According to the latest report by IMARC Group, titled “Spa Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global spa market size reached US$ 44.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 91.2 Billion by 2027, exhibiting a growth rate (CAGR) of 12.6% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Spa represents commercial establishments that provide body relaxation and health management services. They can be categorized into salon spas, hotel and resort spas, medical spa, destination spas, thermal spring spas, etc. These spa facilities offer an extensive range of therapeutic treatments, including body scrubs, massages, steam baths, facials, manicures, sauna baths, pedicures, etc. They even provide customizable treatments that have de-stressing and anti-aging effects and prove to be extremely beneficial for managing stress, boosting the immune system, detoxifying the body, weight management, etc. As a result, spa services are in high demand among both male and female consumers across the globe.
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Global Spa Market Trends:
The growing wellness tourism industry and the increasing health consciousness among the masses are primarily driving the spa market. In addition to this, the shifting preferences toward therapeutic spas to reduce stress and anxiety, on account of the hectic schedules and sedentary lifestyles of the working population, are also positively influencing the global market. In line with this, the rising need for personalized premium and super-premium wellness programs and treatments that allow customers to relax in a comfortable ambiance is acting as another significant growth-inducing factor. Apart from this, the elevating use of organic procedures and floatation therapies that promote natural healing of the skin is further stimulating the market growth. Moreover, the escalating usage of innovative social media marketing strategies by leading market players to improve their brand positioning and broaden their customer base and the expanding destination spa segment are expected to propel the spa market in the coming years.
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List of Key Companies Covered in this Market Report:
- Canyon Ranch Inc
- Emirates Palace
- Four Seasons Hotels Limited
- Grand Resort Bad Ragaz AG
- Harrison Hot Springs Resort & Spa Corp
- Lanserhof GmbH
- Marriott International Inc
- Massage Envy Franchising LLC
- Planet Beach Franchising Corporation
- Rancho La Puerta Inc
- Six Senses Hotels Resorts Spas (InterContinental Hotels Group)
Breakup by Type:
- Salon Spa
- Hotel and Resort Spa
- Medical Spa
- Destination Spa
- Thermal Spring Spa
Breakup by End User:
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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