Global Spa Market - Size, Share, Trends, Outlook, and Opportunity Analysis, 2018 - 2026


Posted April 19, 2019 by Pallavicoh

Major consumers are females, however, growing health consciousness is increasing the consumer base of the spa resort market.

 
Wellness is a state of complete physical, mental, and social wellbeing. Spa is considered as one of the important factors in wellness industry, as it provides healing, relaxation, and feeling of rejuvenation. According to the Global Wellness Institute, the wellness economy encompasses industries that enable consumers to incorporate wellness activities into daily lives. Wellness sector includes beauty & anti-aging, healthy eating, nutrition & weight loss, wellness tourism, fitness & mind-body, preventive & personalized medicine, and public health, complementary & alternative medicine, wellness lifestyle real estate, spa economy, thermal/mineral springs, and work place wellness.


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Spa tourism is for the purpose of ‘relaxation, healing or beautifying of the body in spas using preventative wellness and/or curative medical techniques’ and hence, there is a conceptual overlap between wellness and spa tourism. Spa is a core business within wellness tourism and accounts for a major portion of the wellness tourism economy. According to Global Wellness Economy Monitor, out of US$ 3.7 trillion global wellness economy in 2015, spa industry accounted for US$ 99 billion. Out of wellness sectors such as spa facilities, thermal/mineral springs, wellness tourism, work place wellness, and wellness life style real estate; wellness tourism is estimated to project 7.5% annual growth rate from 2015-2020.

Moreover, stress, busy life style, pollution, use of chemicals fertilizers for preservation and farming are adversely affecting health leading to several disorders such as obesity, hypertension, and anxiety. People are focused on adopting preventive measures, healthy life style and life choices such as exercise, dieting, consumption of balanced diet, use of natural and organic products, and meditation.


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Contact Email [email protected]
Issued By Mr. Shah
Phone 2067016702
Business Address Coherent Market Insights 1001 4th Ave,
#3200
Country United States
Categories Advertising , Business , Marketing
Tags beauty , fitness , lifestyle , spa , spa market insights , spa resort market insights , therapies , wellness
Last Updated April 19, 2019