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Middle East and Africa Spa Service Market was valued at USD 25.77 Billion in 2023. Middle East and Africa Spa Service Market size is estimated to grow at a CAGR of 13.47% over the forecast period.<br><br>Reach out to us: https://www.stellarmr.com/report/MEA-Spa-Service-Market/1343
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Middle East and Africa Spa Service Market global Analysis Report 2024-2030 Published by: Surekha, Marketing Head
Market Size & Overview: The Middle East and Africa (MEA) spa service market was valued at approximately USD 3.53 billion in 2021 and is projected to reach around USD 7.33 billion by 2028, growing at a compound annual growth rate (CAGR) of 11% during the forecast period. This growth is driven by increasing consumer interest in wellness and self-care, leading to a higher demand for spa services across the region.
Market Growth & Opportunities The MEA spa service market is experiencing significant growth due to rising disposable incomes, urbanization, and a growing awareness of health and wellness benefits associated with spa treatments. Opportunities in the market include the expansion of hotel and resort spas, which are expected to be the fastest-growing segment, and the development of medical spas offering specialized therapeutic services. Sample Request
Market Segmentation • By End-user • Men • Women • By Services • Massage • Beauty/Grooming • Physical Fitness • Others
Regional Analysis: • North America: The spa service market in North America is projected to grow from USD 70.88 billion in 2023 to USD 147.16 billion by 2030, at a CAGR of 11%. This growth is attributed to a strong emphasis on health and wellness, with services like massages, beauty treatments, and physical fitness gaining popularity. • Europe: Europe is anticipated to lead the global spa market in terms of revenue by 2028, reflecting a robust spa culture and a high demand for wellness services across the continent. • Asia-Pacific (APAC): The APAC region is the fastest-growing spa market, projected to reach approximately USD 35.31 billion by 2028. This rapid growth is driven by increasing urbanization, rising disposable incomes, and a growing interest in wellness and self-care practices.
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Merges and Acquisition • As per the provided URL, specific details on mergers and acquisitions in the MEA spa service market are not available. However, the market is characterized by the presence of key players such as Banyan Tree Holdings Ltd, Mandarin Oriental International Ltd, Hyatt Hotels Corp, Marriott International Inc, and Four Seasons Hotels and Resorts, which actively engage in strategic initiatives to expand their market presence. Buy This Report
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