Global Cosmetology & Beauty Schools Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cosmetology & Beauty Schools Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cosmetology & Beauty Schools teaches cosmetology students how to perform cosmetology services on Guests. Cosmetology is about more than just hair, cosmetology is the study and application of beauty treatment to the hair, skin, and nails. Operators in the Cosmetology and Beauty Schools industry offer education and practical training in different segments, including hair styling and cutting, skincare and esthetics, nail services, makeup and other services.

Market Overview:

The latest research study on the global Cosmetology & Beauty Schools market finds that the global Cosmetology & Beauty Schools market reached a value of USD 7968.16 million in 2022. It’s expected that the market will achieve USD 10553.71 million by 2028, exhibiting a CAGR of 4.8% during the forecast period.

The impact of COVID-19 on the Cosmetology & Beauty Schools industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced. The government has also put forward higher requirements for the production and operation of enterprises. Although various industries around the world are gradually resuming work, production and demand will not pick up rapidly and substantially, and will require a certain recovery period.

Increasing downstream demand

The Cosmetology and Beauty Schools industry will continue to thrive as economic recovery leads to higher consumer spending on beauty services, and demand from employers in the beauty treatment industries picks up. Since consumers will have more income, they will indulge in services beyond the simple haircut. As demand for these services increases, demand for beauty professionals will also grow, boosting enrollment at cosmetology and beauty schools. A more favorable employment market will also open up more job opportunities for trained makeup artists in film, television, photography and other facets of the entertainment industry. Population growth, especially the female population between the ages of 20 to 64, will also support demand for beauty professionals at spas, hair and nail salons, and other beauty industries.

The problem of students not graduating on time

Cosmetology & beauty school programs rarely graduate students on time, delaying—or even blocking—aspiring cosmetologists’ entry into the workforce and increasing their debt burden, which limits the development of & beauty school market. For instance, in the USA, in the year with the highest on-time graduation rates, at least 15% of cosmetology schools graduated no students on time. On average, less than a third of cosmetology students graduate on time. And less than two-thirds graduate even with another year in school. Students who do not graduate on time may be forced to pay additional money. Some cosmetology schools require students to complete their programs within a certain amount of time and increase their tuition if they fail. All of this means some students may end up with debt substantially greater than the average student loan reported for any one school year.

Region Overview:

Geographically, Europe held the largest market share – 36.09% in 2021.

Company Overview:

Paul Mitchell Advanced Education, Empire Education Group, Aveda, Tricoci University and The Ogle School are the five key players in the global Cosmetology & Beauty Schools market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Cosmetology & Beauty Schools market in the past 5 years.

Paul Mitchell Advanced Education

In 1980, two friends—Paul Mitchell and John Paul DeJoria—were inspired to create a company that would support the success of hairdressers and provide luxury hair care at an affordable price. With just $700, they launched a revolutionary hair care system with three products: Shampoo One®, Shampoo Two®, and The Conditioner®. Today, their dream is a reality. Paul Mitchell® currently produces over 100 products and is available in over 80 countries worldwide. Paul Mitchell Advanced Education also provides a quality educational system to prepare students to pass the state board examination and gain employment within their chosen field of study.

Empire Education Group

Since 1934, Empire Beauty School has been educating future beauty professionals in the art of cosmetology. From its Home Office in Pottsville, Pennsylvania Empire Beauty School continues with providing a high-quality education and training to future beauty professionals for rewarding careers in the beauty industry. The goal of every Empire Beauty School employee is to support students through every phase of their education, graduation and career placement. Providing opportunities for others and maintaining excellence in education is at the cornerstone of the company, and has been from the very beginning.

Segmentation Overview:

Among different product types, Beauty Schools segment is anticipated to contribute the largest market share in 2027.

Cosmetology Schools

Cosmetology Schools tend to be learning institutions that offer comprehensive and full-lenght beauty courses that cover a wide range of specialities, such as hair, makeup, nails and skin care, as well as esthetician programs. Usually, the courses at cosmetology school go beyond learning just techniques, with lectures in the science behind hair, skin and nails, which you may not get with simpler programs. Cosmetology schools often also offer training programs for those than themselves want to become beauty instructors, as well as courses on sales and marketing, and business skills for salon professionals.

Beauty Schools

Beauty school refers to a school that offers courses on beauty. The programs may be complete courses, or just cover specific aspects or techniques, such as makeup application, or hair styling, or nail art. The programs that are offered are usually not as extensive as those at cosmetology school, but they may have some specialist courses that speak to a particular passion.

Application Overview:

The market's largest segment by application is the segment Women, with a market share of 87.83% in 2022.

Key Companies in the global Cosmetology & Beauty Schools market covered in Chapter 3:

Pivot Point Academy
MBC Academy Beauty Academy
SBS Academy Beauty School
Empire Education Group
Evergreen Beauty and Barber College
The Ogle School
Paul Mitchell Advanced Education
Tricoci University
Dlmonita
Northwest College School of Beauty
Vidal Sassoon
Beautiful People Beauty Academy
Aveda
AOFM (Academy of Freelance Makeup)
Hollywood Institute Of Beauty
Neecee's Barber College
Boca Beauty Academy
Xenon International Academy
Continental School of Beauty Culture

In Chapter 4 and Chapter 14.2, on the basis of types, the Cosmetology & Beauty Schools market from 2018 to 2029 is primarily split into:

Cosmetology Schools
Beauty Schools

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cosmetology & Beauty Schools market from 2018 to 2029 covers:

Men
Women

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)