Saudi Arabia Spas and Beauty Salons Market is Expected to Reach USD 3147.9 Million, Growing at a CAGR of 10.64% between 2021 and 2027

Infinium Global Research has added a new report on Saudi Arabia Spas and Beauty Salons Market. The report covers the analysis of regional markets of Saudi Arabia. Moreover, the report gives insights into the factors that affect the regional performance of the market in the short run and in the long run. The Saudi Arabia spas and beauty salons market is a customer intelligence and competitive study of the demand, forecasts, trends, and macro indicators in Saudi Arabia market. The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, technological factors, key trends, and future prospects. The Saudi Arabia spas and beauty salons market was valued at USD 1585.0 million in 2020 and is expected to reach USD 3147.9 million by 2027 and grow at a CAGR of 10.64% over the forecast period.

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The wellness tourism sector in Saudi Arabia is experiencing significant expansion, becoming a major catalyst for the growth of spas and beauty salons across the country. Saudi Arabia's tourism sector is one of the largest in the Middle East, with a record 15.8 million inbound tourist trips in 2019, marking a 15.3% year-on-year increase from the previous year. In addition, inbound tourist expenditures grew by 14.9% in 2019, reaching USD 26 billion. While religious pilgrimages account for a substantial portion of tourism in Saudi Arabia, there is notable growth in leisure and medical tourism.

Saudi Arabia introduced the tourism eVisa in September 2019 to stimulate tourism across various segments, including leisure, business, and medical travel. The country is undergoing significant infrastructure development and is planning to invest nearly USD 40 billion in tourism facilities by 2025. Spa and fitness facilities are now integral parts of hotels and tourism establishments. In 2019, Saudi Arabia became the second-largest spa market in the Middle East, generating USD 347 million, according to the Global Wellness Institute. Furthermore, the country ranked 35th on the 2020-2021 Medical Tourism Index as a global destination for medical tourism, driven by the growth in wellness tourism.

The increasing number of women entering the workforce, fueled by the Vision 2030 initiative, is another pivotal factor supporting the growth of spas and beauty salons in Saudi Arabia. Vision 2030 aims to boost women's labor force participation from 16% to 30% by 2030, empowering more women to contribute to the workforce.

However, the market's growth is not without challenges. The most significant hurdle faced by spas and beauty salons in Saudi Arabia is the recruitment and retention of skilled professionals. Many establishments tend to hire workers with minimal training, leading to service quality issues and customer dissatisfaction. The lack of standardized and accredited training courses for spa and beauty services necessitates in-house training, which remains the only option for developing a skilled workforce. High attrition rates further exacerbate the shortage of experienced professionals, slowing down market growth.

Nonetheless, the Vision 2030 initiative presents a host of opportunities for the spas and beauty salons market. With an ambitious plan to diversify the economy, increase private sector growth, and invest heavily in tourism, infrastructure, and labor market reforms, Saudi Arabia is set to attract significant private sector investment. The government's goal of welcoming 25 million tourists annually and adding 27 billion Saudi Riyals annually to GDP aligns perfectly with the growth trajectory of the spas and beauty salons market. The initiative also emphasizes diversification in the workforce and the integration of women into various sectors, further empowering women and driving the growth of spas and beauty salons.

As Saudi Arabia transforms into a vibrant hub for wellness tourism and economic diversification, the spas and beauty salons market is poised to thrive, offering a wide array of services to cater to the growing demand for relaxation and personal care.

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Table of Content

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Saudi Arabia Spas and Beauty Salons Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Saudi Arabia Spas and Beauty Salons Market

Chapter 4. Saudi Arabia Spas and Beauty Salons Market by Spas Types

4.1. Day Spas

4.2. Club Spas

4.3. Medical Spas

4.4. Other Spas Types

Chapter 5. Saudi Arabia Spas and Beauty Salons Market by Beauty Salons Types

5.1. Hair Salons

5.2. Waxing Salons

5.3. Nail Salon

5.4. Tanning Salon

5.5. Other Beauty Salons Types

Chapter 6. Company Profiles

6.1 Maison de Joelle

6.2.1.1 Overview

6.2.1.2 Company Overview

6.2.1.3 Product Portfolio

6.2.2 VOG Hair Riyadh

6.2.2.1 Overview

6.2.2.2 Company Overview

6.2.2.3 Product Portfolio

6.2.3 Oriana

6.2.3.1 Overview

6.2.3.2 Company Overview

6.2.3.3 Product Portfolio

6.2.4 Luthan Hotel and Spa

6.2.4.1 Overview

6.2.4.2 Company Overview

6.2.4.3 Product Portfolio

6.2.5 Four Spa

6.2.5.1 Overview

6.2.5.2 Company Overview

6.2.5.3 Product Portfolio

6.2.6 Kaya Skin Clinic

6.2.6.1 Overview

6.2.6.2 Company Snapshot

6.2.6.3 Product Portfolio

6.2.7 Al Manahil Entertainment Co.

6.2.7.1 Overview

6.2.7.2 Company Snapshot

6.2.7.3 Product Portfolio

6.2.8 Four Seasons Hotels Limited

6.2.8.1 Overview

6.2.8.2 Company Snapshot

6.2.8.3 Product Portfolio

6.2.9 Al Faisaliah Spa by ESPA

6.2.9.1 Overview

6.2.9.2 Company Snapshot

6.2.9.3 Product Portfolio

6.2.10 Enaya Care International Company

6.2.10.1 Overview

6.2.10.2 Company Snapshot

6.2.10.3 Product Portfolio

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Saudi Arabia spas and beauty salons.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2027.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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