Cosmetology Market Synopsis

Cosmetology Market Size Was Valued at USD 122.47 Billion in 2023, and is Projected to Reach USD 340.17 Billion by 2032, Growing at a CAGR of 12.02% From 2024-2032.

Cosmetology is the art and science beautifying the hair, nails, and skin. A cosmetologist is an expert in applying cosmetic procedures, therapies, and treatments to beautify one’s outer appearance and implementing cosmetic treatments to people’s hair, skin, and nails. Specific disciplines in cosmetology include hairstyling (haircutting and colouring), esthetics (skin care), makeup application, nail care (manicures and pedicures), and other beauty treatments.

• Digital platforms and e-commerce have enhanced access and convenience for consumers seeking technological advancements in beauty products and treatments, such as anti-aging solutions and personalized skincare. Consumers are increasingly knowledgeable about skincare, makeup, and beauty routines as a result of the internet and social media. Beauty influencers are instrumental in educating consumers on trends, ultimately driving up the demand for high-quality products.
• Beauty ideals are becoming more varied and all-encompassing, as companies are creating more options to accommodate a range of skin colours, hair textures, and cultural traditions. Unisex products are also becoming more accepted, attracting a broader group of customers. Consumers prefer beauty products that promote health and wellness, with an increasing desire for natural, organic, and non-toxic options because of worries about the safety and environmental effects of conventional products.
• Customers are seeking individualized beauty products that cater to their specific requirements, leading to an increased desire for personalized solutions. Brands utilize AI and machine learning to provide suggestions and virtual fitting sessions, improving the shopping experience. Online platforms increase the availability of beauty products, simplifying the process of shopping from home. Beauty subscription boxes and personalized delivery services, which provide hand-picked products, are in high demand.

Cosmetology Market Trend Analysis

Increasing Beauty Standards and Consumer Preferences

• Advancements in high-quality skincare products, such as anti-aging remedies and specialized treatments for acne and hyperpigmentation, are satisfying the increasing need for successful skincare options. Versatile items like BB creams and tinted moisturizers streamline routines by offering both skincare and makeup advantages. Incorporating technology such as AI and AR into shopping improves the consumer experience with virtual try-ons and personalized recommendations.
• Social media, celebrities, and cultural changes impact worldwide beauty norms. Social media channels such as Instagram and TikTok have amplified the influence of beauty influencers. Brands are increasingly recognizing the significance of diversity and inclusion by broadening their product offerings to cater to various skin tones and cultural traditions. The current shift is towards embracing natural beauty by using skincare and clean beauty products to enhance natural features. Social media plays a vital role in marketing, as brands utilize it for promotions, educational content, and interacting with customers to cultivate loyalty.
• Modern customers prefer personalized skincare and makeup options that address their specific requirements. Products are placing a growing emphasis on health and wellness by showcasing natural, organic, and non-toxic ingredients. Consumers are placing value on sustainability and ethics, favouring brands that prioritize eco-friendly and cruelty-free practices. Influencers play a crucial role in influencing preferences and endorsing beauty norms. Brand partnerships with influencers aim to reach particular demographics and increase revenue.

Opportunity

Personalised Skin Care and Cosmetics

• Consumers desire customized skincare products that address their individual skin types and specific issues such as acne, hyperpigmentation, dryness, and sensitivity. Contemporary customers favour items that cater to their individual preferences, such as ingredients and packaging. In skincare, technological progress now involves AI and machine learning for custom product suggestions based on analysing skin data. DNA analysis is utilized for customized skincare tailored to individual genetic tendencies.
• Customizable items involve mix-and-match options that allow customers to combine ingredients to create personalized products. Subscription services provide individualized beauty boxes customized to suit the specific preferences of each customer, creating a distinct beauty journey. Brands increase customer satisfaction and loyalty by providing personalized products that cater to individual needs, creating a sense of appreciation among consumers. Interactive online platforms enable customers to interact and receive customized suggestions, enhancing the shopping process.
• Customized skincare products gather important customer information that influences market trends and guides strategic marketing approaches for companies. Personalized skincare companies emphasize transparency in sourcing ingredients and developing products to attract customers who prioritize ethical standards. Tailored formulations need to comply with regulations for safety and effectiveness in order to establish trust with consumers. The market is experiencing an increase in new brands that provide creative solutions, which are drawing investments because of their potential for high growth and consumer appeal.

