Canada Salon Services Market Insights Forecasts to 2033

• The Canada Salon Services Market Size was valued at USD 25.11 Billion in 2023.
• The Market is Growing at a CAGR of 3.54% from 2023 to 2033
• The Canada Salon Services Market Size is Expected to Reach USD 35.56 Billion by 2033

The Canada Salon Services Market Size is Anticipated to Reach USD 35.56 Billion by 2033, Growing at a CAGR of 3.54% from 2023 to 2033.

Market Overview

The Canada salon services market offers a wide range of beauty and personal care services, including haircuts, styling, hair coloring, nail care, manicures/pedicures, facials, and massages for body relaxation. The market is expanding due to rising disposable income, changing beauty standards, and increased awareness of personal grooming. Innovations in beauty treatments and the trend towards premium, personalized salon experiences drive the market forward. Government initiatives, such as strict licensing and certification requirements, ensure safety and sanitation standards in salons. Programs and certifications, such as those provided by the Ontario College of Trades, standardize training and qualifications for salon professionals. Sustainability initiatives, such as the use of natural and organic products, waste reduction, and energy-efficient practices, align with consumer preferences for environmentally conscious businesses, contributing to the growth and evolution of the salon services market in Canada.

Report Coverage

This research report categorizes the market for the Canada salon services market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada salon services market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada salon services market.

Driving Factors

The market for salon services in Canada is expanding due to a number of causes. The demand for wellness and personal grooming services has surged due to rising disposable income and shifting beauty standards. Customers now strongly rely on a lifestyle that includes quality salon services due to their need for self-care and investments in beauty enhancement. Another factor is the growth of social media, since influencers and beauty trends encourage people to seek professional help. Interest in upscale salon experiences has also increased as a result of advancements in beauty treatments and rising health and wellbeing consciousness.

Restraining Factors

The salon industry faces challenges such as high competition, fluctuating consumer spending, rising operational costs. These factors can hinder growth, especially in urban areas, and may lead to temporary closures or reduced foot traffic. Despite these obstacles, the market continues to evolve with new trends and consumer demands, contributing to its long-term growth.

Market Segmentation

The Canada salon services market share is classified into service type and end-user.

• The hair care segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The Canada salon services market is segmented by service type into hair care, nail care, and skin care. Among these, the hair care segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The salon sector has long relied on haircuts, styling, coloring, and treatments, which still account for the majority of sales. The desire for regular maintenance, personal grooming, and the newest hairdo trends are the key drivers of the high demand for hair care services. Due to advancements in hair treatments (such as keratin, coloring methods, and hair restoration services) and growing awareness of hair health, this market continues to dominate.

• The women segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the end-user, the Canada salon services market is divided into women and men. Among these, the women segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Women have historically been a significant consumer of salon services due to their regular use of haircuts, styling, coloring, skin care, and nail care. Their life revolves around personal grooming, beauty, and self-care, indicating a consistent need for salon services. The self-care and wellness culture has grown, leading to an increased demand for professional services for personal renewal and aesthetic purposes.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada salon services market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Great Clips, Inc.
• Regis Corporation
• Dessange International
• Ulta Beauty, Inc.
• The Lounge Hair Salon
• Seva Beauty
• Drybar
• Skin Rich
• The Leading Salons of the World, LLC
• Snip-its
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2021, to increase openness and safeguard consumers, the French government recently enacted new regulations for salon services brokers. Salon Services brokers must now better inform customers about their salon services options and be more open about their fees and commissions under the new regulations.

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada salon services market based on the below-mentioned segments:

Canada Salon Services Market, By Service Type

• Hair Care
• Nail Care
• Skin Care

Canada Salon Services Market, By End-User

• Women
• Men