South Korea Spa Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

• A spa is a facility that promotes well-being by providing therapeutic and other professional services aimed at renewing the body, mind, and spirit. Increased investment in technological advancements to provide personalized solutions and enhance the consumer experience is one of the major factor driving the market growth. Growing awareness of self-care and demand for stress relief and relaxation aids is another factor driving the growth.
• The South Korean spa market had total revenues of $1,471.2 million in 2022, representing a compound annual growth rate negative (CAGR) of 1.9% between 2017 and 2022.
• The day/club/salon spa segment accounted for market's the largest proportion in 2022, with total revenues of $754.7 million, equivalent to 51.3% of the market's overall value.
• The South Korean spa market is driven by various macroeconomic factors, including urbanization, evolving lifestyles, rising disposable income, and population growth.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spa market in South Korea
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spa market in South Korea
• Leading company profiles reveal details of key spa market players' global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Korea spa market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the South Korea spa market by value in 2022?
• What will be the size of the South Korea spa market in 2027?
• What factors are affecting the strength of competition in the South Korea spa market?
• How has the market performed over the last five years?
• Who are the top competitors in South Korea's spa market?