Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Research Reports

Global Professional Beauty Services Market to Expand Strongly Amid Rising Consumer Demand

Published by Wanda Rich

Posted on April 25, 2025

Featured image for article about Research Reports

Growing Aging Population and Integration of Technology Will Shape the Future of Professional Beauty Services, Says FactMR.

A new study by Fact.MR, a market research and competitive intelligence provider, reveals that the global professional beauty services market is estimated at US$ 242.9 billion in 2022 and is expected to expand at a CAGR of 4.7% during the forecast years of 2022-2032. The market is set to grow due to technology enhancements and the growing average age globally.

The world is becoming an aging society. Over the last few decades, governments’ one-and two-child policies across many countries, coupled with an improved life expectancy rate, have increased the average age of the world population significantly.

As the world is becoming older, the need for professional beauty services is increasing and it is expected to continue to witness solid demand in the future also. People in the age bracket of 35 and above tend to spend more on beauty products/services. Like any other industry, the beauty industry also has not remained untouched by technology. Integration of technology has improved the service offerings by market players and has also benefitted end users with personalized solutions.

Click to Request a Sample of this Report for Additional Market Insights: https://www.factmr.com/connectus/sample?flag=S&rep_id=7768

Key Takeaways from Market Study

The global professional beauty services market is set to expand at a CAGR of 4.7% and reach US$ 384.5billion by 2032-end.
The market exhibited 3.8% CAGR during the period 2017-2021. Under the service, hair cutting services dominate the market and are valued at US$ 95.8billion in 2022.
East Asia led the overall market with a 27% share in 2021. Revenue from professional beauty services is expected to increase at CAGRs of 4.8% and 5.6%, respectively, in Europe and South Asia & Oceania.

“Professional beauty services market set to enjoy stable growth pushed by technology enhancements,” says a Fact.MR analyst.

Tailored Beauty Services for Individual Preferences

Beauty and appearance are deeply personal, with each individual having unique tastes and preferences. A trend or style that appeals to one person may not necessarily resonate with another. As a result, there is a growing demand for personalized beauty services that cater to specific needs and desires.

To meet this demand, beauty service providers are increasingly offering customized solutions, ensuring that each client receives a service that aligns with their personal aesthetic goals. Whether it’s hair styling, hair coloring, facial treatments, or tanning services, these offerings are being tailored through personalized consultations, either complimentary or as a premium service.

With a diverse clientele spanning various age groups, the beauty industry recognizes that a one-size-fits-all approach is ineffective. The preferences of one demographic may differ significantly from another, necessitating a broad range of customized options. Professional beauty service providers are addressing this by delivering highly personalized experiences, ensuring that every client receives treatments suited to their individual needs.

Embracing Technological Advancements in the Beauty Industry

The professional beauty industry is undergoing a significant transformation driven by technological advancements. Innovations such as virtual reality, artificial intelligence, and 3D printing are redefining the way beauty services are delivered, enhancing both efficiency and customer experience.

Companies are adopting cutting-edge strategies to provide consumers with the most effective solutions to their beauty concerns. Many are forming strategic partnerships with specialized professionals in areas such as skincare and hair care. From AI-powered skin and hair analysis to automated recommendations, businesses are leveraging technology to offer highly personalized services.

For consumers, this integration of technology has brought convenience and accessibility. Virtual consultations allow individuals to seek expert advice from the comfort of their homes, while seamless online appointment booking systems ensure hassle-free scheduling for a wide range of beauty services.

Get a Custom Analysis for Targeted Research Solutions: https://www.factmr.com/connectus/sample?flag=S&rep_id=7768

Market Development

The beauty industry continues to reflect a rollup despite extreme competition among major players. Market players are also integrating technology into their service offerings to capture a higher market share.

In May 2022, HatchBeauty, a wellness and beauty company, acquired Trendalytics, a consumer analytics platform. Trendalytics aggregates and analyzes millions of searches across different social media platforms to help brands in their product/service offerings.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global professional beauty services market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of service (skin care - face care, injectable services, makeup services, waxing services, tanning services, others (not covered elsewhere), hair care – (hair cutting, hair colouring, hair styling, others (not covered elsewhere), nail care – manicure, pedicure, nail extensions), consumer age (18-25, 26-45, 46 and above), and consumer orientation (male, female), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Explore More Related Studies Published by Fact.MR Research:

The global dry type dust control systems market was valued at US$ 314.5 million in 2024 and has been forecasted to expand at a significant CAGR of 5.4% to end up at US$ 532.1 million by 2034.

Advancing at a 5.4%, CAGR the global magazine publishing market is approximated to increase from a value of US$ 82.98 billion in 2024 to US$ 140.07 billion by the end of 2034.

The global management consultant market is valued at US$ 936.85 billion worth in 2024. Further, advancing at a CAGR of 10.9%, the market is approximated to reach a valuation of US$ 2,655.14 billion by 2034.

The global edible perfume sprays market was valued at US$ 321.6 million in 2023 and has been forecasted to expand at a noteworthy CAGR of 8.1% to end up at US$ 757.5 million by 2034.

The global turbo trainer market will be valued at US$ 267.8 million by 2024 end and has been forecasted to expand at a noteworthy CAGR of 3.9% to end up at US$ 392.8 million by 2034. Direct drive type of end users under turbo trainer will be worth around US$ 160.2 million in 2024 and account for a 59.8% global market share.

The global form fill and sealing (FFS) equipment will be valued at US$ 10.5 billion by 2024 end and has been forecasted to expand at a noteworthy CAGR of 6.2% to end up at US$ 19.2 billion by 2034.

The global skin packaging market will be valued at US$ 10.6 billion by 2024 end and has been forecasted to expand at a noteworthy CAGR of 4.1% to end up at US$ 15.9 billion by 2034.

The global cold form blister packaging market will be valued at US$ 1,123.6 million by 2024 end and has been forecasted to expand at a noteworthy CAGR of 6.0% to end up at US$ 2,012.2 million by 2034.