India Spa Market Size & Outlook, 2021-2028
India spa market, 2016-2028 (US$M)
Related Markets
India spa market highlights
- The India spa market generated a revenue of USD 1,314.1 million in 2021 and is expected to reach USD 3,357.4 million by 2028.
- The India market is expected to grow at a CAGR of 14.3% from 2022 to 2028.
- In terms of segment, hotel/ resort 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.
Spa market data book summary
| Market revenue in 2021 | USD 1,314.1 million |
| Market revenue in 2028 | USD 3,357.4 million |
| Growth rate | 14.3% (CAGR from 2021 to 2028) |
| Largest segment | Hotel/ resort spa |
| Fastest growing segment | Hotel/ Resort Spa |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 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, India accounted for 2.5% of the global spa market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China spa market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,357.4 million by 2028.
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Spa Market Scope
Spa Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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.
Hotel/ resort spa was the largest segment with a revenue share of 39.11% in 2021. Horizon Databook has segmented the India 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.
- India 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 India 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 country-level data and insights on the India spa market , including forecasts for subscribers. This country databook contains high-level insights into India spa market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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India spa market size, by service type, 2016-2028 (US$M)
India Spa Market Outlook Share, 2021 & 2028 (US$M)
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