Product Code: A29258
The global health and wellness market is estimated to garner $12.9 trillion by 2031, increasing from $4,7 trillion in 2021 at a CAGR of 10.9% from 2022 to 2031.
One of the primary reasons driving market expansion is the rising incidence of chronic lifestyle illnesses throughout the world. Cases of blood pressure, diabetes, asthma, arthritis, dementia, and other stress-related ailments are on the rise as a result of sedentary lifestyles and demanding schedules. This has inspired people to engage in different health-related activities such as yoga, meditation, and athletics. Furthermore, the rising trend of employing wearable devices, such as fitness bands and trackers, is boosting market growth.
Increase in awareness of wellness and changes in lifestyle has led clients to select different wellness services such as spas, gyms, clubs, and so on, to live a balanced and healthy life. These services are costly and can only be purchased by persons earning minimum wages. This factor is expected to hamper the market growth.
The integration of digital devices and technology in the health and wellness market has resulted in the introduction of fitness bands, trackers, and other wearable devices. Furthermore, the growing female population is fueling the expansion of beauty and anti-aging goods. The cosmetics business is a significant contribution to the worldwide health and wellness market. Furthermore, the fast-increasing sales of men's cosmetics are fueling industry growth. Another significant driver is the increase in demand for functional and healthful food items. Consumers' heightened health consciousness has driven them to purchase more nutritious food products.
Sustainability and hand care premiumization are key beauty and personal care trends that are converting into income opportunities for organizations in the health and wellness industry. The COVID-19 outbreak has heightened the need for sustainability in personal care products. Personal care firms are stressing sustainability by ensuring the eco-friendliness of pop-up store designs and kiosks. Personal care bottles and containers are constructed of recyclable materials. Companies in the health and wellness market are increasing the availability of alcohol-based hand sanitizers due to the pandemic. They are creating hand purifying gels to meet the hygienic needs of customers. Multi-functional hand care products are becoming increasingly popular in the market.
The key players profiled in this report include: Abbott, B. Braun Melsungen AG, L'Oreal, Nestle, General Mills Inc., Omron Healthcare, Inc., Medtronic, Koninklijke Philips N.V., LifeScan, Animas LLC, Johnson & Johnson Services, Inc., The Coca-Cola Company, and F. Hoffmann-La Roche Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the health and wellness market analysis from 2021 to 2031 to identify the prevailing health and wellness market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the health and wellness market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global health and wellness market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Beauty Personal Care Products
- Health Wellness Food
- Wellness Tourism
- Fitness Equipment
- Others
By Region
- North America
- Europe
- United Kingdom
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- British Indian Ocean Territory
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- UAE
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Abbott Laboratories
- B. Braun Melsungen AG
- L'Oreal
- Nestle
- General Mills Inc.
- Omron Healthcare, Inc.
- Medtronic, Inc.
- Koninklijke Philips N.V.
- lifescan
- Animas LLC
- Johnson & Johnson Services, Inc.
- F. Hoffmann-La Roche Ltd
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Market dynamics
- 3.4.1.Drivers
- 3.4.2.Restraints
- 3.4.3.Opportunities
- 3.5.COVID-19 Impact Analysis on the market
- 3.6.Value Chain Analysis
- 3.7.Market Share Analysis
- 3.8.Regulatory Guidelines
- 3.9.Key Regulation Analysis
- 3.10.Patent Landscape
CHAPTER 4: HEALTH AND WELLNESS MARKET, BY PRODUCT TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2. Beauty & Personal Care Products
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
- 4.3. Health & Wellness Food
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
- 4.4. Wellness Tourism
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market share analysis by country
- 4.5. Fitness Equipment
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market share analysis by country
- 4.6. Others
- 4.6.1 Key market trends, growth factors and opportunities
- 4.6.2 Market size and forecast, by region
- 4.6.3 Market share analysis by country
CHAPTER 5: HEALTH AND WELLNESS MARKET, BY REGION
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 North America
- 5.2.1 Key trends and opportunities
- 5.2.2 North America Market size and forecast, by Product Type
- 5.2.3 North America Market size and forecast, by country
- 5.2.3.1 U.S.
