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Health and Wellness Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR40563
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The health and wellness market share is expected to increase by USD 1.39 trillion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.29%.

This health and wellness market research report extensively covers health and wellness market segmentation 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). The health and wellness market report also 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., and The Procter and Gamble Co. among others.

What will the Health and Wellness Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Health and Wellness Market Size for the Forecast Period and Other Important Statistics

 

Health and Wellness Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing emphasis on the promotion of health and wellness activities and programs is notably driving the health and wellness market growth, although factors such as frequent product recalls may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the health and wellness industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Health and Wellness Market Driver

One of the key factors contributing to the health and wellness market growth is the increased emphasis on effective health and wellness products and a healthy lifestyle by consumers globally. The increasing disposable income of the lower and middle-class consumers is enabling them to spend on health and well-being services and products. Health and wellness brands are successfully marketing their products through social media to capture a larger consumer base. Key vendors are using optimized data from data partners such as eXelate and Data Alliance Inc for promotional activities.

Key Health and Wellness Market Trend

The growing influence of thermal and mineral springs and spas is another factor supporting the health and wellness market share growth. Increasing requirements to treat varied physical and mental conditions like rheumatism, circulation disorders, improved joint health, spinal column ailments, bronchitis, and asthma have led to a growing demand for thermal/mineral springs and spas worldwide. The growth in the number of operating spas has been observed worldwide due to the increasing demand for spa services by consumers.  The above-mentioned factors are expected to positively impact the growth of the global health and wellness market during the forecast period.

Key Health and Wellness Market Challenge

The frequent product recalls will be a major challenge for the health and wellness market during the forecast period. Product recalls not only bring a bad reputation to any industry but also increase the operational and financial constraints for the companies operating in that market.

This health and wellness market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global sushi restaurants market as a part of the global restaurants market within the overall hotels, restaurants, and leisure market. The parent global restaurants market covers companies, owners, and operators of restaurants, hotels, bars, pubs, fast-food joints, takeout facilities, and food catering services. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the health and wellness market during the forecast period.

Who are the Major Health and Wellness Market Vendors?

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.

 

This statistical study of the health and wellness market encompasses successful business strategies deployed by the key vendors. The health and wellness market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The health and wellness market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Health and Wellness Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the health and wellness market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the health and wellness market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Health and Wellness Market?

For more insights on the market share of various regions Request for a FREE sample now!

34% of the market’s growth will originate from APAC during the forecast period. China is the key market for the health and wellness market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing demand for wellness tourism in the region and government initiatives supporting wellness tourism will facilitate the health and wellness market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Health has been a primary concern among the population of the region amid the COVID-19 pandemic. China was the worst-hit country at the beginning of 2020, and India is still dealing with the second wave of the COVID-19 disease. With internet penetration, people are now taking virtual health care sessions and educating themselves to adapt to the new normal. There was a significant increase in the sale of fitness equipment and personal & beauty care products in the second half of 2020. The vendors are highly investing in the research & development of the products to meet the consumer needs. Thus, these factors are anticipated to positively impact the growth of the regional health and wellness market during the forecast period.

What are the Revenue-generating Product Segments in the Health and Wellness Market?

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The health and wellness market share growth by the beauty and personal care products segment will be significant during the forecast period. The increase in online beauty and personal care online retail stores such as Nykaa E-Retail Pvt. Ltd. (Nykaa) in India has subsequently expanded the global beauty and personal care market size. Furthermore, the increase in demand for organic and natural beauty and personal care products has played a role in the consumer base growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the health and wellness market size and actionable market insights on post COVID-19 impact on each segment.

 

Health and Wellness Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.29%

Market growth 2021-2025

$ 1.39 tn

Market structure

Fragmented

YoY growth (%)

6.16

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

APAC at 34%

Key consumer countries

US, UK, Germany, China, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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., and The Procter and Gamble Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

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.

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What are the Key Data Covered in this Health and Wellness Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive health and wellness market growth during the next five years
  • Precise estimation of the health and wellness market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the health and wellness industry across North America, Europe, APAC, MEA, and South America
  • A thorough 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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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1. Executive Summary                           

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 01:  Parent market

                2.2 Market Characteristics      

                                Exhibit 02:  Market Characteristics

                2.3 Value chain analysis           

                                Exhibit 03:  Value chain analysis for hotels, restaurants, and leisure

                                2.3.1 Inputs

                                2.3.2 Inbound logistics

                                2.3.3 Operations

                                2.3.5 Marketing and sales 

                                2.3.6 Service 

                                Support activities 

                                Innovations 

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 04:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 05:  Market segments

