Numerous services are offered by spas and beauty salons, including massage, facial treatments, tanning, waxing, pedicures, manicures, hair coloring and style, and body treatments. Certain spas and beauty salons may provide more specialized and customized beauty services, such cosmetics application or skin peels. Beauty salons sometimes concentrate more on appearances, but spas are recognized for offering opulent treatments like massages and relaxation-focused spa packages. Due to the easy access to a wide range of services and the growing emphasis on physical appearance, Americans spend more on grooming and personal care services. The millennial generation is being encouraged to utilize spa and beauty salon services due to their growing awareness of the advantages of spas and preference for aromatherapies. But the hefty price connected with the services may refrain consumers from visiting the spas & beauty salons. Moreover, the rising trend of personalized at-home beauty services and celebrity endorsements are expected to influence the United States population to avail of spa & beauty salon services.
The cosmetic and personal care industry is going through a revolution as a result of constantly shifting consumer expectations for a wide range of goods. Consumers are worried about the product, its ingredients, and the advantages it offers. The natural and spa and beauty salon industries have benefited from the increased public knowledge of the dangerous chemicals included in conventional personal care products brought about by this expanding customer interest. Chemicals and organic materials are the ingredients of cosmetics and personal hygiene products, which are intended to enhance one's overall look and personal hygiene. All-plant components are used to make natural personal care and cosmetic products; no potentially dangerous substances like phthalates, aluminium salts, parabens, or petrochemicals are used.
The ageing population, busy lives in cities, and an increase in consumer spending on wellness and cosmetics as stress relievers are some of the major factors driving the expansion of the worldwide spa and salon sector. Hotels, resorts, and spas are attracting an increasing number of guests by providing recreational amenities like swimming pools. To meet the increasing demands of its clientele, a number of beauty parlors are providing intricate skin care treatment packages. The primary factor anticipated to hinder the expansion of this market is the high prices of goods and services imposed by the spa and salon sector. Additionally, personnel who deal with consumers must have the necessary training and adhere to the norms. The ever-increasing demand from the teenagers across the world towards spas and beauty salons is expected to provide significant opportunities in this market.
ATTRIBUTE | DETAILS |
Study period | 2020-2030 |
Base year | 2022 |
Estimated year | 2023 |
Forecasted year | 2023-2030 |
Historical period | 2019-2021 |
Unit | Value (USD Billion) |
Segmentation | By Spa Services, By Salon Services, By End User, and By Region |
By Spa Services |
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By Salon Services |
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By End User |
|
By Region
|
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The global spas and beauty salons market is anticipated to grow from USD 135.91 Billion in 2023 to USD 195.09 Billion by 2030, at a CAGR of 5.3% during the forecast period.
North America accounted for the largest market in the Spas and Beauty Salons market. North America accounted for 35% market share of the global market value.
L'Oréal, Estée Lauder Companies, Shiseido, Unilever, Amorepacific Corporation, L'Occitane en Provence, Spafinder Wellness Inc., Six Senses Spas, Aman Spas, The Peninsula Spa, The Carlyle Hotel Spa, The Golden Door, Canyon Ranch, Miraval Resorts & Spas, Cal-a-Vie, Mii Amo Spa at Enchantment Resort, Mayflower Park Hotel & Spa, The Lodge at Woodloch, Como Shambhala Estate, Chiva-Som International Health Resort
Social Media Influence: Social media continued to play a significant role in shaping beauty trends and influencing consumer choices. Spas and salons leveraged platforms like Instagram and TikTok for marketing and showcasing their services.
The market for Spas and Beauty Salons is divided into four segments according to spa services, salon services, end user and region. The spas and beauty salons market exhibit diverse service segments, including day spas, club spas, medical spas, destination spas, mineral spring spas, resort and hotel spas, along with salon services encompassing hair, skin, nail, and other specialized treatments. This expansive market caters to a broad spectrum of end users, serving both men and women, reflecting the industry's adaptability to varied preferences and demands.
[caption id="attachment_35504" align="aligncenter" width="643"]With a commanding 41% of the worldwide spa and beauty salon market, day spas are the industry leaders. This is explained by their attractiveness as all-inclusive wellness locations that provide a wide range of services, such as relaxation treatments, massages, and facials, all in one visit. Day spas provide a haven from the demands of everyday life in response to the modern consumer's quest for holistic well-being. The necessity for relaxation and self-care is becoming increasingly recognized, which is contributing to its appeal. A big part of a day spa's market supremacy is its ability to provide clients with various treatments in one convenient location. Day spas are therefore unique as essential participants in the ever growing and changing global beauty and wellness market.
Diverse spa services add to the industry's variety in the spas and beauty salons market. Club spas have a significant 17% of the industry, catering to a niche that combines wellness activities with social features and exercise and leisure services. With a 9% market share, medical spas are popular with those looking for therapeutic and cosmetic procedures carried out under the guidance of certified medical specialists. The market's adaptability to a variety of client tastes and needs—from social relaxation in club spas to specialized medical and aesthetic treatments in medical spas—is highlighted by this segmentation. These unique spa services support the sector's overall expansion and adaptability as it continues to change. [caption id="attachment_35507" align="aligncenter" width="613"]With hair services holding a substantial 40% market share, the Salon Service category is vital to the Spas and Beauty Salons industry. This domination shows how important haircare has been in the beauty business over time. Hair services cover a broad range of services that cater to various trends and aesthetic preferences, such as coloring, style, cutting, and treatments. The 40% market share highlights the persistent need for professional hair care, which is fueled by customers looking for knowledgeable assistance with personal grooming and style. A significant part of the market's audience places a high value on hair services, reflecting the crucial role that hairstyling plays in their whole experience of beauty and self-care. Beauty salons rely heavily on hair services.
