Health and Wellness Market size to grow by USD 1661.81 billion from 2022 to 2027|Focus on a healthy lifestyle to boost the market

NEW YORK, July 10, 2023 /PRNewswire/ — The health and wellness market size is set to grow by USD 1661.81 billion between 2022 and 2027 and register an accelerating CAGR of 6.49%, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read Sample Report

The report also covers the following areas:

Health and Wellness Market 2023-2027: Segmentation

The health and wellness market is segmented as follows:

• Product Type 
• Beauty and Personal Care Products
• Health and Wellness Food Products
• Wellness Tourism
• Fitness Equipment
• Preventive and Personalized Health
• Distribution Channel 
• Geography 
• North America
• APAC
• Europe
• South America
• Middle East And Africa

The market share growth by the beauty and personal care products segment will be significant during the forecast period. Some of the main categories included in this segment are cosmetics, personal care products such as shower gels, bathing soaps, skincare, haircare, deodorants, anti-aging skin creams, and other products. The main prominent players in the beauty and personal care products market are L’Oreal SA (L’Oreal), Procter & Gamble Co. (Procter & Gamble), and Beiersdorf AG (Beiersdorf). The increasing preference of organic and natural beauty and personal care products without any artificial additives is expected to drive the growth of this segment which in turn will drive the market growth during the forecast period.

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Health and Wellness Market 2023-2027: Vendor Analysis and Scope

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 15+ vendors operating in the market. Some of the major vendors of the health and wellness market include adidas AG, Amway Corp., Bayer AG, Beiersdorf AG, Core Health and Fitness LLC, Danone SA, David Lloyd Leisure Ltd., General Mills Inc., Glooko Inc., Herbalife International of America Inc, Johnson Health Tech Co. Ltd., LOreal SA, Nestle SA, Ogilvie and Co., PepsiCo Inc., RSG Group GmbH, Shiseido Co. Ltd., The Procter and Gamble Co., Unilever PLC, and Vitabiotics Ltd.

Vendor Offering

• adidas AG: The company offers health and wellness products, such as athletic and sporting lifestyle products. 
• Amway Corp: The company offers health and wellness products under the brand Nutrilite. 
• Bayer AG: The company offers health and wellness products such as dermatology, nutritional supplements, pain management, cardiovascular risk prevention, digestive health, cough, cold, and allergy care products. 

Health and Wellness Market 2023-2027: Market  Dynamics

Key Driver

The rising focus on a healthy lifestyle drives the health and wellness market growth. There is growing awareness through several social media platforms regarding the importance of health and wellness, which is significantly contributing to the market growth. Several prominent brands such as eXelate and Data Alliance are targeting consumers with different marketing initiatives through social media platforms such as Twitter, Instagram, and Facebook, which is positively impacting the market growth. Additionally, this industry has a significant influence on preventing several lifestyle diseases such as diabetes, multiple sclerosis, blood pressure, osteoporosis, and asthma. Hence, such factors are expected to drive market growth during the forecast period.

Major Trends

The increasing demand for organic, clean-labeled, sustainable, and eco-friendly products is a primary trend in the market. Due to this increasing preference for natural products from consumers, several vendors are innovating products to dominate the health and wellness market. For instance, EVOLVE is one such brand that offers whole foods without any fillers. Hence, such offerings of natural products by prominent vendors are positively impacting the market. Thus it is expected to drive the market growth during the forecast period.

Significant Challenges

Frequent product recalls can pose a major challenge to market growth. Product recalls can negatively impact the company as well as the industry it operates as it brings a bad reputation and loss of trust in consumers. For instance, in August 2021, the US FDA issued a recall for Jimbo’s product called Jimbo’s Bloody Mary Mix product sold under the brand name DBA New England Cupboard. The main reason for product recall included the presence of ingredients such as undeclared soy, wheat, and sulfites that lead to allergic or serious life-threatening reactions. Hence, such factors can hinder the market growth during the forecast period.

