Chat with us, powered by LiveChat

Loading...

Health and Wellness Market, by Product Type

RA00152

Health and Wellness Market, by Product Type (Beauty & Personal Care Products, Health & Wellness Food, Wellness Tourism, and Fitness Equipment, Preventive & Personalized Health), Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00152

Pages: 110

Mar 2020

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Health and Wellness Market

Global Health and Wellness Market Insights 2026:

According to the global health and wellness market analysis by Research Dive, thismarket generated a revenue of over $4,514.3 million in 2018, and is further projected to account for $6,543.4 million by the end of 2026, at a CAGR of 4.8%.In 2018, the North America region registered aconsiderable share in the global market, and is estimated to continue its growth in the forecast time. This dominance is majorly owing to wide use of health and wellness products and their derivatives in this region.Asia-Pacific regional market is projected to experience a significant growth during the forecast time and is anticipated to generate$1,995.7 million by 2026.

Health and wellness is a dynamic process of achieving finest state of physical and mental presence. Also, it is a progression of pleasant awareness and selecting of choices toward a well and fulfilling life. Having healthy foods including vegetables along with protein and upholding an energetic lifestyle contribute suggestively to personalstate of health and wellness. To accomplish a complete state of health and wellness is not only maintaining good exercise and eating habits. Moreover, it also includes personalparticipation in terms of emotional, occupational, social and spiritual influences that will improve physical and mental presence.

Rising demand for thermal & mineral springs and spas is a major driving factor for the growth of the health and wellness market

Growing demand for spas along with thermal & mineral spring’s centers across the globe is one of the significant health and wellness market drivers.Also, increase in number of artificial thermal & mineral springs and health spas to treat physical and mental conditions, will also provide significant boost to the global health and wellness market. Likewise, poor mental condition may adversely influence the physical state of the individual. This factor is supporting the significant growth of the health spas industry, which is driving the health and wellness market growth.Moreover, thermal springs and health spas can treat patients suffering from abnormal blood circulation, hypertension, skin infections, stress, and help in detoxification of the body.The benefits provided by them is projected to boost the market growth.In addition, there isincreasing prevalence of chronic disorders coupled with rising number of people suffering from asthma, arthritis and cancer. Thesefactors are increasing the adoption of health and wellness services across the globe.

High cost of the products and services is a key restraining factor for the growth of the health and wellness market

The high cost associated with health and wellness products and services is a significant restraint for the market growth. Also, huge investments are required for establishing and maintaining of thermal springs and health spas; whichis predicted to limit the market growth.

Growing trend for organic and sustainable products and services is anticipated to produce enormous investment opportunities in the health and wellness market

Growing demand for eco-friendly organic food products along with the growth in the requirement of sustainable health and wellness products and services are generating immense growth opportunities for the health and wellness market. In addition, the established manufacturers are augmenting technological collaborations, acquisitions and product developments to meet the requirement of products; this factor is further projected to propel the market growth in the near future. 

Health & wellness food segment will witness to grow at a faster rate of 5.5% CAGR and is projected to continue its trend in terms of generating revenue during the estimated time. Along with,Wellness tourism
type segment is projected to grow at a rate of 4.8% CAGR in the forecast time.Wellness tourism has become one of the significant strategies to attract and entertain tourists. Also, wellness tourism plays a major role in hospitality industry such as hotels, tourist destinations and resorts. Due to growing importance of wellness tourism, the market for wellness tourism type segment will reach $1,017.8 million by 2026.

Asia Pacific region is projected to grow at faster rate at a CAGR of 5.3% during the forecast time

North America region accounted for the majority of the health and wellness market share, which was 39.7% in 2018 and is anticipated to continue its trend and occupy highest share in terms of revenue during the forecast period. This dominance is majorly owing to wide usage of health and wellness services and products in the developed countries like U.S. and Canada. In addition, growing incidence of chronic diseases along with major manufacturers increasing the number of product launches in these countries are anticipated to drive the market size in the estimated time. Due to the prevalence of chronic diseases, the North America market is predicted to reach $2,519.2 million by the end of 2026.

Asia-Pacific regional market is anticipated to witness a healthy growth; it is anticipated to continue its growth by generating substantial revenue throughout the estimated time. This expected growth is attributed to the growing awareness on importance of health and wellness products and services among the people in the Asia-Pacific region. Also, growing demand for wellness tourism and favorable government initiatives are significantly supporting the growth of the market in the Asia-Pacific region. Due to the risein demand for health and wellness services, the Asia-Pacific market is estimated to reach $1,995.7 million by 2026, increasing from $1,324.4 million in 2018.

