Health and Wellness Market Growth, Key Manufacturers and Industry Demand Analysis to 2028


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Shibuya Data Count

Jan 05, 2022, 02:09 EST


Shibuya-ku, Tokyo, Japan, Japan, Jan 05, 2022, 02:09 /Comserve / -- According to a study conducted by Research Dive, the global health and wellness market size was over $4,514.3 million in 2018 and is anticipated to generate a revenue of $6,543.4 million by 2026 with a growth rate of 4.8% CAGR.

According to a study conducted by Research Dive, the global health and wellness market size was over $4,514.3 million in 2018 and is anticipated to generate a revenue of $6,543.4 million by 2026 with a growth rate of 4.8% CAGR.

Market Description:

Health and wellness is an active aspect of accomplishing individual best state of mental and physical presence. Intake of healthy food items such as vegetables and less protein along with maintaining of a dynamic lifestyle give individual state of wellness but maintaining exercise and good eating habits are part of the whole health and wellness systems. To achieve a full state of health and wellness active participation at an individual level is required in terms of social, spiritual, occupational and emotional factors. These factors contribute to improvement of individual state of mental and physical presence.

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Market Drivers:

Global health and wellness market drivers: The global health and wellness market is mainly driven by the rising demand for thermal & mineral springs and increasing number health spas across the globe. In addition, thermal and mineral springs are able to cure blood circulation issues, hypertension, stress, and remove toxins from body. These advantages of thermal & mineral springs are expected to fuel the demand for health and wellness services in the projected time. Moreover, growing prevalence of chronic disorders among the aged people and frequent occurrence of arthritis, asthma, cancer patients generate health and stress in patients. This aspect is supporting the acceptance of health and wellness products globally and is anticipated to drive the market growth in the near future.

Market Restraints:

The global health and wellness market growth is mainly restrained by cost of the products and their derivatives. In addition, high funds need for the maintenance of mineral and thermal springs is estimated to hamper the growth of the market.

Market Opportunities:

Increasing preference of organic, eco-friendly products by people is generating major opportunities for the health and wellness market. Furthermore, rising demand for maintainable health and wellness products is predicted to impel the growth of the market in the coming years.

Health and Wellness Market, by Product Type:

The global health and wellness market is segmented on the basis of product type into beauty & personal care products, health & wellness food, wellness tourism, fitness equipment and preventive & personalized health. Among these, health and wellness food segment is estimated to experience immense growth and is anticipated to register for $1,017.8 million till 2026. Beauty & personal care products segment led the global health and wellness market size in 2018 and is estimated to grow at a 4.5% CAGR in the forecast time.
Health and Wellness Market, Regional Analysis:

The global health and wellness market is analyzed across the regions including North America, Europe, Asia-Pacific and LAMEA. In these, North America generated the highest market share in 2018 and is anticipated to account for $2,519.2 million in 2026. This growth is mainly because of extensive usage of health and wellness services in North America. Along with North America, the Asia-Pacific health and wellness market accounted for the second largest market share in 2018; it was valued over $1,324.4 million and is projected to grow at notable rate throughout the estimated time.

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Key players in the global health and wellness market:

Top gaining participants in the global health and wellness market are B. Braun Melsungen AG, Abbott, L’Oréal, General Mills Inc., Nestlé, Omron Healthcare, Inc., Animas LLC, Koninklijke Philips N.V., The Coca-Cola Company, LifeScan, Medtronic, Johnson & Johnson Services, Inc. and F. Hoffmann-La Roche Ltd. These participants are increasing their efforts to improve the product performance, introducing new technologies, working on geographical expansions and acquisitions to raise their position in the overall health and wellness industry.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


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