INDUSTRY STATISTICS
SHOWN: THE BODY CLUB™
US Industry Overview
Americans spend over $71 billion a year on weight loss and nutritional products, a figure which has grown steadily and consistently for the past 30 years. Consumers are aware that, for the most part, a substantial number of the “magic” pills and supplements do not work. Consumers are ready, and will readily pay for products and services that will produce results that are healthy, convenient, satisfying, and fit well into today's busy lifestyle. At any given time, 39 percent of American adults are on diets or weight loss supplements. Since 2005, dietary supplement sales are estimated to be growing at a rate of 10‐12 percent annually.
The United States leads in the ten top Global Fitness markets with 29,357 health clubs nationwide. These clubs have generated $17.6 billion in industry revenue in 2008 alone. 42,700,000 domestic club memberships have been recorded, accounting for 16% of the population. In 2007, women made up 57% of club memberships in the United States and this figure has rose exponentially in the following years. According to a survey conducted by IHRSA, 25% of people found that simply joining a health club helped them attain their fitness goals, 30% found that frequent health club attendance was successful in helping them to lose weight, and 26% reported that a formal diet helped them lose weight. This puts the Company at a definite advantage as it offers technologically-advanced fitness centers and health clubs, as well as a formal diet program and nutrition counseling.
Revenue of the U.S. spa* industry from 2008 to 2014 (in billion U.S. dollars)
This statistic displays total revenue numbers of the United States Spa Industry from 2008 to 2014.
In 2010, the U.S. spa industry reported revenues of 12.8 billion U.S. dollars.
U.S. spa industry revenue - additional information
The U.S spa industry has grown steadily since 2008, with revenues for 2013 estimated at around 14.7 billion U.S. dollars. This marks an increase of 700 million U.S. dollars on the figure from 2012. As of May 2014, the industry employed almost 350,000 people, around 157,000 of whom worked part-time.
A total of 164 million visits were made to the 20,000 spas across the country in 2013, 4 million more than in 2012. However, the total area used for the United States spa industry has shrunk slightly since it peaked at 81 million square feet in 2009. As of May 2012, 77 million square feet in the United States is devoted to spa facilities.
The spa industry can be categorized under the wellness market, which also includes segments such as beauty and anti-aging products and wellness tourism. The spa industry segment of the global wellness industry was worth an estimated 94 billion U.S. dollars in 2013. In comparison, beauty and anti-aging, which was the biggest segment in the industry, generated revenue of over 1 trillion U.S. dollars. Wellness tourism is a growing sector within the industry and it is predicted to be worth around 680 billion U.S. dollars in 2017. Some of the most popular destinations for wellness vacations among health travelers from North America in 2014 were Hawaii and the Caribbean.
Industry Fast Facts:
• Revenue in the health, fitness, and beauty industries totaled over $91 billion in 2014. (US only)
• Each of these sectors has experienced double digit growth annually since 2003, with future growth projections expected to be larger.
• Over 89% of US women have expressed dissatisfaction with their current physical appearance, and have expressed a desire to change.
• 50 percent of (US) women and 25 percent of men are seeking to lose weight.
• 30 percent each are actively seeking to maintain current weight.
• Most people have attempted to diet using more than one method; on average dieters try one method or another for about six months at the rate of more than one per year for two years.
• Weight Loss and ancillary service purchases are predominantly made by women . (72%)
• Only 14% of the female US population is seeking their fitness needs inside of a health club today
• Slightly more women (53%) than men (47%) are health club members
• In the past 10 years, health club membership has grown by an average compound rate of 14.9%.
• To a significant extent, US Health Club Membership remains “supply driven,” meaning that each new club creates its base of first‐time members. Currently 46% of all health club members are first‐time members.
Sources: IHRSA (International Health Racquet Sportclub Association), ASD (American Sports Data), Deutche Bank Research 2014.