Cosmetology Market Segment Analysis:

Cosmetology Market Segmented on the basis of Products Type, Procedure, Application, End-User, Distribution Channel, And Region.

By Procedure, Non-Surgical Segment Is Expected to Dominate the Market During the Forecast Period

• Botulinum toxin and dermal fillers are the most popular nonsurgical cosmetic procedures performed globally to treat age-associated changes and are often used in combination. There are many kinds of filler materials for volume replacement and enhancement, such as hyaluronic acid (HA), collagen, poly-l-lactic acid, and calcium hydroxylapatite. These fillers can be used for cheek and chin augmentation, nose reshaping, midface volumization, and lip enhancement. To reduce the appearance of wrinkles, many people choose injections of botulinum toxin. Botulinum toxin relaxes certain muscles on the face to make wrinkles less noticeable for a period of time.
• The use of nonsurgical aesthetic facial treatments is increased. To date, most of the studies of facial injection therapy have evaluated Western populations, although Asian populations differ in terms of culture, anatomical structure, perceptions of beauty, and signs of aging. For these reasons, there are many differences in desired outcomes between Caucasians and Asians. A thorough understanding of the key aesthetic concerns and requirements for the Asian face is required to instruct appropriate facial aesthetic treatments.
• The rise in consumer interest for minimally invasive treatments has resulted in the growth of non-surgical choices within the cosmetic sector. These non-surgical techniques provide aesthetic enhancements with reduced pain, minimal risks, and faster recovery periods. Non-surgical treatments are appealing to busy individuals due to their quick results and little disruption to daily activities. Continual advancements in technology, such as laser therapy and injectables like Botox, are enhancing the effectiveness, safety, and comfort of non-surgical aesthetic procedures.

By Application, Facial Contouring and Rejuvenation Segment Held the Largest Share In 2023

• Technological advancements provide non-surgical options such as laser treatments, Botox, and dermal fillers for skin improvement and tightening, attracting individuals looking for fast outcomes with minimal recovery time. The rise in customer interest in preserving or regaining a youthful look is influenced by the media and celebrities, who endorse perfect skin and well-defined facial characteristics. Individuals look for treatments that are not invasive or only slightly invasive in order to diminish indicators of aging such as wrinkles, fine lines, and sagging skin.
• Facial rejuvenation treatments provide established, dependable outcomes with an extensively recorded safety record, enhancing consumer trust. Continuous research and development regularly enhance the efficiency and security of these methods. Botox and fillers decrease wrinkles and replenish volume. Laser and Light Therapies target skin problems such as texture and pigmentation. Microneedling and RF Microneedling boost collagen production to enhance skin texture and firmness. There are numerous treatment choices for rejuvenating the face.
• Non-invasive alternatives are more cost-effective and have shorter recovery times compared to expensive surgical facelifts, which is why they are favoured by busy people looking for affordable rejuvenation options. Personalized treatments cater to individual skin requirements, concerns related to aging, and desired aesthetic outcomes. Combination therapies provide a complete rejuvenation of the face. Enhanced looks increase self-assurance and self-belief, leading to a rise in the popularity of aesthetic procedures. Numerous individuals feel an improvement in their mental well-being, experiencing increased comfort and satisfaction with their physical appearance.

