United States of America
The United States is a highly developed mixed-market economy and has the world's largest nominal GDP and net wealth. The U.S. share of Global economy is 15.78% in PPP terms in 2022. The largest U.S. trading partners are China, the European Union, Canada, Mexico, India, Japan, South Korea, the United Kingdom, and Taiwan. The U.S. is the world's largest importer and second-largest exporter.
Personal Care Service Industry
The personal care service industry [NAICS : 8121] comprises establishments that provide appearance care services to individual consumers. Salons are expanding products and services, fueling industry revenue growth, $62 billion in 2023. The demand for industry service is expected to rise again, and industry revenue is projected to rise at an annualized rate of 5.0% to $65 billion 2024.
Cost Structure
Wages: 44%
Rent & Utilities: 15%
Purchase: 14%
Others: 17%
Profit: 10%
Salons regularly purchase products from local and national distributors. Salons spent approximately $8.7 billion in 2023 to provide appearance care services and to resell products to individual consumers.
Salon Concentration
Most salons are located in east coast.
1. New York (11.5%) : 134,513
2. California (10.8%) : 126,325
3. Florida (7.0%) : 81,877
4. Pennsylvania (6.2%) : 72,520
5. New Jersey (5.8%) : 67,841
MARKETPLACE
Are you interested in doing business with MOHM Beauty and start selling your products at MOHM Beauty Marketplace?
Please email a PowerPoint presentation. MOHM Beauty Marketplace | Attn: New Products | mail@mohm.beauty . Tell us about your company. If we are interested in your products, we will contact you about making an appointment. We appreciate your interest in MOHM Beauty!
