Home > Professional Services > Spa Market

Spa Market Trends

Report ID: GMI6537
Published Date: Aug 2023
Report Format: PDF

Download Free Sample

Spa Market Trends

The rising use of skin care products is allowing the spa business to register lucrative growth through the fostering of a symbiotic relationship. For instance, in August 2023, Prada Beauty introduced Prada Skin and Prada Color through its Rethinking Beauty campaign, marking the brand's inaugural foray into skincare and cosmetics. The assortment of products within the company’s fresh cosmetics and skincare items aims to establish a tailored beauty journey, thereby aligning with the intrinsic essence of the brand's identity. As the skincare industry expands and consumers prioritize skin health, spas offering personalized guidance and professional treatments will capitalize on this trend, enhancing their offerings and profitability in the industry.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global market value for spa at USD 54.6 billion in 2022 and will record over 11.5% between 2023 and 2032.

The massage therapies segment will record over 11% CAGR from 2023 to 2032 owing to the investments in technologically advanced massage therapy ventures.

North America market held over 35% revenue share in 2022 and will grow significantly through 2032 as the concept of wellness is being integrated into various aspects of the spa experience.

Marriott International, Thalasso Spa, ESPA, Mandarin Oriental Hotel Group, Canyon Ranch, The BodyHoliday, and Six Senses.