Health and Wellness Market Scope
Increased emphasis on effective health and wellness products and a healthy lifestyle by consumers will help to boost global health and wellness market. Augmented adoption is the refining economic condition of nations international, which gives liberty to lower- and middle-class consumers to spend more on their health and well-being. The demand for healthcare devices, organic foods, exercise equipment, and supplementary diets has also augmented the growth of the market. Many vendors have been focusing on launching free health coaching, community gatherings centered on self-care, giveaway campaigns, nutrition, and others.
The market study is being classified by Type (Health and Wellness Food [Functional food, Naturally health food, Better-for-you (BFY) food, Food intolerance products, Organic food], Wellness Tourism [Domestic, International], Beauty and Personal Care Products [Makeup & Cosmetics, Skin Care, Hair Care], Preventive and Personalized Health and Fitness Equipment [Cardiovascular Training Equipment, Strength Training Equipment, and Other Equipment]), by Application (Cure of Disease, Keep Fit, Lose Weight and Others) and major geographies with country level break-up.
The global health and wellness market seems fragmented. Key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Factors such as the rising number of new product launches in the market and the increasing emphasis on the promotion of health and wellness activities and programs will provide significant growth opportunities to the health and wellness companies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Health and Wellness market throughout the predicted period.
Bayer AG (Germany), Brunswick Corp. (United States), Danone SA (France), Nestlé SA (Switzerland), Procter & Gamble Co. (United States), Johnson & Johnson (United States), Philips Healthcare (Netherlands), Abbott Laboratories (United States), B. Braun Melsungen AG (Germany), L’Oréal (France) and General Mills, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are LifeScan, Inc. (United States), Health & Wellness Institute, LLC (United States) and Living Well Health Solutions LLC (United States).
AdvanceMarketAnalytics has segmented the market of Global Health and Wellness market by Type, Application and Region.
On the basis of geography, the market of Health and Wellness has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Industry Verticals, the sub-segment i.e. Nutraceuticals will boost the Health and Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 6th May 2019, Brunswick Corp., the parent company of Life Fitness, Rosemont, Illinois, has entered into a definitive agreement to sell its Fitness business for approximately 490 million dollars in cash. The Fitness business includes Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group, SCIFIT and Brunswick Billiards.
On 25th April 2019, Nestlé Health Science (NHSc), a leader in science-based nutritional solutions, has announced its collaboration with Virtual Health Partners, Inc. (VHP), a virtual health and wellness company. The companies have joined forces to launch the innovative COPES™ (Cancer Oriented Personalized Eating & Emotional Support) program, a revolutionary virtual platform designed specifically to provide nutrition and wellness support for patients with cancer.
- Rising Demand for Thermal and Mineral Springs and Spas to Treat Various Mental and Physical Conditions
- Growing Trend of Gym Membership in Younger Population
- Rising Health Awareness
- Growing Store Presence of Health and Awareness Products
- Huge Demand for Organic Food and Dietary Supplements
- Increasing Consumer Focus on Health and Increasing Household Income in Developing Countries
- The High Degree of Disorganization
- Price Unpredictability
- Lack of Skilled Workforce
Key Target AudienceRegulatory Bodies, Environmental Protection Bodies, Local Governments, End Users, Market Research and Consulting Firms and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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