
In a recent report by Adroit Market Research, predictions indicate that the beauty care services market is on track to achieve a value of $384.5 billion by 2029.
The report suggests that the need for beauty care has expanded as a result of shifting cultural beauty standards, the influence of social media and people's increased investment in their looks. Technological advancements in skin care and cosmetic procedures have helped the beauty care sector. This includes enhanced skin care products and techniques, computerized tools for simulating cosmetics and hairstyles and sophisticated laser therapy.
Related: Professional Skin Care Global Market Estimated to Grow by $4.22 Billion from 2024-2028
In response to customers' increased interest in health and wellbeing, the beauty care industry has developed to incorporate wellness-focused services including spa treatments, holistic therapies, and organic skin care products, per the report.
Customized treatments and products have been created as a result of consumers' increased need for personalized beauty care options catered to their unique requirements and preferences. With more men seeking grooming services and products, the men's grooming sector within the beauty care industry has seen significant expansion.
Online shopping for beauty care items has become simpler for customers because of the expansion of e-commerce. Additionally, beauty care services now offer online appointment scheduling tools, which are useful for clients. Influencer marketing and social media platforms have contributed significantly to the promotion of beauty care services and products, influencing customer decisions and boosting demand.
Consumers are increasingly seeking cosmetic care items and solutions that respect the environment and uphold moral principles. The growth of eco-friendly and cruelty-free cosmetics brands is the result of this. Anti-aging and rejuvenation therapies are in high demand due to the aging population in many regions of the world, which is helping the market for beauty care services expand. India, China, and Brazil are just a few examples of emerging nations with a burgeoning middle class that are now significant growth areas for the cosmetics sector.
The report suggests that brands should utilize technology to improve the client experience. Create websites and mobile applications for online reservations, scheduling appointments,and providing individualized suggestions. To simplify transactions, use digital payment alternatives. Offer online consultations for hair advice, cosmetics tips, and skin evaluations. To appeal to the growing sustainability trends, the study suggests providing organic and ecologically friendly beauty treatments and products. Increase the range of products and services available for men's grooming, such as specialized treatments, skincare, and hair care items.
To offer bundled services, the report suggests collaborating with healthcare providers or wellness centers. Work with a dermatologist to give skincare consultations, or with fitness centers, to provide cosmetic services for clients after workouts. Participate in community activities in your area, such as events or charitable endeavors. Having a strong local presence can encourage repeat business and word-of-mouth recommendations from customers.