Custom Market Insights
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.
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.β
β Custom Market Insights
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 menβs and womenβs 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 …….