Global Health and Wellness Market Insights
Global Health and Wellness Market size was valued at USD 4712.5 billion in 2021 and is poised to grow from USD 5226.16 billion in 2022 to USD 11957.36 billion by 2030, growing at a CAGR of 10.9% in the forecast period (2023-2030).
The growth of the global market is attributed to increasing prevalence of chronic diseases such as blood pressure, diabetes, asthma, arthritis, cancer, dementia, and others. This encouraged the adoption of various healthcare activities such as yoga, meditation, and athletics. In addition, the increasing use of wearable devices such as fitness bands and trackers, rapid urbanizations, increasing disposable income, increase in the number of health-conscious people are the factors which help to propel the market growth.
Rapid growth of wellness tourism and mineral spas sectors also drive the market. Spa operator used specialized therapeutic water such as iodine-bromine and Malinskaya mineral water to treat various cardiovascular alignment, circulation disorders, asthma, and others. Wellness tourism takes activities such as meditating at destination, practicing yoga, visiting agricultural fields, and various recreational activities for physical and mental well-being.
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Top Player's Company Profiles:
- Nestle SA
- PepsiCo, Inc.
- The Coca-Cola Company
- Johnson & Johnson
- Procter & Gamble Co.
- Unilever NV
- L'Oreal SA
- Abbott Laboratories
- General Mills, Inc.
- GlaxoSmithKline plc
- Herbalife Nutrition Ltd.
- Amway Corporation
- Kellogg Company
- Reckitt Benckiser Group plc
- GNC Holdings Inc.
- Medtronic plc
- The Nature's Bounty Co.
- The Hershey Company
- Danone SA
- Colgate-Palmolive Company
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