Hairdressing & Beauty Treatment in the UK - Market Research Report

Bad styling: Industry revenue is expected to contract by 0.8% in 2023-24 due to consumer's increasing levels of cost consciousness

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Hairdressing and Beauty Treatment industry's revenue grew over the two years through 2018-19 bare hair salons remaining relatively sheltered from faltering economic conditions. Industry revenue has faced a flurry of challenges from the COVID-19 pandemic, the cost-of-living crisis and increasingly clued-up consumers taking care of their grooming. Industry revenue is expected to contract at a compound annual rate of 4.1% to £4.3 billion over the five years through 2023-24, including a contraction of 0.8% in the current year due to rising operating costs and increasing levels of cost consciousness among consumers, which has created pressure to set lower prices, negatively affecting revenue and profit. The average profit in the industry is expected to be 29.4% in 2023-24. This industry provides hairdressing and beauty services through hair and beauty salons and self-employed hair professionals and beauticians. Hairdressing services include hair washing, trimming and cutting, setting, dyeing, tinting, blow drying, straightening and similar activities. Beauty services include make-up, skin care, waxing, facial massages, eyebrow and eyelash tinting, manicures and pedicures.