

The availability of global brands beyond the borders of geography and the growing awareness about the different practices of massage and beauty therapy has elevated the beauty industry into a different realm in terms of consumption and revenue.
There are a few interesting statistics to prove the industry’s worth and its growth in recent years.
On-demand services are expected to grow at a Cumulative Annual Growth Rate (CAGR) of 52% over the next five years.
A PricewaterhouseCoopers report states that the market for on-demand services on mobile applications and websites will reach a value of about $335 billion by 2025.
According to Harvard Business Review, among the users who embrace on-demand services, 40% are millennials and the rest are between the age of 35 and 54.
Zion Market Research states that the market for beauty salons is expected to be close to $200 billion by 2024 with a CAGR of 5.8%.





