USD 1.39 trillion growth opportunity in Health and Wellness Market | Driven by increasing emphasis on promotion of health and wellness activities and programs | Technavio – Yahoo Finance
NEW YORK, March 28, 2022 /PRNewswire/ — The global health and wellness market size is expected to increase by USD 1.39 trillion between 2020 and 2025, expanding at a CAGR of 6.29% during the forecast period. Technavio expects the market to observe maximum growth in APAC. The increasing investments in wellness tourism and the presence of a number of government initiatives to promote wellness tourism are creating significant growth opportunities for market players.
The full report on the global health and wellness market offers a comprehensive analysis of the market size, the factors influencing market growth, and other important statics.
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The market is driven by the increased emphasis on the promotion of health and wellness activities and programs. Improvements in the economic conditions of countries have given the liberty to lower and middle-class consumers to spend more on health and well-being. For instance, in China, the total consumer spending grew by almost 8% in 2017 when compared with the previous year. These factors are encouraging vendors to launch free health coaching, giveaway campaigns, community gatherings centered around self-care, nutrition, and others. Vendors are also leveraging social media channels to successfully promote their brands and products. Many such factors are increasing the awareness regarding health and well-being among consumers, which is driving the growth of the market.
As per Technavio, the growing influence of thermal and mineral springs and spas in the market will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.
Health and Wellness Market: Growing influence of thermal and mineral springs and spas
The prevalence of health conditions such as rheumatism, circulation disorders, spinal column ailments, bronchitis, and asthma is increasing across the world. This has increased the demand for mineral springs and spas among consumers. To capture this growing interest among consumers, many spas and health resorts, especially in regions such as Europe, North America, and Asia have started to use therapeutic waters sourced from natural thermal and mineral springs. This is attracting a lot of consumers to opt for such services, which is expected to have a positive impact on the growth of the market during the forecast period.
Learn more about the key drivers, global trends, and challenges impacting the future of market growth.
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Health and Wellness Market: Segmentation Analysis
This market research report segments the health and wellness market by product (beauty and personal care products, health and wellness food, wellness tourism, fitness equipment, and preventive and personalized health) and geography (North America, Europe, APAC, MEA, and South America).
During the forecast period, the APAC region is expected to register the highest incremental growth. Vendors in the region are undergoing M&A, collaboration, and new product launches to strengthen their positions. The region is also observing a significant increase in the sale of fitness equipment and personal & beauty care products. These factors are fostering the growth of the health and wellness market in APAC.
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Some of the key topics covered in the report include:
Market positioning of vendors
Outdoor Gym Equipment Market by Application and Geography – Forecast and Analysis 2022-2026
Smart Fitness Market by Product and Geography – Forecast and Analysis 2022-2026
Health and Wellness Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 6.29%
Market growth 2021-2025
USD 1.39 Trillion
YoY growth (%)
North America, Europe, APAC, MEA, and South America
Performing market contribution
APAC at 34%
Key consumer countries
US, UK, Germany, China, and France
Leading companies, competitive strategies, consumer engagement scope
Bayer AG, Beiersdorf AG, Core Health and Fitness LLC, Danone SA, General Mills Inc., Johnson Health Tech Inc., Nestle SA, PepsiCo Inc., Shiseido Co. Ltd., and The Procter and Gamble Co.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents:
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2 Market Characteristics
Exhibit 02: Market Characteristics
2.3 Value chain analysis
Exhibit 03: Value chain analysis for hotels, restaurants, and leisure
2.3.2 Inbound logistics
2.3.5 Marketing and sales
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 – 2025
Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ billion)
Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Market condition – Five forces 2020
5. Market Segmentation by Product
The segments covered in this chapter are:
Beauty and personal care products
Health and wellness food
Preventive and personalized health
Here health and wellness food has shown the maximum growth while personal care products, wellness tourism, fitness equipment and personalised health have the lowest growth.
