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Health and Wellness Market By Product Type (Beauty & Personal Care Products, Health & Wellness Food, Wellness Tourism, Fitness Equipment, Others)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Summary
Table Of Content

Key Highlights of the Report

The globally health and wellness market is divided into two parts: product type and geography. The beauty & personal care products sector is the most popular, accounting for nearly 6% of the market, with North America dominating the health and wellness industry.

Several factors are driving the worldwide health and wellness industry, including a Chronic lifestyle disorders are becoming more common, as is the desire for high-performance components in skin care products and anti-aging facial appliances. Furthermore, there are high pricing for goods and services, as well as health dangers. However, the industry confronts substantial hurdles, such as high prices for health and wellness products and services, as well as a lack of knowledge and education in some areas about the benefits of health and wellness activities.

Nonetheless, the global health and wellness market, including Personal Care Products and a New Trend With An Electronic Device Require Sustainability and Hand Care Premiumization, provides considerable potential opportunities. Furthermore, there is a growing understanding of the health benefits of functional meals.

Market Overview

The worldwide health and wellness industry has grown steadily in recent years and is predicted to increase at a 5.80% CAGR between 2023 and 2030. In 2022, the market was worth USD 840.29 billion, and it is predicted to grow to USD 6898.4 billion by 2030.

What Are the Primary Forces Driving the Global Health and Wellness Market?

Several variables influence the worldwide health and wellness market, including a Chronic lifestyle disorders are becoming more common, as is the desire for high-performance components in skin care products and anti-aging facial appliances.

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What Are the Global Health and Wellness Market’s Major Challenges?

The worldwide health and wellness market also confronts a number of problems, including high prices for health and wellness products and services, as well as a lack of knowledge and education in some areas about the benefits of health and wellness activities.

What Are The Growth Opportunities In The Global Health and Wellness Market?

The global health and wellness market offers significant growth opportunities, including Personal Care Products and a New Trend With An Electronic Device Require Sustainability and Hand Care Premiumization

Executive Summary

Overview of the Global Health and Wellness Market

The health and wellness industry is predicted to expand significantly in the future years due to a variety of factors such as rising demand for natural and organic products, an increase in the prevalence of lifestyle diseases, and increased knowledge of the health advantages of functional foods. The market is also being driven by the rising popularity of fitness and wellness programs, as well as the increasing adoption of healthy eating habits and technology improvements in the healthcare industry. However, the market is also constrained by factors such as the high cost of health and wellness products and services, as well as a lack of knowledge and education about the benefits of health and wellness activities in certain locations.

Market Definition

The health and wellness market is defined as the industry that manufactures and sells products and services that enhance physical, mental, and emotional well-being. Food and beverages, beauty and personal care, fitness and wellness, preventive and personalized healthcare, and alternative medicine and therapies are all part of this sector. The increased awareness of the importance of good health and the rising prevalence of lifestyle diseases are driving up demand for health and wellness products and services.

Market Insights

The global demand for health and wellness products was estimated at USD 4648.9 billion in 2022 and is predicted to reach USD 6898.4 billion in 2030, expanding at a 5.80% CAGR between 2023 and 2030.
In 2022, the Beauty & Personal Care Products segment held a 24% share of the market, while the wellness tourism sector, which accounts for approximately 6% of the market, is expected to be the fastest-growing during the projected period.
In 2022, North America dominated the worldwide health and wellness market, while The Asia Pacific area is predicted to have the biggest market (CAGR).
The prevalence of chronic lifestyle diseases is increasing, as is the demand for high-performance ingredients in skin care products and anti-aging facial tools are the major drivers of the market.
At the same time, High prices for goods and services, as well as health risks are the main restraints.
Personal Care Products and a New Trend With An Electronic Device Require Sustainability and Hand Care Premiumization are the major opportunities in the market.

Segmentation by Product type

In 2022, the Beauty & Personal Care Products segment held a 24% share of the market.
The wellness tourism sector, which accounts for approximately 6% of the market, is expected to be the Second fastest-growing during the projected period.
The health and wellness food segment is predicted to have the highest (CAGR).

Segmentation by Region

In 2022, North America dominated the worldwide health and wellness market.
The Asia Pacific area is predicted to have the biggest market (CAGR).
The rest of the World, including Latin America, The Middle East, and Africa, contributes the remainder to the demand for health and wellnesss.

