Global Spas and Beauty Salon Market Size, Trends and Growth Opportunity, By Type (Spa and Beauty
Salon), By End-User (Men and Women) By Region and Forecast Till 2027.
Global Spas and Beauty Salon Market
The Spas and Beauty Salon market was valued at US$ 138.9 billion in 2021 and it is expected to reach
at US$ 191.6 billion in 2027 at a CAGR of 4.7% during forecast period 2022-2027.
Increasing awareness with respect to personal grooming and enrichment of elegant looks escalating
the demand for spa and beauty salon services. It also offers health related benefit which drive the
growth of this market. Increase in disposable income and shifting consumer preference towards
wellbeing will create opportunity for the market.
Market Drivers
Increasing concern about personal appearance and lifestyles is driving the spas beauty salon market
growth. Changing customer perceptions toward personal care as well as desire to look & feel healthy
are key driving factor in fueling the growth of this market. Moreover, increase in disposable income
and spending capacity of consumer, innovation in new therapies and adaptation of new techniques
is propelling the growth of the market.
Market Restraint
The global spas and beauty salon industry is being held by the high cost of qualified therapy
practitioners and poor penetration in developing countries.
COVID-19 Impact on Spas and Beauty Salon Market
With the outbreak of covid-19 the market impacted adversely due to lockdown imposed by
government several beauty salons, barbers and beauty parlors shutdown. But after pandemic
treatments like massage, waxing, anti-aging and tan removing creams are becoming extremely
popular.
Market Segmentation
The global spas and beauty salon market segmented on the basis of types and end-user. On the basis
of types it segmented into spa and beauty salon. On the basis of end-user, it segmented into men
and women.
Regional Analysis
The global spas and beauty salon market segmented into five regions North America, Europe, Latin
America, Asia Pacific, Middle East and Africa. North America is expected to witness a significant rise
in spa and salon market. Adaptation of advanced technology in various spas and salon in these
regions propelling the growth of this market.
Key Players
Various key players are listed in this report such as Muse Salon & Spa LLC, Paul Labrecque, The rose
parlour and spa, Metropolis Salon, Robert James Salon and Spa, Butterfly Studio Salon and Spa, Chris
Chase Salon, John Barrett Salon, Metodo Rossano Ferretti Salon, Madeline Wade.
Market Taxonomy
By Type
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