Industry Outlook
Health & wellness products market is projected to witness the CAGR of 5.9% during the forecast period. This growth can be attributed to multiple factors such as increased consumer awareness, aging population, emerging middle and affluent classes, and consumer awareness toward preventative health care. Moreover, young population in the developing economies are willing to pay premiums for health & wellness products as a result of the rising importance in physical fitness, fuelling the overall growth of the market. Health & wellness products includes broad spectrum of products from food and beverages and personal care industry. Manufacturers are reformulating health & wellness products that imparts various health benefits such as nutrition & weight management, heart & gut health, immunity, bone health, skin benefits, etc. Moreover, several players are also focused on developing their niche products through extensive research and development to capture the unexplored health & wellness products market. Shift in dietary preferences due to health issues such as blood pressure, diabetes, gastrointestinal diseases, and rickets, is making the consumers move towards healthy products, also contributing to the growth of this market.
Health and wellness products market has grown at a substantial rate not only in developed regions such as North America and Europe but also developing countries of the world. Factors such as rising green consciousness, affinity towards natural & organic products, evolving economy, and increasing purchasing power, and boosted store presence of health and wellness products in developing regions such as Asia Pacific and Latin America, creating is immense growth opportunity for health and wellness products market in these regions. Japan, South Korea, Mexico, Brazil, China, Indonesia, India and Australia are the most attractive markets for health & wellness products with high growth potential. Major players operating in health and wellness products market includes Pfizer Inc., Nestle, Procter & Gamble, Buy Wellness, The Kraft Heinz Company, and Danone among others
TABLE 1 Market Snapshot Global Health and Wellness Products Market Value
Functional food led the product type segment owing to increasing consumption as a part of standard diet and offers various health benefits
In 2017, functional food segment accounted for the largest market share and expected to maintain its dominant position over the forecast period. Increasing health consciousness as well as escalating incidence of different chronic diseases such as diabetes, blood pressure, and other related diseases has intensified the demand for functional food. Functional foods segment is also identified as the fastest growing segment as consumers are shifting towards functional foods and drinks in order to address perceived nutritional shortfalls, away from dietary supplements (which have traditionally been a preferred option) mainly in developed economies. Functional beverages that includes functional/fortified juices, dairy drinks, etc. closely followed the functional foods segment with the share of 28.7% in 2017. Personal care products segment is also projected to witness the significant growth owing to rising concerns of people towards improving their health, appearance and looks across the world.
Nutrition & weight management is the largest in health benefit segment and will continue to dominate the market during the forecast period
Nutrition & weight management represents over 30% market value share of the global health and wellness products market in 2017-2018. Nutrition & weight management is essential for the balanced and healthy functioning of the body. The health benefits to consumers is also of critical importance so that they have the knowledge to make decision about the products they consume. Existing anti-obesity drugs, affecting the fundamental processes of the weight regulation in human body display serious side effects which offset their beneficial effects, thus consumers are moving towards health and wellness products such as functional foods and beverages, dietary supplement, etc. Consumers are more aware, and are also willing to spend more on nutrition & weight management foods. Due to increasing costs of healthcare, people are turning towards these products to stay healthy. Health and wellness offers various other benefits such as heart & gut health, immunity, bone health, skin benefits, etc.
Easy availability of health and wellness products across all distribution channel propelling the overall market growth
Supermarket and Hypermarket segment held the largest market share by distribution channel in 2017. Supermarket and hypermarket offers multiple variety of products under a single roof to allow customers to accomplish their shopping needs in a go. With the innovative and interesting placement of products, shop designs and merchandise, and dedicated racks by product type enhances shopping experience and facilitate purchasing, consequently attract large amount of foot falls leading to higher revenue. Growing aging population coupled with increasing health problems has spiked the sales of health and wellness products across all fair price outlets. Supermarkets and hypermarket being the most common retail formats which are strategically located within the reach of the customer is anticipated to surge the market growth. Efficient advertising, point of sale displays and store announcements motivates the customers to view the product, generating impulse buying. Trends show that with the rising number of supermarkets in developing countries, health and wellness product manufactures as part of their business strategy are focusing on selling through supermarkets to contact the masses which in turn is expected to propel the growth of this segment during the forecast period.
