Posts Tagged ‘Billion’

Global Spa Industry Now Valued at Billion; Thermal/Mineral Springs Market at Billion; Wellness Tourism Rises to 4 Billion

(PRWEB) September 18, 2014

At last week’s Global Spa & Wellness Summit (GSWS) in Marrakesh, Morocco, the organization’s independent, non-profit research partner, SRI International, released top findings from the most comprehensive data yet on the global wellness market. This included refreshed data on the spa and wellness tourism markets, and the first research to size and analyze the global thermal/mineral springs segment.

Key takeaways:

The spa industry grew 58% from 2007-2013: from billion to billion, with a 47% growth in spa locations, to reach 105,591 spas
The thermal/mineral springs industry is a billion market, spanning 26,847 properties
Wellness tourism expanded to 4 billion in revenues, rising 12.5% from 2012-2013 – significantly outpacing SRI’s original growth forecast of 9%.

“It has been six long years since our first spa industry research report, and to see nearly 60% growth across years marked by global financial collapse was as impressive as it was unexpected. Also exceeding our expectations: the growth in the wellness tourism market last year and the sheer scope of the thermal/mineral springs industry,” said Ophelia Yeung, senior consultant, Center for Science, Technology & Economic Development, SRI. “And key economic and demographic trends, we predict, will continue to fuel growth for these three segments, including the rise of the global middle class (at two billion people now, but expected to skyrocket to five billion by 2030); ongoing, phenomenal momentum for tourism, generally; millions more people each year proactively seeking a ‘wellness lifestyle’; and the story of developing markets, and so many new properties, across Asia, Middle East/Africa and Latin America.”

More findings:

Global Spa Industry: Near 0 Billion Market – With Over 100K Spas

SRI International’s calculations for core spa industry revenues put spa facility revenues at the center, but also include businesses directly, critically associated with spas, including spa investment capital and spa-focused education, consulting and media/associations/events.

Breakdown of the current billion spa industry: spa facilities billion, spa investment capital billion, spa education 0 million, spa media/education/events 0 million, and spa consulting 0 million
From 2007-2013, spa locations grew 47%: from 71,762 to 105,591

Regional Spa Industry Leaders & Growth 2007-2013

Europe: .8 billion (+62%)

Asia-Pacific: .8 billion (+65%)

North America: .3 billion (+35%)

Latin America/Caribbean: .7 billion (+86%)

Middle East/North Africa: .7 billion (+134%)

Sub-Saharan Africa: 0 million (+186%)

Europe retains its 2007 crown as the world’s largest spa market. And, notably, Asia-Pacific has since leapfrogged North America as the world’s second largest. And if Europe boasted the most spa locations in 2007 (22,607), Asia-Pacific now holds that title with 32,400+ spas today.

The spa revenue growth explosion is concentrated in emerging markets, with Sub-Saharan Africa ranking #1 (+186%) and Middle East/North Africa ranking #2 (+134%), both fast-developing regions that have added many spas from a low, 2007 base. But every region in the world except the mature North American market saw double-digit annual growth rates from 2007 to 2013. And Europe and Asia’s 60%+ growth is particularly impressive given its strong, existing base of spas in 2007.

See the presentation:

Hot Springs Eternal: Ancient Practice Now Billion Market

In places like Europe and Japan, thermal/mineral bathing has an ancient pedigree, and today “taking the waters” goes by dozens of names worldwide: from agua calientes, to balneotherapy, to therma. With a hot/mineral springs resurgence underway (so many countries modernizing old facilities and investing billions in new, springs-based resorts), SRI undertook the first research to size this “millennia-old-but-hot-again” market. While hundreds of thousands of springs occur naturally worldwide, SRI’s research only included revenue-earning springs (i.e., with built facilities).

The global hot springs market is now worth billion, with nearly 27,000 facilities across 103 nations
The research segmented the industry into thermal/mineral springs facilities that offer bathing with spa services, and those without. Those without spa services heavily dominate location-wise, at 20,343 establishments, vs. 6,504 with spa.
But while springs with spa services represent only roughly a third of global establishments, in aggregate they earn more than twice the revenue as springs without spa services: billion vs. billion annually

Hot Springs Markets: Asia & Europe Heavily Dominate

Asia-Pacific: .7 billion

Europe: .7 billion

Latin America: 0 million

North America: 0 million

Middle East/North Africa: 0 million

Sub-Saharan Africa: million

The thermal/mineral springs industry is intensely concentrated: ten countries account for 85% of revenues and Japan and China comprise a staggering 51% of the market (driven by the thousands of onsens in Japan and massive, ongoing investment in resorts in China). The rest of the “top ten” national markets are in Europe, where hydrotherapy has long been part of the medical equation.

