Spa Market

Spa Market Analysis by Hotel/Resort Spas, Medical Spas, Destination Spas & Health Resorts, Thermal/Mineral Spring Spas, and Other Spas from 2023 to 2033

Analysis of Spa Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Spa Market Outlook (2023 to 2033)

The global spa market is valued at US$ 133.96 billion in 2023. Worldwide demand for spa treatment options is predicted to increase rapidly at a CAGR of 12% and reach a market valuation of US$ 416.05 billion by the end of 2033.

Increasing traction for personal healthcare solutions is estimated to bolster demand for spa therapies around the world. In recent years, there has been a noteworthy increase in the disposable income of people around the world, which has led to the increased spending capacity of individuals on various types of lifestyle products, including personal care products, etc.

Hectic and sedentary lifestyles of numerous people have increased their inclination to different spa treatments. Moreover, the growing outbound and inbound tourism for wellness purposes, awareness about spa treatments, and increasing demand for spa treatments from emerging markets are anticipated to have a significant impact on market growth opportunities.

  • The Japanese market is forecasted to advance at a CAGR of 12.7% and reach a valuation of US$ 22.05 billion by the end of 2033.
  • Revenue from hotel/resort spas is set to increase at a CAGR of 12.1% and reach US$ 100.27 billion by the end of 2033.

Rapid urbanization and the hectic schedule of working professionals have increased the preference for therapeutic spas to relieve stress and anxiety. Therefore, spas with customized super-premium capabilities, services, and treatments are becoming popular.

Growth of the market is predicted to remain strong due to the presence of international hotel chains. Different factors, including the rising female population along with bolstering demand for anti-aging spa treatments, are also expected to attract potential clients to the market.

For instance :

  • Hilton Worldwide has 124 spas under construction and similarly, Starwood Hotels also has 65 under-construction spas.

Introduction of sauna facilities and massage centers along with the emergence of effective management systems based on software is becoming popular. These newly introduced systems enable consumers to schedule their appointments and provide hassle-free transaction alternatives.

Report Attributes Details

Spa Market Size (2023)

US$ 133.96 Billion

Forecasted Market Value (2033)

US$ 416.05 Billion

Global Market Growth Rate (2023 to 2033)

12% CAGR

Asia Pacific Market Value (2033)

US$ 133.55 Billion

China Market Growth Rate (2023 to 2033)

12.9% CAGR

United States Market Value (2033)

US$ 94.44 Billion

South Korea Market Growth Rate (2023 to 2033)

12.4% CAGR

Key Companies Profiled

  • Zivaya SPA
  • Savor SPA
  • L’Oreal Professional
  • Lotus Spa Centre Ltd.
  • Amanda Spa
  • Natural Beauty Spa
  • MATRIX
  • Amore Fitness Pte Ltd.
  • Nirvana Spa
  • Forte Village Resort
  • Grand Resort Bad Ragaz
  • L’Occitane En Provence
  • COMO Shambhala Estate
  • Canyon Ranch
  • Four Seasons Resort Bora Bora

Don't Need a Global Report?

save 40%! on Country & Region specific reports

Why are Spa Treatment Options Gaining Popularity?

“Hectic Lifestyles Driving Demand for Spa Therapies”

Changing lifestyles are predicted to stimulate various consumers to invest in spa treatments for wellness. Moreover, the hectic schedule of various people is leading to mental exhaustion. In addition, some people are also having sleeping and eating disorders around the world due to hectic lifestyles.

Unhealthy lifestyles of people are leading to increased demand for stress management and solutions for detoxification. Increasing requirements to maintain a mentally and physically healthy lifestyle is also predicted to propel the demand for spa therapies.

“Pain Management – Important Treatment Option”

Stress and mental exhaustion owing to hectic lifestyles have resulted in increased expenditure on rejuvenating and relaxing therapies, including aromatherapy and spa. Many people prefer to spend on spa therapies and luxurious services, bolstering demand for relaxing, rejuvenating, and detoxification therapies. These factors are expected to stimulate the demand for various types of spa treatments.