Self-care and preventive health measures by consumer in North America, making it a largest consumer of health and wellness products
North America is expected to dominate the global market in forecast period due to increasing demand of health and wellness products from the U.S. Consumer shift from synthetic to organic and healthy products expected to boost the North American health and wellness products market. North America is estimated to continue its dominance in the global market on account of favourable regulatory scenarios for natural food supplements and other confectionery products by FDA (Food and Drug Administration) and USDA. Rising consumption of functional/fortified food and beverages owing to rapid advances in science and technology, increasing healthcare costs, changes in food laws affecting label and product claims, aging population and rising interest in attaining wellness through diet, driving the demand for health and wellness products in this region. Asia Pacific is expected to witness robust growth in the during forecast period. Factors such as growing baby boomer population, changing lifestyle patterns, rising disposable income, growing health awareness, and increasing urbanisation supporting the growth of health and wellness products market in the region. Emerging markets of China, India and Australia are further expected to boost the growth of global health and wellness products market.
New product development and merger & acquisition are key strategy adopted by manufacturers to get an edge over other competitors
Health and wellness products market is highly competitive with the presence of large number of conglomerate. New product development and merger & acquisitions are among the most preferred strategy adopted by several major players. For instance, to take more control over health and wellness business and expand its portfolio of consumer healthcare products, P&G acquired consumer health business of Merck KGaA which includes supplements brands such as Femibion, Neurobion, and Nasivin on April, 2018. Key manufacturers operating in health and wellness products market includes Pfizer Inc., Provant Health Solution Inc., The Kraft Heinz Company, Nestle S.A., Buy Wellness, Wallgreen Co., and Procter and Gamble among others.
Historical & Forecast Period
2016 – Historical Year
2017 – Base Year
2018-2026 – Forecast Period
Our study analyzed each market segment during the period of 2016 to 2026 with 2017 as the base year. Forecast period between 2018 and 2026 considered for the CAGR calculation.
Report Scope
The report enlightens the thorough outline of global health and wellness Products market by categorizing the market in different segment given below:
Health and Wellness Products Market, By Product Type Segment (2016–2026; US$ Mn)
Health and Wellness Products Market, By Health Benefits (2016–2026; US$ Mn)
Health and Wellness Products Market, By Distribution Channel (2016–2026; US$ Mn)
Geography Segment (2016–2026; US$ Mn)
This research report describes leading continents and their major countries, along with profiles of key players operating in overall market and their planned developments. Our report further defines the overall market dynamics such as drivers, challenges, and opportunities prevalent in the market to understand global health and wellness products market more explicitly. Our in-depth quantitative and quantitative analysis of each segment up to country level highlights revenue pockets and investment opportunities in the market.
Key questions answered in this report
Chapter 1 Preface 14
1.1 Report Scope and Description 14
1.1.1 Study Purpose 14
1.1.2 Target Audience 14
1.1.3 USP and Key Offerings 14
1.2 Research Scope 15
1.3 Research Methodology 16
1.3.1 Phase I – Secondary Research 16
1.3.2 Phase II – Primary Research 17
1.3.3 Approach Adopted 17
1.3.4 Top-Down Approach 17
1.3.5 Bottom-Up Approach 18
1.3.6 Phase III – Expert Panel Review 18
1.3.7 Assumptions 19
1.4 Market Segmentation 20
Chapter 2 Executive Summary 21
