GITNUX MARKETDATA REPORT 2024

Must-Know Wellness Industry Statistics [Current Data]

Highlights: The Most Important Wellness Industry Statistics

  • The global wellness economy was worth $4.5 trillion in 2018.
  • The U.S. wellness market grew by 4.4 percent annually from 2015-2017, more than twice as fast as overall U.S. economy growth.
  • The global wellness industry grew 12.8% in the last two years, from a $3.7 trillion market in 2015 to $4.2 trillion in 2017.
  • In 2017, North America and Europe combined made up 75.3% of global Workspace Wellness expenditures.
  • The wellness tourism market was worth $639 billion in 2018.
  • There are now 830 wellness real estate and community developments built or in development across 33 countries.
  • Annual growth of the wellness industry is expected to rise by over 5% from 2015-2025.
  • The beauty and anti-aging sector of the wellness industry was worth $1,083 billion in 2017.
  • Personal Care, Nutrition, and Weight Loss make up $648 billion – more than a quarter of the Global Wellness Market.
  • More than 77% of consumers report that they are focusing more on their mental health, increasing demand in the wellness industry.
  • The CBD market, a new wing of the wellness industry, it is expected to reach $22 billion by 2022.
  • Work-related stress causes a loss of US $300 billion every year for companies, making corporate wellness a growing focus.
  • The global wellness market is predicted to reach $6 trillion by 2025.
  • Fitness and mind-body sector made $595 billion in 2015 and continued to grow since then.
  • Physical activity programs offered at work have been shown to cut absenteeism by up to 32% and decrease sick leave by 39%.

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Immerse yourself in the pulsing heart of the wellness industry as we delve into its key statistics and trends. A sector that touches upon everything from nutrition to mental health, the wellness industry’s significance continues to grow each year. Our fascination with wellness is far from a passing trend – it’s steadily carved a niche in our lifestyles, and invaluable data supports this fact. This blog post provides a comprehensive exploration of the wellness industry’s statistics, giving you a lens to understand its trajectory, the factors propelling its growth, and the diverse segments contributing to its ever-expanding scope.

The Latest Wellness Industry Statistics Unveiled

The global wellness economy was worth $4.5 trillion in 2018.

Delving into the staggering figure of a $4.5 trillion valuation of the global wellness economy in 2018 uncovers the immense and throbbing heart of the Wellness Industry. Being considered as more than just a side-note in history, this monumental value underscores the ever-growing consumer engagement and proves that people around the globe are investing massively in their well-being. This trend illustrates a lucrative opportunity for businesses to innovate and expand within the industry, while for consumers, it signifies a massive shift towards a healthier, well-balanced lifestyle.

The U.S. wellness market grew by 4.4 percent annually from 2015-2017, more than twice as fast as overall U.S. economy growth.

This captivating piece of data subtly whispers the undeniable significance the wellness industry holds in the U.S. economy. Driven by a consistent annual growth of 4.4 percent from 2015-2017, the industry boldly strides ahead, quickly outpacing the overall economic growth. With its pace more than twice as feverish, it frames an invigorating picture of the burgeoning wellness trend. In other words, it serves as a vibrant testament to the growing affection Americans have towards maintaining a healthy and wholesome life – a trend that doesn’t seem to slow down anytime soon. This robust growth narrative not only underlines the wellness industry’s economic relevance but also offers insightful implications for investors, policy makers, health professionals, and consumers alike.

The global wellness industry grew 12.8% in the last two years, from a $3.7 trillion market in 2015 to $4.2 trillion in 2017.

Undoubtedly, the staggering 12.8% growth of the global wellness industry over a mere two-year period, which saw it catapult from a $3.7 trillion market in 2015 to a colossal $4.2 trillion empire by 2017, underscores a remarkable trend. This exponential boom is a testament to the unabated preoccupation with health and wellness worldwide, reflecting an escalating global consciousness towards adopting healthier lifestyles. This hard-hitting data point, serving as an emblem of growth, unlocks insights into consumers’ evolving attitudes, consumption patterns and the value they place on their wellbeing. It is an invaluable signal to businesses within the sector, hinting at potential market sustainability and offering a peek into the promising landscapes of opportunities waiting to be explored.

In 2017, North America and Europe combined made up 75.3% of global Workspace Wellness expenditures.

Highlighting the remarkable revenue share of North America and Europe in the global Workspace Wellness market in 2017, offers a compelling snapshot of the geographical prevalence of corporate wellness strategies. It underscores the pronounced commitment of Western corporations to employee wellbeing, paving the way for innovative health-centric initiatives. Hence, this numerical gravity not only amplifies the global importance of this industry but also the momentum of wellness-oriented approaches in the corporate culture of these regions. It also potentially suggests an impressive rate of return on investment in wellness programs, thus providing a significant incentive for other regions to invest in workplace wellness initiatives.