What’s New? –

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Health and Wellness Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist health and wellness market growth during the next five years
• Estimation of the health and wellness market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the health and wellness market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of health and wellness market vendors

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Related Reports:
The health and wellness food market is estimated to grow at a CAGR of 8.5% between 2022 and 2027. The size of the market is forecast to increase by USD 452.93 million. This health and wellness food market report extensively covers market segmentation by Product (naturally health food, functional food, bfy food, organic food, and food intolerance products), Distribution Channel (offline and online), and Geography (North America, APAC, Europe, Middle East and Africa, and South America). The global health and wellness food market is set to thrive due to the increasing adoption of prebiotic and probiotic foods. 

The corporate wellness market size is estimated to grow at a CAGR of 8.12% between 2022 and 2027. The corporate wellness market size is forecast to increase by USD 29,208.51 million. This corporate wellness market report extensively covers market segmentation by application (health assessments and screenings, nutrition and fitness, stress management, and smoking cessation and others), deployment (SMEs and large organizations), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The increasing need to combat rising healthcare costs is notably driving the corporate wellness market growth. 

Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global health and wellness market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global health and wellness market 2017 – 2021 ($ billion)

• 4.2 Product type Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Product type Segment 2017 – 2021 ($ billion)

• 4.3 Distribution channel Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product Type

• 6.1 Market segments 
• Exhibit 30: Chart on Product Type – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product Type – Market share 2022-2027 (%)

• 6.2 Comparison by Product Type 
• Exhibit 32: Chart on Comparison by Product Type
• Exhibit 33: Data Table on Comparison by Product Type

• 6.3 Beauty and personal care products – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Beauty and personal care products – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Beauty and personal care products – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Beauty and personal care products – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Beauty and personal care products – Year-over-year growth 2022-2027 (%)

• 6.4 Health and wellness food – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Health and wellness food – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Health and wellness food – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Health and wellness food – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Health and wellness food – Year-over-year growth 2022-2027 (%)

• 6.5 Wellness tourism – Market size and forecast 2022-2027
• Exhibit 42: Chart on Wellness tourism – Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Wellness tourism – Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Wellness tourism – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Wellness tourism – Year-over-year growth 2022-2027 (%)

• 6.6 Fitness equipment – Market size and forecast 2022-2027 
• Exhibit 46: Chart on Fitness equipment – Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Fitness equipment – Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Fitness equipment – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Fitness equipment – Year-over-year growth 2022-2027 (%)

• 6.7 Preventive and personalized health – Market size and forecast 2022-2027 
• Exhibit 50: Chart on Preventive and personalized health – Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on Preventive and personalized health – Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on Preventive and personalized health – Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Preventive and personalized health – Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product Type 
• Exhibit 54: Market opportunity by Product Type ($ billion)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 55: Chart on Distribution Channel – Market share 2022-2027 (%)
• Exhibit 56: Data Table on Distribution Channel – Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 57: Chart on Comparison by Distribution Channel
• Exhibit 58: Data Table on Comparison by Distribution Channel

• 7.3 Online – Market size and forecast 2022-2027
• Exhibit 59: Chart on Online – Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Online – Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Online – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Online – Year-over-year growth 2022-2027 (%)

• 7.4 Offline – Market size and forecast 2022-2027
• Exhibit 63: Chart on Offline – Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Offline – Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Offline – Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Offline – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 67: Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 73: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 APAC – Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027
• Exhibit 81: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 93: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 97: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 UK – Market size and forecast 2022-2027
• Exhibit 105: Chart on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.12 Canada – Market size and forecast 2022-2027
• Exhibit 109: Chart on Canada – Market size and forecast 2022-2027 ($ billion)
• Exhibit 110: Data Table on Canada – Market size and forecast 2022-2027 ($ billion)
• Exhibit 111: Chart on Canada – Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Canada – Year-over-year growth 2022-2027 (%)

• 9.13 Japan – Market size and forecast 2022-2027
• Exhibit 113: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 114: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 115: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.14 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

11 Vendor Landscape

• 11.2 Vendor landscape 
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 adidas AG 
• Exhibit 124: adidas AG – Overview
• Exhibit 125: adidas AG – Business segments
• Exhibit 126: adidas AG – Key news
• Exhibit 127: adidas AG – Key offerings
• Exhibit 128: adidas AG – Segment focus

• 12.4 Amway Corp. 
• Exhibit 129: Amway Corp. – Overview
• Exhibit 130: Amway Corp. – Product / Service
• Exhibit 131: Amway Corp. – Key news
• Exhibit 132: Amway Corp. – Key offerings

