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India Wellness Tourism Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 6.70% (2024-2032)
The India wellness tourism market is experiencing substantial growth driven by several interrelated factors. According to IMARC Group, India wellness tourism market size is projected to exhibit a growth rate (CAGR) of 6.70% during 2024-2032.
India Wellness Tourism Industry Trends and Drivers:
Firstly, India's rich cultural heritage and traditional practices, such as Ayurveda, yoga, and meditation, play a crucial role. These practices, which are integral to Indian culture, are gaining global recognition due to their health benefits. The increasing awareness and acceptance about holistic wellness approaches are attracting international tourists seeking authentic and therapeutic experiences. Moreover, India's diverse landscape, ranging from serene beaches to picturesque mountains, provides an ideal backdrop for wellness retreats, enhancing its appeal as a wellness destination. The rising disposable incomes and changing lifestyle preferences of the domestic population are also strengthening the market growth. As the middle class is expanding and consumer spending is increasing, more Indians are seeking wellness vacations to escape the stresses of urban life and focus on their health and well-being. This growing domestic demand is leading to the development of various wellness resorts and facilities across the country, catering to both international and local tourists.
The Government of India is actively promoting wellness tourism as part of its broader tourism strategy. Initiatives like the Incredible India campaign is highlighting the country’s wellness offerings, while policies aimed at improving infrastructure and facilitating easier travel are contributing to the market growth. Additionally, collaborations between the public and private sectors are leading to the establishment of state-of-the-art wellness centers and facilities, enhancing the overall tourist experience in the country. The rising number of digital platforms and social media is also playing a pivotal role. The increasing use of digital media is making it easier for wellness tourism operators to reach a global audience. Positive reviews, testimonials, and wellness content shared by influencers and travelers create a buzz around India's wellness offerings, attracting more tourists. Social media platforms serve as powerful marketing tools, showcasing India’s wellness destinations and practices to a worldwide audience.
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India Wellness Tourism Industry Segmentation:
The report has segmented the market into the following categories:
Travelers Type Insights:
Primary
Secondary
Service Type Insights:
Transport
Lodging
Food and Beverage
Shopping
Activities and Excursion
Others
Location Insights:
Domestic
International
Regional Insights:
North India
West and Central India
South India
East and Northeast India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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