How many beauty salons are in the United States?
“The US hair care services industry includes more than 80,000 establishments (77,000 beauty salons; 4,500 barber shops) with combined annual revenue of about $20 billion. Major companies include Regis, Ratner Companies, Premier Salons, and Sport Clips.
Beauty professional demographics
There were 722,600 people employed as hairstylists, beauticians and barbers in the United States in 2019.
| Employment (1) | Employment RSE (3) | Mean annual wage (2) |
|---|---|---|
| 285,980 | 1.6 % | $ 35,990 |
Salon Industry in the United States
According to Statista, the market size of the beauty salon industry in 2019 was $66.16 billion, an increase of $5 billion from 2017. The market size of hair and nail salon segments was $47 billion in 2019.
The salon and spa industry is a vibrant and growing component of the U.S. economy, with more than 1.2 million total establishments and annual sales of more than $62 billion.
There are 63,646 nail salons in United States.
U.S. Beauty and Personal Care Products Market Overview
The U.S. beauty and personal care products market size was $81.1 billion in 2019, which is expected to witness a CAGR of 4.8% during the forecast period (2020–2030), to reach $128.7 billion in 2030.
Revenue in the Beauty & Personal Care market amounts to US$534.00bn in 2022. The market is expected to grow annually by 5.86% (CAGR 2022-2026). The market's largest segment is the segment Personal Care with a market volume of US$241.50bn in 2022.
The beauty industry generates over $100 billion in revenue worldwide. The men's personal care market is projected to hit $276.9 billion by 2030. Skincare is projected to generate up to $177 billion by 2025. Beauty companies are expected to spend $7.7 billion on advertising in 2022.
According to the North American Industry Classification System – better known as the NAICS, beauty salons fall into category 8121 – Personal Care Services.
What is the future of salons?
One of the most important trends regarding a hair salon in 2021 is the retail part of the business, which will certainly receive much more focus. A hair salon in 2021 will have to rely on more appointments, and retail products allow hair salons to generate more revenue than ever before.
Chemical ridden products, vague ingredient labels, and hidden chemicals are three of the major problems with the beauty industry. All these problems stem from one major source: lack of regulation. Lack of regulation enables companies to put unsafe chemicals in products and vaguely label chemicals as “fragrances”.
According to the research study, the global Spas and Beauty Salons Market was estimated at USD 144.48 Billion in 2019 and is expected to reach USD 217.25 Billion by 2026. The global Spas and Beauty Salons Market is expected to grow at a compound annual growth rate (CAGR) of 6% from 2019 to 2026.
Millennials are often quoted as being the main drivers behind the meteoric growth of the beauty segment. There have been many articles written on this trend, citing everything from the aging of the millennial demographic to a focus on “self-care” as a coping method against a difficult political and economic climate.
The beauty industry is known to be resistant to economic downturns - even faring well during the Great Recession of 2008. Though consumers tend to be more price conscious during those times, they do not stop spending. So in today's environment of rising per capita incomes the beauty business is booming.
In 2021, there were 21,510 spa locations across the United States, a slight fall from the number of locations in 2020.
Is owning a hair salon profitable? The average salon makes $19,100 in profit every year. The average salon profit margin is 8.2% which is above the general business average of 7.7% and is improving year on year. Salon profit margin ranges from 2% to 17% depending on how well the salon is managed.
There are 360,963 Personal Waxing & Nail Salons businesses in the US as of 2022, an increase of 6.3% from 2021.
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Number of nail salons in the United States from 2006 to 2018*
Which States have the highest number of businesses in the Hair & Nail Salons industry in the United States? California (13,089 businesses), New York (12,141 businesses) and Florida (7,948 businesses) are the States with the most number of Hair & Nail Salons businesses in the US.
How many Nail Salons are in China?
According to Chinese research firm iResearch, the nail market in China grew from 58 billion yuan (US$8 billion) in 2014 to over double that amount up to 120 billion yuan (US$17 billion) by 2017. Besides, as of 2017, the number of nail salons in the country has increased to over 270,000.
Beauty Industry Statistics and Market Research: Global & US. Globally, the industry is strong and only getting stronger. How big is the beauty industry? Up from $483B in 2020 to $511B in 2021 — and with an annual compounded growth rate of 4.75% worldwide — it's predicted to exceed $716B by 2025.
How much is the beauty industry worth? Currently, it's worth $511 billion. According to some studies and statistics, it will most likely reach a value of $805.61 billion by 2023. Also, almost one million people are employed in the beauty industry.
Within the cosmetics category in the U.S., eye cosmetics was the most profitable segment. In 2020, about 1.96 billion U.S. dollars were generated from sales of eye cosmetics in the U.S. Facial cosmetics was the second most profitable segment, with sales revenue of 1.9 billion U.S. dollars.
Hence, from a generic point of view, a typical cosmetics business dealing in make-up items and other skincare products will primarily have women, aged 18 and above as its target market.
According to a study by market research company Nielsen, Black Americans bought more beauty products in 2019 than any other group of consumers. To put that in context, they found that Black Americans outspent other groups by nearly 19 percent, which translates to $572.6 million.
Global leading beauty consuming countries 2018
In 2018, United States was the leading consumer of beauty products worldwide based on value. The consumption value of beauty products in the U.S. amounted to about 89.71 billion U.S. dollars in that year.
In 2020, the beauty industry was at $483B. In 2021, (that's right—in just one. single. year) it grew to $511B with an annual growth rate of 4.75% WORLDWIDE!
How much is the beauty industry worth? Total global sales in 2020 was a whopping $483 billion. With an annual growth rate of 4.75%, total revenue is expected to top $716 billion by 2025.
GLOBAL INSIGHTS: - Globally, consumers spend an estimated $382 billion on beauty (cosmetics) products each year.
How many hair salons are there in the United States in 2021?
- Hair Salon. The most common type of beauty salon is the hair salon. ...
- Hair Braiding Salon. Yes, it falls under the umbrella of hair salons, but this type of beauty salon specializes in hair braiding and installing hair extensions. ...
- Nail Salon. ...
- Spa Salon. ...
- Barbershop. ...
- Hybrid Salon.
- Mindbody.
- Weave.
- SimplyBook.me.
- WellnessLiving.
- Boulevard.
- Meevo.
- Vagaro.
- Phorest Salon Software.
The number of people employed as Hairdressers, hairstylists, & cosmetologists has been declining at a rate of −4.2%, from 582,219 people in 2018 to 557,783 people in 2019. This graphic shows the share of Hairdressers, hairstylists, & cosmetologists employed by various industries.
There are 1,378,467 Hair & Nail Salons businesses in the US as of 2022, an increase of 2.9% from 2021. Has the number of Hair & Nail Salons businesses in the US grown or declined over the past 5 years?
There are 360,963 Personal Waxing & Nail Salons businesses in the US as of 2022, an increase of 6.3% from 2021.
One of the most important trends regarding a hair salon in 2021 is the retail part of the business, which will certainly receive much more focus. A hair salon in 2021 will have to rely on more appointments, and retail products allow hair salons to generate more revenue than ever before.