The rising prevalence of chronic lifestyle diseases, as well as the desire for high-performance components in skin care products and anti-aging face tools, can be related to the rising demand for health and wellness products. The market, however, is constrained by high prices for goods and services, as well as health dangers.

North America dominated the worldwide health and wellness market in terms of revenue in 2022 and is expected to maintain its dominance throughout the forecast period. North America is distinguished by increased consumer disposable income, improved health consciousness, increased demand for healthy products, and increased customer awareness of health and wellness items. Furthermore, the presence of several leading industry players, as well as their diverse development strategies, plays a key role in the growth of the North America health and wellness market.

During the forecast period, Asia Pacific is expected to be the most opportunistic market. Asia Pacific has become the most attractive market due to its large population, expanding urbanization, rapid industrialization, favourable government policies to attract FDIs, and enormous potential for growth in all areas of the health and wellness industry. Important economies such as China, India, Japan, and South Korea are important contributors to the health and wellness market’s growth.

Overall, the increasing demand for health and wellness can be attributed to the prevalence of chronic lifestyle diseases is increasing, as is the demand for high-performance ingredients in skin care products and anti-aging facial tools.

Increased frequency of chronic lifestyle diseases

Chronic diseases, also known as non-communicable diseases, commonly manifest in the mid-thirties after a lifetime of unhealthy habits such as a lack of regular exercise, tobacco use, and consumption of diets high in saturated fats, artificial sweeteners, and salt, primarily characterized by “junk foods.” This way of life leads to a higher level of negative outcomes, such as hypertension, hyperlipidemia, diabetes, and being overweight, all of which function independently and additively. Risk factors are frequently misinterpreted or undertreated in health services meant to address acute disorders.

Regular physical activity can improve our general health, physical fitness, and quality of life. Furthermore, it reduces our chances of getting chronic illnesses such as type 2 diabetes, cardiovascular disease, various malignancies, stress, anxiety, and Alzheimer’s.

Strengthening your muscles with intensive training can improve your strength and stamina, make daily tasks easier, delay disease-related muscle weakness, and stabilize joints. Stability training may help to reduce the overall risk of falling, whereas exercise may help us have the best range of motion around our joints so they can perform as efficiently as possible.

The Demand For High-Performance Ingredients In Skincare Products And Anti-Aging Facial Tools Is Increasing

Customers today seek skincare products that deliver visible, long-term results. The potency and amount of a product’s ingredients improve the status of its cosmetics. The name is a combination of the words “pharmaceuticals” and “cosmetics.” A cosmeceutical is a skin care product that contains a physiologically active substance that has a therapeutic impact on the skin. The high-performance extract and component may improve skin appearance by changing the structure and function of the skin.

Anti-aging cosmetics have a big impact on a person’s life since they supply their skin with a tremendous amount of shine and hydration. The cosmetics market offers a wide range of anti-aging cosmetics containing antioxidants such as vitamin C and vitamin E, which help to slow down the skin’s natural degenerative process as we age. These items are widely available in a range of categories, including skincare, eye care, hair care, and others. Skin aging and other skin-related concerns are largely caused by a variety of factors, including an unhealthy lifestyle, the use of nicotine and alcohol, and improper climatic exposure to the skin. These reasons necessitate the use of anti-aging cosmetics. Technological innovation, product diversity, the adoption of a customer-centric strategy, and marketing and branding success are all critical components for enterprises in the antiaging cosmetics sector.

High Cost Of Goods And Services

Tablet supplements are less expensive to produce than capsule supplements. These, however, have significant drawbacks, such as the fact that the binders and fillers make them harder to digest. Although tablets are of higher quality than capsules, liquid supplements, which are typically more expensive, are preferred. This is because liquid vitamins absorb better and contain fewer ingredients. The ingredients’ origin (natural or synthetic) and availability have a considerable impact on the price of a supplement.

Synthetic components have reduced production costs and do not require the management of natural materials from which the essential elements are to be extracted. The quality of synthetic raw materials, however, falls short of that of natural substances.

The bioavailability of the product’s raw ingredients is another factor that may influence the project’s final cost. Furthermore, the availability of most natural components varies throughout the year, and their prices may climb during certain months. These concerns have an impact on the cost of supplement production.

