Spa Market 2022 Industry Analysis by Industry Events, End-User, Type, Application, Regions and Forecast to 2030 | CRED International Co. Ltd., Windsor Hotel, Marriott International, Grand Hyatt, Siam Wellness Group, Lanserhof, and Hot Springs Resort & Spa

Astute Analytica recently updated a new research report on the global spa market. This research report has both primary and secondary data sources. This analysis includes the government strategy, market situation, competitive landscape, historic data, current market trends, technical inventions, future technologies, and technical growth in associated industries.

The global spa market was valued at US$ 95 Bn in 2021 and is anticipated to record a revenue of US$ 185.5 Bn by 2030. The market is projected to expand at an increasing rate of 7.6% over the forecast period of 2022 to 2030.

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The global market is continuously changing to meet changing customer demand and trends. In recent years, the market has become increasingly influenced by digital innovation, the COVID-19 pandemic, and a greater emphasis on sustainable and healthy behaviors. Digitalization has put the client in control, allowing them to compare and scrutinize things in real-time.

In order to sustain client loyalty in this environment, consumer goods companies are enhancing their marketing methods and brand recognition. The leading players in the market have introduced new products to fulfill an ever-increasing range of human needs and aspirations. These methods, along with higher margins and portfolio weightings in fast-growing areas, have resulted in outstanding shareholder returns.

Impact Analysis of COVID-19

The COVID-19 pandemic changed how people buy and wreaked havoc on the market. Cleaning supplies, shelf-stable food, beverages, and toilet paper became scarce in certain nations. Furthermore, the function of sustainability is becoming increasingly important in the consumer goods sector; there is a growing desire for more sustainable and ethically manufactured products across the board.

However, the industry's fundamentals and stock market performance have deteriorated. In terms of economic profit contribution, several players began to pull ahead of the pack. The US market before COVID-19, for example, is instructive. In the United States, specific brands (with more than $750 million in revenue) lost volume at a pace of 1.5%. Small brands increased by 1.7%, while private labels increased by 4.3%.

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Regional Insights

By Type:
Ayurvedic Spa
Bootcamp Spa
Day Spa
Destination Spa
Medical Spa
Mineral Spring Spa
Mobile Spa
Thalassotherapy Spa
Others

By Application:
Hotel/ Hospitality
Gym/ Fitness and Spas
Household
Other

By Market Type:
New
Renovation/Replacement

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

Key Players Insights
The key players in the Global Spa Market are CRED International Co. Ltd., Windsor Hotel, Marriott International, Grand Hyatt, Siam Wellness Group, Lanserhof, and Hot Springs Resort & Spa among others.

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