                3.3 Market size 2020 

                3.4 Market outlook: Forecast for 2020 - 2025 

                                Exhibit 06:  Global - Market size and forecast 2020 - 2025 ($ billion)

                                Exhibit 07:  Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 08: Five forces analysis 2020 & 2025

                4.2 Bargaining power of buyers           

                4.3 Bargaining power of suppliers       

                4.4 Threat of new entrants    

                4.5 Threat of substitutes         

                4.6 Threat of rivalry   

                4.7 Market condition

                                Market condition - Five forces 2020

5. Market Segmentation by Product               

                The segments covered in this chapter are:

  • Beauty and personal care products
  • Health and wellness food
  • Wellness tourism
  • Fitness equipment
  • Preventive and personalized health

Here health and wellness food has shown the maximum growth while personal care products, wellness tourism, fitness equipment and personalised health have the lowest growth.

                5.1 Market segments

                                Exhibit 15:  Product - Market share 2020-2025 (%)

                5.2 Comparison by Product    

                                Exhibit 16:  Comparison by Product

                5.3 Beauty and personal care products - Market size and forecast 2020-2025   

Exhibit 17:  Beauty and personal care products - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 18:  Beauty and personal care products - Year-over-year growth 2020-2025 (%)

                5.4 Health and wellness food - Market size and forecast 2020-2025      

                                Exhibit 19:  Health and wellness food - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 20:  Health and wellness food - Year-over-year growth 2020-2025 (%)

                5.5 Wellness tourism - Market size and forecast 2020-2025      

                                Exhibit 21:  Wellness tourism - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 22:  Wellness tourism - Year-over-year growth 2020-2025 (%)

                5.6 Fitness equipment - Market size and forecast 2020-2025    

                                Exhibit 23:  Fitness equipment - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 24:  Fitness equipment - Year-over-year growth 2020-2025 (%)

                5.7 Preventive and personalized health - Market size and forecast 2020-2025  

Exhibit 25:  Preventive and personalized health - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 26:  Preventive and personalized health - Year-over-year growth 2020-2025 (%)

                5.5 Market opportunity by Product    

                                Exhibit 27:  Market opportunity by Product

6. Customer landscape                         

Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                                Exhibit 28: ?Customer landscape?

7. Geographic Landscape                     

                ??The regions covered in the report are: 

  • North America 
  • Europe 
  • APAC 
  • South America 
  • MEA 

                North America was the largest region of the market in 2020

                7.1 Geographic segmentation

                                Exhibit 29:  Market share by geography 2020-2025 (%)

                7.2 Geographic comparison   

                                Exhibit 30:  Geographic comparison

                7.3 North America - Market size and forecast 2020-2025           

                                Exhibit 31:  North America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 32:  North America - Year-over-year growth 2020-2025 (%)

                7.4 Europe - Market size and forecast 2020-2025          

                                Exhibit 33:  Europe - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 34:  Europe - Year-over-year growth 2020-2025 (%)

                7.5 APAC - Market size and forecast 2020-2025              

                                Exhibit 35:  APAC - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 36:  APAC - Year-over-year growth 2020-2025 (%)

                7.6 MEA - Market size and forecast 2020-2025               

                                Exhibit 37:  MEA - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 38:  MEA - Year-over-year growth 2020-2025 (%)

                7.7 South America - Market size and forecast 2020-2025           

                                Exhibit 39:  South America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 40:  South America - Year-over-year growth 2020-2025 (%)

                7.8 Key leading countries        

                                Exhibit 41: Key leading countries

                7.9 Market opportunity by geography

                                Exhibit 42: Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1 Increasing emphasis on promotion of health and wellness activities and programs

8.1.2 Increasing incidences of chronic diseases, stress, and other adverse health conditions

                                8.1.3 Rising number of new product launches in market

                8.2 Market challenges              

                                8.2.1 Frequent product recalls

                                8.2.2 Lack of cost transparency and value-based payments

                                8.2.3 High degree of disorganization, price instability, and lack of skilled manpower

                                Exhibit 43: Impact of drivers and challenges

                8.3 Market trends      

                                 8.3.1 Growing influence of thermal and mineral springs and spas

8.3.2 Rising demand for organic, eco-friendly, clean-labeled, and sustainable health and wellness products

8.3.3 Growing number of distribution deals, technological associations, collaborations, and acquisitions

9. Vendor Landscape                             

                                Exhibit 44:  Vendor landscape

                9.1 Landscape disruption        

                                Exhibit 45:  Landscape disruption

                                Exhibit 46:  Industry risks

                9.2 Competitive Lanscape      

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 47:  Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 48: ?Market positioning of vendors?

