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. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
Health and wellness refer to the complete state of well-being of an individual. It can be achieved by consuming a nutritional diet consisting of fruits and vegetables, adopting an active lifestyle, and performing physical activities such as running, walking, yoga, or cycling. In India, health and wellness products are gaining popularity as individuals focus on the most crucial aspects of health and wellness, including fitness, nutrition, personal care, weight management, and preventive medicines.
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India Health and Wellness Market Trends and Drivers:
One of the primary factors driving the market is the growing health consciousness among individuals. With the rising awareness about health and wellness, individuals participate in numerous physical activities, thus propelling the market growth. Other than this, the growing demand for keto diet, diabetic-friendly snacks, immunity-boosting products, and fortified foods is catalyzing the market growth. Besides this, consumers are shifting toward preventive healthcare and holistic wellness, which is creating a positive market outlook. Apart from this, the increasing incidences of chronic lifestyle diseases, stress, and other ailments, and advancements in the medical field, including predictive genetic testing, are escalating the demand for health and wellness products across the country. Moreover, the rising number of sports and fitness training centers, increasing reliance on healing practices such as naturopathy and the rapid growth of health tourism are some of the other factors influencing the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Health and Wellness Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape:
- 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
- Others
Breakup by Functionality:
- Nutrition & Weight Management
- Heart & Gut Health
- Immunity
- Bone Health
- Skin Health
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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