PUBLISHER: IMARC | PRODUCT CODE: 1378732
PUBLISHER: IMARC | PRODUCT CODE: 1378732
Spa Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
The global spa market size reached US$ 50.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 97.0 Billion by 2028, exhibiting a growth rate (CAGR) of 11.6% during 2022-2028.
Spa refers to a commercial establishment that provides health management and body relaxation services. The services offered include a wide range of therapeutic treatments, such as massages, body scrubs, steam baths, facials, sauna baths, manicures and pedicures. They are most commonly provided by day spas, hotel and resorts spas, destination spas, medical spas and mineral or thermal spas. These establishments also offer customizable treatments that have anti-aging and de-stressing effects and are also beneficial for managing stress, medical ailments, detoxifying the body, weight management and boosting the immune system.
Significant growth in the wellness tourism industry is one of the key factors creating a positive outlook for the market. Furthermore, increasing health consciousness among the masses is also driving to the market growth. Due to rapid urbanization, sedentary lifestyles and hectic schedules of working professionals, there is a growing preference for therapeutic spas to reduce anxiety and stress. In line with this, spas offering personalized premium and super-premium experiences through various wellness programs and treatments are also gaining immense traction as they are expanding their customer base to individuals that prefer to relax in a comfortable ambiance. Additionally, the availability of natural and organic procedures and floatation therapies and the increasing utilization of innovative marketing strategies on social media to strengthen brand positioning are acting as other growth-inducing factors. Contemporary spas that provide facial and detoxifying treatments by using organic ingredients, peels and water-based elements that promote natural healing of the skin, along-with the rising expenditure capacities of the consumers, have also augmented the industry growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global spa market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and end user.
Breakup by Type:
Salon Spa
Hotel and Resort Spa
Medical Spa
Destination Spa
Thermal Spring Spa
Others
Breakup by End User:
Male
Female
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Canyon Ranch Inc., Emirates Palace, Four Seasons Hotels Limited, Grand Resort Bad Ragaz AG, Harrison Hot Springs Resort & Spa Corp., Lanserhof GmbH, Marriott International Inc., Massage Envy Franchising LLC, Planet Beach Franchising Corporation, Rancho La Puerta Inc. and Six Senses Hotels Resorts Spas (InterContinental Hotels Group).
Key Questions Answered in This Report:
- How has the global spa market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global spa market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global spa market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Spa Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Salon Spa
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Hotel and Resort Spa
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Medical Spa
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Destination Spa
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Thermal Spring Spa
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by End User
- 7.1 Male
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Female
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Canyon Ranch Inc.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Emirates Palace
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Four Seasons Hotels Limited
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 SWOT Analysis
- 13.3.4 Grand Resort Bad Ragaz AG
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Harrison Hot Springs Resort & Spa Corp.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Lanserhof GmbH
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.7 Marriott International Inc.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Massage Envy Franchising LLC
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Planet Beach Franchising Corporation
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 Rancho La Puerta Inc.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Six Senses Hotels Resorts Spas (InterContinental Hotels Group)
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.1 Canyon Ranch Inc.
List of Figures
- Figure 1: Global: Spa Market: Major Drivers and Challenges
- Figure 2: Global: Spa Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Spa Market: Breakup by Type (in %), 2022
- Figure 4: Global: Spa Market: Breakup by End User (in %), 2022
- Figure 5: Global: Spa Market: Breakup by Region (in %), 2022
- Figure 6: Global: Spa Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 7: Global: Spa (Salon) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Spa (Salon) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Spa (Hotel and Resort) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Spa (Hotel and Resort) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Spa (Medical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Spa (Medical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Spa (Destination) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Spa (Destination) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Spa (Thermal Spring) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Spa (Thermal Spring) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Spa (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Spa (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Spa (Male) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Spa (Male) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Spa (Female) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Spa (Female) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: North America: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: North America: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: United States: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: United States: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Canada: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Canada: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Asia Pacific: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Asia Pacific: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: China: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: China: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Japan: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Japan: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: India: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: India: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: South Korea: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: South Korea: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Australia: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Australia: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Indonesia: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Indonesia: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Others: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Others: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Europe: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Europe: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Germany: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Germany: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: France: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: France: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: United Kingdom: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: United Kingdom: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Italy: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Italy: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Spain: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Spain: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Russia: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Russia: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Others: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Others: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Latin America: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Latin America: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Brazil: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Brazil: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Mexico: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Mexico: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Others: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Others: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Middle East and Africa: Spa Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Middle East and Africa: Spa Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Global: Spa Industry: SWOT Analysis
- Figure 72: Global: Spa Industry: Value Chain Analysis
- Figure 73: Global: Spa Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Spa Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Spa Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Spa Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 4: Global: Spa Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Spa Market Structure
- Table 6: Global: Spa Market: Key Players