The wellness tourism market was worth $639 billion in 2018.

In diving into the depths of the Wellness Industry Statistics, it’s compelling to note a significant beacon of data – a whopping $639 billion valuation assigned to the wellness tourism market in 2018. This formidable figure is the echo of rising global awareness and demand for wellness-related travel. The shifting sands of the industry underline how wellness has nudged its way from being a peripheral factor to holding centre stage in the tourism sector. It attests to a healthy growth indication for wellness providers and a golden opportunity for potential investors, foreshadowing wellness tourism’s essential and burgeoning role in the global wellness economy that resonates well past 2018.

There are now 830 wellness real estate and community developments built or in development across 33 countries.

The very existence of over 830 wellness real estate and community developments spanning 33 countries boldly spotlights the global momentum and acceptance of wellness-driven lifestyles. This surge mirrors our collective shift towards prioritizing health and wellbeing, thus making the wellness industry a pulsing hub of investment and innovation. So, in a blog post dissecting the layers of Wellness Industry Statistics, this particular data point acts as a powerful testament to the scale and impact of the industry. It’s like a numeric paintbrush that paints a vivid picture of the industry’s vibrancy, growth, and potential. It anchors the growing significance of wellness in our everyday spaces – our homes and our communities – thereby showcasing wellness not as a luxury, but as a deeply woven thread in the fabric of contemporary society.

Annual growth of the wellness industry is expected to rise by over 5% from 2015-2025.

In the great wheel of the wellness industry, the spoke of anticipated annual growth over 5% from 2015-2025 happens to be a significant cog. Picture a thriving, vibrant ecosystem, pulsating with more than just the promise of holistic health. Here, it narrates a tale of resilience to economic pressures, a tale harboring the industry’s prolific expansion. As the industry embraces such hearty growth, its impact permeates through employment opportunities, product innovation and capital-investment willingness. This statistic speaks volumes about the potential this thriving sector holds—a testament to its tenacity, relevance, and the burgeoning recognition of wellness in our everyday lives.

The beauty and anti-aging sector of the wellness industry was worth $1,083 billion in 2017.

Painting a picture of the enormous behemoth that is the wellness industry is a daunting task. However, gazing at the staggering $1,083 billion value of the beauty and anti-aging sector in 2017, one can grasp the towering magnitude of this market. This begs readers to consider not only the economic potentness it bristles with, but also the reflection it offers about societal norms, consumer buying behaviors, and the relentless human pursuit of youthfulness and beauty. This titanic figure provides a quantifiable testament to the preponderant influence and scope of the wellness industry, and lays the cornerstone for understanding its profound, multi-level impact on the global economy.

Personal Care, Nutrition, and Weight Loss make up $648 billion – more than a quarter of the Global Wellness Market.

Highlighting this impressive $648 billion figure underscores the gargantuan role that personal care, nutrition, and weight loss plays within the Global Wellness Market. It serves to illustrate the immense consumer interest and substantial economic activity in these areas. Painted by these numbers, the wellness industry emerges as not just a passing trend, but as a significant, ever-growing sector in the global economy. Furthermore, unpacking this statistic places an emphasis on the potential opportunities for businesses and entrepreneurs operating or looking to enter the wellness space, especially those focused on personal care, nutrition, and weight loss sectors, due to the sizeable consumer demand.

More than 77% of consumers report that they are focusing more on their mental health, increasing demand in the wellness industry.

Delving into this intriguing statistic reveals an increasingly health-conscious consumer base, concentrating not only on physical but also mental health. This shift in focus towards mental wellness invites a surge in demand for services in the wellness industry. With over 77% of consumers actively prioritizing their mental health, it paints a compelling picture of the potential growth and expanding market within this industry. This information serves as an essential barometer of consumer trends and gives us a vision of the abundant possibilities for businesses to innovate and prosper in the wellness sphere by meeting these evolving needs.

The CBD market, a new wing of the wellness industry, it is expected to reach $22 billion by 2022.

Highlighting the fact that the CBD market is projected to achieve a whopping $22 billion revenue by 2022 does more than just flex its financial muscle. It throws a spotlight on a promising frontier in the wellness industry, emphasizing its escalating rate of expansion and demand. With this staggering figure, potential investors, budding entrepreneurs, wellness enthusiasts and even skeptics are given a clear cut indication of the immense potential and influence CBD offerings can have within the wellness industry. Furthermore, this figure also invites us to analyze broader shifts in societal attitudes towards non-traditional wellness products, inspiring questions, curiosity and conversations around this emerging and innovative line within wellness scene.

Work-related stress causes a loss of US $300 billion every year for companies, making corporate wellness a growing focus.

