Spas And Beauty Salon Market Size, Share, Global Business Growth, New Opportunities, Key Trends, Future Scope and Demand Forecast by 2030

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May 10, 2023 (Alliance News via COMTEX) — The global spas and beauty salon market size was US$ 151.9 billion in 2021. The global spas and beauty salon market is forecast to grow to US$ 251.7 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.

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Factors Influencing the Market
The beauty and personal care sector is going through a transformation as a result of constantly changing consumer expectations for various products. The demand for natural personal care and cosmetic products that do not contain any dangerous substances like parabens, phthalates, aluminium salts, or petrochemicals is growing substantially. As a result, it will be opportunistic for the spas and beauty salon market during the study period.

Growing awareness related to the health benefits of spas will also drive the growth of the spas and beauty salon market. Apart from that, the wellness tourism sector is gaining significant traction, which will be opportunistic for the spas and beauty salon market.

Increased demand for effective spas and beauty salon services from millennials will prompt market growth. Other factors such as hectic lifestyles in metropolitan areas and increased consumer spending on wellness and beauty products will contribute to the growth of the market.

Rising disposable income and shifting consumer preference towards personal well-being will be opportunistic for the market. On the flip side, the high cost of qualified therapy may limit the market growth during the study period.

COVID-19 Impact Analysis
The COVID-19 pandemic has had a notable negative impact on the spas and beauty salon market. The growth of the market was impeded by continuous lockdown in several countries, which remained for more than a year. Moreover, the terror of the virus changed consumer preference as they become more health-conscious. Thus, it strictly declined the demand for spas and other treatments, which may result in disease transmission.

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Regional Analysis
North America is forecast to hold the highest share in the spas and beauty salon market. The growth of the market is attributed to the rising expansion of the beauty sector and the growing focus on personal appearance. In addition, evolving lifestyles of people may have a significant impact on the market during the study period. The sector for spas and beauty salons has expanded as a result of shifting consumer perceptions. The adoption of international standards, cutting-edge techniques, and therapies for improving training programs to match the growing customer needs are anticipated to drive this regional spa and beauty salon market forward.

Competitors in the Market
? Bradley & Diegel Salon
? Butterfly Studio Salon
? Chris Chase
? John Barrett Salon
? Metropolis Salon & Dry Bar
? Muse Salon and Spa
? Robert James Salon and Spa
? Rossano Ferretti
? Salon U
? The Roose Parlour and Spa
? Other Prominent Players

Market Segmentation
The global spas and beauty salons market segmentation focus on Spas, Beauty salons, and Region.
By Spas
? Day spas
? Club spas
? Medical spas
? Destination spas
? Mineral spring’s spa
? Resort and hotel spas
By Beauty Salon
? Hair Salon
? Waxing Salon
? Nail Salon
? Tanning Salon
? Facials and Skin Care Salon
? Full-Service Salon

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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America

Key questions answered in the Spas And Beauty Salon Market report are:

How does a global company acquire markets?
What are its core strategies and policies?
What factors will influence the market over the forecast period?
What are the factors driving and restraining the market?
What are the leading competitors in the global market?
Which region is growing at a higher pace in the global market?

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