NEW YORK , Sept. 9, 2024 /PRNewswire/ -- Report with the AI impact on market trends- The global health and wellness market size is estimated to grow by USD 1.92 trillion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 7.01% during the forecast period. Increasing emphasis on promotion of health and wellness activities and programs is driving market growth, with a trend towards growing influence of thermal and mineral springs and spas.
However, frequent product recalls poses a challenge. Key market players include Adidas AG, Amway Corp., Bayer AG, Beiersdorf AG, Core Health and Fitness LLC, Danone SA, David Lloyd Leisure Ltd.
, General Mills Inc ., Glooko Inc., Herbalife International of America Inc.
, Johnson Health Tech Co. Ltd., LOreal SA, Nestle SA, Novo Nordisk AS, Ogilvie and Co.
, PepsiCo Inc., RSG Group GmbH, Shiseido Co. Ltd.
, The Procter and Gamble Co., Unilever PLC, and Vitabiotics Ltd..
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report Market Driver The global health and wellness market is experiencing significant growth due to increasing demands for treatments of various physical and mental conditions such as rheumatism, circulation disorders, joint health, spinal column ailments, bronchitis, and asthma. Thermal and mineral springs and spas, particularly in Europe , have become popular solutions for these issues.
Notable European spas incl.