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Health and Wellness Market Report 2022-2027, and Forecast

Maria James by Maria James
April 15, 2022
in Business
0
Home Business

The latest report by IMARC Group, titled “Health and Wellness Industry Analysis: Global Market Trends, Share, Size, Growth, Opportunity, and Forecast Till 2027,” finds that the global health and wellness market reached a value of US$ 3,294 Billion in 2021. Looking forward, IMARC Group expects the market value to reach US$ 4,277 Billion by 2027, expanding at a CAGR of 4.2% during 2022-2027. Health and wellness refer to the state of complete physical, emotional and mental well-being of an individual. It is achieved by living a healthy lifestyle, practicing regular exercise, and avoiding or limiting the consumption of junk food.  Some of the most crucial aspects of health and wellness are fitness, nutrition, personal care, weight management, and preventive medicines. Over the years, health and wellness products have gained widespread popularity across the globe owing to the inflating income levels and rising health concerns among individuals.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request Free Sample Report: https://www.imarcgroup.com/health-wellness-market/requestsample

Global Health and Wellness Market Trends:

The market is primarily driven by the growing prevalence of lifestyle diseases such as diabetes, hypertension, asthma, arthritis, cancer, and other stress-related disorders among individuals due to sedentary lifestyles and hectic schedules. As a result, people are extensively adopting various healthcare activities, including yoga, meditation, and athletics. Moreover, the growing trend of using the wearable devices, such as fitness bands and trackers, is also contributing to the market growth. Besides this, the rapid growth of wellness tourism sector is escalating the demand for health and wellness products. Furthermore, the rising disposable incomes and the growing health-consciousness among consumers are anticipated to propel the market growth in the upcoming years.

Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been examined with some of the key players include:

  • Amway Corp.
  • Bayer AG
  • Danone
  • David Lloyd Leisure Ltd.
  • Fitness First
  • Herbalife Nutrition Ltd.
  • Holland & Barrett Retail Limited
  • L’Oréal SA
  • Nestlé SA
  • Procter & Gambl
  • Unilever
  • Vitabiotics Ltd. etc.

Breakup by Product Type:

  • Functional Foods and Beverages
  • Beauty and Personal Care Products
  • Preventive and Personalized Medicinal Products
  • Others

Based on the product type, the market has been segmented into functional foods and beverages, beauty and personal care products, preventive and personalized medicinal products, and others.

Breakup by Functionality:

  • Nutrition & Weight Management
  • Heart & Gut Health
  • Immunity
  • Bone Health
  • Skin Health
  • Others

On the basis of functionality, the market has been segregated into nutrition and weight management, heart and gut health, immunity, bone health, skin health, and others.

Breakup by Region

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • 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 leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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

Contact us:

IMARC Group

30 N Gould St, Ste R

Sheridan, WY (Wyoming) 82801 USA

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Read More: https://nightinnovations.com/green-packaging-market-report-2022-2027-and-forecast/

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