More preliminary hot springs data:

Wellness Tourism: Near Half-Trillion-Dollar Market – Up 12.5% from Last Year

SRI’s 2013 report, “The Global Wellness Tourism Economy”, put the wellness-focused travel segment firmly on the map, finding that wellness travel is growing nearly 50% faster than the global tourism overall. For 2014, key numbers are updated:

As a 4 billion industry, wellness tourism represents more than one in seven (14.6%) of all travel dollars spent worldwide
Wellness-focused trips jumped from 524 million to 586.5 million from 2012-2013
Wellness tourists remain big spenders: international wellness travelers spend 59% more than the average border-crossing tourist, while domestic wellness tourists spend 159% more
SRI makes the crucial distinction between “primary” wellness tourists (where wellness is the motivating reason for the trip) and the “secondary” variety (people opting for wellness-related activities as part of a trip). The former remains the more niche group (13% of the market), and primary wellness tourism trips grew 11.2% – while secondary-purpose trips grew 11.9% – last year.
Domestic wellness trips (the lion’s share of the market, at 68% of spend) grew 12.1%, while international trips grew 10.1%.
North America (6.5 billion market, 8% growth 2012-2013) and Europe (8.1 billion, 12% growth) firmly remain the largest markets. But the developing story is again developing nations: Sub-Saharan African wellness tourism grew 57%; Middle East/North African 39%; Asia-Pacific 21% and Latin America 16%, between 2012-2013.

More preliminary wellness tourism data:

More Research Coming: While preliminary findings from the GSWS’s “Global Wellness Economy Monitor” were shared last week, the full report (sizing wider wellness industries like healthy eating/weight loss, preventative/personalized medicine, beauty/anti-aging, complementary/alternative medicine, fitness/mind-body and workplace wellness – as well as providing more detailed data on regional spa and wellness tourism markets – will be released September 30 at a media event in New York City.

To learn more about the research or the September 30 event – or to speak with an SRI analyst – please contact Beth McGroarty: beth.mcgroarty [at] gsws [dot] org or (+1) 213-300-0107.

About the Summit: The Global Spa & Wellness Summit (GSWS) is an international organization representing senior executives and leaders joined by a common interest in driving economic development and understanding of the spa and wellness industries. Delegates from diverse sectors, including hospitality, tourism, health and wellness, beauty, finance, medical, real estate, manufacturing and technology attend the organization’s annual Summit, held in a different host country each year and attracting delegates from over 45 nations. After just eight years, the GSWS is now considered the leading global research and educational resource for the .4 trillion, multi-sector wellness industry. It’s known for introducing major industry initiatives such as the Global Wellness Tourism Congress, whose forums bring public and private stakeholders together to chart the course of the fast-growing wellness travel sector, and WellnessEvidence.com, the world’s first online portal to the medical evidence for common wellness approaches. For more information, visit http://www.gsws.org

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Aqua Feed Market Worth 6 Billion By 2018 – A Report by MarketsandMarkets

MarketsandMarkets

(PRWEB) June 10, 2014

The report “Aqua feed Market By End Consumption (Fish, Crustaceans, Mollusks, Others), By Additives, (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers , Others), By Geography: Global Trends & Forecasts To 2018” defines and segments the global Aquafeeds market with analysis of current demand and forecasted consumption in terms of volume and revenue. It also identifies the driving and restraining factors for the global aquafeeds market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented by end consumption of aquafeeds and additives. The market revenue is forecasted on the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). On the basis of significant contribution to overall demand, key countries have been covered and forecasted for each region.

Browse 119 market data tables with 24 figures spread through 232 pages and in-depth TOC on “Aqua feed Market Global Trends & Forecasts To 2018″

http://www.marketsandmarkets.com/Market-Reports/aquafeeds-market-1151.html.

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Aqua feeds is aquaculture demand driven industry. A rapid increase in aquaculture has emphasized feed production for cultured species. Aquaculture uses either commercial or farm made feeds. Commercially made feeds contain a combination of various raw materials providing almost all the necessary nutrients to the fish. These feeds are processed in order to enhance the appearance and to increase the solubility and longevity of the feeds.

The Aqua feeds market is driven by the associated advantages such as increase yield, safe environment and better quality of fish. Other positive factors driving the demand of the industry include growth in Aquaculture industry, increased consumption of sea food, flexibility to use raw materials depending on availability and increasing income of middle class population in developing nations. However, the rising cost of essential raw materials like fish meal and fish oil is the major obstacle in growth of the market. One of the key restraining factors for Aqaufeeds market is the high product cost associated with these. Growth is particularly high in countries such as China, Vietnam, and Ecuador because of increasing awareness levels on increasing yield and high efficiency of aquafeeds which result in high-quality produce.

The global market for Aqua feeds was estimated to be worth around ,685 million in 2012 and is expected to reach 6,695.7 million by 2018, growing at the CAGR of 12.1% from 2013 to 2018. Leading manufacturers are focusing on expansion of the respective businesses across regions and setting up new manufacturing plants to ramp up production capacities and broaden overall product line. Major industry participants are involved in new product launches and collaborations to penetrate in untapped markets of Asia and Latin America.

Purchase Report @ http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=1151

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Feed Water-Soluble Vitamins & Minerals Market by Type [Water-Soluble Vitamins (Vitamin B and Vitamin C), Water-Soluble Minerals (Iron Sources, Zinc Sources, Copper Sources, Manganese Sources, Others)], by Livestock & Geography – Trends & Forecast up to 2019

http://www.marketsandmarkets.com/Market-Reports/feed-water-soluble-vitamins-minerals-market-115863639.html

Feed Fats & Proteins Market by Source (Animals, Plants & Others), by Livestock (Ruminant, Poultry, Aqua, Swine & Equine) & by Geography (North America, Europe, Asia-Pacific & ROW) – Global Trends & Forecasts to 2019    

http://www.marketsandmarkets.com/Market-Reports/feed-fats-proteins-market-72466935.html

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©Copyright 1997-, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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