Here are a few spa industry facts which may surprise you…
Why Now is a Great Time to Start a Spa Business Side-Hustle
According to the most recent spa industry market study by the International Spa Association (2022 figures):
- US Spa Industry revenues grew from $12.1 billion in 2020 to $18.1 billion, an increase of more than 49 percent and just below the industry’s all-time high of $19.1 billion in 2019.
- The number of spa visits grew from 124 million in 2020 to 173 million, while the total number of U.S. spas fell only slightly from 21,560 in 2020 to 21,510 in 2021.
- The number of industry employees also rose in 2021, increasing to 345,000 from 304,800 in 2020.
In fact, the spa industry is the fourth most popular leisure industry in the US, and many other countries such as Canada, the UK, Australia and New Zealand are not far behind.
And that’s just the spa treatment industry – you also have the bath and body product industry which is not only huge, but also hungry for new ideas concepts and ideas.
With these growth and revenue figures, is it any wonder that new suppliers of bath and body products are finding their niche in the spa product industry?
If you want to learn some of the best strategies for selling the products you make and tapping into this growing and resilient industry, download the From Hobby to Business Pro guide that will teach you everything you need to start making money from your own homemade spa products!
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