In the year of 2015, the spa industry had an estimated value of nearly $100 billion. That is an amazing statistic to think about, that the spa industry is valued at almost $100 billion. This is because most people who are older in age probably do not get waxes and probably do not visit spas at all.
It is difficult to determine what is the number one factor in the rise of waxes in terms of popularity. However, it is hard to not notice that young people are a big part of this new way of thinking. This is because young people often do things differently than older people and that is one thing to keep in mind when trying to understand the value of waxes.
As millennials are growing up they are starting to bring forth new trends and changes in culture. Within the last year, over half of all millennials have visited a spa. This information comes directly from the International Spa Association. Skin products, spa products, and waxes for eyebrows and all other areas are rising in importance and popularity for younger people.
Understanding a different kind of waxing supplies and waxing equipment is not importnat because the experts and professionals can handle this. When getting waxes, professionals will help people feel at ease and relax during the process. So have no fear if you are thinking about getting waxes done to your body then you can definitely do it!
In 2016, the spa industry brought in an estimated $16.8 billion in revenue. According to a study conducted by Pool and Spa Marketing, there are more than 7.3 million hot tubs in the United States. At any given moment, 90% of an individual’s eyelashes are in their active growing stage.
In order to wax body hair, it must be 1/4 to 1/2 inch long so the hot wax can completely adhere to each strand. According to the International Spa Association, there are approximately 17,000-day spas in the United States. The global spa and wellness industry has been growing by 12% annually since 2007.
Spa Business magazine reports that 83% of millennials, which is deemed as the generation that loves technology the most, go to a spa less than five times a year. An increasing focus on wellness resulted in more than 179 million Americans visiting spas in 2016. In 2013, the North American spa industry generated $18.3 billion in revenue.
According to a 2016 market report, there were approximately 16,710-day spas in the U.S. There was a 2% increase in spa visits from 2014 to 2015. From 2014 to 2015, the nationwide spa industry experienced a 5% increase in total revenue, from $15.5 billion to $16.3 billion. According to a marketing study by BVA Group, 78% of customers exposed to a store?s signature scent while shopping said they planned to return to that place of business.
In Conclusion
There is no doubt that waxes will only continue to grow in regards to their popularity. As younger people grow older they will start their own families and will raise their own children. It is highly likely that these parents will teach their children about their own practices and thus they will become normal for their children.
