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Spa treatments are the major services offer spa treatments such as
body scrubs and facials, both of which have different purposes. For example, a
body scrub may be used to cleanse the skin and prepare it for a deep tissue
massage. A facial may be used as a light moisturizer.
The hectic lifestyle of people is creating a need for fitness,
peace of mind, and wellness services. This in turn is fueling the market growth
of Spa. According to the Global Wellness Institute, the global wellness economy
is valued at $4.5 trillion in 2018. These services help in reducing stress, detoxifying
the body, treating medical ailments, and reducing weight. Growing innovation in
spa service such as hybrid spa
technology is again fueling the market growth. Hybrid technology uses less
amount of carbon and other chemicals. This is further propelling the market
growth of the spa. The rise in urban population is another major factor
augmenting the market growth of the spa. According to the United Nation, in
2018, 55% of the world’s population live in urban areas, a proportion that is
expected to increase to 68% by 2050.
North America is expected to gain significant growth over the
forecast period and this is attributed to the strong presence of spa facilities
in the region. According to the Salt Therapy Association, there are over 87,000
Spas in the US generating $73 billion annually. There are over 26,000
yoga/Pilates facilities that generated $4.7 billion and are anticipated to
double by 2017.
Key Developments:
In September 2020, International spa brand ESPA launches In India.
ESPA offers a wide variety of highly acclaimed products, with favorites
including the Optimal Skin Pro-Cleanser, Hydrating Cleansing Milk, Overnight
Hydration Therapy, and Pink Hair and Scalp Mud.
In February 2020, Spavia, a renowned innovator of spa experiences,
has reshaped the spa market once again by announcing the launch of Spavia 2.0.
Spavia 2.0 has also announced a total revitalization that is centered on three
destination themes: Caribbean (ocean), Aspen (mountain), and Napa (wine
country).
In March 2019, Luxury Ayurveda brand Spa Ceylon has launched its
new De-Stress Collection of health and wellbeing products designed to help ease
stress and promote natural harmony and chakra balance.
In June 2018, Casa Angelina located on the Amalfi Coast of Italy
has announced the launch of a new luxury spa: PEAKLIFE
In October 2020, Blu Spas announced the launch of several new
proprietary concepts, such as Blu Galaxy, a modern wellness experience, and
other immersive wellness technologies.
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