Health and Wellness Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Health and Wellness Market: By Product Type (Functional Foods and Beverages, Beauty and Personal Care Products, Preventive and Personalized Medicinal Products, Others), By Functionality (Nutrition & Weight Management, Heart & Gut Health, Immunity, Bone Health, Skin Health, Others) and Geography

 

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Report

Description

Health and Wellness market Size is estimated to be valued at USD 1,347.3 billion in 2021 and is poised to grow at a significant CAGR of 6.5% over 2022-2028. The condition of total well-being of the body, mind, and soul is referred to as health and wellness. Personal care/beauty, nutrition, weight control, exercise, preventive/personalized medicine, and so on are all essential parts of the health and wellness market.The Functional food segment anticipated to grow at significant CAGR over the forecast years owing increased commercialization of these sports nutrients and availability of a diverse product range, including creatine and whey protein-based functional foods. Moreover, demand for functional food has increased over the last decade as new product have entered the food sector. Furthermore, the usage of these products by multiple end-users such as sport nutrition, clinical nutrition, and weight management is likely to boost the segment of this market. Moreover, market players are focusing on launching new products and acquisition to maintain the growth in the market. For instance, In June 2021, Unilever signed an agreement to acquire leading digital-led skin care brand Paula’s Choice from TA Associates. Paula’s Choice is a pioneer of science-backed products and direct to consumer (DTC) eCommerce.The increasing prevalence of chronic lifestyle diseases across the globe, rapid urbanization, and rising disposable incomes, coupled with the rising in the number of health-conscious consumers across the globe, are a few factors driving the industry’s growth over the forecasting period.

Key Developments:

In June 2021, Unilever signed up a collaboration deal with the food-tech business ENOUGH in June 2021 to manufacture plant-based meat products for the market.

In May 2021, The Estée Lauder Companies Inc. has completed the first step of growing its stake in DECIEM Beauty Group Inc., a vertically integrated, multi-brand firm located in Canada. The corporation now owns 76% of DECIEM (up from 29%) and has pledged to buy the remaining shares after three years at a price decided by DECIEM’s future performance.

Health and Wellness Market

MARKET SUMMARY
-
6.5%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 6.5%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

Health and Wellness Market

  • The health and wellness market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The health and wellness market is segmented based on product type, functionality, and geography.
Key Players
  • Amway Corp
  • Danone
  • David Lloyd Leisure Ltd.
  • Fitness First
  • Herbalife Nutrition Ltd.
Health and Wellness Market Dynamics

One of the key causes driving market expansion is the increasing incidence of chronic lifestyle diseases worldwide. Diabetes, high blood pressure, asthma, arthritis, cancer, dementia, and other stress-related ailments are rising because of sedentary lifestyles and demanding schedules. This has encouraged people to participate in health-related activities such as yoga, meditation, and athletics. Furthermore, the growing trend of adopting wearable devices, such as fitness bands and trackers, is boosting the market growth. Moreover, the primary factors expected to impede the growth of the worldwide diagnostic electrocardiograph (DECG) market are a lack of public knowledge regarding the usage of electrographs for the diagnosis of cardiovascular disorders and a paucity of experienced employees to operate electrograph equipment.


North America Got Significant Share

Health and Wellness Market

The Health and Wellness market in North America is likely to hold the highest revenue share in 2021, and the same trend is expected over the forecast period because of the widespread use of health and wellness services and goods in industrialized nations such as the United States and Canada Furthermore, the rising prevalence of chronic illnesses, as well as key manufacturers boosting the number of product releases in these nations, are expected to fuel market growth throughout the forecast period. Because chronic illnesses are so common

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Health and Wellness Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The health and wellness market is projected to expand at a CAGR of 6.5% during the forecast period

Amway Corp, Danone, David Lloyd Leisure Ltd., Fitness First, Herbalife Nutrition Ltd., Holland & Barrett Retail Limited, L’Oréal SA, Nestlé SA,, Procter & Gamble, Unilever Plc

