The Spas and Beauty Salons Market was at US$ 152 Bn in 2021 and is growing to approximately US$ 255 Bn by 2030, with a CAGR growth of 6% between 2022 and 2030.

SANDY, UTAH, UNITED STATES, September 1, 2022 /EINPresswire.com/ -- According to the study, The Global Spas and Beauty Salons Market was estimated at USD 152 billion in 2021 and is anticipated to reach around USD 255 billion by 2030, growing at a CAGR of roughly 6% between 2022 and 2030.

Spas and Beauty Salons Market: Overview

Spas and Beauty Salons are becoming more popular in the modern world as people seek wellness solutions to relieve stress from their hectic lifestyles. Spas and Beauty Salons offer men’s and women’s beauty and personal care services and products. Spa practitioners and beauticians in Spas and Beauty Salons provide advice and information about skin and hair, which is another factor driving the market growth.

Spas and Beauty Salons Market: Growth Drivers

Burgeoning modernization and a hectic lifestyle are the primary factors propelling the global Spas and Beauty Salons market. Moreover, the high standard of living and soaring disposable income motivate customers to seek such services in order to renew their skin and reduce stress, thereby propelling the market growth. This industry is predicted to grow further as there is a greater demand for herbal or natural products to keep the body healthy. Additionally, the growing desire for personal appearance among youth and the elderly population, as well as the emergence of new spa technologies, are expected to push the global Spas and Beauty Salons market.

The surging demand for Spas and Beauty Salons from a variety of end-user industries is a major factor driving market growth. The rising trend of wellness tourism, growing demand from millennials, an aging population, hectic lifestyles in urban areas, and rising spending on wellness and beauty products to relieve stress, as well as creative marketing strategies, are key factors in the worldwide Spas and Beauty Salons industry. Furthermore, shifting customer perceptions of personal care, in addition to a desire to look and feel healthy, are propelling the spa and beauty salon industry. Furthermore, they aid in the treatment of health-related problems, detoxification of the body, immune system strengthening, and weight loss.

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Key Insights:

A) As per the analysis shared by our research analyst, the Spas and Beauty Salons market is estimated to grow annually at a CAGR of around 6% over the forecast period (2022-2030).
B) In terms of revenue, the Spas and Beauty Salons market size was valued at around USD 152 billion in 2021 and is projected to reach USD 255billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
C) Based on spa service segmentation, the day spa segment was estimated to show maximum market share in the year 2021.
D) Based on salon service segmentation, the skin segment was the leading revenue-generating category in 2021.
E) Based on end-user segmentation, the women segment was the leading revenue-generating category in 2021.
F) On the basis of geography, the North American region was the leading revenue generator in 2021.

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Regional Landscape

The North American region is projected to dominate the global Spas and Beauty Salons market over the coming years. Consumer concerns about their personal appearance as well as changing lifestyles are associated with industry growth. Furthermore, the expansion of the Spas and Beauty Salons market is owing to a change in the perception of beauty salons and spa services by consumers.

The adoption of global standards, as well as new techniques and therapies for better training programs to meet growing client demands, are expected to propel the worldwide Spas and Beauty Salons market. Moreover, a rise in the proportion of working women, changes in lifestyle, and a strong desire to invest in self-care are all factors driving up demand for Spa and Beauty Salons in the US.

Recent Development

A)June 2022:Luxury Condo Building 53 W has partnered with John Barrett Salon. Residents of 53 West 53 will have priority access to the salon’s services as a result of the partnership.
B) July 2022: Calm – Salon and Spa, a holistic hub of wellness treatments and salon experiences, has opened at Novotel Visakhapatnam Varun Beach. The spa is designed for rejuvenation and self-care, with a view of the Bay of Bengal to soothe guests’ senses.

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Key Players

Muse Salon & Spa LLC
The RooseParlour and Spa
Salon U
Butterfly Studio Salon & Spa
Metropolis Salon & Dry Bar
John Barrett Salon
Robert James Salon and Spa
Paul Labrecque Salon and Spa
MetodoRossano Ferretti Salon
Madeline Wade
Rossano Ferretti
Chris Chase Salon
Takamichi Hair
Bradley &Diegel Salon
Maxine Salon
Marcos ProencaCabeleireiros
Vasken Demirjian Salon

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The Spas and Beauty Salons Market is segmented as follows:

By Spa Service

Day spas
Club spas
Medical spas
Destination spas
Mineral spring’s spa
Resort and hotel spas

By Salon Service

Hair
Skin
Nail
Others

By End User

Men
Women

By Geography

North America

The USA
Canada
Mexico
Europe
The UK
Germany
France
Italy
Russia
Rest of Europe

Asia Pacific

China
India
Japan
South Korea
Malaysia
Philippines
Rest of Asia-pacific

Latin America

Brazil
Rest of Latin America
Middle East and Africa
GCC
North Africa
South Africa
Rest of Middle East & Africa

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