To explore more about Health and Wellness Market, get in touch with our analysts here.https://www.researchdive.com/connect-to-analyst/152

Global health and wellness market players areAbbott, B. Braun Melsungen AG, L’Oréal, Nestlé, General Mills Inc., Omron Healthcare, Inc., Medtronic, Koninklijke Philips N.V., LifeScan, Animas LLC, Johnson & Johnson Services, Inc., The Coca-Cola Company, F. Hoffmann-La Roche Ltd, among others. Significant players are undertaking various strategies including mergers & acquisitions and collaborations & partnerships to gain a competitive share in the global health and wellness industry. The most frequent approaches followed by key players are regional expansions and displaying product portfolio.

Porter’s Five Forces Analysis for Health and Wellness Market:

  •  Bargaining Power of Suppliers: The majordealers in the health and wellness market use exchanging power to gain high prices. In addition, changing prices form one dealer to the other dealer is estimated to be high.
    The bargaining power of suppliers is HIGH.

  •  Bargaining Power of Consumers: This market contains high concentration of buyers and demand for the health and wellness products and their derivative are increasing rapidly. 
    The bargaining power of the consumer is HIGH.

  •  Threat of New Entrants: Stringent government regulations and high investments are required for installation and maintenance of products; these factors offerriskfor new entrants into the market.
    The threat of new entrants is LOW.

  •  Threat of Substitutes: This market has no alternative health and wellness products andservices; this offer great value for health and wellness market.
    The threat of substitutes is LOW.

  •  Competitive Rivalry in the Market: Health and wellness market contains high number of large, small and medium enterprises. The established market players are majorly adopting strategies include technological advancements, product developments and acquisitions. These are most frequent strategies followed by established market players and creating high competitive rivalry in the global health and wellness market.
    The competitive rivalry in the industry is HIGH.

 

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Product Type

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

  Key Countries Covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

  Key Companies Profiled

  • Abbott
  • B. Braun Melsungen AG
  • L’Oréal
  • Nestlé
  • General Mills Inc.
  • Omron Healthcare, Inc.
  • Medtronic
  • Koninklijke Philips N.V.
  • LifeScan
  • Animas LLC
  • Johnson & Johnson Services, Inc.
  • The Coca-Cola Company
  • F. Hoffmann-La Roche Ltd

 


FREQUENTLY ASKED QUESTIONS?
 

A. The global health and wellness market size was over $4,514.3 million in 2018, and is further anticipated to reach $6,543.4 million by 2026.

A. Abbott, B. Braun Melsungen AG, Nestlé, Omron Healthcare, Inc. and Johnson & Johnson Services, Inc. are some of the key players in the global health and wellness market.

A. Asia Pacific possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. Asia Pacifichealth and wellness market is projected to grow at a5.3% CAGRduring the forecast period.

A. Product development, and joint ventures are the key strategies opted by the operating companies in this market.

A. Abbott, Nestlé, Omron Healthcare, Inc. and LifeScan are investing more on R&D activities for developing new products and technologies.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Product Type trends

3. Market overview

3.1. Market segmentation & definitions
3.2. key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview

3.8.1. By product type

3.9. Market value chain analysis

3.9.1. Stress point analysis
3.9.2. Distribution channel analysis
3.9.3. Operating vendors

3.9.3.1. Raw material suppliers
3.9.3.2. Product manufacturers
3.9.3.3. Product distributors

3.10. Strategic overview

4. Health and Wellness Market, by Product Type

4.1. Beauty & Personal Care Products

4.1.1. Market size and forecast, by region, 2018-2026
4.1.2. Comparative market share analysis, 2018 & 2026

4.2. Health & Wellness Food

4.2.1. Market size and forecast, by region, 2018-2026
4.2.2. Comparative market share analysis, 2018 & 2026

4.3. Wellness Tourism

4.3.1. Market size and forecast, by region, 2018-2026
4.3.2. Comparative market share analysis, 2018 & 2026

4.4. Fitness Equipment

4.4.1. Market size and forecast, by region, 2018-2026
4.4.2. Comparative market share analysis, 2018 & 2026

4.5. Preventive & Personalized Health

4.5.1. Market size and forecast, by region, 2018-2026
4.5.2. Comparative market share analysis, 2018 & 2026

5. Health and Wellness Market, by Region

5.1. North America

5.1.1. Market size and forecast, by product type, 2018-2026
5.1.2. Market size and forecast, by country, 2018-2026
5.1.3. Comparative market share analysis, 2018 & 2026
5.1.4. U.S.

5.1.4.1. Market size and forecast, by product type, 2018-2026
5.1.4.2. Comparative market share analysis, 2018 & 2026

5.1.5. Canada

5.1.5.1. Market size and forecast, by product type, 2018-2026
5.1.5.2. Comparative market share analysis, 2018 & 2026

5.1.6. Mexico

5.1.6.1. Market size and forecast, by product type, 2018-2026
5.1.6.2. Comparative market share analysis, 2018 & 2026

5.2. Europe

5.2.1. Market size and forecast, by product type, 2018-2026
5.2.2. Market size and forecast, by country, 2018-2026
5.2.3. Comparative market share analysis, 2018 & 2026

5.2.4. UK

5.2.4.1. Market size and forecast, by product type, 2018-2026
5.2.4.2. Comparative market share analysis, 2018 & 2026

5.2.5. Germany

5.2.5.1. Market size and forecast, by product type, 2018-2026
5.2.5.2. Comparative market share analysis, 2018 & 2026

5.2.6. France

5.2.6.1. Market size and forecast, by product type, 2018-2026
5.2.6.2. Comparative market share analysis, 2018 & 2026

5.2.7. Spain

5.2.7.1. Market size and forecast, by product type, 2018-2026
5.2.7.2. Comparative market share analysis, 2018 & 2026

5.2.8. Italy

5.2.8.1. Market size and forecast, by product type, 2018-2026
5.2.8.2. Comparative market share analysis, 2018 & 2026

5.2.9. Rest of Europe

5.2.9.1. Market size and forecast, by product type, 2018-2026
5.2.9.2. Comparative market share analysis, 2018 & 2026

5.3. Asia Pacific

5.3.1. Market size and forecast, by product type, 2018-2026
5.3.2. Market size and forecast, by country, 2018-2026
5.3.3. Comparative market share analysis, 2018 & 2026

5.3.4. China

5.3.4.1. Market size and forecast, by product type, 2018-2026
5.3.4.2. Comparative market share analysis, 2018 & 2026

5.3.5. Japan

5.3.5.1. Market size and forecast, by product type, 2018-2026
5.3.5.2. Comparative market share analysis, 2018 & 2026

5.3.6. India

5.3.6.1. Market size and forecast, by product type, 2018-2026
5.3.6.2. Comparative market share analysis, 2018 & 2026

5.3.7. Australia

5.3.7.1. Market size and forecast, by product type, 2018-2026
5.3.7.2. Comparative market share analysis, 2018 & 2026

5.3.8. South Korea

5.3.8.1. Market size and forecast, by product type, 2018-2026
5.3.8.2. Comparative market share analysis, 2018 & 2026

5.3.9. Rest of Asia Pacific

5.3.9.1. Market size and forecast, by product type, 2018-2026
5.3.9.2. Comparative market share analysis, 2018 & 2026

5.4. LAMEA

5.4.1. Market size and forecast, by product type, 2018-2026
5.4.2. Market size and forecast, by country, 2018-2026
5.4.3. Comparative market share analysis, 2018 & 2026
5.4.4. Latin America

5.4.4.1. Market size and forecast, by product type, 2018-2026
5.4.4.2. Comparative market share analysis, 2018 & 2026

5.4.5. Middle East

5.4.5.1. Market size and forecast, by product type, 2018-2026
5.4.5.2. Comparative market share analysis, 2018 & 2026

5.4.6. Africa

5.4.6.1. Market size and forecast, by product type, 2018-2026
5.4.6.2. Comparative market share analysis, 2018 & 2026

5.4.7. Rest of LAMEA

5.4.7.1. Market size and forecast, by product type, 2018-2026
5.4.7.2. Comparative market share analysis, 2018 & 2026

6. Company profiles

6.1. Abbott

6.1.1. Business overview
6.1.2. Financial performance
6.1.3. Product portfolio
6.1.4. Recent strategic moves & developments
6.1.5. SWOT analysis

6.2. B. Braun Melsungen AG

6.2.1. Business overview
6.2.2. Financial performance
6.2.3. Product portfolio
6.2.4. Recent strategic moves & developments
6.2.5. SWOT analysis

6.3. L’Oréal

6.3.1. Business overview
6.3.2. Financial performance
6.3.3. Product portfolio
6.3.4. Recent strategic moves & developments
6.3.5. SWOT analysis

6.4. Nestlé

6.4.1. Business overview
6.4.2. Financial performance
6.4.3. Product portfolio
6.4.4. Recent strategic moves & developments
6.4.5. SWOT analysis

6.5. General Mills Inc.

6.5.1. Business overview
6.5.2. Financial performance
6.5.3. Product portfolio
6.5.4. Recent strategic moves & developments
6.5.5. SWOT analysis

6.6. Omron Healthcare, Inc.

6.6.1. Business overview
6.6.2. Financial performance
6.6.3. Product portfolio
6.6.4. Recent strategic moves & developments
6.6.5. SWOT analysis

6.7. Medtronic

6.7.1. Business overview
6.7.2. Financial performance
6.7.3. Product portfolio
6.7.4. Recent strategic moves & developments
6.7.5. SWOT analysis

6.8. Koninklijke Philips N.V.

6.8.1. Business overview
6.8.2. Financial performance
6.8.3. Product portfolio
6.8.4. Recent strategic moves & developments
6.8.5. SWOT analysis

6.9. LifeScan

6.9.1. Business overview
6.9.2. Financial performance
6.9.3. Product portfolio
6.9.4. Recent strategic moves & developments
6.9.5. SWOT analysis

6.10. Animas LLC

6.10.1. Business overview
6.10.2. Financial performance
6.10.3. Product portfolio
6.10.4. Recent strategic moves & developments
6.10.5. SWOT analysis

6.11. Johnson & Johnson Services, Inc.

6.11.1. Business overview
6.11.2. Financial performance
6.11.3. Product portfolio
6.11.4. Recent strategic moves & developments
6.11.5. SWOT analysis

6.12. The Coca-Cola Company

6.12.1. Business overview
6.12.2. Financial performance
6.12.3. Product portfolio
6.12.4. Recent strategic moves & developments
6.12.5. SWOT analysis

6.13. F. Hoffmann-La Roche Ltd

6.13.1. Business overview
6.13.2. Financial performance
6.13.3. Product portfolio
6.13.4. Recent strategic moves & developments
6.13.5. SWOT analysis

The panorama for consumer health and wellness is continuously shifting. Consumers are now focused toward making healthy changes to their lifestyle for living a better life. As people are turning their focus on a more holistic approach to their health and well-being, several brands and manufacturers are hugely investing in health and wellness products as well as services. 

The health and wellness sector covers all activities which encourage physical and mental well-being. From healthy diet, personal care, beauty, nutrition, to meditation, weight-loss, spa treatments,and wellness tourismthehealth and wellness sector takes care of offering all these facilities to customers all across the globe. Today, this sector is experiencingtremendous growth because of the growing emphasis of people on healthcare and their changing lifestyles. Also, a research report by Research Dive states that the global health and wellness market  all across the globe will increase by a CAGR of 4.8% by 2026.

The rise of health and wellness trends 

We live in a modern era, where we have access to various luxury services that can uplift our mental as well as physical well-being. Nowadays, people are opting for spas and thermal & mineral spring treatments.These treatments are seen as a remedy to cure patients suffering from stress, hypertension, skin infections,abnormal blood circulation, and detoxification of the body. The advantages of thermal springs and health spas are majorly acting as a booster to the growth of health and wellness industry. Furthermore, risingoccurrences of chronic disorders and diseases like asthma, arthritis and cancer are increasing the adoption of health and wellness services all across the world. Whereas, rise in trends for organic and sustainable products and services are seen as a major factor boosting the popularity of health and wellness sector.

Developments in the health and wellness sector    

When it comes to current health and wellness craze, there is certainly a lot to keep up with. Several companies are coming up with interesting and new products and services that promise a better life. These companies are heavily investing for discovering products or services that satisfy customers’ needs. 

In 2019, L'Oréal, the world's leading beauty companyhas announcedpartnership withuBiome, a leader in Microbial Genomics with an aim to advance a novelresearch into the skin microbiome. These microbiomesare nothing but trillions of bacteria that live onthe skin and also act a major barrier to your skin. This collaboration connection L'Oréal's proficiency in the science of skincare with uBiome'sknowledge in microbiome research. With this partnership, the both thesebrandsaim to conduct new research on the skin's bacterial ecosystem, with a goal of providingin-depth skin insights to uBiome's global community. 
Apart from L'Oréal, there are various other brands contributing to the health and wellness sector by engaging themselseves in activities like new product launches, partnerships, merges & acquisitions, and research & development activities. Some of these top brands are Nestlé, Abbott, B. Braun Melsungen AG, Omron Healthcare, Inc., General Mills Inc., Medtronic, Koninklijke Philips N.V., Johnson & Johnson Services, Inc., The Coca-Cola Company, F. Hoffmann-La Roche Ltd., LifeScan, Animas LLC,and others.

Future scope of the health and wellness industry

Be it beauty & personal care products or health & wellness food, wellness & tourism or fitness equipment, every sector of the health and wellness industry is booming. This is mainly because people today are more health conscious. Whereas, growing investments into research and development activities by various companies are fueling the growth of the industry. Considering all these factors, it is clear that the health and wellness industry in on the verge of gaining heights and bring in various novel products and services in the coming years.

Purchase Options

Enquire To Buy

Personalize this research

  • Triangulate with your own data
  • Get Data as per your format and defination
  • Get a deeper dive on a specific application, geography, customer or competitor
10% Off on Customization
Contact Us

Customers Also Viewed