- 5.2.3.1.1 Key market trends, growth factors and opportunities
- 5.2.3.1.2 Market size and forecast, by Product Type
- 5.2.3.2 Canada
- 5.2.3.2.1 Key market trends, growth factors and opportunities
- 5.2.3.2.2 Market size and forecast, by Product Type
- 5.2.3.3 Mexico
- 5.2.3.3.1 Key market trends, growth factors and opportunities
- 5.2.3.3.2 Market size and forecast, by Product Type
- 5.3 Europe
- 5.3.1 Key trends and opportunities
- 5.3.2 Europe Market size and forecast, by Product Type
- 5.3.3 Europe Market size and forecast, by country
- 5.3.3.1 United Kingdom
- 5.3.3.1.1 Key market trends, growth factors and opportunities
- 5.3.3.1.2 Market size and forecast, by Product Type
- 5.3.3.2 Germany
- 5.3.3.2.1 Key market trends, growth factors and opportunities
- 5.3.3.2.2 Market size and forecast, by Product Type
- 5.3.3.3 France
- 5.3.3.3.1 Key market trends, growth factors and opportunities
- 5.3.3.3.2 Market size and forecast, by Product Type
- 5.3.3.4 Spain
- 5.3.3.4.1 Key market trends, growth factors and opportunities
- 5.3.3.4.2 Market size and forecast, by Product Type
- 5.3.3.5 Italy
- 5.3.3.5.1 Key market trends, growth factors and opportunities
- 5.3.3.5.2 Market size and forecast, by Product Type
- 5.3.3.6 Rest of Europe
- 5.3.3.6.1 Key market trends, growth factors and opportunities
- 5.3.3.6.2 Market size and forecast, by Product Type
- 5.4 Asia-Pacific
- 5.4.1 Key trends and opportunities
- 5.4.2 Asia-Pacific Market size and forecast, by Product Type
- 5.4.3 Asia-Pacific Market size and forecast, by country
- 5.4.3.1 China
- 5.4.3.1.1 Key market trends, growth factors and opportunities
- 5.4.3.1.2 Market size and forecast, by Product Type
- 5.4.3.2 British Indian Ocean Territory
- 5.4.3.2.1 Key market trends, growth factors and opportunities
- 5.4.3.2.2 Market size and forecast, by Product Type
- 5.4.3.3 Japan
- 5.4.3.3.1 Key market trends, growth factors and opportunities
- 5.4.3.3.2 Market size and forecast, by Product Type
- 5.4.3.4 South Korea
- 5.4.3.4.1 Key market trends, growth factors and opportunities
- 5.4.3.4.2 Market size and forecast, by Product Type
- 5.4.3.5 Australia
- 5.4.3.5.1 Key market trends, growth factors and opportunities
- 5.4.3.5.2 Market size and forecast, by Product Type
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.3.6.1 Key market trends, growth factors and opportunities
- 5.4.3.6.2 Market size and forecast, by Product Type
- 5.5 LAMEA
- 5.5.1 Key trends and opportunities
- 5.5.2 LAMEA Market size and forecast, by Product Type
- 5.5.3 LAMEA Market size and forecast, by country
- 5.5.3.1 Brazil
- 5.5.3.1.1 Key market trends, growth factors and opportunities
- 5.5.3.1.2 Market size and forecast, by Product Type
- 5.5.3.2 UAE
- 5.5.3.2.1 Key market trends, growth factors and opportunities
- 5.5.3.2.2 Market size and forecast, by Product Type
- 5.5.3.3 Saudi Arabia
- 5.5.3.3.1 Key market trends, growth factors and opportunities
- 5.5.3.3.2 Market size and forecast, by Product Type
- 5.5.3.4 South Africa
- 5.5.3.4.1 Key market trends, growth factors and opportunities
- 5.5.3.4.2 Market size and forecast, by Product Type
- 5.5.3.5 Rest of LAMEA
