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Health and Wellness Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 144 Pages
  • February 2023
  • Region: Global
  • IMARC Group
  • ID: 5753485

Quick Summary:

In the realm of the global health and wellness industry, understanding market trends and the competitive landscape is indispensable for seasoned executives. This report offers valuable insights into the critical drive factors of this rapidly evolving market. The increasing investment in health and wellness programs and personalized life coaching, alongside a rise in chronic disease prevalence due to sedentary lifestyles, are recognized as key market drivers.

The global health and wellness industry is about more than simply maintaining physical health; it encapsulates mental, emotional, and social well-being, with a strong emphasis on achieving work-life balance. This report unravels the intricacies of this multifaceted market, including the rising reliance on wearable technology for tracking daily activities, and the upswing in consumption of functional foods and beverages for maintaining personal care. A trend toward corporate implementation of health and wellness services to enhance productivity and offer employees a holistic work experience also propels the market.

In terms of market segmentation, the report classifies the industry based on product type and functionality, providing analysis and forecasts at the global, regional, and country levels. With detailed profiles of the industry's key players, this comprehensive report is a critical tool for discerning the directions and opportunities in the global health and wellness market.

The global health and wellness market size reached US$ 3,481.8 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 4,454.0 Billion by 2028, exhibiting a CAGR of 4.19% during 2022-2028. Rising number of individuals investing in personalized life coaching, increasing chronic diseases due to sedentary lifestyle habits, and the growing need for managing work-related stress represent some of the key factors driving the market.

Health and wellness refer to the comprehensive well-being of the physical, mental, emotional, and social conditions of individuals to maintain an active lifestyle. They comprise daily exercising, avoiding smoking and drinking, adopting a healthy diet, taking proper medications to treat various illnesses, going on wellness trips, taking therapies to maintain proper mental health, and giving an adequate amount of rest to the body. They also consist of leaving toxic work cultures and choosing a career that allows proper work-life balance, building reliable connections with individuals, focusing on improving finances, and indulging in spiritual practices. Health and wellness enable individuals to explore their intellectual side and deepen their spiritual connections. They encourage individuals to learn new skills, step out of their comfort zones, and challenge themselves in healthy ways. Furthermore, as they empower people to make a difference in the quality of their lives and get rid of severe health complications, the demand for health and wellness programs is rising around the world.

Health and Wellness Market Trends:

At present, the increasing preferences of young individuals to invest in personalized life coaching and health and wellness programs to stay fit and achieve their life goals represent one of the primary factors influencing the market positively. Besides this, the rising occurrence of various chronic diseases, such as diabetes, obesity, arthritis, thyroiditis, and cardiovascular complications, due to sedentary lifestyle habits among the masses is contributing to the growth of the market. In addition, the growing demand for health and wellness programs to manage work-related stress is offering a favorable market outlook. Apart from this, the increasing number of corporate companies providing health and wellness services in their employee wellness programs to improve the productivity of their staff and deliver them a holistic work experience is propelling the growth of the market. Additionally, the rising utilization of smart wearable devices, such as fitness bands, to track calories, count steps, and boost daily workouts is supporting the market growth. Moreover, the increasing awareness about the maintenance of proper mental health conditions and making better choices for leading a happy life is strengthening the market growth. Furthermore, the rising utilization of spas and consumption of functional foods and beverages to maintain personal care is bolstering the growth of the market.

Key Market Segmentation:

The analyst provides an analysis of the key trends in each sub-segment of the global health and wellness market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and functionality.

Product Type Insights:

  • Functional Foods and Beverages
  • Beauty and Personal Care Products
  • Preventive and Personalized Medicinal Products
  • Others
The report has provided a detailed breakup and analysis of the health and wellness market based on the product type. This includes functional foods and beverages, beauty and personal care products, preventive and personalized medicinal products, and others. According to the report, beauty and personal care products represented the largest segment.

Functionality Insights:

  • Nutrition & Weight Management
  • Heart & Gut Health
  • Immunity
  • Bone Health
  • Skin Health
  • Others
A detailed breakup and analysis of the health and wellness market based on the functionality has also been provided in the report. This includes nutrition and weight management, heart and gut health, immunity, bone health, skin health, and others. According to the report, skin health accounted for the largest market share.

Regional Insights:

  • 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
  • Colombia
  • Chile
  • Peru
  • Others
  • Middle East and Africa
  • Turkey
  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Others
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others); and Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, and others). According to the report, North America was the largest market for health and wellness. Some of the factors driving the North America health and wellness market included the growing availability of personalized health and wellness products, rising demand for organic and healthy food items, increasing health consciousness among individuals, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global health and wellness market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Amway Corporation, Bayer AG, Danone S.A, David Lloyd Leisure Ltd., Fitness First India Pvt Ltd., Herbalife International of America, Inc., Holland and Barrett Retail Limited, L'Oréal SA, Nestlé SA, Procter & Gamble, Unilever PLC, and Vitabiotics Ltd. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the global health and wellness market size in 2022?
2. What will be the global health and wellness market outlook during the forecast period (2023-2028)?
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?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Health and Wellness Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Product Type
6.1 Functional Foods and Beverages
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Beauty and Personal Care Products
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Preventive and Personalized Medicinal Products
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by Function ality
7.1 Nutrition & Weight Management
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Heart & Gut Health
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Immunity
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Bone Health
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Skin Health
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast

