Cosmetology is the study and application of beauty treatments,
encompassing a wide range of services related to skin, hair, nails,
and overall aesthetic enhancement. It includes areas such as
hairstyling, skincare, makeup application, nail care, and various
beauty treatments. Increased focus on personal appearance and
self-care is boosting the demand for beauty services.
PUNE,
India, July 22, 2024 /PRNewswire/ -- Stellar
Market Research, a global Pharmaceutical Market research firm has
published a competitive intelligence and market research report on
the "Cosmetology Market". The Cosmetology Market size was valued at
USD 118.93 Bn in 2023 and the total
Cosmetology market size is expected to grow at a CAGR of 10.5
percent from 2024 to 2030, reaching nearly USD 239.24 Bn by 2030.
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Market Size in
2023
|
USD 118.93
Bn.
|
Market Size in
2030
|
USD 239.24
Bn.
|
CAGR
|
10.5 percent
(2024-2030)
|
Forecast
Period
|
2024-2030
|
Base
Year
|
2023
|
Number of
Pages
|
287
|
No. of
Tables
|
108
|
No. of Charts and
Figures
|
120
|
Segment
Covered
|
By Procedure and
Application
|
Regional
Scope
|
North America, Europe,
Asia Pacific, Middle East and Africa, South America
|
Report
Coverage
|
Market Share, Size
& Forecast by Revenue | 2024−2030, Market Dynamics, Growth
Drivers, Restraints, Investment Opportunities, and Key Trends,
Competitive Landscape, Key Players Benchmarking, Competitive
Analysis, MMR Competition Matrix, Competitive Leadership Mapping,
Global Key Players' Market Ranking Analysis.
|
Get your Sample
PDF:https://www.stellarmr.com/report/req_sample/Cosmetology-Market/2077
Key Highlights of the Report
- Innovations in beauty products and treatments, alongside
advancements like AI and AR in beauty tech, are reshaping consumer
engagement and market dynamics.
- Platforms like Facebook and RealSelf play a pivotal role in
empowering patients with information, influencing treatment
decisions, and enhancing patient satisfaction.
- Psychological impacts, surgical risks, and economic factors
like inflation pose challenges to sustained market growth in
cosmetology.
L'Oréal (France):
Major Player in Cosmetology
Industry
L'Oréal is known for investing heavily in advertising and
research to maintain its leadership. In 2023, the company spent
about 13.36 billion Euros on
advertising to ensure its brands like Lancôme, Essie, and
Maybelline stay well-known. L'Oréal holds a significant market
share in Europe (20%) and
North Asia (13%), showing its
strong global presence. In the US, L'Oréal's skincare and hair care
products are widely recognized. They offer a wide range of products
including skincare, hair care, makeup, hair coloring, and perfumes,
with total sales reaching around 41.18
billion Euros worldwide in 2023. Innovation is key for
L'Oréal, spending about 1.29 billion
Euros on research and development in 2023, resulting in 610
patents to advance beauty products.
Unilever (Netherlands):
Prominent Player in Cosmetology
Unilever has emerged as a formidable player with a diverse
portfolio of well-known brands and strategic initiatives that
enhance its market presence. In 2023, Unilever's beauty and
personal care segment generated sales of approximately €21.7
billion, underscoring its significant impact on the industry. The
company owns a variety of leading brands, including Dove, Vaseline,
Tresemmé, and Pond's, catering to a wide range of consumer needs in
skincare, hair care, and personal grooming. Unilever invests
heavily in research and development, spending €1 billion annually
to drive innovation in product formulations and consumer
experiences. Approximately 25% of Unilever's beauty and personal
care sales are now conducted online, reflecting the growing
importance of digital channels in reaching and engaging consumers.
The company collaborates with various organizations and startups to
foster innovation and expand its product offerings.
Request a Sample
Report:https://www.stellarmr.com/report/req_sample/Cosmetology-Market/2077
Growth of Non-Surgical Cosmetic Procedure Segment
Non-surgical procedures including chemical peels, Botox, dermal
fillers, and laser hair removal have grown in popularity given
their successful results, shorter recovery times, and lower risks.