5.1 Market segments
Exhibit 15: Product – Market share 2020-2025 (%)
5.2 Comparison by Product
Exhibit 16: Comparison by Product
5.3 Beauty and personal care products – Market size and forecast 2020-2025
Exhibit 17: Beauty and personal care products – Market size and forecast 2020-2025 ($ billion)
Exhibit 18: Beauty and personal care products – Year-over-year growth 2020-2025 (%)
5.4 Health and wellness food – Market size and forecast 2020-2025
Exhibit 19: Health and wellness food – Market size and forecast 2020-2025 ($ billion)
Exhibit 20: Health and wellness food – Year-over-year growth 2020-2025 (%)
5.5 Wellness tourism – Market size and forecast 2020-2025
Exhibit 21: Wellness tourism – Market size and forecast 2020-2025 ($ billion)
Exhibit 22: Wellness tourism – Year-over-year growth 2020-2025 (%)
5.6 Fitness equipment – Market size and forecast 2020-2025
Exhibit 23: Fitness equipment – Market size and forecast 2020-2025 ($ billion)
Exhibit 24: Fitness equipment – Year-over-year growth 2020-2025 (%)
5.7 Preventive and personalized health – Market size and forecast 2020-2025
Exhibit 25: Preventive and personalized health – Market size and forecast 2020-2025 ($ billion)
Exhibit 26: Preventive and personalized health – Year-over-year growth 2020-2025 (%)
5.5 Market opportunity by Product
Exhibit 27: Market opportunity by Product
6. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 28: Customer landscape
7. Geographic Landscape
The regions covered in the report are:
North America was the largest region of the market in 2020
7.1 Geographic segmentation
Exhibit 29: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 30: Geographic comparison
7.3 North America – Market size and forecast 2020-2025
Exhibit 31: North America – Market size and forecast 2020-2025 ($ billion)
Exhibit 32: North America – Year-over-year growth 2020-2025 (%)
7.4 Europe – Market size and forecast 2020-2025
Exhibit 33: Europe – Market size and forecast 2020-2025 ($ billion)
Exhibit 34: Europe – Year-over-year growth 2020-2025 (%)
7.5 APAC – Market size and forecast 2020-2025
Exhibit 35: APAC – Market size and forecast 2020-2025 ($ billion)
Exhibit 36: APAC – Year-over-year growth 2020-2025 (%)
7.6 MEA – Market size and forecast 2020-2025
Exhibit 37: MEA – Market size and forecast 2020-2025 ($ billion)
Exhibit 38: MEA – Year-over-year growth 2020-2025 (%)
7.7 South America – Market size and forecast 2020-2025
Exhibit 39: South America – Market size and forecast 2020-2025 ($ billion)
Exhibit 40: South America – Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 41: Key leading countries
7.9 Market opportunity by geography
Exhibit 42: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increasing emphasis on promotion of health and wellness activities and programs
8.1.2 Increasing incidences of chronic diseases, stress, and other adverse health conditions
8.1.3 Rising number of new product launches in market
8.2 Market challenges
8.2.1 Frequent product recalls
8.2.2 Lack of cost transparency and value-based payments
8.2.3 High degree of disorganization, price instability, and lack of skilled manpower
Exhibit 43: Impact of drivers and challenges
8.3 Market trends
8.3.1 Growing influence of thermal and mineral springs and spas
8.3.2 Rising demand for organic, eco-friendly, clean-labeled, and sustainable health and wellness products
8.3.3 Growing number of distribution deals, technological associations, collaborations, and acquisitions
9. Vendor Landscape
Exhibit 44: Vendor landscape
9.1 Landscape disruption
Exhibit 45: Landscape disruption
Exhibit 46: Industry risks
9.2 Competitive Landscape
10. Vendor Analysis
10.1 Vendors covered
Exhibit 47: Vendors covered
10.2 Market positioning of vendors
Exhibit 48: Market positioning of vendors
10.3 Bayer AG
Exhibit 49: Bayer AG – Overview
Exhibit 50: Bayer AG – Business segments
Exhibit 51: Bayer AG – Key news
Exhibit 52: Bayer AG – Key offerings
Exhibit 53: Bayer AG – Segment focus
10.4 Beiersdorf AG
Exhibit 54: Beiersdorf AG – Overview
Exhibit 55: Beiersdorf AG – Business segments
Exhibit 56: Beiersdorf AG – Key news
Exhibit 57: Beiersdorf AG – Key offerings
Exhibit 58: Beiersdorf AG – Segment focus
10.5 Core Health and Fitness LLC
Exhibit 59: Core Health and Fitness LLC – Overview
Exhibit 60: Core Health and Fitness LLC – Product and service
Exhibit 61: Core Health and Fitness LLC – Key offerings
10.6 Danone SA
Exhibit 62: Danone SA – Overview
Exhibit 63: Danone SA – Business segments
Exhibit 64: Danone SA – Key news
Exhibit 65: Danone SA – Key offerings
Exhibit 66: Danone SA – Segment focus
10.7 General Mills Inc.
Exhibit 67: General Mills Inc. – Overview
Exhibit 68: General Mills Inc. – Business segments
Exhibit 69: General Mills Inc. – Key offerings
Exhibit 70: General Mills Inc. – Segment focus
10.8 Johnson Health Tech Inc.
Exhibit 71: Johnson Health Tech Inc. – Overview
Exhibit 72: Johnson Health Tech Inc. – Product and service
Exhibit 73: Johnson Health Tech Inc. – Key offerings
10.9 Nestle SA
Exhibit 74: Nestle SA – Overview
Exhibit 75: Nestle SA – Business segments
Exhibit 76: Nestle Sa – Key news
Exhibit 77: Nestle SA – Key offerings
Exhibit 78: Nestle SA – Segment focus
10.10 PepsiCo Inc.
Exhibit 79: PepsiCo Inc. – Overview
Exhibit 80: PepsiCo Inc. – Business segments
Exhibit 81: PepsiCo Inc. – Key offerings
Exhibit 82: PepsiCo Inc. – Segment focus
10.11 Shiseido Co. Ltd
Exhibit 83: Shiseido Co. Ltd. – Overview
Exhibit 84: Shiseido Co. Ltd. – Key news
Exhibit 85: Shiseido Co. Ltd. – Key offerings
10.12 The Procter and Gamble Co.
Exhibit 86: The Procter and Gamble Co. – Overview
Exhibit 87: The Procter and Gamble Co. – Business segments
Exhibit 88: The Procter and Gamble Co. – Key news
Exhibit 89: The Procter and Gamble Co. – Key offerings
Exhibit 90: The Procter and Gamble Co. – Segment focus
11.1 Scope of the report
11.1.1 Market definition
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 91: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 92: Research Methodology
Exhibit 93: Validation techniques employed for market sizing
Exhibit 94: Information sources
11.4 List of abbreviations
Exhibit 95: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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