Health is defined as the overall physical, social, and mental well-being with no presence of diseases and infirmity. The wellness refers to the emotional, social, and spiritual well-being of a person. These terms are often used to promote good health with minimum risk to diseases. Maintaining an optimal level of physical health and emotional well being is absolutely crucial to live a good quality of life.

The major factors driving the growth of the global health and wellness market include the growing demand of eco-friendly, organic, clean-labeled, and sustainable health & wellness products and the increasing consumer awareness about health & wellness activities across the globe. In addition to this, the growing incidences of chronic diseases and increasing number of new product launches in the market are some other factors fuelling the growth of global health and wellness market during forecast period. The growing penetration of wearable devices and virtual assistants for the personalization of health and wellness is a major opportunity factor, which supports the growth of global health and wellness market in upcoming years. However, factor such as lack of cost transparency and value-based payments along with lack of skilled professional are hampering the growth of global health and wellness market.

Based on the region, Asia-Pacific is expected to grow at a higher CAGR during forecast period. The growth is mainly driven by the increasing demand for wellness tourism and increasing government initiatives, which supports wellness tourism across the region. In addition to this, China is a leading market for health and wellness in Asia-Pacific due to the increased production and consumption of health & wellness products.

The global health and wellness market have been segmented on the basis of product and functionality. Based on product, the market is segmented into beauty & personal care products, health & wellness food, wellness tourism, fitness equipment and preventive & personalized health. Based on functionality, the market is segmented into nutrition & weight management, heart & gut health, immunity, bone health, skin health and others.

Some of the major players of global health and wellness market are Bayer AG, Nestle, General Mills, Inc., Danone, Johnson Health Tech. Co., Ltd., Brunswick Corporation, Core Health & Fitness, LLC, Evolve Brands LLC, Procter & Gamble and PepsiCo among others.

Market Segmentation:

Global Health and Wellness Market by Product

• • Beauty & Personal Care Products
  • Health & Wellness Food
  • Wellness Tourism
  • Fitness Equipment
  • Preventive & Personalized Health

Global Health and Wellness Market by Functionality

• • Nutrition & Weight Management
  • Heart & Gut Health
  • Immunity
  • Bone Health
  • Skin Health
  • Others

Global Health and Wellness Market by Region

• • North America Health and Wellness Market
  • Europe Health and Wellness Market
  • Asia-Pacific Health and Wellness Market
  • ROW Health and Wellness Market

Leading Market Players

• • Bayer AG
  • Nestle
  • General Mills, Inc.
  • Danone
  • Johnson Health Tech. Co., Ltd.
  • Brunswick Corporation
  • Core Health & Fitness, LLC
  • Evolve Brands LLC
  • Procter & Gamble
  • PepsiCo