Press release
India Health and Wellness Market 2023-2028: Share, Size, Growth | Forecast
India Health and Wellness Market Report
Report Highlights
How big is the India health and wellness market?
The India health and wellness market is expected to exhibit a growth rate (CAGR) of 5.55% during 2023-2028.
What is health and wellness?
Health and wellness is a state of physical and mental well-being of an individual. It also focuses on maintaining emotional, spiritual, social and environmental aspects of personal health. It plays an essential role in nutrition and weight management, heart and gut health, and immunity. It can be acquired by altering the daily lifestyle, which includes eating a variety of nutrient-rich food, minimizing the consumption of junk food and being active.
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What are the growth prospects and trends in the India health and wellness industry?
At present, sedentary lifestyles and the increasing prevalence of chronic disease represent one of the primary factors positively influencing the market in India. Additionally, the increasing expenditure power and widespread adoption of healthy food habits is offering lucrative growth opportunities to leading players operating in the country. Leading players are also focusing on revenue maximization through product and service diversification. Apart from this, the increasing adoption of organic and naturally sourced food products, which are fortified with essential nutrients, is strengthening the market growth. Furthermore, the launch of specialized therapeutic water, which includes iodine-bromine, for treating bronchitis, rheumatism, circulation disorders, and spinal column ailments is impelling the market growth. Besides this, the rising traction of workplace wellness programs for educating employees about the importance of building healthy habits is catalyzing the demand for health and wellness solutions across India.
What is included in market segmentation?
The report has segmented the market into the following categories:
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
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Breakup by Region:
North India
West and Central India
South India
East India
Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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