• 12.5 Bayer AG 
• Exhibit 133: Bayer AG – Overview
• Exhibit 134: Bayer AG – Business segments
• Exhibit 135: Bayer AG – Key offerings
• Exhibit 136: Bayer AG – Segment focus

• 12.6 Beiersdorf AG 
• Exhibit 137: Beiersdorf AG – Overview
• Exhibit 138: Beiersdorf AG – Business segments
• Exhibit 139: Beiersdorf AG – Key news
• Exhibit 140: Beiersdorf AG – Key offerings
• Exhibit 141: Beiersdorf AG – Segment focus

• 12.7 Core Health and Fitness LLC 
• Exhibit 142: Core Health and Fitness LLC – Overview
• Exhibit 143: Core Health and Fitness LLC – Product / Service
• Exhibit 144: Core Health and Fitness LLC – Key offerings

• 12.8 Danone SA 
• Exhibit 145: Danone SA – Overview
• Exhibit 146: Danone SA – Business segments
• Exhibit 147: Danone SA – Key news
• Exhibit 148: Danone SA – Key offerings
• Exhibit 149: Danone SA – Segment focus

• 12.9 General Mills Inc. 
• Exhibit 150: General Mills Inc. – Overview
• Exhibit 151: General Mills Inc. – Business segments
• Exhibit 152: General Mills Inc. – Key news
• Exhibit 153: General Mills Inc. – Key offerings
• Exhibit 154: General Mills Inc. – Segment focus

• 12.10 Glooko Inc. 
• Exhibit 155: Glooko Inc. – Overview
• Exhibit 156: Glooko Inc. – Product / Service
• Exhibit 157: Glooko Inc. – Key offerings

• 12.11 Johnson Health Tech Co. Ltd. 
• Exhibit 158: Johnson Health Tech Co. Ltd. – Overview
• Exhibit 159: Johnson Health Tech Co. Ltd. – Product / Service
• Exhibit 160: Johnson Health Tech Co. Ltd. – Key offerings

• 12.12 LOreal SA 
• Exhibit 161: LOreal SA – Overview
• Exhibit 162: LOreal SA – Business segments
• Exhibit 163: LOreal SA – Key news
• Exhibit 164: LOreal SA – Key offerings
• Exhibit 165: LOreal SA – Segment focus

• 12.13 Nestle SA 
• Exhibit 166: Nestle SA – Overview
• Exhibit 167: Nestle SA – Business segments
• Exhibit 168: Nestle SA – Key news
• Exhibit 169: Nestle SA – Key offerings
• Exhibit 170: Nestle SA – Segment focus

• 12.14 PepsiCo Inc. 
• Exhibit 171: PepsiCo Inc. – Overview
• Exhibit 172: PepsiCo Inc. – Business segments
• Exhibit 173: PepsiCo Inc. – Key news
• Exhibit 174: PepsiCo Inc. – Key offerings
• Exhibit 175: PepsiCo Inc. – Segment focus

• 12.15 Shiseido Co. Ltd. 
• Exhibit 176: Shiseido Co. Ltd. – Overview
• Exhibit 177: Shiseido Co. Ltd. – Product / Service
• Exhibit 178: Shiseido Co. Ltd. – Key offerings

• 12.16 The Procter and Gamble Co. 
• Exhibit 179: The Procter and Gamble Co. – Overview
• Exhibit 180: The Procter and Gamble Co. – Business segments
• Exhibit 181: The Procter and Gamble Co. – Key news
• Exhibit 182: The Procter and Gamble Co. – Key offerings
• Exhibit 183: The Procter and Gamble Co. – Segment focus

• 12.17 Unilever PLC 
• Exhibit 184: Unilever PLC – Overview
• Exhibit 185: Unilever PLC – Business segments
• Exhibit 186: Unilever PLC – Key news
• Exhibit 187: Unilever PLC – Key offerings
• Exhibit 188: Unilever PLC – Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 189: Inclusions checklist
• Exhibit 190: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 191: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 192: Research methodology
• Exhibit 193: Validation techniques employed for market sizing
• Exhibit 194: Information sources

• 13.5 List of abbreviations 
• Exhibit 195: List of abbreviations

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