Key Highlights
- The global beauty and personal care market was valued at approximately $493 billion in 2021
- The U.S. cosmetology industry is projected to grow at a compound annual growth rate (CAGR) of 4.41% from 2022 to 2028
- Approximately 1.3 million people are employed as licensed cosmetologists in the United States
- The average hourly wage for a cosmetologist in the U.S. was $14.55 in 2021
- 58% of beauty salons in the US operate as independent businesses
- The demand for natural and organic beauty products increased by 8% annually from 2015 to 2020
- The beauty industry spends over $2 billion annually on advertising and promotional activities
- The most popular service offered in salons is hair coloring, accounting for approximately 35% of all salon services
- The global hair care market was valued at approximately $87 billion in 2020 and is expected to grow at a CAGR of 6.0% through 2027
- The U.S. nail salon industry generates over $8 billion in annual revenue
- Nearly 70% of cosmetologists in the U.S. are women
- The average age of a licensed cosmetologist is 42 years old
- Haircare accounts for about 42% of total salon revenue globally
The booming cosmetology industry is transforming the way we look and feel, driven by a $493 billion global market, rapid growth in natural and organic products, and innovative trends shaping a beauty landscape poised for continued expansion.
Consumer Preferences and Behavior
- The most popular service offered in salons is hair coloring, accounting for approximately 35% of all salon services
- 62% of consumers prefer natural ingredients when choosing beauty products
- The average salon client visits approximately 8 times per year
- The top three most common beauty treatments are haircuts, coloring, and manicures
- 85% of salon owners report increasing interest in eco-friendly products
- 55% of consumers read product reviews before purchasing cosmetics
- The majority of salon clients are aged between 25-44 years old, constituting roughly 65% of the customer base
- The use of vegan or cruelty-free products in the beauty industry increased by over 15% from 2019 to 2022
- The percentage of Americans using salon services has remained stable at about 75% annually over the last decade
- 40% of consumers are willing to pay more for sustainable beauty products
- Social media influence drives approximately 60% of new product purchases in the beauty industry
- The average monthly expenditure on hair care products in the U.S. is around $25 per household
- The rise of at-home beauty kits and DIY products has seen a growth rate of 15% annually over the past three years
- In 2022, over 12 million Americans visited a cosmetology specialist for skincare treatments
- The top reasons consumers seek cosmetic procedures are anti-aging, skin rejuvenation, and acne treatment
Consumer Preferences and Behavior Interpretation
Industry Impact and External Factors
- The COVID-19 pandemic caused a 23% decline in salon visits globally in 2020, but recovery is projected in 2023
Industry Impact and External Factors Interpretation
Market Size and Growth Trends
- The global beauty and personal care market was valued at approximately $493 billion in 2021
- The U.S. cosmetology industry is projected to grow at a compound annual growth rate (CAGR) of 4.41% from 2022 to 2028
- The demand for natural and organic beauty products increased by 8% annually from 2015 to 2020
- The beauty industry spends over $2 billion annually on advertising and promotional activities
- The global hair care market was valued at approximately $87 billion in 2020 and is expected to grow at a CAGR of 6.0% through 2027
- The U.S. nail salon industry generates over $8 billion in annual revenue
- Haircare accounts for about 42% of total salon revenue globally
- The colored hair segment is projected to account for over 50% of the global hair color market by 2025
- The number of new beauty salons opened in the U.S. increased by 4% in 2022
- Organic skincare sales grew by over 10% in 2022, surpassing $5 billion in the U.S.
- The men's grooming market is expected to reach $81 billion globally by 2024, growing at a CAGR of 6.2%
- Artificial intelligence is increasingly being used in beauty industry marketing, with 25% of brands adopting AI tools by 2022
- The global skincare market is expected to reach $189 billion by 2025, growing at a CAGR of 4.4%
- The top 5 countries with the largest beauty markets are the U.S., China, Japan, South Korea, and France
- Salon retail product sales account for about 20-30% of total salon revenue
- The number of cosmetology schools in the U.S. has increased by 12% over the past five years, indicating growth in industry training programs
- The global lash extension market is expected to grow at a CAGR of 7.5% between 2021 and 2028, reaching $1.3 billion by 2028
- The anti-aging segment of the beauty market is projected to reach $88 billion globally by 2027, growing at a CAGR of 6.8%
Market Size and Growth Trends Interpretation
Workforce and Employment Statistics
- Approximately 1.3 million people are employed as licensed cosmetologists in the United States
- The average hourly wage for a cosmetologist in the U.S. was $14.55 in 2021
- 58% of beauty salons in the US operate as independent businesses
- Nearly 70% of cosmetologists in the U.S. are women
- The average age of a licensed cosmetologist is 42 years old
- The average technician license renewal cost in the U.S. is around $50, varying by state
- The average revenue per salon employee is approximately $50,000 annually
- The average professional cosmetology annual income in the U.S. is approximately $40,000
Workforce and Employment Statistics Interpretation
Sources & References
- Reference 1GRANDVIEWRESEARCHResearch Publication(2024)Visit source
- Reference 2IBISWORLDResearch Publication(2024)Visit source
- Reference 3BLSResearch Publication(2024)Visit source
- Reference 4SBAResearch Publication(2024)Visit source
- Reference 5STATISTAResearch Publication(2024)Visit source
- Reference 6NATASHADResearch Publication(2024)Visit source
- Reference 7FORTUNEBUSINESSINSIGHTSResearch Publication(2024)Visit source
- Reference 8MORDORINTELLIGENCEResearch Publication(2024)Visit source
- Reference 9NIELSENResearch Publication(2024)Visit source
- Reference 10COSMETOLOGYSCHOOLSResearch Publication(2024)Visit source
- Reference 11ECO-AWAREResearch Publication(2024)Visit source
- Reference 12NATIONALCOSMETOLOGYResearch Publication(2024)Visit source
- Reference 13MEDIAPOSTResearch Publication(2024)Visit source
- Reference 14BIRDEYEResearch Publication(2024)Visit source
- Reference 15COSTNICKOLASResearch Publication(2024)Visit source
- Reference 16BEAUTYINDEPENDENTResearch Publication(2024)Visit source
- Reference 17RETAILDIVEResearch Publication(2024)Visit source
- Reference 18PLASTICSURGERYResearch Publication(2024)Visit source