Thursday, June 8, 2023

Health and wellness market to reach $4,277 billion by 2027

3485 1642438111. Health and wellness

The latest report of the IMARC Group, titled “Health & Wellness Market: Global Industry Trends, Share, Size, Growth, Opportunities & Forecast 2022-2027, ” finds that Global health and wellness market size to reach a value of US$3,294 billion in 2021, Looking ahead, IMARC Group expects the market value to reach US$ 4,277 billion during 2022-2027, growing at a CAGR of 4.2%. Health and wellness refers to a state of complete physical, emotional and mental well-being of an individual. This is achieved by living a healthy lifestyle, getting regular exercise and avoiding or limiting the consumption of junk food. Some of the most important aspects of health and wellness are fitness, nutrition, personal care, weight management and preventive medicine. Over the past few years, health and wellness products have gained widespread popularity across the globe, owing to the rising income levels and increasing health concerns among individuals.

We are regularly tracking the direct impact of COVID-19 on the market along with the indirect impact of allied industries. These comments will be integrated into the report.

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Global Health & Wellness Market Trends:

The market is primarily driven by the increasing prevalence of lifestyle diseases such as diabetes, hypertension, asthma, arthritis, cancer and other stress related disorders among individuals due to sedentary lifestyle and busy schedule. As a result, people are adopting various health activities including yoga, meditation and athletics in a big way. Moreover, the increasing trend of using wearable devices like fitness bands and trackers is also contributing to the growth of the market. In addition, the rapid growth of the wellness tourism sector is driving the demand for health and wellness products. Moreover, rising disposable income and rising health-consciousness among consumers are expected to fuel the market growth in the coming years.

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Major Market Segmentation:

competitive landscape:

The competitive landscape of the market has been examined along with some of the major players:

  • Amway Corporation
  • Bayer AG
  • Danone
  • David Lloyd Leisure Limited
  • fitness First
  • Herbalife Nutrition Limited
  • Holland & Barrett Retail Limited
  • L’Oreal SA
  • Nestle SA
  • Procter & Gamble
  • Unilever
  • Vitabiotics Ltd. etc.

Breakup by Product Type:

  • Functional foods and beverages
  • Beauty and personal care products
  • Preventive and personal medicinal products
  • other

Breakup by functionality:

  • nutrition and weight management
  • heart and gut health
  • immunity
  • bone health
  • skin health
  • other

breakup by region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT analysis
  • value chain
  • Comprehensive mapping of the competitive landscape

Note: If you require specific information that is not currently within the scope of the report, we may provide it to you as part of the customization.

about us

IMARC Group is a leading market research company providing management strategy and market research worldwide. We partner with customers in all regions and sectors to identify their highest value opportunities, solve their most pressing challenges, and transform their businesses.

IMARC’s information products cover key market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high technology organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food & beverage, travel & tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Other reports by IMARC Group:

Tags: Health & Wellness Market Size, Health & Wellness Market Share, Health & Wellness Market Growth, Health & Wellness Market Trends, Health & Wellness Market Segments, Health & Wellness Market

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