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 and Weight Management, Heart and gut Health, Immunity, Bone Health, Skin Health, Others) and Geography  

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Health and Wellness market size was valued at USD 1,347.3 billion in 2022 and is poised to grow at a significant CAGR of 6.5% from 2023-2029. 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 is anticipated to grow at a significant CAGR over the forecast years owing to increased commercialization of these sports nutrients and the 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 products have entered the food sector. Furthermore, the usage of these products by multiple end-users such as sports 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 acquisitions to maintain the growth in the market. The increasing prevalence of chronic lifestyle diseases across the globe, rapid urbanization, and rising disposable incomes, coupled with the rise in the number of health-conscious consumers across the globe, are a few factors driving the industry's growth over the forecasting period.

Health and Wellness market 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 Este 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 Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.5%

Largest Market

North American

Fastest Growing Market

Asia-Pacific
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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • 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

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
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The health and wellness market size was valued at USD 1,347.3 billion in 2022

The health and wellness market's key players are: Amway Corp Danone David Lloyd Leisure Ltd. Fitness First Herbalife Nutrition Ltd. Holland & Barrett Retail Limited L'Oral SA Nestl SA, Procter & Gamble Unilever Plc

The health and wellness market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

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, 2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1. Functional Foods and Beverages
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029
6.1. Nutrition & Weight Management
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.8. North America
6.8.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029
7. North America Health and Wellness Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
7.5. North America Health and Wellness Market Dynamics Trends
8. Europe Health and Wellness Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
8.5. Europe Health and Wellness Market Dynamics Trends
9. Asia-Pacific Health and Wellness Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
9.5. Asia-Pacific Health and Wellness Market Dynamics Trends
10. Latin America Health and Wellness Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
10.5. Latin America Health and Wellness Market Dynamics Trends
11. Middle East and Africa Health and Wellness Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
11.1. By Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
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'Oral SA
12.2.8.  Nestl SA,
12.2.9. Procter & Gamble
12.2.10. Unilever Plc
12.2.11. Vitabiotics Ltd
13. Research Methodology
14. Key Assumptions and Acronyms
  • Amway Corp
  • Danone
  • David Lloyd Leisure Ltd.
  • Fitness First
  • Herbalife Nutrition Ltd.
  • Holland & Barrett Retail Limited
  • L'Oral SA
  • Nestl SA,
  • Procter & Gamble
  • Unilever Plc

Adjacent Markets