Health Risks

The development of skincare products is being hampered by health concerns related to chemical components in hand sanitizers and surgical scrubs. Excessive alcohol consumption, frequent use of sanitizers, and donning surgical scrubs can all cause skin damage.

Moreover, cosmetics and personal care goods include face and body lotion, foundation and eyeliner, soaps and shampoos, deodorant, hair styling products, hair colours, toothpaste, and nail polish. Although they are considered safe, there are still risks associated with their use, particularly if they are not used appropriately. Some of the potential safety risks with cosmetics and personal care products include eye infections, the spread of germs on the skin, eye irritation and scratches, allergic responses or sensitivity to chemicals. Fire hazards linked with aerosol goods such as hairspray are also predicted to limit industry expansion.

Sustainability And Hand Care Premiumization Are Required For Personal Care Products

The health and wellness market is rapidly expanding as a result of increased demand for environmentally friendly organic food items as well as rising demand for sustainable health and wellness goods and services. Existing manufacturers are boosting technical alliances, acquisitions, and product development to meet product demand; this element is expected to fuel market expansion in the near term.

In addition, Esters can improve the scent, texture, and performance of a wide range of personal care products, including body lotions and creams, baby cleansers, and hair care products. Synthetic chemicals and compounds can often have similar effects, but they may also be dangerous. In contrast, esters are dermatologically safe in personal care products. They are also environmentally friendly because they are biodegradable. The modern consumer is lured to cosmetics that use bio-based oleochemicals as opposed to the synthetic compounds found in the bulk of conventional cosmetics. Most consumers all over the world are willing to pay more for brands that are committed to sustainability. This preference for ostensibly “green” products is especially noticeable among Millennials.

A New Trend With An Electronic Device

Many well-known wearables on the market today, such as Fitbit and the Apple Watch, are designed to encourage better health and fitness. However, several businesses are going a step further and investigating wearable technology that detects and treats medical issues. For diabetics, an artificial pancreas that can deliver insulin automatically and monitor blood sugar levels is being developed. The medical industry is experimenting with wearables that can be implanted beneath the skin to develop this notion. The majority of people are currently unable to monitor all medical actions, but users would be able to do so.

Competitive Landscape

Key Players

The global health and wellness market is highly competitive, with the presence of several key players. Some of the major players in the market and their market share are as follows:

Johnson & Johnson Services, Inc.
Nestle
F. Hoffmann-La Roche Ltd
Animas LLC
B. Braun Melsungen AG
Lifescan
L’Ore
Omron Healthcare, Inc.
Medtronic, Inc.
Abbott Laboratories
General Mills Inc.
Koninklijke Philips N.V.
Others

These companies focus on product innovation, expanding their distribution channels, and mergers and acquisitions to stay ahead in the market.

The major players in the global health and wellness market are constantly striving to stay ahead by introducing new products and innovations.

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

L’Oreal bought Thayers Natural Remedies, a US-based skincare business, in June 2020, with the intention of integrating it into L’Oreal’s Consumer Products Division.

Abbott will release a new Pedialyte Hydration Solution with zinc, prebiotics, and vitamins B12, C, and E in December 2020 to assist promote immunological health. Abbott added four new Pedialyte products to its portfolio: Pedialyte with Immune Support, Pedialyte Sport, Pedialyte Organic, and Pedialyte Electrolyte Water with Zero Sugar.

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Summary of Key Findings

As the prevalence of chronic lifestyle diseases rises, so will the demand for high-performance components in skin care products and anti-aging face appliances, propelling market expansion.
Market segmented by product type and region.
In 2022, the Beauty & Personal Care Products segment held a 24% share of the market.
Asia Pacific is leading market growth; the market is highly competitive with key players including Johnson & Johnson Services, Inc, Nestle, F. Hoffmann-La Roche Ltd and Animas LLC.

