The latest report by IMARC Group, titled “India Health and Wellness Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, finds the India health and wellness market is expected to exhibit a CAGR of 5.45% during 2022-2027. 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.
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 market.
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.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800