                10.3 Bayer AG             

                                Exhibit 49:  Bayer AG - Overview

                                Exhibit 50:  Bayer AG - Business segments

                                Exhibit 51:  Bayer AG – Key news

                                Exhibit 52:  Bayer AG - Key offerings

                                Exhibit 53:  Bayer AG - Segment focus

                10.4 Beiersdorf AG    

                                Exhibit 54:  Beiersdorf AG - Overview

                                Exhibit 55:  Beiersdorf AG - Business segments

                                Exhibit 56:  Beiersdorf AG – Key news

                                Exhibit 57:  Beiersdorf AG - Key offerings

                                Exhibit 58:  Beiersdorf AG - Segment focus

                10.5 Core Health and Fitness LLC         

                                Exhibit 59:  Core Health and Fitness LLC - Overview

                                Exhibit 60:  Core Health and Fitness LLC - Product and service

                                Exhibit 61:  Core Health and Fitness LLC - Key offerings

                10.6 Danone SA          

                                Exhibit 62:  Danone SA - Overview

                                Exhibit 63:  Danone SA - Business segments

                                Exhibit 64:  Danone SA – Key news

                                Exhibit 65:  Danone SA - Key offerings

                                Exhibit 66:  Danone SA - Segment focus

                10.7 General Mills Inc.              

                                Exhibit 67:  General Mills Inc. - Overview

                                Exhibit 68:  General Mills Inc. - Business segments

                                Exhibit 69:  General Mills Inc. - Key offerings

                                Exhibit 70:  General Mills Inc. - Segment focus

                10.8 Johnson Health Tech Inc.               

                                Exhibit 71:  Johnson Health Tech Inc.  - Overview

                                Exhibit 72:  Johnson Health Tech Inc.  - Product and service

                                Exhibit 73:  Johnson Health Tech Inc.  - Key offerings

                10.9 Nestle SA             

                                Exhibit 74:  Nestle SA - Overview

                                Exhibit 75:  Nestle SA - Business segments

                                Exhibit 76:  Nestle Sa – Key news

                                Exhibit 77:  Nestle SA - Key offerings

                                Exhibit 78:  Nestle SA - Segment focus

                10.10 PepsiCo Inc.     

                                Exhibit 79:  PepsiCo Inc. - Overview

                                Exhibit 80:  PepsiCo Inc. - Business segments

                                Exhibit 81:  PepsiCo Inc. - Key offerings

                                Exhibit 82:  PepsiCo Inc. - Segment focus

                10.11 Shiseido Co. Ltd              

                                Exhibit 83:  Shiseido Co. Ltd. - Overview

                                Exhibit 84:  Shiseido Co. Ltd. – Key news

                                Exhibit 85:  Shiseido Co. Ltd. - Key offerings

                10.12 The Procter and Gamble Co.      

                                Exhibit 86:  The Procter and Gamble Co. - Overview

                                Exhibit 87:  The Procter and Gamble Co. - Business segments

                                Exhibit 88:  The Procter and Gamble Co. – Key news

                                Exhibit 89:  The Procter and Gamble Co. - Key offerings

                                Exhibit 90:  The Procter and Gamble Co. - Segment focus

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 ????Market definition

                                11.1.2 ????Objectives

                                11.1.3 ????Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 91: ?Currency conversion rates for US$?

                11.3 Research Methodology 

                                Exhibit 92: ?Research Methodology

                                Exhibit 93: ??Validation techniques employed for market sizing?

                                Exhibit 94: ??Information sources

                11.4 List of abbreviations        

                                Exhibit 95: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The health and wellness market market growth will increase by $$ 1.39 tn during 2022-2025.
The health and wellness market market is expected to grow at a CAGR of 6.29% during 2022-2025.
Technavio has segmented the health and wellness market market by product (beauty and personal care products, health and wellness food, Wellness tourism, Fitness equipment, and preventive and personalized health) ,geography (North America, Europe, APAC, South America, and South America) , and geographic (North America, Europe, APAC, and South America).
Bayer AG, Brunswick Corp., Core Health & Fitness LLC, Danone SA, EVOLVE Brands LLC, General Mills Inc., Johnson Health Tech Co. Ltd., Nestlé SA, PepsiCo Inc., The Procter & Gamble Co. are a few of the key vendors in the health and wellness market market.
APAC will register the highest growth rate of 34% among the other regions. Therefore, the health and wellness market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the health and wellness market market growth are:
  • increasing emphasis on promotion of health & wellness activities
  • Growing influence of thermal and mineral springs and spas
The health and wellness market market vendors should focus on grabbing business opportunities from the beauty and personal care products segment as it accounted for the largest market share in the base year.
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