The historical data shows a steady increase in household expenditure on hairdressing salons, body care, and beauty institutes in France from 2013 to 2019, with a notable drop in 2020 due to the pandemic. The year-on-year variation rose significantly in 2021, demonstrating resilience and recovery, and continued to grow through 2023. The average annual growth rate (CAGR) over the past five years is 1.45%, indicating a consistent upward trend. In 2023, the expenditure was 10.83 Billion Euros.
Looking forward, the forecast for 2024-2028 indicates a moderate yet positive annual growth rate of 1.07%, culminating in expenditures of 11.55 Billion Euros by 2028. The projected 5-year growth rate stands at 5.49%.
Future trends to watch for include:
- Impact of technological advancements in the beauty industry.
- Growth in demand for personalized and eco-friendly beauty products and services.
- Evolving consumer preferences towards holistic wellness and self-care.
- Resurgence of in-person beauty treatments post-pandemic.
- Expansion of the beauty service market to include more male clientele.
