The latest report by IMARC Group, titled “India Health and Wellness Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028”, finds the India health and wellness market is expected to grow at a CAGR of 5.55% during 2023-2028. 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.
India Health and Wellness Market Trends:
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.
- 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 divided into nutrition and weight management, heart and gut health, immunity, bone health, skin health, and others.
- Region-wise, the market has been classified into North India, West and Central India, South India, East India.
- The competitive landscape of the market has also been analyzed, along with the profiles of the key players operating in the industry.
|Base Year of the Analysis
||Product Type, Functionality, Region
||North India, West and Central India, South India, East India
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