8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Europe
8.2.1 Germany
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 France
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 United Kingdom
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 Italy
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Spain
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Russia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Asia Pacific
8.3.1 China
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 Japan
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 India
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 South Korea
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Australia
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Indonesia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Argentina
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.4.4 Colombia
8.4.4.1 Market Trends
8.4.4.2 Market Forecast
8.4.5 Chile
8.4.5.1 Market Trends
8.4.5.2 Market Forecast
8.4.6 Peru
8.4.6.1 Market Trends
8.4.6.2 Market Forecast
8.4.7 Others
8.4.7.1 Market Trends
8.4.7.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Turkey
8.5.1.1 Market Trends
8.5.1.2 Market Forecast
8.5.2 Saudi Arabia
8.5.2.1 Market Trends
8.5.2.2 Market Forecast
8.5.3 Iran
8.5.3.1 Market Trends
8.5.3.2 Market Forecast
8.5.4 United Arab Emirates
8.5.4.1 Market Trends
8.5.4.2 Market Forecast
8.5.5 Others
8.5.5.1 Market Trends
8.5.5.2 Market Forecast

9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats

10 Value Chain Analysis

11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Profiles of Key Players
12.3.1 Amway Corp.
12.3.2 Bayer AG
12.3.3 Danone S.A.
12.3.4 David Lloyd Leisure Ltd.
12.3.5 Fitness First India Pvt Ltd.
12.3.6 Herbalife Nutrition Ltd.
12.3.7 Holland & Barrett Retail Limited
12.3.8 L'Oréal SA
12.3.9 Nestlé SA
12.3.10 Procter & Gamble
12.3.11 Unilever PLC
12.3.12 Vitabiotics Ltd.

List of Figures
Figure 1: Global: Health and Wellness Market: Major Drivers and Challenges
Figure 2: Global: Health and Wellness Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Health and Wellness Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Health and Wellness Market: Breakup by Functionality (in %), 2022
Figure 5: Global: Health and Wellness Market: Breakup by Region (in %), 2022
Figure 6: Global: Health and Wellness Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Health and Wellness (Functional Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Health and Wellness (Functional Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Health and Wellness (Beauty and Personal Care Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Health and Wellness (Beauty and Personal Care Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Health and Wellness (Preventive and Personalized Medicinal Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Health and Wellness (Preventive and Personalized Medicinal Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Health and Wellness (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Health and Wellness (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Health and Wellness (Nutrition & Weight Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Health and Wellness (Nutrition & Weight Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Health and Wellness (Heart & Gut Health) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Health and Wellness (Heart & Gut Health) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Health and Wellness (Immunity) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Health and Wellness (Immunity) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Health and Wellness (Bone Health) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Health and Wellness (Bone Health) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Health and Wellness (Skin Health) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Health and Wellness (Skin Health) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Health and Wellness (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Health and Wellness (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: United States: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: United States: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Canada: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Canada: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Europe: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Europe: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Germany: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Germany: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: France: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: France: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: United Kingdom: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: United Kingdom: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Italy: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Italy: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Spain: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Spain: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Russia: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Russia: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Others: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Others: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Asia Pacific: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Asia Pacific: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: China: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: China: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Japan: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Japan: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: India: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: India: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: South Korea: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: South Korea: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Australia: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Australia: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Indonesia: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Indonesia: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Latin America: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Latin America: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Brazil: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Brazil: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Mexico: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Mexico: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Argentina: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Argentina: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Colombia: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Colombia: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Chile: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Chile: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Peru: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Peru: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Middle East and Africa: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Middle East and Africa: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Turkey: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Turkey: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Saudi Arabia: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Saudi Arabia: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Iran: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Iran: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: United Arab Emirates: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: United Arab Emirates: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Others: Health and Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Others: Health and Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Global: Health and Wellness Industry: SWOT Analysis
Figure 94: Global: Health and Wellness Industry: Value Chain Analysis
Figure 95: Global: Health and Wellness Industry: Porter’s Five Forces Analysis

List of Tables
Table 1: Global: Health and Wellness Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Health and Wellness Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Health and Wellness Market Forecast: Breakup by Functionality (in Million US$), 2023-2028
Table 4: Global: Health and Wellness Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Health and Wellness Market: Competitive Structure
Table 6: Global: Health and Wellness Market: Key Players

Companies Mentioned

  • Amway Corporation
  • Bayer AG
  • Danone S.A
  • David Lloyd Leisure Ltd.
  • Fitness First India Pvt Ltd.
  • Herbalife International of America Inc.
  • Holland and Barrett Retail Limited
  • L'Oréal SA
  • Nestlé SA
  • Procter & Gamble
  • Unilever PLC
  • Vitabiotics Ltd.

Methodology

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