Global Spa Market Size & Outlook, 2021-2028
Global spa market, 2016-2028 (US$M)
Related Markets
Global spa market highlights
- The global spa market generated a revenue of USD 52,860.9 million in 2021 and is expected to reach USD 117,918.1 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 12.1% by 2028.
- In terms of segment, day/salon spa accounted for a revenue of USD 20,370.2 million in 2021.
- Hotel/ Resort Spa is the most lucrative service type segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2021.
- Country-wise, Canada is expected to register the highest CAGR from 2022 to 2028.
Global data book summary
| Market revenue in 2021 | USD 52,860.9 million |
| Market revenue in 2028 | USD 117,918.1 million |
| Growth rate | 12.1% (CAGR from 2021 to 2028) |
| Largest segment | Day/salon spa |
| Fastest growing segment | Hotel/ Resort Spa |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hotel/ Resort Spa, Day/Salon Spa, Destination Spas, Medical Spa, Mineral Spring Spa |
Other key industry trends
- In terms of revenue, the North America accounted for 23.2% of the global spa market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
- By country, Canada is the fastest growing regional market and is projected to reach USD 2,595.1 million by 2028.
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Spa Market Scope
Spa Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global spa market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to spa market will help companies and investors design strategic landscapes.
Day/salon spa was the largest segment with a revenue share of 38.54% in 2021. Horizon Databook has segmented the Global spa market based on hotel/ resort spa, day/salon spa, destination spas, medical spa, mineral spring spa covering the revenue growth of each sub-segment from 2016 to 2028.
- Global Spa Service Type Outlook (Revenue, USD Million, 2016-2028)
- Hotel/ Resort Spa
- Day/Salon Spa
- Destination Spas
- Medical Spa
- Mineral Spring Spa
- Others
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Target buyers of Global spa market databook
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Our clientele includes a mix of spa market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global spa market , including forecasts for subscribers. This global databook contains high-level insights into Global spa market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Global spa market size, by regions, 2016-2028 (US$M)
Top 10 countries: Spa market size, 2021 (US$M)
Global spa market share, by service type, 2021 & 2028 (%, US$M)
Spa market: Opportunity assessment by country
Global spa market, by region, 2021 (US$M)
| Service Type | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 17,223.6 | 18,836.9 | 20,542.2 | 22,410.6 | 10,998.4 | 12,260.1 | 13,697.0 | 15,337.3 | 17,214.5 | 19,368.2 | 21,845.4 | 24,702.2 | 28,059.9 | 12.6% |
| Europe | 26,249.1 | 28,683.6 | 31,531.8 | 34,676.7 | 15,732.8 | 17,446.0 | 19,381.6 | 21,572.8 | 24,058.5 | 26,884.4 | 30,104.3 | 33,781.8 | 37,991.9 | 11.8% |
| Asia Pacific | 27,604.3 | 30,169.2 | 33,144.8 | 36,428.6 | 13,326.3 | 14,968.0 | 16,838.1 | 18,971.8 | 21,410.3 | 24,201.7 | 27,402.9 | 31,080.3 | 35,312.7 | 13.1% |
| Latin America | 7,843.5 | 8,587.3 | 9,396.4 | 10,285.9 | 4,249.8 | 4,654.3 | 5,106.0 | 5,611.0 | 6,176.5 | 6,810.6 | 7,522.8 | 8,324.0 | 9,226.8 | 10.3% |
| MEA | 5,670.6 | 6,223.0 | 6,772.3 | 7,372.7 | 3,234.4 | 3,532.4 | 3,872.3 | 4,261.2 | 4,708.1 | 5,223.5 | 5,820.5 | 6,515.1 | 7,326.7 | 11.0% |
| Overall | 84,591.1 | 92,500.0 | 101,387.5 | 111,174.5 | 47,541.6 | 52,860.9 | 58,895.0 | 65,754.1 | 73,567.7 | 82,488.4 | 92,695.9 | 104,403.4 | 117,918.1 | 12.1% |
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