In recent years, there has been a significant increase in the demand for pain management due to hectic routines that leads to physical stress. Prominent companies in the target market are capitalizing on these opportunities and offering numerous types of spa treatment solutions to contribute to market growth.

“Growing Demand for Anti-ageing Treatment Procedures”

Rising requirements for anti-aging treatments for acne, hyperpigmentation, wrinkles, and clogged pores are predicted to impact market growth opportunities. Many people are also spending on numerous non-surgical treatment options such as peel and exfoliation for their mental and physical well-being.

“Rising Cases of Chronic Diseases Generating Opportunities for Industry Players”

The prevalence of various chronic diseases such as asthma is estimated to fuel demand for various types of spa treatment options. Asthma patients can have swollen airways, which generally leads to breathing issues. Wheezing, coughing, and shortness of breath are some popular issues, which asthma patients feel regularly.

Expenditure on saunas and steam rooms helps to eliminate toxins through open airways and skin of asthmatic patients. The rising investment in steam baths to treat upper respiratory problems, bronchitis, and coughing through losing mucus and phlegm and ensuring relaxation are estimated to boost the market growth.

How is Demand Growth for Spa Therapies Adversely Impacted to Some Extent?

“Health Risks Associated with Spa Procedures”

The spread of diseases along with health risks related to spa treatments is predicted to create challenges against market growth. Facial treatments and oil massages provide relief from stress and pain and revitalize body muscles. However, improper care and supervision are predicted to pose some risks, which are further projected to adversely impact market expansion opportunities.

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

What Initiatives are Start-ups Taking for Market Growth?

“Ensuring High-quality and Unique Services”

New players trying to enter the target market need to concentrate on providing high-quality and unique services to their respective customers, ensuring their health and safety. Moreover, they must prioritize prevention efforts along with raising awareness related to health risks and diseases that are associated with some spa treatments.

Spa Market Size, Share, Trends, Growth, Demand and Sales Forecast Report by Fact.MR

Country-wise Insights

What are the Opportunities Available for Providers of Spa Therapies in the United States?

“Increasing Traction for Spa Therapies among Women”

Demand for spa treatments is expected to progress at a CAGR of 12% over the forecast period and reach a value of US$ 94.44 billion by the end of 2033 in the United States.

Increasing disposable incomes of various people are predicted to increase their spending capacity, which is also estimated to positively impact market growth. The increased inclination of women toward spa therapies is also driving lucrative opportunities for industry players in the United States.

How is the Spa Market Anticipated to Perform in the United Kingdom?

“Opening of New Spas Bolstering Growth Opportunities”

The market for spa therapies is predicted to progress at a CAGR of 12.3% from 2023 to 2033 and reach a valuation of US$ 59.49 billion by 2033 in the United Kingdom. The trend to open new spas in the United Kingdom owing to the inclination of several people toward these therapies is contributing to market growth.

What is Propelling Demand for Spa Therapies in Japan?

“Rising Popularity of Nature-based Spa Therapies”

Demand for spa treatment is anticipated to advance at a CAGR of 12.7% over the forecast period and reach a market value of US$ 22.05 billion by the end of 2033 in Japan. A blend of conventional relaxation techniques with modern facilities is attracting consumers to spa therapies. Japanese spas revolve around hot springs and healing baths while concentrating on nature-based spa therapies.

How is South Korea Performing in the Spa Industry?

“Increased Inclination for Spa Therapies”

Demand for spa therapies is forecasted to progress at a CAGR of 12.4% through 2033 and reach a valuation of US$ 53.25 billion by the end of the forecast period in South Korea. Families from South Korea are spending a significant time relaxing on weekends.

