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Global Spa Market

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Major consumers are females, however, growing health consciousness is increasing the consumer base of the spa resort market. Increasing number of people are increasingly being inclined towards maintaining physical and mental health, which is majorly
Global Spa Market - Size, Share, Trends, Outlook, and
Opportunity Analysis, 2018 - 2026
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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pallavi.reddy
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