2.1 Market Snapshot: Global Health and Wellness Products Market 22
2.1.1 Global Health and Wellness Products Market, by Product Type, 2017 (US$ Mn) 23
2.1.2 Global Health and Wellness Products Market, by Health Benefits, 2017 (US$ Mn) 23
2.1.3 Global Health and Wellness Products Market, by Distribution Channel, 2017 (US$ Mn) 24
2.1.4 Global Health and Wellness Products Market, by Geography, 2017 (US$ Mn) 24
Chapter 3 Market Dynamics 25
3.1 Introduction 25
3.2 Market Dynamics 25
3.2.1 Market Drivers 25
3.2.1.1 Increasing Demand for Fortified Food and Beverages Products 25
3.2.1.1 Driver 2 26
3.2.2 Challenges 26
3.2.2.1 Challenge 1 26
3.2.2.2 Challenge 2 26
3.2.3 Opportunities 26
3.2.3.1 Opportunity 1 26
3.3 Attractive Investment Proposition, by Geography, 2017 27
3.4 Market Positioning of Key Players, 2017 28
Chapter 4 Global Health and Wellness Products Market, by Product Type 29
4.1 Overview 29
4.1.1 Global Health and Wellness Products Market Value Share, by Product Type, 2017 & 2026 (Value, %) 29
4.1.2 Global Health and Wellness Products Market, by Product Type, 2016 – 2026 (US$ Mn) 30
4.2 Functional Food 30
4.2.1 Global Health and Wellness Products Market, by Functional Food, 2016 – 2026 (US$ Mn) 31
4.3 Functional Beverages 32
4.3.1 Global Health and Wellness Products Market, by Functional Beverages, 2016 – 2026 (US$ Mn) 32
4.4 Supplements 32
4.4.1 Global Health and Wellness Products Market, by Supplements, 2016 – 2026 (US$ Mn) 32
4.5 Personal Care Products 33
4.5.1 Global Health and Wellness Products Market, by Personal Care Products, 2016 – 2026 (US$ Mn) 33
Chapter 5 Global Health and Wellness Products Market, by Health Benefits 34
5.1 Overview 34
5.1.1 Global Health and Wellness Products Market Value Share, by Health Benefits, 2017 & 2026 (Value, %) 34
5.1.2 Global Health and Wellness Products Market, by Health Benefits, 2016 – 2026 (US$ Mn) 35
5.2 Nutrition & Weight Management 35
5.2.1 Global Health and Wellness Products Market, by Nutrition & Weight Management, 2016 – 2026 (US$ Mn) 36
5.3 Heart & Gut Health 37
5.3.1 Global Health and Wellness Products Market, by Heart & Gut Health, 2016 – 2026 (US$ Mn) 37
5.4 Immunity 38
5.4.1 Global Health and Wellness Products Market, by Immunity, 2016 – 2026 (US$ Mn) 38
5.5 Bone Health 39
5.5.1 Global Health and Wellness Products Market, by Bone Health, 2016 – 2026 (US$ Mn) 39
5.6 Skin Benefits 40
5.6.1 Global Health and Wellness Products Market, by Skin Benefits, 2016 – 2026 (US$ Mn) 40
5.7 Other Health Benefits 41
5.7.1 Global Health and Wellness Products Market, by Other Health Benefits, 2016 – 2026 (US$ Mn) 41
Chapter 6 Global Health and Wellness Products Market, by Distribution Channel 42
6.1 Overview 42
6.1.1 Global Health and Wellness Products Market Value Share, by Distribution Channel, 2017 & 2026 (Value, %) 42
6.1.2 Global Health and Wellness Products Market, by Distribution Channel, 2016 – 2026 (US$ Mn) 43
6.2 Supermarket 43
6.2.1 Global Health and Wellness Products Market, by Hypermarket & Supermarket, 2016 – 2026 (US$ Mn) 44
6.3 Independent Stores 45
6.3.1 Global Health and Wellness Products Market, by Independent Stores, 2016 – 2026 (US$ Mn) 45
6.4 Drug Stores 46
6.4.1 Global Health and Wellness Products Market, by Drug Stores, 2016 – 2026 (US$ Mn) 46
6.5 Unorganized Stores 47
6.5.1 Global Health and Wellness Products Market, by Unorganized Stores, 2016 – 2026 (US$ Mn) 47
6.6 Single Brand Stores 48
6.6.1 Global Health and Wellness Products Market, by Single Brand Stores, 2016 – 2026 (US$ Mn) 48
6.7 Online Stores 49
6.7.1 Global Health and Wellness Products Market, by Online Stores, 2016 – 2026 (US$ Mn) 49
Chapter 7 Global Health and Wellness Products Market, by Geography 50
7.1 Overview 50
7.1.1 Global Health and Wellness Products Market Value Share, by Geography, 2017 & 2026 (Value %) 50
7.1.2 Global Health and Wellness Products Market, by Geography 2016 – 2026 (US$ Mn) 51
7.2 North America 51
7.2.1 North America Health and Wellness Products Market, by Product Type, 2016 – 2026 (US$ Mn) 52
