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Health and Wellness Market 2021 Global Industry Forecasts Analysis, Competitive Landscape and Key Regions Analysis: grow at a CAGR of 4.4 % and is anticipated to reach around USD 7.5 Billion by 2025
The global health and wellness market in 2020 was approximately USD 5.6 billion. The market is expected to grow at a CAGR of 4.4 % and is anticipated to reach around USD 7.5 Billion by 2025. The rising incidence of chronic lifestyle diseases across the world is one of the major factors accelerating the growth of the market.
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Due to the inactive lifestyles and hectic schedules, the incidence of blood pressure, diabetes, asthma, arthritis, cancer, obesity and other stress-related disorders has surged significantly. This has promoted the masses to adopt several healthcare activities, such as yoga, meditation and athletics.
Moreover, the rising trend of using wearable devices, such as fitness bands and trackers, is also providing a foster to the market growth. On the other hand, the high cost of the products related to the health and wellness will impede the market growth.
The market for health and wellness is intensely competitive and is highly fragmented. The vendors in the health and wellness market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
Key players in the market are Amway Corp., Bayer AG, Fitness First, Danone, Herbalife Nutrition Ltd., David Lloyd Leisure Ltd., Holland & Barrett Retail Limited, L'Oreal SA, Nestle SA, Vitabiotics Ltd, Procter & Gamble, Unilever and Others.
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Based On The Application, The Global Health and Wellness Market Segmented Into
Beauty and Personal Care Products
Preventive and Personalized Medicinal Products
Functional Foods and Beverages
Others
Based On The Functionality, The Global Health and Wellness Market Segmented Into
Nutrition & Weight Management
Heart & Gut Health
Immunity
Bone Health
Skin Health
Others
Based On The Region, The Global Health and Wellness Market Segmented Into
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
Report Highlights
Global Health and Wellness Market sizes from 2017 to 2024
Market growth projections through 2024 and the resultant market forecast for 2024
Impact of the market dynamics including market drivers, restraints and opportunities in the market size
Key industry trends, product trends, and application trends
Major driving/ leading segmentations, regions and countries in the Global Health and Wellness Market
Competitive analysis with comprehensive company profiles of the leading industry players
In-depth analysis on growth and expansion strategies adopted by market players and their resulting effect on market growth and competition
The report scope also includes competitive landscape covering the competitive analysis, strategy analysis and company profiles of the major market players. The companies profiled in the report include Amway Corp, Bayer AG, Fitness First, Danone, Herbalife Nutrition Ltd, David Lloyd Leisure Ltd, Holland & Barrett Retail Limited, L'Oreal SA, Nestle SA, Vitabiotics Ltd, Procter & Gamble, Unilever, Others
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