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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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:
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| Breakup by Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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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