Future Outlook

The prevalence of lifestyle diseases is increasing.
Growing understanding of the health advantages of functional foods
Expanding the acceptance of good eating habits
Technological breakthroughs in the medical field
Fitness and health programs are becoming increasingly popular.
A greater emphasis on preventive healthcare
In developing countries, discretionary income is increasing.
Increasing interest in customised nutrition and wellness solutions

Segmentation

By Product Type

- Beauty & Personal Care Products
- Health & Wellness Food
- Wellness Tourism
- Fitness Equipment
- Others
By Region

North America
- Canada
- Mexico
Europe
- Germany
- France
- K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – DataModelling
1.3.2.1. Company Share Analysis Model
1.3.2.2. Revenue Based Modelling
1.3.3. Phase III – Primary Research
1.3.4. Research Limitations
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Health and Wellness Market
2.2. Global Health and Wellness Market, By Product Type
2.3. Global Health and Wellness Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Health and Wellness Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Product Type
3.5.2. Application
3.5.3. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Product Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Product Type Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. OEM Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. GlobalHealth and Wellness Market, By Product Type
7.1. Global Health and Wellness Market Overview, by Product Type
7.1.1. Global Health and Wellness Market Revenue Share, By Product Type, 2022 Vs 2030 (in %)
7.2. Beauty & Personal Care Products
7.2.1. Global Health and Wellness Market, By Region, 2017-2030 (US$ Bn)
7.3. Health & Wellness Food
7.3.1. Global Health and Wellness Market, By Region, 2017-2030 (US$ Bn)
7.4. Wellness Tourism
7.4.1. Global Health and Wellness Market, By Region, 2017-2030 (US$ Bn)
7.5. Fitness Equipment
7.5.1. Global Health and Wellness Market, By Region, 2017-2030 (US$ Bn)
7.6. Others
7.6.1. Global Health and Wellness Market, By Region, 2017-2030 (US$ Bn)

8. Global Health and Wellness Market, By Region
8.1. Global Health and Wellness Market Overview, by Region
8.1.1. Global Health and Wellness Market, By Region, 2022 vs 2030 (in%)
8.2. Product Type
8.2.1. Global Health and Wellness Market, By Product Type, 2017-2030 (US$ Bn)

9. North America Health and Wellness Market Analysis
9.1. North America Health and Wellness Market, by Product Type, 2017-2030(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. North America Health and Wellness Market, by Country, 2017-2030(US$ Bn)
9.2.1. North America Health and Wellness Market, by Country, 2022 Vs 2030 (in%)
9.2.2. U.S.
9.2.2.1. U.S. Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
9.2.2.2. U.S. Health and Wellness, By Product Type, 2017-2030(US$ Bn)
9.2.3. Canada
9.2.3.1. Canada Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
9.2.3.2. Canada Health and Wellness, By Product Type, 2017-2030(US$ Bn)
9.2.4. Mexico
9.2.4.1. Mexico Health and Wellness Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.2.4.2. Mexico Health and Wellness, By Product Type, 2017-2030 (US$ Bn)

10. Europe Health and Wellness Market Analysis
10.1. Europe Health and Wellness Market, by Product Type, 2017-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Europe Health and Wellness Market, by Country, 2017-2030(US$ Bn)
10.2.1. Europe Health and Wellness Market, by Country, 2022 Vs 2030 (in%)
10.2.2. Germany
10.2.2.1. Germany Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
10.2.2.2. Germany Health and Wellness, By Product Type, 2017-2030(US$ Bn)
10.2.3. France
10.2.3.1. France Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
10.2.3.2. France Health and Wellness, By Product Type, 2017-2030(US$ Bn)
10.2.4. UK
10.2.4.1. UK Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
10.2.4.2. UK Health and Wellness, By Product Type, 2017-2030(US$ Bn)
10.2.5. Italy
10.2.5.1. Italy Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
10.2.5.2. Italy Health and Wellness, By Product Type, 2017-2030(US$ Bn)
10.2.6. Spain
10.2.6.1. Spain Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
10.2.6.2. Spain Health and Wellness, By Product Type, 2017-2030(US$ Bn)
10.2.7. Rest of Europe
10.2.7.1. Rest of Europe Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
10.2.7.2. Rest of Europe Health and Wellness, By Product Type, 2017-2030(US$ Bn)

