Saudi Arabia Wellness Market Outlook to 2020 - Changing Demographics and Prevalence

Saudi Arabia General HealthCare - The report covers various aspects such as market size of wellness market, market segmentation by wellness products & Services, fitness centers market size

Saudi Arabia Wellness Market Outlook to 2020 - Changing Demographics and Prevalence in Lifestyle Diseases will drive the Market” provides a comprehensive analysis of Wellness market in Saudi Arabia. The report covers various aspects such as market size of wellness market, market segmentation by wellness products & Services, fitness centers market size, spa/salon centers market size, personal care products market size, skin care market size, nutraceutical products market size, segmentation by product categories, customer profile, competitive landscape & market share of major players.

The future analysis of wellness market and by segments has also been discussed in each of the sub segment.The report is useful for Fitness centers, Spa/salon centers, Personal care products exporter, retailer, Manufacturer and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

Wellness Market

Owing to increasing awareness of health and beauty in the country, Wellness market had increased at a CAGR of ~% during 2010-2015. Wellness market had increased from USD ~billion in 2010 to USD ~billion in 2015. The major reason accounted for the growth in the market is increase in the demand of personal care products and the services offered by the Fitness centers and Spa & salons. The wellness industry in Saudi Arabia can be segmented into wellness services market and wellness product market. Wellness product market is the major contributor in the revenues of the wellness industry. It has contributed to ~% in 2015 while the wellness services market had contributed to ~% in 2015. It has been forecasted that the wellness market will increase at a CAGR of ~% during 2016-2020 to reach at USD ~billion in 2020. The major growth driver in future will be the increase in life style diseases due to the changes in life style, entry of international brands and increase in knowledge and awareness about personal health and Hygiene.

Fitness and Spa/Salon Services Market

Wellness service market in the country has witnessed a tremendous growth in the past few years due to the increase in the obesity rate, heart problems, skin problems and increase in the consciousness about the looks. The demographic profile of Saudi Arabia has changed over the years, with the increase in number of youth population in the country. The youth population is the main target of the wellness industry in the country. Wellness service market had increased at a CAGR of ~% during 2010-2015. The market had increased from USD ~ million in 2010 to USD ~ million in 2015. The services provided by the fitness centers have contributed majorly due to the high average membership cost/ ticket size as compared to the Spa/salons. The Fitness services had contributed to ~% in 2015 and Spa/salon services had contributed to ~% in 2015.

The fitness services market had increased from USD ~ million in 2010 to USD ~ million in 2015. The market had increased at a CAGR of ~% during 2010-2015. In terms of number of Fitness centers, the market had increased at a CAGR of ~% during the same period. In 2010, there were ~ fitness centers in the country which had increased to ~ in 2015. Body master is the leading player in the market in terms of revenue followed by fitness first and gold gym in organized fitness services market. It has been forecasted that in future the fitness services market will increase at a CAGR of ~% during 2016-2020 in terms of revenue.

The Spa services market had increased at a CAGR of over 10% during 2010-2015. The market had increased from USD ~ million in 2010 to USD ~ million in 2015. The number of Spa and saloon centers has increased from ~ in 2010 to over 7,000 in 2015. Riyadh Marriott hotel and spa are the leading players followed by Hyatt spa & Salon, Four season spa in the organized spa and salon market.

Personal Care and Nutraceutical Products

The wellness product market of the country includes personal care products and nutraceutical products. The revenues from the wellness product had increased from USD ~ million in 2010 to USD ~ million in 2015. The market had increased at a CAGR of ~% during 2010-2015. Rise in the awareness about the personal hygiene, marketing and promotion done by the personal care product and nutraceutical product companies are the key catalyst for the growth. Personal care products had contributed to ~% in the overall wellness product market in terms of revenues. The nutraceutical products have contributed to ~% in the market. It has been forecasted that the wellness products market will increase at a CAGR of ~% during 2016-2020 to reach at USD ~ million in 2020.

The personal care market had increased at a CAGR of ~% during 2010 to 2015. The market had increased from USD ~ million in 2010 to USD ~ million in 2015. The personal care product includes skin care, hair care and fragrance and color cosmetics. The demand of personal care products had been increasing over the years. Personal products such as skin care and hair care the basic necessity products which are used by everyone. Fragrance market had contributed ~% share in the revenues followed by hair care (~%), skin care (~%) and color cosmetics (~%) respectively. It has also been forecasted that the personal care market will increase at a CAGR of ~% during 2016-2020 to reach at USD ~million.

The nutraceutical product market had increased at a CAGR of ~% during 2010 to 2015. The nutraceutical market includes nutrition and dietary supplements and functional food & beverages. The demand of nutraceutical products had increased over the years due to the increase in the obesity rate heart diseases and vitamins and protein deficiency amount the population of the country. General Nutrition Company, Whitehall Laboratories, Biovea, Himalaya, Nestle Saudi Arabia, Amway and Danone are the major players operating in this category. It has also been forecasted that the nutraceutical products market will increase at a CAGR of ~% during 2016-2020 to reach at USD ~million.

Key Topics Covered in the Report:

·         The market size of the Saudi Arabia Wellness market.

·         The market size of Wellness Services market.

·         The market size of Wellness Products market.

·         Market segmentation of the Wellness services Market By Fitness Services & Spa/Salon services

·         Market Size of Fitness Services Market

·         Market segmentation of the Fitness service market on the basis of utility, demand from major cities, Distribution channel, organized & Unorganized sector

·         Market Size of Spa/Salon Services Market

·         Market segmentation of the Spa/Salon service market on the basis of utility, demand from major cities, Distribution channel, organized & Unorganized sector

·         Market segmentation of the Wellness Product Market by Personal Care product & Nutraceutical Products

·          Market Size of personal Care products Market

·          Market Segmentation of personal Care products Market on the basis of product category, utility, demand from major cities, Distribution channel

·         Market size & Segmentation of Skin care Products

·         Market size & Segmentation of Hair care Products

·         Market Size of Nutraceutical Products Market

·          Market Segmentation of Nutraceutical products Market on the basis of product category, utility, demand from major cities, Distribution channel

·         Market size & Segmentation of Dietary & Nutrition Supplements care Products

·         Market size & Segmentation of Functional Food & Beverages Products

·         Competitive landscape of leading players in Saudi Arabia Wellness Market.

·         SWOT analysis of Saudi Arabia Wellness market

·         Trends and Development in Saudi Arabia Wellness market

·         Issues and challenges for Saudi Arabia Wellness market

·         Government Regulations in Saudi Arabia Wellness market

·         Competitive landscape detailed company profiles and market share of the major retailers, manufacturers of Saudi Arabia Wellness market

Source :  https://www.kenresearch.com/healthcare/general-healthcare/saudi-arabia-wellness-market-report/31980-91.html

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