Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5,244 Billion | USD 8,946 Billion | 6.9% | 2022 |
FrequentlyAsked Questions
Health & wellness is a term that encompasses a slew of services, product offerings, and techniques that help individuals retain fitness.
The global health and wellness market growth over forecast period can be owing to a surge in the incidences of mental disorders such as anxiety and depression in individuals are likely to result in a huge demand for health & wellness products.
According to a study, the global health and wellness industry size was $5,244 billion in 2022 and is projected to reach $8,946 billion by the end of 2030.
The global health and wellness market is anticipated to record a CAGR of nearly 6.9% from 2023 to 2030.
The Asia-Pacific is set to dominate the global health and wellness industry over the forecasting timeline owing to rising awareness about obesity along with the rise in the promotion of benefits of physical activities & sports events by various governments in the region. Apart from this, the presence of strong healthcare infrastructure facilities and medical systems in countries such as India, China, Japan, South Korea, and Taiwan will scale up the growth of the industry in the Asia-Pacific region.
The global health and wellness market is led by players such as Abbott Laboratories, Amway Corp., The Estée Lauder Companies Inc., THE BOUNTIFUL COMPANY, Grand Resort Bad Ragaz, L'Oréal S.A., BioThrive Sciences, COMO Hotels and Resorts, Herbalife Nutrition Ltd., Lift Brands, BodyHoliday Saint Lucia, Anytime Fitness LLC, Unilever plc, Healing Holidays (Cleveland Travel Ltd.), and SOUKYA International Holistic Health Centre.
The global health and wellness market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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