11. Asia Pacific Health and Wellness Market Analysis
11.1. Asia Pacific Health and Wellness Market, by Product Type, 2017-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Asia Pacific Health and Wellness Market, by Country, 2017-2030(US$ Bn)
11.2.1. Asia Pacific Health and Wellness Market, by Country, 2022 Vs 2030 (in%)
11.2.2. China
11.2.2.1. China Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
11.2.2.2. China Health and Wellness, By Product Type, 2017-2030(US$ Bn)
11.2.3. Japan
11.2.3.1. Japan Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
11.2.3.2. Japan Health and Wellness, By Product Type, 2017-2030(US$ Bn)
11.2.4. India
11.2.4.1. India Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
11.2.4.2. India Health and Wellness, By Product Type, 2017-2030(US$ Bn)
11.2.5. South Korea
11.2.5.1. South Korea Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
11.2.5.2. South Korea Health and Wellness, By Product Type, 2017-2030(US$ Bn)
11.2.6. South-East Asia
11.2.6.1. South-East Asia Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
11.2.6.2. South-East Asia Health and Wellness, By Product Type, 2017-2030(US$ Bn)
11.2.7. Rest of Asia Pacific
11.2.7.1. Rest of Asia Pacific Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
11.2.7.2. Rest of Asia Pacific Health and Wellness, By Product Type, 2017-2030(US$ Bn)

12. Latin America Health and Wellness Market Analysis
12.1. Latin America Health and Wellness Market, by Product Type, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Latin America Health and Wellness Market, by Country, 2017-2030(US$ Bn)
12.2.1. Latin America Health and Wellness Market, by Country, 2022 Vs 2030 (in%)
12.2.2. Brazil
12.2.2.1. Brazil Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
12.2.2.2. Brazil Health and Wellness, By Product Type, 2017-2030(US$ Bn)
12.2.3. Argentina
12.2.3.1. ArgentinaHealth and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
12.2.3.2. ArgentinaHealth and Wellness, By Product Type, 2017-2030(US$ Bn)
12.2.4. Rest of Latin America
12.2.4.1. Rest of Latin America Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
12.2.4.2. Rest of Latin America Health and Wellness, By Product Type, 2017-2030(US$ Bn)

13. Middle East and Africa Health and Wellness Market Analysis
13.1. Middle East and Africa Health and Wellness Market, by Product Type, 2017-2030(US$ Bn)
13.1.1. Overview
13.1.2. SRC Analysis
13.2. Middle East and Africa Health and Wellness Market, by Country, 2017-2030(US$ Bn)
13.2.1. Middle East and Africa Health and Wellness Market, by Country, 2022 Vs 2030 (in%)
13.2.2. GCC Countries
13.2.2.1. GCC Countries Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
13.2.2.2. GCC Countries Health and Wellness, By Product Type, 2017-2030(US$ Bn)
13.2.3. South Africa
13.2.3.1. South Africa Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
13.2.3.2. South Africa Health and Wellness, By Product Type, 2017-2030(US$ Bn)
13.2.4. Rest of Middle East and Africa
13.2.4.1. Rest of Middle East and Africa Health and Wellness Market Estimates and Forecast, 2017-2030(US$ Bn)
13.2.4.2. Rest of Middle East and Africa Health and Wellness, By Product Type, 2017-2030(US$ Bn)

14. Company Profiles
14.1. Johnson & Johnson Services, Inc
14.1.1. Company Overview
14.1.2. Products/Services Portfolio
14.1.3. Geographical Presence
14.1.4. Financial Summary
14.1.4.1. Market Revenue and Net Profit (2019-2022)
14.1.4.2. Business Segment Revenue Analysis
14.1.4.3. Geographical Revenue Analysis
14.2. Nestle
14.3. F. Hoffmann-La Roche Ltd
14.4. Animas LLC
14.5. B. Braun Melsungen AG
14.6. Lifescan
14.7. L’Ore
14.8. Omron Healthcare, Inc.
14.9. Medtronic, Inc.
14.10. Abbott Laboratories
14.11. General Mills Inc.
14.12. Koninklijke Philips N.V.