Cosmetology Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast Period

• In North America, especially in the US, there is a substantial and varied group of consumers who have considerable buying power. This group of customers shows a strong desire for personal care and cosmetic items, driving considerable market expansion due to their substantial expenditure on beauty products. North America serves as a center of innovation and product creation in the beauty market, housing key companies that regularly release new products and establish worldwide fashion trends. Substantial funds put into research and development lead to innovative products catering to a variety of consumer tastes.
• In North America, the retail landscape consists of chain stores, beauty retailers, department stores, and online platforms, which all contribute to the wide accessibility of cosmetology products. After the pandemic, the expansion of e-commerce has made it easier for consumers to buy products from home. Influencers, celebrities, and media drive global impact of North American beauty standards and trends. Consumers are placing more emphasis on wellness and natural ingredients in cosmetics, indicating a desire for sustainable and health-oriented choices.
• Stringent regulations in North America control the cosmetics sector to uphold safety and trustworthiness, encouraging consumer trust and the expansion of the industry. The skincare and anti-aging industries are growing thanks to an older population and emphasis on wellness, whereas makeup and personal care industries are flourishing because consumers are interested in trends and grooming. North America is a center for leading cosmetics companies that promote innovation and product development. By investing heavily in research and development, cutting-edge products are developed to cater to the demands and tastes of a worldwide consumer base.
• From this graph, it is shown that the Non-invasive treatments, such as Botulinum Toxin and Hyaluronic Acid procedures, play a crucial role in the US cosmetic industry, making up 78.3% of all treatments. Alternative common treatments include Skin Tightening without surgery, Hair Removal, and Fat Reduction without surgery. Customers favour these less intrusive choices due to their fast outcomes and limited recovery period, indicating an increasing desire for convenient beauty improvements.

Cosmetology Market Active Players

• L'Oréal Group (France)
• Estée Lauder Companies Inc. (USA)
• Procter & Gamble Co. (USA)
• Unilever (UK)
• Shiseido Company, Limited (Japan)
• Johnson & Johnson (USA)
• Coty Inc. (USA)
• Beiersdorf AG (Germany)
• Amway Corporation (USA)
• Avon Products, Inc. (UK)
• Kao Corporation (Japan)
• Revlon, Inc. (USA)
• Mary Kay Inc. (USA)
• Oriflame Cosmetics Global SA (Switzerland)
• The Body Shop International Limited (UK)
• Henkel AG & Co. KGaA (Germany)
• Sephora USA, Inc. (USA)
• LVMH Moët Hennessy Louis Vuitton SE (France)
• Natura &Co Holding S.A. (Brazil)
• Kose Corporation (Japan)
• Pola Orbis Holdings Inc. (Japan)
• RevitaLash Cosmetics (USA)
• Lush Cosmetics Ltd. (UK)
• Clarins Group (France)
• Caudalie (France)

Key Industry Developments in the Cosmetology Market:

