Key Highlights
- The global wellness market was valued at approximately $4.75 trillion in 2021
- The wellness industry grew by 10.6% in 2020 despite the COVID-19 pandemic
- The health and wellness tourism market is expected to reach $1.34 trillion by 2027
- 75% of consumers globally are willing to pay more for products and services that promote wellness
- The mental health and well-being industry is projected to reach $273.4 billion by 2027
- The global fitness industry was valued at $96 billion in 2021 and is projected to reach $147.7 billion by 2026
- 43% of consumers say that “self-care” is more important now than it was five years ago
- Online fitness classes revenue increased by 300% during the COVID-19 pandemic
- The global organic personal care market size was valued at $17.6 billion in 2020 and is expected to grow at a CAGR of 9.4% from 2021 to 2028
- The wellness technology market is estimated to reach $6.4 billion by 2025, growing at a CAGR of 34.2%
- The number of meditation apps available globally increased by over 120% between 2019 and 2021
- The global spa industry revenue was over $94 billion in 2020, with a projected CAGR of 5.1% until 2028
- Roughly 60% of adults in the US practice some form of meditation, yoga, or mindfulness activity regularly
The wellness industry is experiencing unprecedented growth, with a staggering $4.75 trillion market value in 2021 and emerging trends like virtual fitness, personalized health plans, and eco-friendly products fueling its global expansion at a rapid pace.
Consumer Behavior & Preferences
- 75% of consumers globally are willing to pay more for products and services that promote wellness
- 43% of consumers say that “self-care” is more important now than it was five years ago
- Roughly 60% of adults in the US practice some form of meditation, yoga, or mindfulness activity regularly
- 45% of consumers worldwide are interested in personalized wellness plans/products
- The number of vegan consumers has increased by 300% in the last decade globally
- 65% of Americans seek natural remedies for health issues rather than pharmaceuticals
- 50% of consumers are interested in wellness retreats and experiences abroad, especially in spa-focused destinations
- Consumers who participate in regular wellness activities report 30% higher life satisfaction levels
- The number of people engaging in virtual wellness and fitness classes increased by 150% during the pandemic
- 40% of consumers worldwide now use wearable health devices daily
- 80% of consumers report trying to incorporate mindfulness into daily routines
- Nearly 50% of consumers are interested in wellness apps for mental health support
- The rise of personalized nutrition plans has contributed to a 20% increase in customer satisfaction and adherence rates
- 55% of consumers in the US use or are interested in using natural and organic products for wellness
- The use of biohacking techniques such as nootropics and advanced sleep strategies is on the rise, with a 35% increase reported from 2020 to 2022
- The percentage of households with home gyms increased by 25% during the pandemic, reflecting ongoing wellness prioritization
- 70% of young adults aged 18-34 engage regularly in wellness activities like yoga, meditation, or fitness
- The number of people using functional beverages increased by 130% from 2018 to 2022, with health benefits being a key driver
- The demand for eco-friendly wellness products surged by 40% in 2022, reflecting rising consumer environmental awareness
- 65% of consumers are interested in using app-based virtual health coaching services
Consumer Behavior & Preferences Interpretation
Market Segments & Products
- The global fitness industry was valued at $96 billion in 2021 and is projected to reach $147.7 billion by 2026
- Online fitness classes revenue increased by 300% during the COVID-19 pandemic
- The global organic personal care market size was valued at $17.6 billion in 2020 and is expected to grow at a CAGR of 9.4% from 2021 to 2028
- The number of meditation apps available globally increased by over 120% between 2019 and 2021
- The global spa industry revenue was over $94 billion in 2020, with a projected CAGR of 5.1% until 2028
- The plant-based beverage market was valued at around $15.74 billion in 2020 and is expected to grow significantly
- The global probiotics market was valued at $63.4 billion in 2021 and is projected to grow at a CAGR of 8.3% through 2028
- The health club industry in the US has over 70 million members, contributing to a $30 billion revenue sector
- The global menstrual health products market is expected to reach $10 billion by 2026, with a CAGR of 6.4%
- The global aromatherapy market size was valued at $1.8 billion in 2020 and is expected to grow at a CAGR of 8.1% until 2028
- The global hotel spa market is projected to grow at a CAGR of 4.2% from 2021 to 2028, reaching over $12 billion in revenue
- The yoga clothing market is expected to reach $77 billion by 2027, growing at a CAGR of 9.2%
- The global CBD market size was valued at $5 billion in 2020 and is forecasted to reach $20 billion by 2024
- The interest in gut health products is expected to grow at a CAGR of 8% from 2022 to 2030, reaching a market size of over $55 billion
- Sustainable/organic food sales increased by 12% in 2022 alone, reaching $225 billion globally
- The global herbal supplement market was valued at over $8 billion in 2021 and is expected to grow at a CAGR of 6.2% through 2028
- The global sleep aids market size was over $74 billion in 2020 and is projected to grow at a CAGR of 4.8% through 2028
- The global nutritional supplement market is expected to reach $178 billion by 2024, with a CAGR of 8.2%
- The global functional food market was valued at $167 billion in 2020 and is projected to reach $275 billion by 2025
- The organic food market sales in the U.S. increased by 4.6% in 2022 to reach $63 billion
- The global CBD skincare market is projected to grow at a CAGR of 22% from 2021 to 2028, reaching $1.2 billion
- The global hormonal health market size is projected to reach $2.6 billion by 2026, with a CAGR of 6.9%
- The global allergy and asthma healthcare market is expected to reach $25 billion by 2027, growing at a CAGR of 4.4%
Market Segments & Products Interpretation
Wellness Market & Industry Growth
- The global wellness market was valued at approximately $4.75 trillion in 2021
- The wellness industry grew by 10.6% in 2020 despite the COVID-19 pandemic
- The health and wellness tourism market is expected to reach $1.34 trillion by 2027
- The mental health and well-being industry is projected to reach $273.4 billion by 2027
- The wellness technology market is estimated to reach $6.4 billion by 2025, growing at a CAGR of 34.2%
- The use of wellness tracking devices increased by 27% globally between 2020 and 2022
- Natural supplements sales in the U.S. surpassed $18 billion in 2022, with an annual growth rate of around 8%
- The global health coaching market is projected to reach $1.36 billion by 2027, growing at a CAGR of 5.1%
- The ATES (Active Teen Exercise & Sports) programs have increased participation among teens by 25% over five years, enhancing youth wellness
- Mental wellness app usage increased by over 120% from 2020 to 2023
- The global wellness tourism market is expected to reach $1.5 trillion by 2027, growing at a CAGR of 10.6%
Wellness Market & Industry Growth Interpretation
Sources & References
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- Reference 6GLOBENEWSWIREResearch Publication(2024)Visit source
- Reference 7MEDITATIONAPPResearch Publication(2024)Visit source
- Reference 8REPORTLABResearch Publication(2024)Visit source
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