

Read The Full Personal Care Services Market Report Here:

https://www.thebusinessresearchcompany.com/report/personal-care-services-global-market-report

 

 

The Personal Care Services Global Market Report 2023 provides a comprehensive outlook of the personal care services market for the historic years (2010 -2021) and ten years forecast (2023 – 2032).The personal care services market forecast offers a thorough analysis onpersonal care servicesmarket size, personal care services market share,prominent players and their strategies.

 

 

 

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

 

 

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