According to the research report “Health and Wellness Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast”, the market will witness a YOY growth of 6.16% at a CAGR of 6.29% during the forecast period. The report is segmented by product (beauty and personal care products, health and wellness food, wellness tourism, fitness equipment, and preventive and personalized health) and geography (North America, Europe, APAC, MEA, and South America). Read Sample Report.
The Health and Wellness Market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Bayer AG
- Beiersdorf AG
- Core Health and Fitness LLC
- Danone SA
- General Mills Inc.
- Johnson Health Tech Inc.
- Nestle SA
- PepsiCo Inc.
- Shiseido Co. Ltd.
- The Procter and Gamble Co.
During the forecast period, APAC will account for 34% of market growth. The largest market in APAC for health and wellness is China.
This region’s market will expand more quickly than those in other areas. Moreover, the expansion of the health and wellness market in APAC will be facilitated by the rising demand for wellness tourism in the area and government programs that support wellness tourism.
Furthermore, countries such as the US, UK, Germany, China, and France are expected to emerge as prominent markets for Health and Wellness Market during the forecast period.
The health and wellness market share growth in the beauty and personal care products segment will be significant during the forecast period.
The size of the worldwide beauty and personal care market has increased as a result of the rise of online beauty and personal care retail stores like Nykaa E-Retail Pvt. Ltd. (Nykaa) in India. The expansion of the consumer base has also been influenced by the rising desire for organic and natural beauty and personal care products.
Segmentation by Type
Beauty and Personal care
Health and wellness food
Wellness tourism
Segmentation by Geography
North America
Europe
APAC
MEA
South America
* NEW YORK, July 20, 2022 /PRNewswire/
