Healthcare
The global health and wellness market size reached US$ 3,670.4 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the health and wellness industry are tackling an excessive amount of demand driven by increased consumer expenditure on a wide variety of health and wellness products and services. They are also arranging monthly wellness tourism packages, which are associated with undertaking various tourism activities, such as meditating at destinations, practicing yoga, and engaging in recreational activities for physical and mental well-being. Leading companies are investing in manufacturing various effective and accurate wearable devices, such as fitness bands and smartwatches integrated with the latest technologies to track step counts, heart rate, and sleep cycle. They are also heavily investing in various research and development (R&D) activities to produce various functional and healthy food products which are low in fat, calories, gluten, and sugar. Key market players are focusing on the manufacturing of plant-based meat, milk, and other products due to the emergence of veganism among young individuals. Looking forward, the market value is expected to reach US$ 5,155.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.69% during 2024-2032.
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The global health and wellness market has several major players Amway Corporation, Bayer AG, Danone S.A., David Lloyd Leisure Ltd., Curefit Healthcare Pvt. Ltd., Herbalife International of America, Inc., Letterone Investment Holdings S.A., L’Oreal S.A., Nestle S.A., The Procter & Gamble Company, Unilever PLC, and Vitabiotics Ltd. More information about these companies has been provided below.
Establishment: |
1959 |
Headquarters: |
Michigan, United States |
Website: |
https://www.amwayglobal.com/ |
Amway Corporation is an entrepreneur-led health and wellness company that focuses on the manufacturing and distribution of various healthy food products. The company produces a wide variety of energy drinks that contain effective and clean ingredients. It also offers an extensive range of beauty products manufactured by its cutting-edge skin science and powerful phytonutrient botanicals.
Establishment: |
1863 |
Headquarters: |
North Rhine-Westphalia |
Website: |
https://www.bayer.com/ |
Bayer AG is a well-known enterprise with core competencies in the life science areas of healthcare and nutrition. The company designs products and services to assist individuals and address unprecedented global challenges. It offers a wide variety of products associated with consumer health, crop protection, digital farming, and pharmaceuticals.
Establishment: |
1919 |
Headquarters: |
Paris, France |
Website: |
https://www.danone.com/ |
Danone S.A. is one of the top manufacturers and distributors of essential dairy and plant-based products. The company possesses a unique health-focused portfolio to provide customers with nutritious food products which are responsibly sourced. It also focuses on fulfilling the specific nutritional goals of people with its specialized nutrition brands and a broad range of support programs and services.
Establishment: |
1982 |
Headquarters: |
Hatfield, Hertfordshire |
Website: |
https://www.davidlloyd.co.uk/ |
David Lloyd Leisure Ltd. is one of the leading health, sport, and leisure providers operating with 131 clubs across the United Kingdom and Europe. The company comprises clubs that have numerous facilities, including state-of-the-art gymnasiums, heated indoor and outdoor pools, and well-equipped group exercise studios to provide the perfect place to stay fit and healthy as a family. It is also an amazing location to meet with friends and acquaintances or enjoy a bite to eat.
Establishment: |
2016 |
Headquarters: |
Bangalore, India |
Website: |
https://www.cult.fit/ |
Curefit Healthcare Pvt. Ltd. is one of the leading health and fitness companies in India, offering digital and offline experiences in fitness, nutrition, and mental well-being. The company offers at-home workouts, celebrity workouts, and various goal-based workouts and meditation sessions. It also manufactures and distributes workout gear and lab facilities to carry out blood tests.
Establishment: |
1980 |
Headquarters: |
Los Angeles, United States |
Website: |
https://iamherbalifenutrition.com/ |
Herbalife International of America, Inc. focuses on improving nutritional habits around the world with great-tasting, science-aided nutrition products that assist consumers in getting the right balance of healthy nutrition. The company offers its products via educated and trained independent Herbalife Nutrition distributors who provide comprehensive and personalized solutions to customers. It also offers various skin and hair care products along with supplements that help in gaining a healthy weight.
Establishment: |
2013 |
Headquarters: |
Luxembourg |
Website: |
https://www.letterone.com/ |
Letterone Investment Holdings S.A. focuses on investing in various industry verticals, including energy, telecom, health and retail, and technology. The company supplies a wide range of vitamins, minerals, health supplements, and specialist foods. It also offers various beauty products, including skincare and makeup.
Establishment: |
1909 |
Headquarters: |
Clichy, France |
Website: |
https://www.loreal.com/ |
L’Oreal S.A. focuses on the manufacturing and distribution of an extensive range of beauty and consumer products. The company has chosen to offer its expertise in the service of women and men around the world, meeting the infinite diversity of their beauty desires. It also specializes in maintaining the quality, efficacy, and safety of various makeup, skincare, and haircare products with cutting-edge innovation and technology.
Establishment: |
1866 |
Headquarters: |
Vevey, Switzerland |
Website: |
https://www.nestle.com/ |
Nestle S.A. is one of the leading food and beverage (F&B) manufacturing companies focusing on selling a wide variety of consumable items with various healthy ingredients. The company specializes in keeping its ingredients clean and safe for fulfilling the nutrition goals of individuals. It is constantly pushing the boundaries of what is possible with food, drink, and nutritional health solutions to enhance the quality of life and contribute to a healthier future for all.
Establishment: |
1837 |
Headquarters: |
Ohio, United States |
Website: |
https://in.pg.com/ |
The Procter & Gamble Company operates through five industry-based units, including baby, feminine, and family care, beauty, healthcare, grooming, and fabric and home care. The company manufactures laundry detergents, famine care pads, nappies, baby wipes, razors, and blades, which are made of top-quality raw materials. It also produces a wide range of haircare, skincare, and oral care products.
Establishment: |
1872 |
Headquarters: |
London, United Kingdom |
Website: |
https://www.unilever.com/ |
Unilever PLC focuses on selling nutritionally balanced consumable products, personal care, home care items, and a lot more. The company consists of some of the most well-known brands which are operating to drive positive change in industry and environment. It specializes in manufacturing nutritionally enriched foods as well as indulgent ice creams made with clean and safe ingredients.
Establishment: |
1971 |
Headquarters: |
London, United Kingdom |
Website: |
https://www.vitabiotics.com/ |
Vitabiotics Ltd. pioneered advances in the nutritional healthcare sector by committing to human health and research. The company created a unique portfolio of products at the forefront of scientific developments in various key sectors. It is also the first vitamin company to receive the Queen's Award for Innovation for its groundbreaking clinical research.
About Author:
Anushka Bhattacharya Anushka Bhattacharya is an editor and content writer for a market research and business consultancy company, IMARC Services Pvt. Ltd. Anushka holds a Master's degree in Commerce and has been writing and editing long-form content for 4 years covering diverse business areas such as healthcare, digital marketing, sports equipment, home appliances, social media promotion, and clothing. Her mission to educate business owners in all aspects of market analysis flows through the expert industry coverage she provides. When not writing or editing files, you will find her sketching, exploring heritage and historic places, or cooking. |
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