Surge in Inbound Tourist Arrivals and Rising Preference for Organic and Healthy Lifestyle will be the Key Catalysts for the Growth of Wellness Industry in Qatar: Ken Research
Posted on 20 October 2016 by KenResearch Healthcare,
Growth of Wellness Industry is anticipated to be led by the rising number of tourist, increasing female working population, rising prevalence of lifestyle diseases among the Population of Qatar.
The leading Fitness centers in Qatar are Fitness First, Fitness time, curves, Dana club, diplomatic club and others.
The leading Spa/Salon centers in Qatar are Hyatt Spa, Doha Marriott Spa, PN medical Spa and others
The leading personal care product companies in Qatar are P&G, Unilever Arabia, Estee Lauder, loreal, Beiersdorf and others.
The wellness market in Qatar has showcased a vigorous growth in the recent past, primarily on account of the early adopters, comprising of the young urban population who have high disposable income. These early adopters or the young urban population in Qatar are generally inclined towards wellness and fitness activities as they are mostly independent and prefer to be in good shape and command confident body language in order to look competitive in their busy corporate life. 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. Wellness product market is the major contributor of in the revenues of the wellness industry followed by wellness services market, According to Ken Research
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 demographics of Qatar is changing, the youth population in the country is changing which is the main target of the wellness services centers.
According to Ken Research The wellness product market had witnessed a robust growth in the past few years in the country. The fragrance 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 2.3 billion by 2020, in which wellness services will contribute over USD 350 million and wellness products will contribute to over USD 1.5 billion revenues.
Increase in working female population in the country, expansion of tourism industry, increasing prevalence of life style diseases 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, increasing men’s grooming segment and upcoming FIFA world cup will drive the industry. 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 wellness service centers should also expand their business by opening new branches in the country. The companies should also do tie-ups with corporate offices to provide the wellness services to the employees. 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.
Ken Research announced its latest publication on “Qatar Wellness Market Outlook to 2020 - Rising tourism industry and Prevalence in Lifestyle Diseases will drive the Market” which provides a comprehensive analysis of Wellness market in Qatar. 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 cover the market size of wellness services and its market segmentation by Fitness services and Spa/Salon services Qatar. The report covers the market share and detailed company profile for all segments i.e. Fitness services, Spa/Salon services, personal care 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 Qatar. according to Ken Research
The report also serves as a benchmark for every new player which is seeking to enter into wellness services market and wellness products market on what should be the focus and USP for that new player.
Companies Covered in the Report
Fitness services: Fitness First, Diplomatic Club, Al Masa Active Club, Al dana Club, Anytime Fitness, Curves, Four Season Gym, Crunch Doha, Crown plaza Doha, Evolve Gym, New World Fitness centre
Spa and Salon services: Hyatt Spa, Sharq village Spa, Doha Marriott Spa, Four Seasons Spa, Luxury Spa/fitness, The Venue, Al-Mashata, NuYu, Kempinsky, The Ritz Carlton Spa
Wellness Product: P&G, Beiersdorf Middle East, L’oreal, Revlon, Unilever Middle East
For More Details on this Report Click On below link