Report Id: HWM0423
Health and Wellness Market based on Product Type (Beauty & Personal Care Products, Health & Wellness Food, Wellness Tourism, Fitness Equipment and Others) and Geography (North America, Europe, APAC and RoW)-Forecast up to 2023-2028
The Health and Wellness Market is likely to grow at a rate of 5.6% CAGR by 2028.
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Major Players
- Amway Corp
- Procter & Gamble
- David Lloyd Leisure Ltd
- Holland & Barrett Retail Limited
- Bayer AG
Study period:
Fastest Growing Market:
2023-2028
APAC
Base Year:
Largest Market:
2022
North America
CAGR:
5
REPORT DESCRIPTION
Health and wellness are two aspects which are highly valued. All people, disregarding of their age, background, or category, ought to pay attention to these concepts. The motive for this is that when people are healthy, they can emphasize effectively on carrying out several duties and activities. They will also be able to live effective lives and achieve the desired goals and objectives. Living effectual and successful lives is based on being in good bodily and mental health. The global health and wellness market is significantly driven by the high consumer expenditure of a wide range of health and wellness products and services across the world. The growing burden of physical and mental diseases such as depression, cancer, anxiety and various others has a vital role in the development of the trillion dollars health and wellness industry. The increasing personal disposable income, high awareness about the health and wellness products and services among the consumers, increasing government expenditure on the development of advanced healthcare infrastructure, and desire for healthy and active lifestyle among the population are various important factors which propels the growth of the global health and wellness market. On the other hand, the factors such as high cost of the products and services and health hazards are restricting the health and wellness market growth. The Health and Wellness Market is likely to grow at a rate of 5.6% CAGR by 2028.
The Health and Wellness Market has been segmented below:
Health and Wellness Market on the basis of Product Type
- Beauty & Personal Care Products
- Health & Wellness Food
- Wellness Tourism
- Fitness Equipment
- Others
Health and Wellness Market on the basis of Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
The health and wellness market is major segmented by product which is divided into Beauty & Personal Care Products, Health & Wellness Food, Wellness Tourism, Fitness Equipment and Others. Among which the Beauty & Personal Care Products segment have the largest share in the health and wellness market. The growing desire for organic and natural beauty and personal care products has affected the growth of the beauty and personal care goods market. Beauty and personal care products have grown steadily over the years, owing to a beauty-conscious female population. Several other variables, such as rising income, increased awareness of the importance of sustaining long-term attractiveness, developing lifestyle, the introduction of an online shopping model, and the creation of a distribution channel, have continued to boost beauty and personal care product market growth.
According to the health and wellness market based on geography the geographical regions include North America, Europe, Asia Pacific and Rest of the World. The North America region is accounted for the largest share in the market. North America's increasing disposable income, increased health consciousness, robust demand for healthy products, and improved consumer knowledge of health and wellness items all boost demand for health and wellness. Moreover, the presence of several key industry players and the different development methods they have adopted has led significantly to the growth of the North American health and wellness market opportunity in the region.
Chronic diseases, also referred as non-communicable diseases, often occur in mid-thirties after long exposure to unhealthy habits, which include dearth of regular exercise, tobacco use, and consumption of diets which are rich in oversaturated fats, artificial sweeteners, and salt, majorly characterized by "junk foods." This lifestyle results in higher levels of negative outcomes, such as hyperlipidemia, hypertension, diabetes, and being overweight which work individually and additively. In health services which are intended to treat severe diseases, the risk factors are commonly misdiagnosed or poorly treated. Hence, the prevalence of chronic lifestyle diseases across the world is driving the global market.
Significant players operating in the health and wellness market are Amway Corp., Procter & Gamble, David Lloyd Leisure Ltd., Holland & Barrett Retail Limited, Bayer AG, Danone, Fitness First, Herbalife Nutrition Ltd., Unilever Plc, and Vitabiotics Ltd.
Therefore, the concept of health and wellness is being given high priority across the world. Moreover, the people are also being very conscious about their health since, due to the inactive lifestyles causing various chronic diseases which are leading to the problems in life.