- 5.5.3.5.1 Key market trends, growth factors and opportunities
- 5.5.3.5.2 Market size and forecast, by Product Type
CHAPTER 6: COMPETITIVE LANDSCAPE
- 6.1. Introduction
- 6.2. Top winning strategies
- 6.3. Product Mapping of Top 10 Player
- 6.4. Competitive Dashboard
- 6.5. Competitive Heatmap
- 6.6. Top player positioning, 2021
CHAPTER 7: COMPANY PROFILES
- 7.1 Abbott Laboratories
- 7.1.1 Company overview
- 7.1.2 Key Executives
- 7.1.3 Company snapshot
- 7.1.4 Operating business segments
- 7.1.5 Product portfolio
- 7.1.6 Business performance
- 7.1.7 Key strategic moves and developments
- 7.2 B. Braun Melsungen AG
- 7.2.1 Company overview
- 7.2.2 Key Executives
- 7.2.3 Company snapshot
- 7.2.4 Operating business segments
- 7.2.5 Product portfolio
- 7.2.6 Business performance
- 7.2.7 Key strategic moves and developments
- 7.3 L'Oreal
- 7.3.1 Company overview
- 7.3.2 Key Executives
- 7.3.3 Company snapshot
- 7.3.4 Operating business segments
- 7.3.5 Product portfolio
- 7.3.6 Business performance
- 7.3.7 Key strategic moves and developments
- 7.4 Nestle
- 7.4.1 Company overview
- 7.4.2 Key Executives
- 7.4.3 Company snapshot
- 7.4.4 Operating business segments
- 7.4.5 Product portfolio
- 7.4.6 Business performance
- 7.4.7 Key strategic moves and developments
- 7.5 General Mills Inc.
- 7.5.1 Company overview
- 7.5.2 Key Executives
- 7.5.3 Company snapshot
- 7.5.4 Operating business segments
- 7.5.5 Product portfolio
- 7.5.6 Business performance
- 7.5.7 Key strategic moves and developments
- 7.6 Omron Healthcare, Inc.
- 7.6.1 Company overview
- 7.6.2 Key Executives
- 7.6.3 Company snapshot
- 7.6.4 Operating business segments
- 7.6.5 Product portfolio
- 7.6.6 Business performance
- 7.6.7 Key strategic moves and developments
- 7.7 Medtronic, Inc.
- 7.7.1 Company overview
- 7.7.2 Key Executives
- 7.7.3 Company snapshot
- 7.7.4 Operating business segments
- 7.7.5 Product portfolio
- 7.7.6 Business performance
- 7.7.7 Key strategic moves and developments
- 7.8 Koninklijke Philips N.V.
- 7.8.1 Company overview
- 7.8.2 Key Executives
- 7.8.3 Company snapshot
- 7.8.4 Operating business segments
- 7.8.5 Product portfolio
- 7.8.6 Business performance
- 7.8.7 Key strategic moves and developments
- 7.9 lifescan
- 7.9.1 Company overview
- 7.9.2 Key Executives
- 7.9.3 Company snapshot
- 7.9.4 Operating business segments
- 7.9.5 Product portfolio
- 7.9.6 Business performance
- 7.9.7 Key strategic moves and developments
- 7.10 Animas LLC
- 7.10.1 Company overview
- 7.10.2 Key Executives
- 7.10.3 Company snapshot
- 7.10.4 Operating business segments
- 7.10.5 Product portfolio
- 7.10.6 Business performance
- 7.10.7 Key strategic moves and developments
- 7.11 Johnson & Johnson Services, Inc.
- 7.11.1 Company overview
- 7.11.2 Key Executives
- 7.11.3 Company snapshot
- 7.11.4 Operating business segments
- 7.11.5 Product portfolio
- 7.11.6 Business performance
- 7.11.7 Key strategic moves and developments
- 7.12 F. Hoffmann-La Roche Ltd
- 7.12.1 Company overview
- 7.12.2 Key Executives
- 7.12.3 Company snapshot
- 7.12.4 Operating business segments
- 7.12.5 Product portfolio
- 7.12.6 Business performance
- 7.12.7 Key strategic moves and developments