According to the latest report by IMARC Group, titled, “India Health and Wellness Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The India health and wellness market is expected to exhibit a CAGR of 5.45% during 2022-2027.
Health and wellness is a state of physical and mental well-being of an individual. It also focuses on maintaining emotional, spiritual, social and environmental aspects of personal health. It plays an essential role in nutrition and weight management, heart and gut health, and immunity. It can be acquired by altering the daily lifestyle, which includes eating a variety of nutrient-rich food, minimizing the consumption of junk food and being active.
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India Health and Wellness Market Trends and Drivers:
At present, sedentary lifestyles and the increasing prevalence of chronic disease represent one of the primary factors positively influencing the market in India. Additionally, the increasing expenditure power and widespread adoption of healthy food habits is offering lucrative growth opportunities to leading players operating in the country. Leading players are also focusing on revenue maximization through product and service diversification. Apart from this, the increasing adoption of organic and naturally sourced food products, which are fortified with essential nutrients, is strengthening the market growth. Furthermore, the launch of specialized therapeutic water, which includes iodine-bromine, for treating bronchitis, rheumatism, circulation disorders, and spinal column ailments is impelling the market growth. Besides this, the rising traction of workplace wellness programs for educating employees about the importance of building healthy habits is catalyzing the demand for health and wellness solutions across India.
India Health and Wellness Market 2022-2027 Competitive Analysis and Segmentation:
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market based on product type and functionality.
Breakup by Product Type:
- Functional Foods and Beverages
- Beauty and Personal Care Products
- Preventive and Personalized Medicinal Products
Breakup by Functionality:
- Nutrition & Weight Management
- Heart & Gut Health
- Bone Health
- Skin Health
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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