This is a compelling piece of data that unveils the enormity of the damage work-related stress inflicts on the financial health of businesses globally. An eye-opening $300 billion loss annually pinpoints not only the urgency to address this issue but also the great potential for the wellness industry. In a blog post about wellness industry statistics, this figure would illuminate the great economic stakes tied to employee well-being and highlight the important role that corporate wellness initiatives play. It underscores the urgent need and lucrative opportunities for wellness-focused solutions within the corporate world, shining a spotlight on the growing significance and market potential of the wellness industry.

The global wellness market is predicted to reach $6 trillion by 2025.

Peering into the future of the wellness industry, one can’t help but notice the looming forecast of a whopping $6 trillion by 2025. This mind-boggling figure is far from random, representing the ascending trajectory of the worldwide wellness market. For the savvy reader, this signals a powerful message: the wellness sector isn’t merely growing, it’s set to explode. It indicates the increasing value individuals globally are placing on personal health, fitness, and general well-being, prompting a surge in demand for wellness products and services. So, positioned within the larger narrative of the wellness industry, this projection isn’t just an impressive number—it’s a testament to the industry’s potential and the extraordinary opportunities it holds for businesses and investors, poised and ready to tap into this emerging gold mine.

Fitness and mind-body sector made $595 billion in 2015 and continued to grow since then.

Grasping the immense fiscal mark of $595 billion that the fitness and mind-body sector etched in 2015 provides a compelling narrative of its emerging dominance in the wellness industry as a whole. This monetary footprint not only reflects the growing consumer interest but also spells captivating market opportunity for entrepreneurs. As the sector’s financial sphere continues on a steady upward climb since then, it serves as a poignant testament to the thriving market demand and the fructifying global consciousness about health and wellness. Thus, woven intricately into the story of the booming wellness industry, these statistics narrate a tale of growth, potential and a future ripe with opportunities.

Physical activity programs offered at work have been shown to cut absenteeism by up to 32% and decrease sick leave by 39%.

Harnessing this compelling statistic can illuminate the transformative power of workplace wellness programs within the Wellness Industry context. The solid evidence of a potential 32% slump in absenteeism rates and a substantial 39% sick leave decrease not only underscores a significant reduction in lost work hours, but also signals a probable enhancement in organizational productivity. It offers a strong case in favor of investing in wellness initiatives, highlighting that prioritizing employee health goes hand in hand with economic gain, thereby transforming this statistic into a potent driving force behind the growing interest and investment in the wellness industry.

Conclusion

From the statistics reviewed, it is undeniable that the wellness industry is a vibrant, ever-evolving, and influential sector. Current trends reveal a significant shift in consumer behavior towards wellness and prevention over treatment. This trend, coupled with increasing per capita income, increased awareness of wellness services, and the proliferation of wellness companies, is sure to propel industry growth in the coming years. Online services and the increasing use of technology also offer vast untapped opportunities that wellness companies can harness. All in all, these statistics paint a promising future for the wellness industry, signaling prosperity for businesses and individuals invested in health, fitness, and overall well-being.

References

0. – https://www.www.prnewswire.com

1. – https://www.www.fortunebusinessinsights.com

2. – https://www.www.forbes.com

3. – https://www.www.wellnesscreatives.com

4. – https://www.www.rollingstone.com

5. – https://www.www.businesswire.com

6. – https://www.www.mckinsey.com

7. – https://www.globalwellnessinstitute.org

8. – https://www.www.business.hsbc.com

FAQs

What is the size and growth rate of the wellness industry?

The Global Wellness Institute reports that the wellness market was worth $4.5 trillion in 2018, and the industry is experiencing steady growth. The industry is projected to grow at a CAGR of approximately 5-6% over the next decade.

What are the key market segments in the wellness industry?

The wellness industry encompasses various segments such as physical wellness (activity & fitness), nutrition & weight loss, wellness tourism, spas, mind & mental wellness, workplace wellness, and wellness real estate. There's also a growing segment for wellness technology.

What factors drive the growth of the wellness industry?

This industry's growth can be attributed to factors like an increase in health consciousness, ageing population, rising stress levels, and various lifestyle diseases. Advances in technology and greater accessibility to wellness services also contribute to its expansion.

Which regions dominate the global wellness industry market?

North America and Europe hold the largest market share of the global wellness industry, accounting for more than half. However, the Asia-Pacific region is also witnessing significant growth due to rising disposable income and increasing health awareness.

What are the challenges facing the wellness industry?

Some of the challenges include a lack of skilled professionals, the sometimes high cost of wellness services which may limit accessibility, and maintaining customer trust in an industry sometimes associated with misleading claims. Additionally, adapting to rapid changes in technology and consumer preferences poses a significant challenge.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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