North America is the fastest-growing region for health and wellness market


Report

Table Of Content

1. Executive Summary
2. Global Health and Wellness Market Introduction
2.1. Global Health and Wellness Market – Taxonomy
2.2. Global Health and Wellness Market –Definitions
2.2.1. By Product Type
2.2.2. By Functionality
2.2.3. Region
3. Global Health and Wellness Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Health and Wellness Market Dynamic Factors – Impact Analysis
3.6. Global Health and Wellness Market – Competition Landscape
4. Global Health and Wellness Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Health and Wellness Market, By Product Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. Functional Foods and Beverages
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Beauty and Personal Care Products
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Preventive and Personalized Medicinal Products
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Others
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Health and Wellness Market Forecast, Breakup by Functionality, 2017 – 2021 and Forecast, 2022 – 2028
6.1. Nutrition & Weight Management
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Heart & Gut Health
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Immunity
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Bone Health
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Skin Health
6.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Others
6.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
6.7. Global Health and Wellness Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.8. North America
6.8.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.8.3. Market Opportunity Analysis
6.9. Europe
6.9.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.9.3. Market Opportunity Analysis
6.10. Asia-Pacific
6.10.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.10.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.10.3. Market Opportunity Analysis
6.11. Latin America
6.11.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.11.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.11.3. Market Opportunity Analysis
6.12. Middle East and Africa
6.12.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.12.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.12.3. Market Opportunity Analysis
6.13. Global Health and Wellness Market – Opportunity Analysis Index, By Product Type, Functionality, and Region, 2022 – 2028
7. North America Health and Wellness Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1. By Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
7.1.1. Functional Foods and Beverages
7.1.2. Beauty and Personal Care Products
7.1.3. Preventive and Personalized Medicinal Products
7.1.4. Others
7.2. By Functionality Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
7.2.1. Nutrition & Weight Management
7.2.2. Heart & Gut Health
7.2.3. Immunity
7.2.4. Bone Health
7.2.5. Skin Health
7.2.6. Others
7.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
7.3.1. USA
7.3.2. Canada
7.4. North America Health and Wellness Market – Opportunity Analysis Index, By Product Type, Functionality, and Country, 2022 – 2028
7.5. North America Health and Wellness Market Dynamics – Trends
8. Europe Health and Wellness Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. By Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Functional Foods and Beverages
8.1.2. Beauty and Personal Care Products
8.1.3. Preventive and Personalized Medicinal Products
8.1.4. Others
8.2. By Functionality Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.2.1. Nutrition & Weight Management
8.2.2. Heart & Gut Health
8.2.3. Immunity
8.2.4. Bone Health
8.2.5. Skin Health
8.2.6. Others
8.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. Germany
8.3.2. UK
8.3.3. France
8.3.4. Spain
8.3.5. Italy
8.3.6. Rest of Europe
8.4. Europe Health and Wellness Market – Opportunity Analysis Index, By Product Type, Functionality, and Country, 2022 – 2028
8.5. Europe Health and Wellness Market Dynamics – Trends
9. Asia-Pacific Health and Wellness Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. By Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Functional Foods and Beverages
9.1.2. Beauty and Personal Care Products
9.1.3. Preventive and Personalized Medicinal Products
9.1.4. Others
9.2. By Functionality Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Nutrition & Weight Management
9.2.2. Heart & Gut Health
9.2.3. Immunity
9.2.4. Bone Health
9.2.5. Skin Health
9.2.6. Others
9.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Japan
9.3.2. China
9.3.3. India
9.3.4. ASEAN
9.3.5. Australia & New Zealand
9.3.6. Rest of Asia-Pacific
9.4. Asia-Pacific Health and Wellness Market – Opportunity Analysis Index, By Product Type, Functionality, and Country, 2022 – 2028
9.5. Asia-Pacific Health and Wellness Market Dynamics – Trends
10. Latin America Health and Wellness Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. By Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Functional Foods and Beverages
10.1.2. Beauty and Personal Care Products
10.1.3. Preventive and Personalized Medicinal Products
10.1.4. Others
10.2. By Functionality Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Nutrition & Weight Management
10.2.2. Heart & Gut Health
10.2.3. Immunity
10.2.4. Bone Health
10.2.5. Skin Health
10.2.6. Others
10.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. Brazil
10.3.2. Mexico
10.3.3. Argentina
10.3.4. Rest of Latin America
10.4. Latin America Health and Wellness Market – Opportunity Analysis Index, By Product Type, Functionality, and Country, 2022 – 2028
10.5. Latin America Health and Wellness Market Dynamics – Trends
11. Middle East and Africa Health and Wellness Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. By Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Functional Foods and Beverages
11.1.2. Beauty and Personal Care Products
11.1.3. Preventive and Personalized Medicinal Products
11.1.4. Others
11.2. By Functionality Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Nutrition & Weight Management
11.2.2. Heart & Gut Health
11.2.3. Immunity
11.2.4. Bone Health
11.2.5. Skin Health
11.2.6. Others
11.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Gulf Cooperation Council (GCC) Countries
11.3.2. Israel
11.3.3. South Africa
11.3.4. Rest of MEA
11.4. MEA Health and Wellness Market – Opportunity Analysis Index, By Product Type, Functionality, and Country, 2022 – 2028
11.5. MEA Health and Wellness Market Dynamics – Trends
12. Competition Landscape 
12.1. Strategic Dashboard of Top Market Players
12.2. Company Profiles (Introduction, Financial Analysis, Functionality & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
12.2.1. Amway Corp
12.2.2. Danone
12.2.3. David Lloyd Leisure Ltd.
12.2.4. Fitness First
12.2.5. Herbalife Nutrition Ltd.
12.2.6. Holland & Barrett Retail Limited
12.2.7. L’Oréal SA
12.2.8.  Nestlé SA,
12.2.9. Procter & Gamble
12.2.10. Unilever Plc
12.2.11. Vitabiotics Ltd
13. Research Methodology
14. Key Assumptions and Acronyms

