NEW YORK, Nov. 9, 2022 /PRNewswire/ — The Global Health and Wellness Market share is set to increase by USD 1661.81 billion from 2022 to 2027. In addition, the market’s growth momentum will accelerate at a CAGR of 6.49% as per the latest market forecast report by Technavio. The market will also record a 6.18% Y-O-Y growth Rate during the forecast period.
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Technavio has announced its latest market research report titled Global Health and Wellness Market 2023-2027
Global Health and Wellness Market – Parent Market Analysis
Technavio categorizes the global Health and Wellness Market as a part of the global hotels, restaurants, and leisure market. The parent global hotels, restaurants, and leisure market covers companies engaged in operations such as hotels, restaurants, sports and fitness centers, stadiums, golf courses, and amusement parks. Growth in the global hotels, restaurants, and leisure market will be driven by the increase in disposable income and the growing travel and tourism industry.
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Global Health and Wellness Market Characteristics with Five Forces –
The Global Health and Wellness Market is fragmented and the five forces analysis by Technavio gives the accurate vision –
Global Health and Wellness Market – Segmentation Assessment
Geography Segment Overview
Technavio’s market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Health and Wellness Market as per geography is categorized into North America, APAC, Europe, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Health and Wellness Market size and actionable market understandings.
Regional Highlights:
North America is the fastest-growing region in the global Health and wellness market compared to other regions. 33% growth will originate from North America. The rising prevalence of chronic lifestyle diseases because of sedentary lifestyles, the prevalence of diabetes, blood pressure, asthma, arthritis, cancer, dementia, and other stress-related disorders has increased significantly in North America. In addition, the availability of spa treatments, anti-aging treatments, and the prevalence of a large fitness-conscious population are other major factors contributing to the health and wellness expenditure in this region.
Type Segment Overview
The Global Health and Wellness Market as per product type segmentation is categorized into Beauty and personal care products, Health and wellness food, Wellness tourism, Fitness equipment, and Preventive and personalized health.
Revenue Generating Segment – The Health and Wellness market share growth by the beauty and personal care products segment will be significant during the forecast period. The segment includes subcategories such as cosmetics, personal care products such as shower gels, bathing soaps, skincare, haircare, deodorants, anti-aging skin creams, and other products. The increasing number of online beauty and personal care online retail stores is fueling the growth of the segment. The preference for organic and natural beauty and personal care products will also contribute to the segment’s growth.
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Global Health and Wellness Market – Market Dynamics
Major Driver Boosting the Market
The increasing emphasis on the promotion of health and wellness activities and programs is one of the major drivers in the market. Many health and wellness vendors are leveraging social media channels, such as Twitter and Facebook, to market their products.
This has been effective in spreading the popularity of health and wellness products among consumers.
Key vendors operating in the global health and wellness market use optimized data from data partners to efficiently propagate their health and wellness marketing campaigns on specific consumer demographics.
The rising adoption of health and wellness among all demographics is expected to drive the growth of the market in focus.
Major trends influencing the growth of glamping
The growing popularity of thermal and mineral springs and spas is identified as the major trend in the market. The growth in the number of operating spas has been observed worldwide due to the increasing demand for spa services by consumers.
In regions like Europe, North America, and Asia, spas and health resorts use therapeutic waters sourced from natural thermal/mineral springs. Thermal and mineral springs and spas are more prominent in Europe.
Major spa operators are focusing on using specialized therapeutic waters like Malkinskaya mineral water and iodine-bromine waters to treat cardiovascular conditions. Techniques like hydrosulfuric healing and hydropathic healing are increasingly being adopted by these spas for treating chemical and heat burns and increasing the limited mobility in disabled people.
Major Challenges interrupting the market growth
Frequent product recalls is the major challenge in the market. Product recalls not only bring a bad reputation to any industry but also increase the operational and financial constraints for the companies operating in the market.
In July 2021, Johnson and Johnson Consumer Inc. recalled its NEUTROGENA and AVEENO aerosol sunscreen product due to the presence of benzene. Such instances are expected to hinder the growth of the market in focus.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19-impacted market research reports.
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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
Related Reports:
The wellness tourism market size is predicted to surge by USD 327.56 billion from 2021 to 2026 at a CAGR of 7.55%. The increase in mental illness is notably driving the wellness tourism market growth, although factors such as the perception of wellness tourism as a luxury travel market may impede the market growth.
The adventure tourism market size is predicted to surge by USD 2.50 trillion from 2021 to 2026 at a CAGR of 38.87%. The increasing disposable incomes is notably driving the adventure tourism market growth, although factors such as low penetration rate in developing economies may impede the market growth.
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Health and Wellness Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2022 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.49% |
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Market growth 2023-2027 |
USD 1661.81 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.18 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 33% |
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Key consumer countries |
US, Canada, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
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. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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
3.3 Market size 2022
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
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 118: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
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
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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