7.2.2 North America Health and Wellness Products Market, by Health Benefits, 2016 – 2026 (US$ Mn) 52
7.2.3 North America Health and Wellness Products Market, by Distribution Channel 2016 – 2026 (US$ Mn) 53
7.2.4 North America Health and Wellness Products Market, by Country,2016-2026 (US$ Mn) 53
7.3 Europe 54
7.3.1 Europe Health and Wellness Products Market, by Product Type, 2016 – 2026 (US$ Mn) 54
7.3.2 Europe Health and Wellness Products Market, by Health Benefits, 2016 – 2026 (US$ Mn) 54
7.3.3 Europe Health and Wellness Products Market, by Distribution Channel 2016 – 2026 (US$ Mn) 55
7.3.4 Europe Health and Wellness Products Market, by Country/Region,2016-2026 (US$ Mn) 56
7.4 Asia Pacific 56
7.4.1 Asia-Pacific Health and Wellness Products Market, by Product Type, 2016 – 2026 (US$ Mn) 56
7.4.2 Asia-Pacific Health and Wellness Products Market, by Health Benefits, 2016 – 2026 (US$ Mn) 57
7.4.3 Asia-Pacific Health and Wellness Products Market, by Distribution Channel 2016 – 2026 (US$ Mn) 58
7.4.4 Asia-Pacific Health and Wellness Products Market, by Country/Region,2016-2026 (US$ Mn) 58
7.5 Latin America 59
7.5.1 Latin America Health and Wellness Products Market, by Product Type, 2016 – 2026 (US$ Mn) 59
7.5.2 Latin America Health and Wellness Products Market, by Health Benefits, 2016 – 2026 (US$ Mn) 60
7.5.3 Latin America Health and Wellness Products Market, by Distribution Channel 2016 – 2026 (US$ Mn) 60
7.5.4 Latin America Health and Wellness Products Market, by Country/Region,2016-2026 (US$ Mn) 61
7.6 Middle East & Africa 62
7.6.1 Middle East & Africa Health and Wellness Products Market, by Product Type, 2016 – 2026 (US$ Mn) 62
7.6.2 Middle East & Africa Health and Wellness Products Market, by Health Benefits, 2016 – 2026 (US$ Mn) 62
7.6.3 Middle East & Africa Health and Wellness Products Market, by Distribution Channel 2016 – 2026 (US$ Mn) 63
7.6.4 Middle East & Africa Health and Wellness Products Market, by Region,2016-2026 (US$ Mn) 64
Chapter 8 Company Profiles 65
8.1 Pfizer Inc. 65
8.2 Provant Health Solutions Inc. 67
8.3 The Kraft Heinz Company 68
8.4 Nestle S.A. 69
8.5 Arbonne International, LLC 70
8.6 Buy Wellness 71
8.7 Wallgreen Co. 72
8.8 Procter & Gamble 73
FIG. 1 Global Health and Wellness Products Market: Research Methodology 16
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach 18
FIG. 3 Global Health and Wellness Products Market Segmentation 20
FIG. 4 Global Health and Wellness Products Market, by Product Type, 2017 (US$ Mn) 23
FIG. 5 Global Health and Wellness Products Market, by Health Benefits, 2017 (US$ Mn) 23
FIG. 6 Global Health and Wellness Products Market, by Distribution Channel, 2017 (US$ Mn) 24
FIG. 7 Global Health and Wellness Products Market, by Geography, 2017 (US$ Mn) 24
FIG. 8 Attractive Investment Proposition, by Geography, 2017 27
FIG. 9 Global Market Positioning of Key Health and Wellness Products Manufacturers, 2017 28
FIG. 10 Global Health and Wellness Products Market Value Share, by Product Type, 2017 & 2026 (Value, %) 29
FIG. 11 Global Health and Wellness Products Market, by Functional Food, 2016 – 2026 (US$ Mn) 31
FIG. 12 Global Health and Wellness Products Market, by Functional Beverages, 2016 – 2026 (US$ Mn) 32
FIG. 13 Global Health and Wellness Products Market, by Supplements, 2016 – 2026 (US$ Mn) 32
FIG. 14 Global Health and Wellness Products Market, by Personal Care Products, 2016 – 2026 (US$ Mn) 33
FIG. 15 Global Health and Wellness Products Market Value Share, by Health Benefits, 2017 & 2026 (Value, %) 34
FIG. 16 Global Health and Wellness Products Market, by Nutrition & Weight Management, 2016 – 2026 (US$ Mn) 36
FIG. 17 Global Health and Wellness Products Market, by Heart & Gut Health, 2016 – 2026 (US$ Mn) 37
FIG. 18 Global Health and Wellness Products Market, by Immunity, 2016 – 2026 (US$ Mn) 38
FIG. 19 Global Health and Wellness Products Market, by Bone Health, 2016 – 2026 (US$ Mn) 39
FIG. 20 Global Health and Wellness Products Market, by Skin Benefits, 2016 – 2026 (US$ Mn) 40
