The latest report by IMARC Group, titled “GCC Health and Wellness Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the GCC health and wellness market is expected to exhibit a CAGR of 5.33% during the forecast period (2022-2027). Health and wellness refer to the complete state of well-being of the body, mind, and soul of an individual. It generally focuses on maintaining different aspects of personal health, such as physical, emotional, spiritual, social, and intellectual. It is achieved by living a healthy lifestyle, working out, and avoiding or limiting the consumption of junk food and alcohol. Some of the most vital aspects of health and wellness are nutrition, fitness, personal care, weight management, and preventive medicines.
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.
GCC Health and Wellness Market Trends:
The market is primarily driven by the growing prevalence of chronic diseases, such as diabetes, hypertension, asthma, arthritis, cancer, and other stress-related disorders, among the masses across the GCC countries. Nowadays, individuals are widely adopting various healthcare activities, including yoga, meditation and athletics, to stay healthy. Besides this, the rising number of rehabilitation and fitness centers, and the easy availability of organic and naturally sourced food products fortified with essential nutrients are also contributing to the market growth. In addition, the leading players in the region are introducing smart wearables, such as fitness watches, bands, and trackers, with increased battery life, multiple sport modes, and health tracking functionalities. As a result, consumers are widely using these wearables as they help sustain healthier lifestyles while eliminating the need for expensive medical procedures in the future. This, coupled with rapid urbanization, rising disposable incomes, and the increasing number of health-conscious consumers, are creating a favorable market outlook across the GCC region.
- Based on the product type, the market has been segmented into functional foods and beverages, beauty and personal care products, preventive and personalized medicinal products, and others.
- On the basis of the functionality, the market has been classified into nutrition & weight management, heart & gut health, immunity, bone health, skin health, and others.
- On the geographical front, the market has been divided into Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait, and Bahrain.
- The competitive landscape of the market has been examined in the report, along with the profiles of the key players operating in the industry.
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