Asia Pacific Spa Market Size & Outlook, 2021-2028
Asia Pacific spa market, 2016-2028 (US$M)
Related Markets
Asia Pacific spa market highlights
- The Asia Pacific spa market generated a revenue of USD 14,968.0 million in 2021.
- The market is expected to grow at a CAGR of 13% from 2022 to 2028.
- In terms of segment, day/salon spa was the largest revenue generating service type in 2021.
- Hotel/ Resort Spa is the most lucrative service type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2028.
Asia Pacific data book summary
| Market revenue in 2021 | USD 14,968.0 million |
| Market revenue in 2028 | USD 35,312.7 million |
| Growth rate | 13% (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 |
| Key market players worldwide | Banyan Tree Holdings Ltd, Mandarin Oriental International Ltd, Hyatt Hotels Corp Class A, Marriott International Inc Class A, Woodhouse Day Spa, Hand and Stone Massage and Facial Spa, AYANA HOTEL, Four Seasons Hotels and Resorts |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 28.3% of the global spa market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 35,312.7 million by 2028.
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Spa Market Scope
Spa Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 38.53% in 2021. Horizon Databook has segmented the Asia Pacific 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.
- Asia Pacific 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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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific 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 continent-level data and insights on the Asia Pacific spa market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific spa market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific spa market size, by country, 2016-2028 (US$M)
Asia Pacific Spa Market Outlook Share, 2021 & 2028 (US$M)
Related regional statistics
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