FIG. 21 Global Health and Wellness Products Market, by Other Health Benefits, 2016 – 2026 (US$ Mn) 41
FIG. 22 Global Health and Wellness Products Market Value Share, by Distribution Channel, 2017 & 2026 (Value, %) 42
FIG. 23 Global Health and Wellness Products Market, by Hypermarket & Supermarket, 2016 – 2026 (US$ Mn) 44
FIG. 24 Global Health and Wellness Products Market, by Independent Stores, 2016 – 2026 (US$ Mn) 45
FIG. 25 Global Health and Wellness Products Market, by Drug Stores, 2016 – 2026 (US$ Mn) 46
FIG. 26 Global Health and Wellness Products Market, by Unorganized Stores, 2016 – 2026 (US$ Mn) 47
FIG. 27 Global Health and Wellness Products Market, by Single Brand Stores, 2016 – 2026 (US$ Mn) 48
FIG. 28 Global Health and Wellness Products Market, by Online Stores, 2016 – 2026 (US$ Mn) 49
FIG. 29 Global Health and Wellness Products Market Value Share, by Geography, 2017 & 2026 (Value %) 50
TABLE 1 Market Snapshot: Global Health and Wellness Products Market Value 22
TABLE 2 Global Health and Wellness Products Market, by Product Type 2016 – 2026 (US$ Mn) 30
TABLE 3 Global Health and Wellness Products Market, by Function 2016 – 2026 (US$ Mn) 35
TABLE 4 Global Health and Wellness Products Market, by Distribution Channel, 2016 – 2026 (US$ Mn) 43
TABLE 5 Global Health and Wellness Products Market, by Geography 2016 – 2026 (US$ Mn) 51
TABLE 6 North America Health and Wellness Products Market, by Product Type, 2016 – 2026 (US$ Mn) 52
TABLE 7 North America Health and Wellness Products Market, by Health Benefits, 2016 – 2026 (US$ Mn) 52
TABLE 8 North America Health and Wellness Products Market, by Distribution Channel, 2016 – 2026 (US$ Mn) 53
TABLE 9 North America Health and Wellness Products Market, by Country 2016 – 2026 (US$ Mn) 53
TABLE 10 Europe Health and Wellness Products Market, by Product Type, 2016 – 2026 (US$ Mn) 54
TABLE 11 Europe Health and Wellness Products Market, by Health Benefits, 2016 – 2026 (US$ Mn) 54
TABLE 12 Europe Health and Wellness Products Market, by Distribution Channel, 2016 – 2026 (US$ Mn) 55
TABLE 13 Europe Health and Wellness Products Market, by Country/Region 2016 – 2026 (US$ Mn) 56
TABLE 14 Asia-Pacific Health and Wellness Products Market, by Product Type, 2016 – 2026 (US$ Mn) 56
TABLE 15 Asia-Pacific Health and Wellness Products Market, by Health Benefits, 2016 – 2026 (US$ Mn) 57
TABLE 16 Asia-Pacific Health and Wellness Products Market, by Distribution Channel, 2016 – 2026 (US$ Mn) 58
TABLE 17 Asia-Pacific Health and Wellness Products Market, by Country/Region 2016 – 2026 (US$ Mn) 58
TABLE 18 Latin America Health and Wellness Products Market, by Product Type, 2016 – 2026 (US$ Mn) 59
TABLE 19 Latin America Health and Wellness Products Market, by Health Benefits, 2016 – 2026 (US$ Mn) 60
TABLE 20 Latin America Health and Wellness Products Market, by Distribution Channel, 2016 – 2026 (US$ Mn) 60
TABLE 21 Latin America Health and Wellness Products Market, by Country/Region 2016 – 2026 (US$ Mn) 61
TABLE 22 Middle East & Africa Health and Wellness Products Market, by Product Type, 2016 – 2026 (US$ Mn) 62
TABLE 23 Latin America Health and Wellness Products Market, by Health Benefits, 2016 – 2026 (US$ Mn) 62
TABLE 24 Middle East & Africa Health and Wellness Products Market, by Distribution Channel, 2016 – 2026 (US$ Mn) 63
TABLE 25 Middle East & Africa Health and Wellness Products Market, by Region 2016 – 2026 (US$ Mn) 64
TABLE 26 Pfizer Inc: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 65
TABLE 27 Provant Health Solutions Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 67
TABLE 28 The Kraft Heinz Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 68
TABLE 29 Nestle S.A: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 69
TABLE 30 Arbonne International, LLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 70
TABLE 31 Buy Wellness: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 71
TABLE 32 Wallgreen Co.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 72
TABLE 33 Procter & Gamble.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 73
