The global health and wellness market reached a value of US$ 3.31 Billion in 2020. Health and wellness refer to the state of complete wellbeing of the body, mind and spirit. Some of the important aspects of the health and wellness industry include personal care/beauty, nutrition, weight management, fitness, preventive/personalized medicine, etc. Apart from this, services based on wellness real estate, wellness tourism, health spas and thermal and mineral springs are also offered to consumers and form an integral operational part of the industry.
The growing prevalence of chronic lifestyle diseases across the globe is one of the key factors driving the growth of the market. Owing to the sedentary lifestyles and hectic schedules, the prevalence of diabetes, blood pressure, asthma, arthritis, cancer, dementia and other stress-related disorders has increased significantly. This has encouraged the masses to adopt various healthcare activities, including yoga, meditation and athletics. Furthermore, the emerging trend of using wearable devices, such as fitness bands and trackers, is also providing a boost to the market growth. Additionally, the rapid growth of the wellness tourism and mineral spas sectors is also driving the market. Spa operators use specialized therapeutic waters, such as iodine-bromine and Malkinskaya mineral water, to treat various cardiovascular ailments, rheumatism, spinal column ailments, circulation disorders, asthma and bronchitis. Other factors, including rapid urbanization and rising disposable incomes, along with the increase in the number of health-conscious consumers across the globe, are projected to drive the market further. Looking forward, the analyst expects the global health and wellness market to reach a value of US$ 4.24 Billion by 2026, exhibiting a CAGR of 4.10% during 2021-2026.
Breakup by Product Type: Functional Foods and Beverages Beauty and Personal Care Products Preventive and Personalized Medicinal Products Others
Breakup by Functionality: Nutrition & Weight Management Heart & Gut Health Immunity Bone Health Skin Health Others
Breakup by Region
North America United States Canada Europe Germany France United Kingdom Italy Spain Russia Others Asia Pacific China Japan India South Korea Australia Indonesia Others Latin America Brazil Mexico Argentina Columbia Chile Peru Others Middle East and Africa Turkey Saudi Arabia Iran United Arab Emirates Others
Competitive Landscape: The competitive landscape of the industry has also been examined with some of the being Amway Corp., Bayer AG, Danone, David Lloyd Leisure Ltd., Fitness First, Herbalife Nutrition Ltd., Holland & Barrett Retail Limited, L’Oréal SA, Nestlé SA, Procter & Gamble, Unilever, Vitabiotics Ltd., etc.
Key Questions Answered in This Report: 1. What was the global health and wellness market size in 2020? 2. What will be the global health and wellness market outlook during the forecast period (2021-2026)? 3. What are the global health and wellness market drivers? 4. What are the major trends in the global health and wellness market? 5. What is the impact of COVID-19 on the global health and wellness market? 6. What is the global health and wellness market breakup by product type? 7. What is the global health and wellness market breakup by functionality? 8. What are the major regions in the global health and wellness market?
Our reports have been used by over 10K customers, including: