Product Overview With rapidly changing customer expectations of different products, the beauty and personal care industry is undergoing a revolution. Consumers are concerned about the product, its ingredients and its benefits.
New York, June 16, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Spa and Beauty Salon Market: Segmented by Spa; by beauty salon; and Region – Global Market Size, Share and Trend Analysis 2019 – 2020 and Forecast to 2030″ – https://www.reportlinker.com/p06191890/?utm_source=GNW
This heightened consumer interest has spurred consumer awareness of the toxic chemicals used in traditional personal care products, paving the way for the natural market and for spas and beauty salons. Cosmetics and personal care products consist of chemical compounds or organic ingredients that are used to improve overall appearance or for personal hygiene. Natural personal care and cosmetic products are made entirely from plant-based ingredients and do not contain potentially harmful chemicals such as parabens, phthalates, aluminum salts or petrochemicals. Market growth is fueled by growing awareness of beauty and health. Additionally, industry players have put a lot of effort into introducing a variety of items, which has helped supplement the growth of the market.
Global spas and beauty salons are expected to project a notable CAGR of 5.43% in 2030.
Global spas and beauty salons are expected to exceed USD 254.72 billion by 2030, from USD 150.16 billion in 2020 at a CAGR of 5.43% in the coming years i.e. 2021- 30. This growth is anticipated due to increase in mergers and acquisitions in various sectors which will create global demand for spas and beauty salons. The growth of online stores is also propelling the sale of high-end products. E-commerce allows the simple purchase of goods made in remote locations. This, in turn, has made a major contribution to the development of the global spa and beauty salon industry.
Global Spas and Beauty Salons: Segments
Day Spa Segment Expected to Grow with Highest CAGR in 2020-30
Global Spas and Beauty Salons is segmented by spas into day spas, club spas, medical spas, destination spas, mineral spring spa, and resort and hotel spas. The day spa segment held the largest market share in 2020. Day spas, for example, offer a variety of equipment, therapies, and facilities along with daytime relaxation treatments. Day spas offer meals and spa treatments, as well as other amenities, including well-equipped gyms, relaxation salons or bars, and beauty salons offering manicures and other services of beauty. According to a research report on the spa and beauty salon industry, the day or club salon segment will account for the majority of the spa market during the forecast period.
Facial & Skincare Salon Segment Expected to Grow with Highest CAGR in 2020-30
Global beauty spas and salons are segmented by beauty salon into hair salon, hair removal salon, nail salon, tanning salon, facial and skin care salon, and full-service salon. The growing demand for complex skincare among the population, especially among teenagers and the elderly, is driving the global evolution of facials and skincare salons. Additionally, busy consumer lifestyles and high demand for personal care are expected to contribute to the growth of the spa and beauty salon industry.
Growing Consumer Demand and Many Benefits of Spas and Salons
Growing demand for spas and beauty salons from numerous end-user industries is the key factor contributing to the growth of the market. Rising wellness tourism, rising demand from millennials, growing geriatric population, hectic lifestyles in metropolitan areas, and rising consumer spending on wellness products wellness and beauty, as they help relieve stress, along with creative marketing strategies, are the major driving factors of the global spa and beauty salon industry. Additionally, changing customer perceptions towards personal care, along with the desire to look and feel healthy, are driving the spa and beauty salon industry forward. In addition, they help in the treatment of medical problems, detoxification of the body, weight loss and strengthening of the immune system. The growing demand for spas and beauty salons among teenagers around the world is expected to generate significant opportunities in this industry.
Changing consumer preferences and personal well-being
Changing consumer attitudes towards personal care, combined with an ongoing desire to improve overall well-being, are benefiting the spa and beauty salon industry. The demand for wellness solutions has grown as consumers’ desire to improve their personal image and well-being has increased. Spa centers and beauty salons are continually working to develop their offerings by focusing on changing customer tastes to meet the growing demand for unique spa and beauty services. The demand for spas and beauty salons is expected to rise over the forecast period, owing to an increasing desire to adopt a healthy lifestyle.
High cost of skilled therapy and low penetration
However, the global spa and beauty salon industry is held back by the high cost of skilled therapists and low penetration in developing countries.
Global Spas and Beauty Salons Market: Key Players
Bradley & Diegel Salon
Company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent development, regional presence, SWOT analysis
Butterfly Studio Living Room
John Barrett Lounge
Metropolis Lounge & Dry Bar
Muse Salon and Spa
Robert James Salon and Spa
The Roose Salon and Spa
Other top players
Global Spas and Beauty Salons Market: Regions
The global spas and beauty salons are segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Global spas and beauty salons in North America held the largest market share in 2020 in terms of revenue. The expansion of the market may be due to growing customer concerns about personal appearance and changing lifestyles. Additionally, the changing understanding of beauty salon and spa facility customers has led to the growth of the spa and beauty salon industry. The global spa and beauty salon market is expected to be fueled by the introduction of international standards and innovative techniques and therapies to refine training programs to meet growing consumer needs.
The global Spas and Beauty Salons market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Market Size, Share, Trends, Opportunities, YoY Growth, CAGR of Asia-Pacific Market – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – North Africa, Israel, GCC, South Africa & Rest of MENA
The Global Spas and Beauty Salons Market Report Also Contains Analysis of:
Spas and beauty salons market segments:
Do not go
The mineral spring spa
Resort and hotel spas
By Beauty Salon
Hair removal salon
Facial and skin care salon
Full service lounge
Market dynamics for spas and beauty salons
Size of the spa and beauty salon market
Offer and demand
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Scope and segmentation of the Spas and Beauty Salons market report
Frequently Asked Questions
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