Global Personal Care Services Market Flourishes, Projected to Reach $610.53 Billion by 2027

The Business Research Company’s Personal Care Services Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 28, 2023 /EINPresswire.com/ -- The global personal care services market has experienced robust growth, surging from $401.96 billion in 2022 to $439.46 billion in 2023, boasting an impressive Compound Annual Growth Rate (CAGR) of 9.3%. The personal care services market is anticipated to continue its upward trajectory, reaching $610.53 billion by 2027, with a CAGR of 8.6%.

Population Aging Drives Market Growth
Population aging is identified as a key driver for the personal care services market. The number of people over 65 is expected to increase globally from approximately 550 to 650 million during 2018-2022, marking an 18% increase, according to the Population Reference Bureau. The growing geriatric population, coupled with an increased focus on healthy lifestyles among this demographic, is expected to fuel demand for personal care services such as spa and massage services, contributing to market growth.

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Major Companies Shaping the Market Landscape
Key players in the personal care services market include Fantastic Sams, Weight Watchers International Inc., Tivity Health, Regis Corporation, Jenny Craig Inc., Bosley Inc., Norwegian Cruise Line Holdings, Hair Cuttery, Bijin Salon Spa, and Great Clips. These industry leaders play a pivotal role in driving innovation and shaping the dynamics of the personal care services market.

Market Recovery Post-COVID-19 and Organic Beauty Trends
Beauty salons are adopting organic products to meet the increasing demand for healthy and natural alternatives. The use of organic products, free from harmful chemicals, is gaining popularity. The organic personal care market is projected to grow at 10%, reaching $25 billion by 2025, indicating significant potential for organic salons. Hair salons like Organic Natural Hair Salon are examples of establishments using organic products.

Regional Dynamics: Asia-Pacific Leads, North America Follows
In 2022, Asia-Pacific emerged as the largest region in the personal care services market, with North America securing the second-largest market share. The personal care services market report comprehensively covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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Personal Care Services Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Personal Care Services Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on personal care services market size, personal care services market drivers and trends, personal care services market major players, competitors' revenues, market positioning, and market growth across geographies. The personal care services market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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