• In January 2024, L’Oréal and Timeline announced that L’Oréal’s strategic venture capital fund, BOLD, has acquired a minority stake in Timeline, a Swiss longevity biotech company. Timeline was founded in 2007 by Chris Rinsch (Co-Founder and President) and Patrick Aebischer (Co-Founder and Chairman) as a spin-off of the Swiss Federal Institute of Technology (EPFL) to develop innovative solutions for longevity in the food, beauty and health sectors. Timeline has developed a proprietary molecule, Mitopure®, that recycles and rejuvenates aging mitochondria, the powerhouses of cells.
• In March 2024, L’Oréal Groupe Launches New Ingredient to Address Localized Skin Pigmentation Issues. L’Oréal Groupe released a breakthrough molecule—Melasyl to address localized pigmentation issues that lead to age spots and post-acne marks. Formulas with Melasyl work with all skin tones to improve appearance.
• In Dec 2023, Estée Lauder announced that its new Skin Longevity platform, grounded in 15-years of expertise in pioneering skin longevity research. With a new product innovation powered by cutting-edge age reversal technology, Estée Lauder is leading the new frontier in science-driven luxury skincare.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. COSMETOLOGY MARKET BY PRODUCTS TYPE (2017-2032)
   1. COSMETOLOGY MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SKIN CARE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. HAIR CARE
   5. MAKEUP
   6. FRAGRANCE
   7. PERSONAL CARE PRODUCTS
7. COSMETOLOGY MARKET BY PROCEDURE (2017-2032)
   1. COSMETOLOGY MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SURGICAL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. NON-SURGICAL
8. COSMETOLOGY MARKET BY APPLICATION (2017-2032)
   1. COSMETOLOGY MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. BREAST ENHANCEMENT
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. FACIAL CONTOURING AND REJUVENATION
   5. BODY CONTOURING
   6. SKIN REJUVENATION
   7. HAIR TRANSPLANT
   8. BUTTOCK ENHANCEMENT
9. COSMETOLOGY MARKET BY END-USER (2017-2032)
   1. COSMETOLOGY MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. MEN
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. WOMEN
10. COSMETOLOGY MARKET BY DISTRIBUTION CHANNEL (2017-2032)
    1. COSMETOLOGY MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. SUPERMARKETS AND HYPERMARKETS
       1. Introduction And Market Overview
       2. Historic And Forecasted Market Size in Value (2017-2032F)
       3. Historic And Forecasted Market Size in Volume (2017-2032F)
       4. Key Market Trends, Growth Factors and Opportunities
       5. Geographic Segmentation Analysis
    4. SPECIALTY STORES
    5. PHARMACIES AND DRUGSTORES
    6. E-COMMERCE PLATFORM
11. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Benchmarking
       2. Cosmetology Market Share by Manufacturer (2023)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
    2. L'ORÉAL GROUP (FRANCE)
       1. Company Overview
       2. Key Executives
       3. Company Snapshot
       4. Role of the Company in the Market
       5. Sustainability and Social Responsibility
       6. Operating Business Segments
       7. Product Portfolio
       8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       9. Key Strategic Moves and Recent Developments
       10. SWOT Analysis
    3. ESTÉE LAUDER COMPANIES INC. (USA)
    4. PROCTER & GAMBLE CO. (USA)
    5. UNILEVER (UK/NETHERLANDS)
    6. SHISEIDO COMPANY, LIMITED (JAPAN)
    7. JOHNSON & JOHNSON (USA)
    8. COTY INC. (USA)
    9. BEIERSDORF AG (GERMANY)
    10. AMWAY CORPORATION (USA)
    11. AVON PRODUCTS, INC. (UK)
    12. KAO CORPORATION (JAPAN)
    13. REVLON, INC. (USA)
    14. MARY KAY INC. (USA)
    15. ORIFLAME COSMETICS GLOBAL SA (SWITZERLAND)
    16. THE BODY SHOP INTERNATIONAL LIMITED (UK)
    17. HENKEL AG & CO. KGAA (GERMANY)
    18. SEPHORA USA, INC. (USA)
    19. LVMH MOËT HENNESSY LOUIS VUITTON SE (FRANCE)
    20. NATURA &CO HOLDING S.A. (BRAZIL)
    21. KOSE CORPORATION (JAPAN)
    22. POLA ORBIS HOLDINGS INC. (JAPAN)
    23. REVITALASH COSMETICS (USA)
    24. LUSH COSMETICS LTD. (UK)
    25. CLARINS GROUP (FRANCE)
    26. CAUDALIE (FRANCE)
12. GLOBAL COSMETOLOGY MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors and Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size by Products Type
       4. Historic And Forecasted Market Size by Procedure
       5. Historic And Forecasted Market Size by Application
       6. Historic And Forecasted Market Size by End-User
       7. Historic And Forecasted Market Size by Distribution Channel
       8. Historic And Forecasted Market Size by Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors and Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size by Segments
       4. Historic And Forecasted Market Size by Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors and Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size by Segments
       4. Historic And Forecasted Market Size by Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors and Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size by Segments
       4. Historic And Forecasted Market Size by Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors and Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size by Segments
       4. Historic And Forecasted Market Size by Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors and Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size by Segments
       4. Historic And Forecasted Market Size by Country
          1. Brazil
          2. Argentina
          3. Rest of South America
13. INVESTMENT ANALYSIS
14. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies
       1. 1. Thailand
          2. Vietnam
          3. The Philippines
          4. Australia
          5. New-Zealand
          6. Rest Of APAC
    3. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors and Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size by Segments
       4. Historic And Forecasted Market Size by Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    4. SOUTH AMERICA
       1. Key Market Trends, Growth Factors and Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size by Segments
       4. Historic And Forecasted Market Size by Country
          1. Brazil
          2. Argentina
          3. Rest of South America
15. INVESTMENT ANALYSIS
16. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies