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Spa Market
The growing hospitality sector and escalating tourism a prominent factor driving the spa market.
Hotels and restaurants are augmenting their services, and tourism is surging, causing elevated demand for fitness and luxury encountering.” - Polaris
market ResearchNEW YORK CITY, NY, UNITED STATES, January 15, 2025 /EINPresswire / -- The spa market forecast for 2034 is a specialized study of the
industry with a specific concentration on the global market trend analysis.
The recently published Spa Market study report by Polaris Market Research reveals that the global market was USD 70.39 billion in 2024, with a CAGR of 11.7% projected from 2025 to 2034. The global market is expected to offer an absolute opportunity of USD 211.49 billion by 2034.
What is Spa?
The terminology spa encloses a broad gamut of services and experiences and can indicate everything from a compact facial and massage business to a comprehensive terminus of indulging. Day spas normally provide facials, massages, and sometimes alternative cures.
They also provide salon services such as waxing, manicures, and pedicures. They are usually located in city centers and domestic regions, offering local support with interim but refreshing treatments and replicating engagements. Travelers are looking for composure and revival, making spa services an important attribute at several hotels and resorts is impacting the spa market growth favoarbly.
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Who Makes Spa?
The market is excessively aggressive, with critical contenders traversing luxury hotel chains, unconstrained wellness centers, and medical spas. Here are some of the leading players in the spa market:
.Emirates Palace Spa
.Clarins Group
.Belmond Maroma Resort & SPA
.Four Seasons Hotel Limited
.Gaia Retreat & SPA
.Grand Resort Bad Ragaz AG
.Hot Springs Resort & Spa
.Jade Mountain
Some of the latest developments in the market are:
.In March 2024, Canyon Ranch bestows its introductory beauty and fitness festival, Enchant, at its Tucson resort. Over 25 beauty brands are engaged in providing guest verification, panel consultation, and personal services.
.In October 2021, Harvia Group augmented its existence in Japan by associating with Bergman Ltd. The objective is to launch 50 Harvia Sauna & Spa exhibits within three years.
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What's Driving Market Forward?
.Escalating Disposable Income: The growing disposable income of the middle-class category drives market advancement. Due to the growing disbursing power, several people fund fitness and rejuvenation. They are organizing rejuvenation and strain relief, which has caused elevated demand for spa services.
.Concentration on Holistic Well-Being: People are growingly concentrating on their bodily, cognitive, and psychological fitness. This trend is especially robust amongst the younger generation, who are looking for ways to equalize their frantic lifestyles with self-care. This, in turn, is having a favorable impact on spa market sales.
.Rising Demand for Conventional Spa Cures: The demand for conventional spa cures, such as Turkish, Lomi, Ayurveda, Swedish, and Thai massages, has notably escalated. These therapies are acknowledged for their factual roots and therapeutic advantages, such as weight handling, antiaging, immune system improvement, and detoxification.
Which Region Leads Market Growth?
.Europe: Europe accounted for the largest spa market share. The region's robust growth is primarily due to the growing approval of massage therapies. Several European spa providers are acquiring identification by providing a broad gamut of services that concentrate on encouraging healthy living and comprehensive well-being.
.Asia Pacific: Asia Pacific is anticipated to witness significant growth from 2025 to 2034. This can be attributed to a surge in inbound and outbound tourism covering the region.
How is Market Segmentation Done?
By Type Outlook:
.Hotel/Resorts Spa
.Destination Spa
.Day/Salon Spa
.Medical Spa
.Mineral Spring Spa
.Others
By Service Outlook:
.Massage
.Beauty/Grooming
.Physical Fitness
.Others
By End User Outlook:
.Male
.Female
By Regional Outlook:
.North America
oUS
oCanada
.Europe
oGermany
oFrance
oUK
oItaly
oSpain
oNetherlands
oRussia
oRest of Europe
.Asia Pacific
oChina
oJapan
oIndia
oMalaysia
oSouth Korea
oIndonesia
oAustralia
oVietnam
oRest of Asia Pacific
.Middle East & Africa
oSaudi Arabia
oUAE
oIsrael
oSouth Africa
.Rest of the Middle East & Africa
oLatin America
oMexico
oBrazil
oArgentina
oRest of Latin America
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FAQs:
How much is the spa market value?
The market size was valued at USD 70.39 billion in 2024.
Which segment, led by type, led the spa market?
The hotel/resorts segment led the market.
Which region held the largest market share?
Europe held the largest market share.
What is the growth rate of the market?
The global market is projected to register a CAGR of 11.7% during the forecast period.
Browse PMR's Spa Market Report Coverage from Different Publications:
The spa industry is expected to reach USD 211.49 billion by 2034,exhibiting a CAGR of 11.7% during 2025–2034.
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
Likhil G
Polaris Market Research and Consulting
+1 929-297-9727
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