IMARC Group has recently released a new research study titled “India Health and Wellness Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, Offers a comprehensive analysis of the industry, which comprises insights on the health and wellness market size in India.
What are the growth prospects of the India Health and Wellness industry?
The India health and wellness market is expected to exhibit a CAGR of 5.45% during 2022-2027.
What is a India Health and Wellness?
Health and wellness refer to the complete state of well-being of the mind, body, and soul of an individual. Some of the crucial aspects include personal care and beauty, nutrition, weight management, fitness, preventive and personalized medicine, etc. Health and wellness can be achieved by consuming a nutritional diet consisting of fruits and vegetables, adopting an active lifestyle, performing physical activities, such as running, walking, yoga, or cycling, etc. This, in turn, aids in maintaining various aspects of personal health, including physical, emotional, social, intellectual, environmental, etc. Health and wellness also help in managing weight, improving heart, bone, and gut health, boosting immunity, etc.
Impact of COVID-19:
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.
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What are the major market drivers in the India Health and Wellness Market?
The expanding geriatric population and the rising participation of individuals in physical activities are primarily driving the India health and wellness market. Additionally, the increasing number of fitness and sports training centers is further augmenting the market growth. Besides this, the growing consumer inclination towards innovative healing practices, such as naturopathy, and the inflating popularity of holistic wellness are also propelling the market growth across the country. Moreover, the elevating incidences of chronic and lifestyle diseases, an enhanced focus among several brands on environmental sustainability, and the widespread adoption of recyclable materials to manufacture personal care bottles and containers are acting as significant growth-inducing factors. Apart from this, continuous advancements in the medical field, including the introduction of predictive genetic testing, and the escalating demand for the keto diet, diabetic-friendly snacks, immunity-boosting products, and fortified food items are expected to catalyze the India health and wellness market over the forecasted period.
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
India Health and Wellness Market 2022-2027 Competitive Analysis and Segmentation:
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
- 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
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