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This market research study presents a detailed segmentation of the global health and wellness market by product (fitness equipment, preventive and personalized health, wellness tourism, beauty and personal care products, and health and wellness food) and by geography (APAC, Europe, North America, and ROW). The key leading vendors in the market are Cybex International, Danone, General Mills, Omron Healthcare, and Procter & Gamble.
Overview of the health and wellness market
Extensive research carried out by the analysts at Technavio has shown that the global health and wellness market to grow steadily at a moderate CAGR of close to 6% during the forecast period. The increasing cost of healthcare services and facilities is one of the key factors driving the growth of this market globally. The rising prices for medical services, payment for volume over value, use of new technology in treatment without analyzing its effectiveness, defensive medicine, and a severe lack of information and clarity on the prices and quality are some of the primary reasons spurring the growth prospects of this market in the coming years. With the rise in healthcare costs, people have started focussing on preventive healthcare measures to avoid expensive treatment and medications if the need arises due to health negligence. For example, the demand for vitamin supplements has increased as they help in preventing scurvy, beriberi, night blindness, poor immunity, dementia, pellagra, and acne, among others.
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In this industry research report, the analysts have estimated factors such as the rising demand for single-serve functional beverages to aid in the growth of this market in the coming years. Single-serve dairy products have become a prominent part of customer convenience. An introduction of single-serve beverages is providing tremendous opportunities for beverage manufacturers to increase their market presence. Moreover, ready-to-drink (RTD) beverages can be easily refrigerated along with water, juices, sodas, and other beverages. Furthermore, an augmented consumer demand for healthy and on-the-go eating is expected to spur this market’s growth prospects until the end of 2020.
Product segmentation and analysis of the health and wellness market
-Fitness equipment
-Preventive and personalized health
-Wellness tourism
-Beauty and personal care products
-Health and wellness food
During 2015, the health and wellness food segment dominated the market and accounted for nearly 51% of the market share. The health and wellness food market consists of naturally healthy foods, functional foods and nutraceuticals, better-for-you foods, organic foods, and food intolerance products. Factors such as the growing demand for healthy, high-fiber foods and rising awareness of health issues to aid in the growth of this market segment by the end of 2020.
Geographical segmentation and analysis of the health and wellness market
-APAC
-Europe
-North America
-ROW
During 2015, North America dominated the health and wellness market and accounted for over 33% of the total market share. Factors such as rising awareness of the benefits of a healthy diet, affordability and the availability of these products in the region to propel the growth prospects of the health and wellness market in North America.
Competitive landscape and key vendors
The global health and wellness market is extremely fragmented due to the presence of several international and regional vendors. The providers in this market compete in terms of price, quality, product differentiation, distribution, and promotion to gain maximum market prominence during the forecast period. The competitive environment is likely to intensify with an increase in product or service extensions, product innovations, and M&A.
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Key vendors in this market are -
-Cybex International
-Danone
-General Mills
-Omron Healthcare
-Procter & Gamble
Other prominent vendors in the market include Abbott Nutrition, Adidas, Amway, Accell Fitness, Asian Sports & Enterprises, Bayer HealthCare, BSN, BASF, Body Solid, Bullworker Enterprises, Champion Nutrition, Clif Bar, Creative Bioscience, Cytosport, Gaia Herbs, Glanbia, GNC, GSK, Herbalife, Herb Pharm, ICON Health and Fitness, Johnson & Johnson, Johnson Health Tech, Jerai Fitness, Kellogg, L’Oréal, Lovate Health Sciences, Medtronic, Merck & Co, Myriad Genetics, NBTY, Nature's Bounty, Nautilus, Nestlé, Nike, Nordic Naturals, Nutraceutical, Nutrisystem, Otsuka Holdings, Paramount, Pacific Health Laboratories, PepsiCo, Pfizer, Precor, Rainbow Light Nutritional Systems, Schiff Nutrition Group, Science in Sports (SiS), The Himalaya Drug Company, Unilever, Ultimate Nutrition, Vibrogym, and Yakult.
Key questions answered in the report include
-What will the market size and the growth rate be in 2020?
-What are the key factors driving the health and wellness market?
-What are the key market trends impacting the growth of the global health and wellness market?
-What are the challenges to market growth for health and wellness market?
-Who are the key vendors in the global health and wellness market?
-What are the market opportunities and threats faced by the vendors in the health and wellness market?
-Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
-What are the key outcomes of the five forces analysis of the global health and wellness market?
Table Of Contents – Major Key Points
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Five forces analysis
PART 06: Product segmentation
Global wellness tourism market
Global preventive and personalized health market
Global fitness equipment market
PART 07: Geographical segmentation
Global health and wellness market by geography
Health and wellness market in North America
Health and wellness market in Europe
Health and wellness market in APAC
Health and wellness market in ROW
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
……..CONTINUED
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