As of 2022, consumer preferences are evident as non-surgical
procedures accounted for almost 70% of all cosmetic operations
performed globally. The need for procedures that give a more
youthful appearance without requiring invasive surgery has
increased due to the aging of the world's population. For instance,
in 2023, 30% of individuals aged 18-24 in the United States reported using some form of
non-surgical cosmetic treatment, illustrating the widespread appeal
of these procedures. The potential market size for non-surgical
cosmetic procedures is shown by estimates that the number of people
worldwide who are 65 years of age or older will reach 1.2 billion
by 2025. A wider range of people are drawn to non-surgical
techniques since they are more affordable than surgical ones. For
instance, Compared to surgical facelifts, which may cost over
$10,000, Botox treatments typically
cost between $300 and $600 each session. Social media and celebrity
endorsements are driving an increase in consumer acceptance and
knowledge of non-surgical therapies. In 2023, over 40% of
millennials and Gen Z consumers follow beauty influencers, who
frequently highlight non-surgical treatments.
North America Dominates Cosmetology Industry with Strong
Consumer Spending and Technological Advancements
North America leads the global
cosmetology market, driven by factors such as high disposable
incomes, a strong emphasis on personal care, and widespread
adoption of advanced technology. In the
United States, the beauty industry thrives with an annual
revenue exceeding $49.2 billion,
notably bolstered by skincare products contributing $18 billion alone. In 2022, the average American
woman spent approximately $313
monthly on beauty products and services. The sector employs over
1.2 million individuals, and skincare products are used daily by
more than 63% of American adults. In Canada, the beauty and personal care market
has grown by 5.8% in 2023, reaching $9.7
billion. The demand for non-invasive cosmetic procedures has
driven growth, with approximately 24 million minimally invasive
treatments performed in the US by 2022. Additionally, there is a
growing preference for organic skincare products among 45% of
Canadian consumers, reflecting a trend towards sustainability and
eco-friendliness. E-commerce has revolutionized beauty retail,
accounting for 35% of all sales in North
America. The region boasts over 2,300 cosmetology schools,
ensuring a steady supply of skilled professionals. Hair and nail
salons in the US generate $46 billion
annually, underscoring the rising demand for professional beauty
services. The beauty tech industry leverages AI and AR to enhance
customer engagement through personalized experiences.
Inquire Before
Buying:https://www.stellarmr.com/report/enquire_now/Cosmetology-Market/2077
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment |
2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities,
and Key Trends by Region
- Market Segmentation – A detailed analysis by Procedure,
Application, and Region
- Competitive Landscape – Profiles of selected key players by
region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers,
Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER's analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Stellar Market Research a leading Pharmaceutical research
firm, has also published the following reports:
Beauty Fridge Market: The market was valued at
USD 170.38 Million. In 2023 the total
revenue is expected to grow at CAGR 8.6% through 2024-2030,
reaching nearly USD 303.55
Million.
Herbal Beauty Products Market: The market size was valued
at USD 93.36 Bn. in 2023 and the
total Global Herbal Beauty Products revenue is expected to grow at
a CAGR of 6.1% from 2024 to 2030, reaching nearly USD 141.31 Bn. by 2030.
Clean Beauty Market: The market size was valued at
USD 6.41 Bn. in 2023 and the total
Global Clean Beauty revenue is expected to grow at a CAGR of 13.8 %
from 2024 to 2030, reaching nearly USD 9.92
Bn. by 2030.
Lip and Face Oil Market: The market size was
valued at USD 6.15 Bn. in 2023.
Global Lip and Face Oil revenue is expected to grow at a CAGR of
4.1% from 2024 to 2030, reaching nearly USD
8.15 Bn. by 2030.
Halal Cosmetics Market: The market size was valued
at USD 42.39 Bn. in 2023 and the
total Halal Cosmetics revenue is expected to grow at a CAGR of
11.6% from 2024 to 2030, reaching nearly USD
91.39 Bn. by 2030.
Anti-Acne Cosmetics Market: The market size was valued at
US$ 4.50 Billion in 2023 and the
Anti-Acne Cosmetics revenue is expected to grow at 9.1% through
2024 to 2030, reaching nearly US$ 8.28
Billion.
Anti-aging Cosmetics Market: The market was valued
at USD 54.86 billion in 2023. Global
Anti-aging Cosmetics Market size is estimated to grow at a CAGR of
5.9 % over the forecast period.
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and
consulting company with professionals from several industries. Some
industries we cover include medical devices, pharmaceutical
manufacturers, science and engineering, electronic components,
industrial equipment, technology and communication, cars and
automobiles, chemical products and substances, general merchandise,
beverages, personal care, and automated systems.
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SOURCE Stellar Market Research