List of Figures
FIG. 1 Global Health and Wellness Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Health and Wellness Market Segmentation
FIG. 4 Global Health and Wellness Market, by Product Type, 2022(US$ Bn)
FIG. 5 Global Health and Wellness Market, by Geography, 2022(US$ Bn)
FIG. 6 Attractive Investment Proposition, by Product Type, 2022
FIG. 7 Attractive Investment Proposition, by Geography, 2022
FIG. 8 Global Market Share Analysis of Key Health and Wellness Market Manufacturers, 2022
FIG. 9 Global Market Positioning of Key Health and Wellness Market Manufacturers, 2022
FIG. 10 Global Health and Wellness Market Value Contribution, By Product Type, 2022&2030 (Value %)
FIG. 11 Global Health and WellnessMarket, by Beauty & Personal Care Products, Value, 2017-2030(US$ Bn)
FIG. 12 Global Health and WellnessMarket, by Health & Wellness Food, Value, 2017-2030(US$ Bn)
FIG. 13 Global Health and WellnessMarket, by Wellness Tourism, Value, 2017-2030(US$ Bn)
FIG. 14 Global Health and WellnessMarket, by Fitness Equipment, Value, 2017-2030(US$ Bn)
FIG. 15 Global Health and WellnessMarket, by Others, Value, 2017-2030(US$ Bn)
FIG. 16 North America Health and Wellness Market, 2017-2030 (US$ Bn)
FIG. 17 U.S. Health and Wellness Market, 2017-2030(US$ Bn)
FIG. 18 Canada Health and Wellness Market, 2017-2030(US$ Bn)
FIG. 19 Europe Health and Wellness Market, 2017-2030 (US$ Bn)
FIG. 20 Germany Health and Wellness Market, 2017-2030(US$ Bn)
FIG. 21 FranceHealth and Wellness Market, 2017-2030(US$ Bn)
FIG. 22 U.K. Health and Wellness Market, 2017-2030(US$ Bn)
FIG. 23 ItalyHealth and Wellness Market, 2017-2030(US$ Bn)
FIG. 24 Spain Health and Wellness Market, 2017-2030(US$ Bn)
FIG. 25 Rest of Europe Health and Wellness Market, 2017-2030(US$ Bn)
FIG. 26 Asia Pacific Health and Wellness Market, 2017-2030 (US$ Bn)
FIG. 27 China Health and Wellness Market, 2017-2030(US$ Bn)
FIG. 28 Japan Health and Wellness Market, 2017-2030(US$ Bn)
FIG. 29 IndiaHealth and Wellness Market, 2017-2030(US$ Bn)
FIG. 30 South KoreaHealth and Wellness Market, 2017-2030(US$ Bn)
FIG. 31 South-East AsiaHealth and Wellness Market, 2017-2030(US$ Bn)
FIG. 32 Rest of Asia Pacific Health and Wellness Market, 2017-2030(US$ Bn)
FIG. 33 Latin AmericaHealth and Wellness Market, 2017-2030(US$ Bn)
FIG. 34 Brazil Health and Wellness Market, 2017-2030(US$ Bn)
FIG. 35 Mexico Health and Wellness Market, 2017-2030(US$ Bn)
FIG. 36 Rest of Latin AmericaHealth and Wellness Market, 2017-2030(US$ Bn)
FIG. 37 Middle East & AfricaHealth and Wellness Market, 2017-2030(US$ Bn)
FIG. 38 GCC CountriesHealth and Wellness Market, 2017-2030(US$ Bn)
FIG. 39 South AfricaHealth and Wellness Market, 2017-2030(US$ Bn)
FIG. 40 Rest of Middle East and AfricaHealth and Wellness Market, 2017-2030(US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Health and WellnessMarket
TABLE 2 Global Health and Wellness Market: Market Drivers Impact Analysis
TABLE 3 Global Health and Wellness Market: Market Restraints Impact Analysis
TABLE 4 Global Health and Wellness Market, by Competitive Benchmarking,2022
TABLE 5 Global Health and Wellness Market, by Geographical Presence Analysis, 2022
TABLE 6 Global Health and Wellness Market, by Key Strategies Analysis, 2022
TABLE 7 Global Health and Wellness Market, by Beauty & Personal Care Products, By Region, 2017-2022(US$ Bn)
TABLE 8 Global Health and Wellness Market, by Beauty & Personal Care Products, By Region, 2023-2030(US$ Bn)
TABLE 9 Global Health and Wellness Market, by Health & Wellness Food, By Region, 2017-2022(US$ Bn)
TABLE 10 Global Health and Wellness Market, by Health & Wellness Food, By Region, 2023-2030(US$ Bn)
TABLE 11 Global Health and Wellness Market, by Wellness Tourism, By Region, 2017-2022(US$ Bn)
TABLE 12 Global Health and Wellness Market, by Wellness Tourism, By Region, 2023-2030(US$ Bn)
TABLE 13 Global Health and Wellness Market, by Fitness Equipment, By Region, 2017-2022(US$ Bn)
TABLE 14 Global Health and Wellness Market, by Fitness Equipment, By Region, 2023-2030(US$ Bn)
TABLE 15 Global Health and Wellness Market, by Others, By Region, 2017-2022(US$ Bn)
TABLE 16 Global Health and Wellness Market, by Others, By Region, 2023-2030(US$ Bn)
TABLE 17 Global Health and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 18 Global Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 19 GlobalHealth and Wellness Market, by Region, 2017-2022(US$ Bn)
TABLE 20 GlobalHealth and Wellness Market, by Region, 2023-2030(US$ Bn)
TABLE 21 North AmericaHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 22 North America Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 23 North AmericaHealth and Wellness Market, by Country, 2017-2022(US$ Bn)
TABLE 24 North AmericaHealth and Wellness Market, by Country, 2023-2030(US$ Bn)
TABLE 25 United StatesHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 26 United States Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 27 CanadaHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 28 Canada Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 29 MexicoHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 30 Mexico Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 31 EuropeHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 32 Europe Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 33 EuropeHealth and Wellness Market, by Country, 2017-2022(US$ Bn)
TABLE 34 EuropeHealth and Wellness Market, by Country, 2023-2030(US$ Bn)
TABLE 35 GermanyHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 36 Germany Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 37 FranceHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 38 France Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 39 United KingdomHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 40 United Kingdom Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 41 ItalyHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 42 Italy Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 43 SpainHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 44 Spain Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 45 Rest of EuropeHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 46 Rest of Europe Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 47 Asia PacificHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 48 Asia Pacific Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 49 ChinaHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 50 China Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 51 JapanHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 52 Japan Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 53 IndiaHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 54 India Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 55 South KoreaHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 56 South Korea Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 57 South-East AsiaHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 58 South-East Asia Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 59 Rest of Asia PacificHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 60 Rest of Asia Pacific Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 61 Latin AmericaHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 62 Latin America Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 63 BrazilHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 64 Brazil Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 65 ArgentinaHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 66 Argentina Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 67 Rest of Latin AmericaHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 68 Rest of Latin America Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 69 Middle East and AfricaHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 70 Middle East and Africa Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 71 GCC CountriesHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 72 GCC Countries Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 73 South AfricaHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 74 South Africa Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)
TABLE 75 Rest of Middle East and AfricaHealth and Wellness Market, by Product Type, 2017-2022(US$ Bn)
TABLE 76 Rest of Middle East and Africa Health and Wellness Market, by Product Type, 2023-2030(US$ Bn)

