Global Spas and Beauty Salons Market to Reach $226 Billion by 2030
The global market for Spas and Beauty Salons estimated at US$164.6 Billion in the year 2023, is expected to reach US$226 Billion by 2030, growing at a CAGR of 4.6% over the period 2023-2030. Spas, one of the segments analyzed in the report, is expected to record 5.1% CAGR and reach US$131.7 Billion by the end of the analysis period. Growth in the Beauty Salons segment is estimated at 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $43.7 Billion, While China is Forecast to Grow at 7% CAGR
The Spas and Beauty Salons market in the U.S. is estimated at US$43.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$49.3 Billion by the year 2030 trailing a CAGR of 7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 4.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.
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