- This research report of defines the segmentation of the market in terms of product, application and geography.
- This study evaluates the market on the bases of quantitative and qualitative analysis.
- This report identifies and analyzes the major factors such as propellants, restraints, opportunities and challenges impacting the market.
- This report also provides the profiles of the key competitors along with their progressive strategies such as latest developments in products, joint ventures, mergers and acquisitions and alliances.
1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis
5. Product Type: Market Size & Analysis
5.1. Overview
5.2. Beauty & Personal Care Products
5.3. Health & Wellness Food
5.4. Wellness Tourism
5.5. Fitness Equipment
5.6. Others
6. Geography: Market Size & Analysis
6.1. Overview
6.2. North America
6.3. Europe
6.4. Asia Pacific
6.5. Rest of the World
7. Competitive Landscape
7.1. Competitor Comparison Analysis
7.2. Market Developments
7.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
7.2.2. Product Launches and execution
8. Vendor Profiles
8.1. Amway Corp.
8.1.1. Overview
8.1.2. Financial Overview
8.1.3. Product Offerings
8.1.4. Developments
8.1.5. Business Strategy
8.2. Procter & Gamble
8.2.1. Overview
8.2.2. Financial Overview
8.2.3. Product Offerings
8.2.4. Developments
8.2.5. Business Strategy
8.3. David Lloyd Leisure Ltd.
8.3.1. Overview
8.3.2. Financial Overview
8.3.3. Product Offerings
8.3.4. Developments
8.3.5. Business Strategy
8.4. Holland & Barrett Retail Limited
8.4.1. Overview
8.4.2. Financial Overview
8.4.3. Product Offerings
8.4.4. Developments
8.4.5. Business Strategy
8.5. Bayer AG
8.5.1. Overview
8.5.2. Financial Overview
8.5.3. Product Offerings
8.5.4. Developments
8.5.5. Business Strategy
8.6. Danone
8.6.1. Overview
8.6.2. Financial Overview
8.6.3. Product Offerings
8.6.4. Developments
8.6.5. Business Strategy
8.7. Fitness First
8.7.1. Overview
8.7.2. Financial Overview
8.7.3. Product Offerings
8.7.4. Developments
8.7.5. Business Strategy
8.8. Herbalife Nutrition Ltd.
8.8.1. Overview
8.8.2. Financial Overview
8.8.3. Product Offerings
8.8.4. Developments
8.8.5. Business Strategy
8.9. Unilever Plc
8.9.1. Overview
8.9.2. Financial Overview
8.9.3. Product Offerings
8.9.4. Developments
8.9.5. Business Strategy
8.10. Vitabiotics Ltd
8.10.1. Overview
8.10.2. Financial Overview
8.10.3. Product Offerings
8.10.4. Developments
8.10.5. Business Strategy
9. Analyst Opinion
10. Annexure
10.1. Report Scope
10.2. Market Definitions
10.3. Research Methodology
10.3.1. Data Collation and In-house Estimation
10.3.2. Market Triangulation
10.3.3. Forecasting
10.4. Report Assumptions
10.5. Declarations
10.6. Stakeholders
10.7. Abbreviations
The Health and Wellness Market has been segmented below:
Health and Wellness Market on the basis of Product Type
- Beauty & Personal Care Products
- Health & Wellness Food
- Wellness Tourism
- Fitness Equipment
- Others
Health and Wellness Market on the basis of Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Got a question? We've got answers. If you have some other questions, see our support center.
What is the predicted growth rate of Health and Wellness Market?
The market is expected to grow at a CAGR of 5.6% during the study period (2023-2028)
What is the segment’s covered for the Health and Wellness Market?
The segment included in the Health and Wellness Market is Product Type and Region.
Who are the major key vendors in the Health and Wellness Market?
Some key players operating in the Health and Wellness Market include Amway Corp., Procter & Gamble, David Lloyd Leisure Ltd., Holland & Barrett Retail Limited, Bayer AG, Danone, Fitness First, Herbalife Nutrition Ltd., Unilever Plc
What are the different forms of the report available?
We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook
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