Report

Company Profile

  • Amway Corp
  • Danone
  • David Lloyd Leisure Ltd.
  • Fitness First
  • Herbalife Nutrition Ltd.
  • Holland & Barrett Retail Limited
  • L’Oréal SA
  • Nestlé SA,
  • Procter & Gamble
  • Unilever Plc

Description

Health and Wellness market Size is estimated to be valued at USD 1,347.3 billion in 2021 and is poised to grow at a significant CAGR of 6.5% over 2022-2028. The condition of total well-being of the body, mind, and soul is referred to as health and wellness. Personal care/beauty, nutrition, weight control, exercise, preventive/personalized medicine, and so on are all essential parts of the health and wellness market.The Functional food segment anticipated to grow at significant CAGR over the forecast years owing increased commercialization of these sports nutrients and availability of a diverse product range, including creatine and whey protein-based functional foods. Moreover, demand for functional food has increased over the last decade as new product have entered the food sector. Furthermore, the usage of these products by multiple end-users such as sport nutrition, clinical nutrition, and weight management is likely to boost the segment of this market. Moreover, market players are focusing on launching new products and acquisition to maintain the growth in the market. For instance, In June 2021, Unilever signed an agreement to acquire leading digital-led skin care brand Paula’s Choice from TA Associates. Paula’s Choice is a pioneer of science-backed products and direct to consumer (DTC) eCommerce.The increasing prevalence of chronic lifestyle diseases across the globe, rapid urbanization, and rising disposable incomes, coupled with the rising in the number of health-conscious consumers across the globe, are a few factors driving the industry’s growth over the forecasting period.

Key Developments:

In June 2021, Unilever signed up a collaboration deal with the food-tech business ENOUGH in June 2021 to manufacture plant-based meat products for the market.

In May 2021, The Estée Lauder Companies Inc. has completed the first step of growing its stake in DECIEM Beauty Group Inc., a vertically integrated, multi-brand firm located in Canada. The corporation now owns 76% of DECIEM (up from 29%) and has pledged to buy the remaining shares after three years at a price decided by DECIEM’s future performance.

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