Global Health and Wellness Market 2019-2023

Global Health and Wellness Market 2019-2023

About this market

One of the major drivers expected to drive the growth of the market during the forecast period is the increased emphasis on effective health and wellness products and a healthy lifestyle by consumers globally. The primary reason driving this increased adoption is the improving economic condition of countries worldwide, which gives liberty to lower- and middle-class consumers to spend more on their health and well-being. Also, many vendors have been focusing on launching free health coaching, giveaway campaigns, community gatherings centered around self-care, nutrition, and others. Many health and wellness brands, including Weight Watchers, Bodybuilding.com, and CrossFit, successfully market their products through social media channels, such as Twitter and Facebook, and they have been instrumental in spreading the popularity of health and wellness products among consumers. Therefore, the rising adoption of health and wellness among all demographics is a significant factor that is estimated to positively impact the growth of the global health and wellness market during the forecast period. Technavio’s analysts have predicted that the health and wellness market will register a CAGR of about 6% by 2023.

Market Overview

The rising number of new products launches in the market

The growth of the global health and wellness market is being propelled by the increasing number of new product launches, especially pertaining to industries like packaged health and wellness food product and beauty and personal care product. Several vendors in the market are focusing on launching a new product named 'Nivea Milk Delights' in women's facewash category in the Indian market. Moreover, they are also starting a high protein drink with zero sugar called Protinex Lite under the brand name Protinex. Vendors have been focusing on innovating the packaged health and wellness food and beauty and personal care products category by including better quality ingredients. Therefore, the rising number of new product launches in the market will drive the growth of the market during the forecast period.



The high degree of disorganization, price instability, and lack of skilled workforce

The low-entry barrier in the global health and wellness market has been the major reason behind the high degree of disorganization prevalent in the health and wellness market, which creates additional pressure on the established and organized players. The opening of numerous small-sized spas and health and wellness centers in numerous developed and developing economies across the world have given rise to price disparity, as such small-sized enterprises offer services at low costs and have an unskilled workforce at their disposal. A lack of appropriate training standards and universally accepted accreditations adversely affects the quality of training being imparted in local academies, thereby leading to a rise in the unskilled workforce. This decreases consumer confidence in availing health and wellness services. Therefore, a high degree of disorganization, lack of skilled workforce, and price instability present a massive threat to the growth of the global health and wellness market.

For the detailed list of factors that will drive and challenge the growth of the health and wellness market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented. The presence of several companies including Bayer AG and Brunswick Corp. makes the competitive environment quite intense. Factors such as the rising number of new product launches in the market and the increasing emphasis on the promotion of health and wellness activities and programs will provide significant growth opportunities to the health and wellness companies. Danone SA, Nestlé SA, and Procter & Gamble Co. are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Health and Wellness Market 2019-2023

Technavio recognizes the following companies as the key players in the global health and wellness market: Bayer AG, Brunswick Corp., Danone SA, Nestlé SA, and Procter & Gamble Co.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the rising demand for organic, eco-friendly, clean-labeled, and sustainable health and wellness products.”

According to the report, one of the major drivers in this market is the increasing incidences of chronic diseases, stress, and other adverse health conditions.

Further, the report states that one of the major factors hindering the growth of this market is the lack of cost transparency and value-based payments.

Companies Mentioned

Bayer AG

Brunswick Corp.

Danone SA

Nestlé SA

Procter & Gamble Co."

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global wellness market
      • Table Segments of global wellness market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Health and wellness food - Market size and forecast 2018- 2023
      • Table Health and wellness food - Market size and forecast 2018-2023 ($ billions)
      • Table Health and wellness food - Year-over-year growth 2019-2023 (%)
    • Wellness tourism - Market size and forecast 2018-2023
      • Table Wellness tourism - Market size and forecast 2018-2023 ($ billions)
      • Table Wellness tourism - Year-over-year growth 2019-2023 (%)
    • Beauty and personal care products - Market size and forecast 2018-2023
      • Table Beauty and personal care products - Market size and forecast 2018-2023 ($ billions)
      • Table Beauty and personal care products - Year-over-year growth 2019-2023 (%)
    • Preventive and personalized health - Market size and forecast 2018-2023
      • Table Preventive and personalized health - Market size and forecast 2018-2023 ($ billions)
      • Table Preventive and personalized health - Year-over-year growth 2019-2023 (%)
    • Fitness equipment - Market size and forecast 2018-2023
      • Table Fitness equipment - Market size and forecast 2018-2023 ($ billions)
      • Table Fitness equipment - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ billions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ billions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ billions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ billions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Growing influence of thermal and mineral springs and spas
    • Rising demand for organic, eco-friendly, clean-labeled, and sustainable health and wellness products
    • Growing number of distribution deals, technological associations, collaborations, and acquisitions
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Bayer AG
      • Table Bayer AG - Vendor overview
      • Table Bayer AG - Business segments
      • Table Bayer AG - Organizational developments
      • Table Bayer AG - Geographic focus
      • Table Bayer AG - Segment focus
      • Table Bayer AG - Key offerings
    • Brunswick Corp.
      • Table Brunswick Corp. - Vendor overview
      • Table Brunswick Corp. - Business segments
      • Table Brunswick Corp. - Organizational developments
      • Table Brunswick Corp. - Geographic focus
      • Table Brunswick Corp. - Segment focus
      • Table Brunswick Corp. - Key offerings
    • Danone SA
      • Table Danone SA - Vendor overview
      • Table Danone SA - Business segments
      • Table Danone SA - Organizational developments
      • Table Danone SA - Geographic focus
      • Table Danone SA - Segment focus
      • Table Danone SA - Key offerings
    • Nestlé SA
      • Table Nestlé SA - Vendor overview
      • Table Nestlé SA - Business segments
      • Table Nestlé SA - Organizational developments
      • Table Nestlé SA - Geographic focus
      • Table Nestlé SA - Segment focus
      • Table Nestlé SA - Key offerings
    • Procter & Gamble Co.
      • Table Procter & Gamble Co. - Vendor overview
      • Table Procter & Gamble Co. - Business segments
      • Table Procter & Gamble Co. - Organizational developments
      • Table Procter & Gamble Co. - Geographic focus
      • Table Procter & Gamble Co. - Segment focus
      • Table Procter & Gamble Co. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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