Latest News- Health And Wellness Market: Beauty and personal care products is expected to lead the Product Type segment during 2025-2029

The Health And Wellness Market is being driven by Increasing emphasis on promotion of health and wellness activities and programs

The Health And Wellness Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2069.2 billion. The health and wellness market has witnessed a significant surge in demand due to the increasing prevalence of various physical and mental conditions such as rheumatism, circulation disorders, joint health issues, spinal column ailments, bronchitis, and asthma. In response, the global spa industry has experienced substantial growth, with Europe, North America, and Asia leading the way. Notably, Europe is home to numerous renowned thermal and mineral springs and spas, including Bains de Dorres in the Pyrenees, France, Bad Gastein in Austria, Szechenyi Baths in Budapest, Hungary, Chateau des Thermes in Buxton, UK, and Chaudfontaine in Belgium. These establishments leverage the therapeutic properties of naturally sourced thermal and mineral waters to provide effective treatments for their clients. The growing consumer interest in wellness and self-care has further fueled the expansion of this sector, making it an attractive business opportunity.

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

Product Type
- Beauty and personal care products
- Health and wellness food
- Wellness tourism
- Fitness equipment
- Preventive and personalized health
Distribution Channel
- Online
- Offline
End-User
- Adults
- Children
- Seniors
Category Type
- Organic
- Natural
- Functional Foods
- Plant-Based
Geography
- North America
  - Canada
  - Mexico
  - US
- Europe
  - Germany
  - UK
  - France
- APAC
  - China
  - India
  - Japan
  - South Korea
- South America
  - Brazil
- Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:

Increasing emphasis on promotion of health and wellness activities and programs
Increasing incidences of chronic diseases, stress, and other adverse health conditions
Rising number of new product launches in market

However, the market also witnesses some limitations, which are as follows:

Frequent product recalls
Lack of cost transparency and value-based payments
High degree of disorganization, price instability, and lack of skilled manpower

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Market Scope in Health And Wellness Market Research Report

Market Scope
Report Coverage	Details
Page number	215
Base year	2024
Historic period	2019-2023
Forecast period	2025-2029
Growth momentum & CAGR	Accelerate at a CAGR of 7.1%
Market growth 2025-2029	USD 2069.2 billion
Market structure	fragmentation
YoY growth 2024-2025(%)	6.5
Key countries	US, China, Germany, Japan, UK, Australia, India, France, Brazil, Canada, UAE, Rest of World (ROW), Saudi Arabia, France, South Korea, Mexico, The Netherlands, US, China, Germany, France, Canada, India, UK, Japan, Brazil, and UAE
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Health and Wellness Market encompasses various sectors including Exercise Physiology, Sports Nutrition, Healthy Aging, Chronic Disease Prevention, Immune System Support, Gut Microbiome, Healthy Gut, Mind-Body Connection, Stress Reduction, Sleep Hygiene, Healthy Weight Management, Nutrition Education, Behavior Change, Health Literacy, Disease Prevention, Health Promotion, Public Health, Community Health, Wellness Tourism, Alternative Therapies, Complementary Medicine, Integrative Health, Healthy Lifestyle Choices, Evidence-Based Medicine, Clinical Trials, Health Outcomes, Patient Engagement, and Disease Management. These areas focus on enhancing physical and mental well-being through science-backed approaches, promoting disease prevention, and improving overall health and quality of life.

Market Research Overview

The functional foods, nutritional supplements, and probiotics sectors fall under the broader health and wellness market, which is a significant segment within the global hotels, resorts, and cruise lines industry. This market encompasses companies operating in casinos and gaming, hotels, resorts and cruise lines, leisure facilities, and restaurants. According to Technavio, industry growth is driven by the expanding travel and tourism sector, with increasing numbers of individuals from both emerging and developed economies engaging in international travel. Additionally, the trend towards personalized nutrition and wellness programs is fueling demand for health-conscious offerings within the hospitality industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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