Ken Research announced its latest
publication on “Saudi Arabia Wellness Market Outlook to 2020-Changing
Demographics and increase in Lifestyle Diseases” which provides a
comprehensive analysis of Wellness market in Saudi Arabia. The report
focuses on the wellness services market and wellness products market.
The report covers market size and segmentation of overall wellness
industry by wellness products and wellness services market. the reports
also covers the market size of wellness services and its market
segmentation by Fitness services and Spa/Salon services in Saudi Arabia.
The report put forth in depth analysis of wellness products market and
its segmentation by personal care products and Nutraceutical products.
The report covers the market share and detailed company profile for all
segments I.e. Fitness services, Spa/Salon services, personal care
products and Nutraceutical products. The potential and future outlook
for wellness industry has also been discussed in the publication.
Snapshot for wellness tourism has been separately discussed in the
report. The report provides detailed analysis of major players, their
strategies, SWOT Analysis, Trends & Developments and major issues
and challenges with the Wellness market in Saudi Arabia. The report also
serves as a benchmark for every new player which is seeking to enter
into wellness services market and wellness products market and what
should be the focus and USP for that new player.
The wellness
Industry in Saudi Arabia is growing rapidly over past few years.
Wellness is based on general taking care of one’s health and wellbeing.
Increased awareness of general wellbeing among the population and the
aggressive marketing and promotion done by the companies offering
products and services in KSA had contributed in the growth of the
wellness market in the country. Saudi Arabia wellness market offers
services and products from premium and niche beauty products to organic
products and wellness brands that help people look good and stay
healthy. Consumer spending had increased on beauty and personal care
products in recent years. 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 of in the revenues of the wellness industry
followed byWellness 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 demographics of Saudi is changing, the youth population in the country is changing which is the main target of the wellness services centers.The wellness Product market had witnessed a robust growth in the past few years in the country. The major reason accounted for the increase in the wellness Product market is the increase in the awareness about the personal hygiene, marketing and promotion done by the personal care product and nutraceutical product companies. The personal product is the major contributor in the revenues of the overall wellness product market.
According to the research report, the Wellness market will grow at a considerable CAGR rate thus reaching USD 13.2 billion by 2020, in which wellness services will contribute USD 1.6 billion and Wellness products will contribute to USD 11.6 billion revenues.
“Increase in female and youth population in the country, expansion of wellness tourism industry and increase in the lifestyle diseases in the country are anticipated to give the boost to the wellness industry in the country. Also, rise in personal disposable income, booming hospitality sector, increase in awareness about the personal hygiene in the country will trigger the demand of wellness services and products in upcoming years. Strict rules and regulations for the females in the country is the major challenge which will affect the growth of this industry in the future”.
The companies in coming years should invest in research and development of the company, and they should also look to upgrade their production process. The wellness service centers should also expand their business by opening new branches in the country. The wellness product companies should expand their production line to meet the changing needs of the customer and also increase their distribution channel” according to the Research Analyst Ken research.
Key Topics Covered in the Report:
Saudi Arabia Wellness Market Size Market Segmentation by Wellness services Market and Wellness Product Market
Wellness services Market Size Market Segmentation by Fitness Services & Spa/Salon services
Fitness services Market Size Market Size by revenue Market size by number of Fitness Centers Market Size by number of Personal Trainers Market size by number of Subscriptions Market Segmentation by Organized & Unorganized Fitness Center By Age, By Gender, By Income group, By Subscription Fees, By Region Investments Model Competitive landscape and market share of major companies Future Outlook of Fitness Services Market Spa/Salon services Market Size Market Size by revenue Market size by number of Spa/Salon Centers Market Segmentation by Organized & Unorganized Fitness Center By Age, By Gender, By Income group, By Region Competitive landscape and market share of major companies Future Outlook of Spa/Salon services Market
Wellness Product Market Size Market Segmentation by Personal Care Product & Nutraceutical Products Personal care Product Market Size Market Size by revenue Market Segmentation by Organized & Unorganized Fitness Center, By types of Products (Skin care, Hair Care, Fragrance, Color Cosmetics) By Age, By Gender, By Income group, By Region Skin care Market Size & Segmentation Hair care Market Size & Segmentation Competitive landscape and market share of major companies Future Outlook of Personal Care Product Market
Nutraceutical Product Market Size Market Size by revenue Market Segmentation by Organized & Unorganized Fitness Center, By types of Products (Dietary & Nutrition Supplements, Functional Food & Beverages) By Age, By Gender, By Income group, By Region Dietary & Nutrition Supplement Market Size & Segmentation Functional Food & Beverages Market Size & Segmentation Competitive landscape and market share of major companies Future Outlook of Nutraceutical Product Market
Government roles in Saudi Arabia Wellness Market Trends and Development Issues & Challenges SWOT Analysis Future Outlook Analyst Recommendations Macro Economic Parameters
Products Covered in the Report
Wellness Services: Fitness/ Gym Services (Aerobics, Pilates, Zumba, Yoga, Martial Arts, Swimming) and Spa, Salon (Hair Treatment, Facial Treatment, Body Treatment, Make Up)
Wellness Products: Personal Care Products (Skin Care – Face Wash, Body Moisturizer, Face Pack and Face Mask, Scrub & Cleanser, Massage oils, Toner, Bleach; Hair Care – Hair Shampoo, Hair Oil, Hair Color, Hair Gels and Others; Fragrance, Color Cosmetics); Nutraceuticals – Functional Food and Beverage (General Health & Well being, Digestive Health, Heart health & Energy Boost), Vitamin and Dietary Supplements (Standard and Herbal)
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