Spa and aromatherapy are very popular in the country. The majority of people tend to visit spas as a significant part of social outings. Moreover, tourists are also inclined toward spa therapies in South Korea, which is predicted to drive lucrative growth opportunities in the spa market.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Category-wise Insights

Which Factors are Contributing to Rising Popularity of Hotel/Resort Spas?

“Increased Preference for Relaxing Therapies on Trips”

Several people give preference to relaxing therapies while on a trip. Tourism is predicted to propel the demand for spa therapies in resorts/hotels globally. The demand for hotel/resort spas is forecasted to advance at a CAGR of 12.1% over the projected period and reach a market value of US$ 100.27 billion by the end of 2033. The segment is predicted to account for a share of more than 40% of the global market revenue by the end of the forecast period.

Why is Asia Pacific Emerging as a Significant Region for Spa Services Globally?

“Thriving Travel and Tourism Industry Leading to Availability of Attractive Packages”

The Asia Pacific market held a 30% share of the global market revenue in 2022. Demand for spa services is expected to expand at a CAGR of 12.3% from 2023 to 2033 and reach a market value of US$ 133.55 billion by the end of 2033 in Asia Pacific. Increasing disposable incomes of numerous people result in their increased spending capacities, which is estimated to boost the demand for spa therapies.

Countries, including China and India, are operating at the forefront of the regional market. The rising population of working people with hectic schedules is stimulating people to adopt spa treatments. Moreover, the travel and tourism industry is also expanding rapidly in Asia, which leads to the availability of attractive spa packages for customers. Conventional ayurvedic treatments are also expected to create lucrative opportunities for market players.

Key Market Players

Key providers of spa therapies are emphasizing the introduction of numerous spa packages, which are oriented toward various consumer segments. Industry players are spending to gain lucrative opportunities in the luxury and premium sectors. The growing digitalization of services is also predicted to intensify the competition among market players.

For instance :

  • Zenoti Foundation is a provider of beauty, wellness, and spa services. In March 2021, it entered into a partnership with Sutherland Global to improve customer experiences while providing support via phone-based chat and addressing customer queries.

Key companies in the spa market are Zivaya SPA, Savor SPA, L’Oreal Professional, Lotus Spa Centre Ltd., Amanda Spa, Natural Beauty Spa, MATRIX, Amore Fitness Pvt Ltd., Nirvana Spa, Forte Village Resort, Grand Resort Bad Ragaz, L’Occitane En Provence, COMO Shambhala Estate, Canyon Ranch, and Four Seasons Resort Bora Bora.

Fact.MR, a market research and competitive intelligence provider, offers a detailed analysis of the spa market. Key companies are studied in detail to provide a thorough analysis of product quality and supply chain management. These players are also developing innovative procedures and therapies.

Segmentation of Spa Industry Research

  • By Type :

    • Hotel/Resort Spas
    • Medical Spas
    • Destination Spa & Health Resorts
    • Thermal/Mineral Spring Spas
    • Other Spas
  • By Market Type :

    • New Spas
    • Renovation or Replacement Spas
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

- FAQs -

What is the present size of the spa market?

The global spa market is valued at US$ 133.96 billion in 2023.

What is the forecasted growth rate for the market through 2033?

The global market is predicted to expand at a CAGR of 12% from 2023 to 2033.

What is the predicted valuation of the Asia Pacific market for 2033?

The Asia Pacific spa market is projected to reach US$ 133.55 billion by the end of 2033.

What is the estimated value of the United States market for 2033?

The United States market is predicted to reach a valuation of US$ 94.44 billion by 2033.

Which segment is set to expand at a noteworthy rate?

Revenue from hotel/resort spas is projected to rise at 12.1% CAGR through 2033.

What is the projected valuation of the South Korean market for 2033?

Demand for spa therapies is predicted to expand at a high CAGR of 12.4% through 2033 in South Korea.

What is the projected global market size for spa therapies for 2033?

The global spa market is anticipated to reach US$ 416.05 billion by the end of 2033.

Spa Market

Schedule a Call