A significant 21% of the market for salon services is accounted for by skin services in the spa and beauty salon industry, underscoring the importance of skincare and facial treatments. With 15% of the market, nail services make up a substantial portion, indicating the continued need for expert manicures and pedicures. With a percentage of 24%, the "Others" category includes a variety of services such as massages, cosmetics treatments, and waxing. This distribution emphasizes how extensive salon services are, meeting a range of demands related to wellness and appearance. The distribution of percentages among skin, nail, and other services represents the industry's adaptability to changing customer demands and the diversity of the spa and beauty experience.
[caption id="attachment_35509" align="aligncenter" width="699"]The incorporation of spa and beauty services within the tourism and hospitality increased demand and market growth.
Demand and market expansion have been fueled by the integration of spa and beauty services into the travel and hotel industry. The spas found in hotels and resorts provide a convenient and opulent answer to the growing demand from travelers for immersive and revitalizing experiences. These businesses offer a variety of wellness treatments, such as massages, facials, and relaxation therapies, to improve the entire experience of its patrons. The attractiveness of on-site spa services frequently turns into a determining factor for people selecting lodging, which greatly increases the competitiveness of the hospitality sector. Additionally, spa-hotel/resort collaborations enable the creation of customized wellness packages that draw in a larger clientele. In addition to satisfying tourists' needs for leisure, the relationship between tourism and spa services puts spas as essential elements of destination experiences, thereby driving sustained market expansion in the broader context of the travel and hospitality industry.
RestraintChanges in consumer tastes and health and beauty trends provide a big obstacle for the spa and salon service industry.
The spa and salon service sector faces a significant challenge as a result of the ongoing changes in customer preferences and aesthetics. It may be difficult for businesses to keep up with the current trends due to changes in public tastes, which can be impacted by cultural shifts and celebrity endorsements. Rapid fluctuations in the demand for particular treatments and services mean that institutions must act swiftly to stay relevant. This problem is made more difficult by the emergence of social media, as customer expectations are influenced by the rapid dissemination of trends and beauty standards. The industry needs to strike a careful balance between providing traditional services and incorporating cutting-edge treatments in order to satisfy the varied needs of a changing clientele. Salon workers must pursue ongoing education and training in order to keep current with emerging trends. Adapting to eco-friendly and sustainable practices is another dimension, reflecting the growing emphasis on health-conscious and environmentally friendly choices among consumers.
OpportunitiesThe growth of wellness tourism offers spas and salons a big chance to draw in a worldwide audience looking for holistic experiences.
The rapidly expanding field of wellness tourism offers spas and salons a huge chance to reach a worldwide clientele looking for all-encompassing experiences. Wellness tourism places a strong emphasis on incorporating leisure and well-being into travel experiences, fostering a positive interaction between the two industries. More and more tourists are placing a high priority on their health, looking for restorative procedures and thoughtful experiences while travelling. Spas that follow this trend stand to benefit from a varied and global clientele. By working together with hotels and resorts, spas may become essential parts of destination wellness offers by increasing their exposure and accessibility. Spas may gain a leading position in this expanding industry by customizing offerings, including fitness programme, mindfulness sessions, and holistic treatments, to meet the needs of wellness-conscious travelers. As digital platforms, spas can leverage online marketing to reach a global audience, showcasing their unique holistic offerings and drawing in travelers seeking a balance of relaxation and cultural exploration.
The competitive landscape of the spas and beauty salons market was dynamic, with several prominent companies competing to provide innovative and advanced spas and beauty salons.
30 August 2023 - L’Oréal announced that it has completed the acquisition of distinctive luxury beauty brand, Aesop, in accordance with the terms announced on 3rd April 2023.
22 December 2023 - Unilever announced it has signed an agreement to acquire the premium biotech haircare brand K18. This marks another step in the optimisation of Unilever’s portfolio towards higher growth areas. K18’s range of six products help to identify and address the causes of hair damage, making them a favourite with both professionals and consumers.
North America is anticipated to lead the global spa and beauty salon market during the projected period. Concerns about beauty and evolving lifestyles among consumers are connected to the growth of the sector. A change in the way that customers view spa and beauty salon services is another factor contributing to the expansion of the spa and beauty salon industry. It is anticipated that the adoption of international standards, together with innovative techniques and therapies for improved training programme to fulfil the expanding consumer needs, will propel the worldwide spa and beauty salon market. The demand for spas and beauty salons is also being driven by a rise in the number of working women, changing lifestyles, and a growing willingness to engage in personal care.
[caption id="attachment_35519" align="aligncenter" width="625"]Over the projection period, the Asia-Pacific region is anticipated to expand due to an increase in the number of new salon and spa openings in India. Following the excellent services that salons and spas offer, there is a growing demand for them in China and India. Numerous brands opened salons in the Asia-Pacific area as a result of the expansion of the spa and salon industry. For example, the elite French lifestyle brand Marie Claire Paris opened Salon & Wellness centre in Bangalore, Hyderabad, Pune, Chennai, New Delhi, and Vadodara in March 2022. In addition, Bangalore will host the Haute Coiffure brand Dessange Salon and Spa's opening in December 2021. From extensive hair color services to acrylic nail extensions, Dessange Paris provides high-end cosmetic treatments and hair services.
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