GCC Health and Wellness Market Destined to Reach US$ 94.7 Billion (CAGR of 7.1%) During 2023-2028: IMARC Group

According to the latest report by IMARC Group, titled "GCC Health and Wellness Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the GCC health and wellness market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The GCC health and wellness market size reached US$ 63.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 94.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.

Health and wellness refer to the complete state of well-being of the body, mind, and soul of an individual. It encompasses a holistic approach to achieving optimal health and high quality of life. It involves maintaining a well-functioning body through proper nutrition, regular exercise, and adequate rest. It includes preventive measures such as immunizations and screenings to detect potential health issues early on. Additionally, it focuses on maintaining a positive mindset, managing stress effectively, and fostering healthy relationships. Wellness involves making conscious choices to promote a balanced and fulfilling lifestyle. As a result, it is gaining popularity as individuals focus on the most crucial aspects of health and wellness, including fitness, nutrition, personal care, weight management, and preventive medicines.

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GCC Health and Wellness Market Trends:

The growing health consciousness among individuals is driving the market in GCC. Moreover, the prevalence of chronic diseases such as obesity, diabetes, and cardiovascular conditions is catalyzing the market. Apart from this, developments in mobile apps, fitness trackers, and online platforms are fuelling the market as they provide convenient access to health information, fitness programs, and virtual consultations with healthcare professionals.

On account of rising awareness about health and wellness, there is a growing demand for diabetic-friendly snacks, immunity-boosting products, and fortified foods, which is creating a positive market outlook. Other factors, such as the rise of social media platforms, the influence of health and wellness influencers, expanding geriatric populations, and an increasing number of sports and fitness training centers, are also influencing the market across GCC.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/gcc-health-wellness-market

Key Market Segmentation:

Breakup by Product Type:

• Functional Foods and Beverages
• Beauty and Personal Care Products
• Preventive and Personalized Medicinal Products
• Others

Breakup by Functionality:

• Nutrition & Weight Management
• Heart & Gut Health
• Immunity
• Bone Health
• Skin Health
• Others

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Breakup by Country:

• Saudi Arabia
• UAE
• Qatar
• Oman
• Kuwait
• Bahrain

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

This release was published on openPR.