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Mexico Spa Market Size, Share, Trends, Growth, Report: By Type: Salon Spa, Hotel and Resort Spa, Medical Spa, Destination Spa, Thermal Spring Spa, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Mexico Spa Market Outlook
The Mexico spa market size reached USD 2.64 billion in 2023. The market is projected to grow at a CAGR of 7.5% between 2024 and 2032, reaching almost USD 5.00 billion by 2032.
Key Takeaways:
- Hotel and Resort Spa is expected to constitute a major portion of the Mexico spa market share.
- Increasing consumer focus on holistic wellbeing is expected to drive the market growth.
- Increasing demand for cosmetological treatments are also expected to influence market growth favourably.
Increased consumer demand for pampering and preventative healthcare is aiding the Mexico spa market growth. Spas include a range of therapies that heal the body and mind and prevent depression and physiological disorders from occurring.
Major companies operating in the Mexican hospitality sector use AI devices like fitness scanners to create a personalised roadmap of consumer health and provide a mix of therapies from their experts (including osteopaths, fitness coaches, naturopaths, and yoga masters). They help in cultivating an emotional balance, developing vitality, establishing mindfulness, and lowering stress levels.
The rising desire for plump and youthful-looking skin has prompted many people to seek cosmetic procedures. Though non-invasive, these treatments yield the best results when they are carried out by trained professionals who ensure the safe execution of the procedure. Spas are among the most well-suited places for receiving such treatments because they provide the correct information and delivery of work. This is expected to contribute towards the Mexico spa market expansion.
Sleep-related therapies that tackle insomnia and other disorders are gaining huge popularity among people, which is expected to propel the market growth. The deterioration of mental well-being among people, especially youngsters, is expected to drive them towards seeking therapy treatments from experts, thereby leading to Mexico spa market development.
Market Segmentation
Mexico Spa Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Salon Spa
- Hotel and Resort Spa
- Medical Spa
- Destination Spa
- Thermal Spring Spa
- Others
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
The key Mexico spa market players are Velas Resorts, Hyatt Hotels Corporation, Marriott International, Inc., Four Seasons Hotels Limited, Hilton Worldwide Holdings Inc., Golf & Spa, Lake Vilas Charm Hotel, Rosewood Mayakoba, and Grand Velas Riviera Maya, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Mexico Spa Market Overview
8.1 Key Industry Highlights
8.2 Mexico Spa Historical Market (2018-2023)
8.3 Mexico Spa Market Forecast (2024-2032)
9 Mexico Spa Market by Type
9.1 Salon Spa
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Hotel and Resort Spa
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Medical Spa
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Destination Spa
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Thermal Spring Spa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Others
10 Mexico Spa Market by Region
10.1 Baja California
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Northern Mexico
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 The Bajío
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Central Mexico
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Pacific Coast
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Yucatan Peninsula
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Powers
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Velas Resorts
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Hyatt Hotels Corporation
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Marriott International, Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Four Seasons Hotels Limited
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Hilton Worldwide Holdings Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Golf & Spa
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Lake Vilas Charm Hotel
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Rosewood Mayakoba
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Grand Velas Riviera Maya
12.2.9.1 Company Overview
12.2.9.2 Product Portfolio
12.2.9.3 Demographic Reach and Achievements
12.2.9.4 Certifications
12.2.10 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Mexico Spa Market: Key Industry Highlights, 2018 and 2032
2. Mexico Spa Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Mexico Spa Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Mexico Spa Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Mexico Spa Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. Mexico Spa Market Structure
Key Questions Answered in the Report
The market was valued at nearly USD 2.64 billion in 2023.
The market is projected to grow at a CAGR of 7.5% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 5.00 billion in 2032.
The different types of spas in the market are salon spa, hotel and resort spa, medical spa, destination spa, and thermal spring spa, among others.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Velas Resorts, Hyatt Hotels Corporation, Marriott International, Inc., Four Seasons Hotels Limited, Hilton Worldwide Holdings Inc., Golf & Spa, Lake Vilas Charm Hotel, Rosewood Mayakoba, and Grand Velas Riviera Maya, among others.
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