Spa Market Vendor Landscape, Growth Driver Analysis, Variables, Trends and Regional Scope

San Francisco, Calif., USA, Sep 15, 2022 — /EPR Network/ —

Spa Industry Overview

The global spa market size was valued at USD 47.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.1% from 2021 to 2028. The rise in hectic lifestyle in urban areas, growth in inbound and outbound tourism for the purpose of wellness, rising demand from emerging markets, and awareness are the factors propelling the market growth. The coronavirus (COVID -19) pandemic had a significant impact on the industry, as businesses were forced to close or enforce stringent hygiene requirements and regulations for their workers and visitors.

In a March 2020 survey of spa industry professionals worldwide, 31% predicted that the number of spa visits decreased by more than 70% during the pandemic compared to the same period the previous year. Maintaining a physically and mentally healthy lifestyle is expected to increase spa therapies’ demand. Moreover, changing lifestyles, rising disposable income, and increasing population are anticipated to drive the market over the forecast period.

Gather more insights about the market drivers, restraints and growth of the Global Spa Market

Sedentary lifestyles, rapid urbanization, and working professionals’ hectic schedules have increased therapeutic spas’ preference to relieve anxiety and stress. As a result, spas that include customized best and super-premium capabilities through several spas services and treatments are gaining momentum.

With international hotel chains in the market, the industry’s growth remains strong. Factors such as the growing female population and anti-aging spa treatments would add a significant number of potential clients to the spa industry over the forecast period. Spas in the Asia Pacific region accounted for more than half of all spas constructed worldwide. For instance, Starwood Hotels has 65 spas in the area under construction, while Hilton Worldwide has 124 expected.

Browse through Grand View Research’s Consumer Goods Industry Related Reports

Medical Spa Market – The global medical spa market size was valued at USD 14.4 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 14.82% from 2022 to 2030.

Massage Oil Market – The global massage oil market size was valued at USD 2.60 billion in 2019 and is expected to witness significant growth in the forthcoming years.

Spa Industry Segmentation

Grand View Research has segmented the global spa market based on service type and region:

Spa Service Type Outlook (Revenue, USD Billion, 2016 – 2028)

• Hotel/Resorts Spa
• Destination Spa
• Day/Salon Spa
• Medical Spa
• Mineral Spring Spa
• Others

Spa Regional Outlook (Revenue, USD Billion, 2016 – 2028)

• North America
• Europe
• Asia Pacific
• Central & South America
• MEA (Middle East & Africa)

Key Companies profiled:

Some prominent players in the global Spa Industry include

• Planet Beach
• Hot Springs Resort & Spa
• Four Seasons Hotel Limited
• Massage Envy
• Lanserhof
• Jade Mountain
• Rancho La Puerta
• Mandarin Oriental Hotel Group
• Omni Hotels & Resorts
• Emirates Palace Spa

Order a free sample PDF of the Spa Market Intelligence Study, published by Grand View Research.