Frequently Asked Questions

What is the current size of the global health and wellness market?

The global health and wellness market was valued at USD 4648.9 Billion in 2022.

What is the expected growth rate of the health and wellness market between 2023 and 2030?

The health and wellness market is expected to grow at a CAGR of 5.80% between 2023 and 2030, reaching USD 6898.4 Billion in 2030.

Which segment is leading the market share in terms of product type?

In 2022, the Beauty & Personal Care Products segment held a 24% share of the market.

Which product type segment is the fastest growing for health and wellnesss in the world?

wellness tourism sector, which accounts for approximately 6% of the market, is expected to be the Second fastest-growing during the projected period.

Which segment is expected to post the highest CAGR during the forecast period?

The health and wellness food segment is predicted to have the highest (CAGR).

Which region is fueling the growth of the health and wellness industry?

North America dominated the worldwide health and wellness market.

Who are the major players in the global health and wellness market?

The top players include Johnson & Johnson Services, Inc, Nestle, F. Hoffmann-La Roche Ltd and Animas LLC. Other major players include Lifescan, L’Orel, Omron Healthcare, Inc, Medtronic, Inc. And Abbott Laboratories.

What are the major market drivers of the health and wellness industry?

The prevalence of chronic lifestyle diseases is increasing, as is the demand for high-performance ingredients in skin care products and anti-aging facial tools are the major market drivers.

What are the major market restraints of the health and wellness industry?

High prices for goods and services, as well as health risks are the major market restraints.

What are the major market opportunities of the health and wellness industry?

Personal Care Products and a New Trend With An Electronic Device Require Sustainability and Hand Care Premiumization are the major opportunities in the health and wellness industry.

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