From active ingredients to finished formulations, experts explain what’s driving the professional spa treatment and skin care markets.
Tom Branna, Editorial Director01.30.23
Rejuvenation is a key attribute for spa aficionados—it’s a good word to describe the spa market, too. After getting battered by the pandemic for two years, the global spa market is enjoying a resurgence. Grand View Research predicts the category will post a CAGR of 12.1% to reach nearly $118 billion by 2028. That’s no surprise to companies that thrive in the space.
“Spending in the wellness and self-care sector is on the rise, with 62% of Americans wanting to make it a priority,” noted Glowbar CEO and Founder Rachel Liverman. “We view skin care as just as important as other health services and aim to make skin care equally efficient, valuable, and accessible to consumers at Glowbar.”
Liverman’s vision is shared by investors. Last month, the company closed on $10 million growth funding.
“Glowbar is looking to define the category of ‘wellcare,’ which we describe as the efficiency and expertise that we expect
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