By Beth McGroarty, Director of Research, Global Wellness Institute
GWI’s recent “Global Spa & Wellness Economy Barometer” had some staggering findings: the ten-sector wellness market is now a $3.4 trillion market. Some context: it’s 3.4 times bigger than the $1 trillion, global pharmaceutical industry.
But what sectors of the vast wellness market are growing FASTEST?
1) Wellness Tourism: A $494 billion worldwide market, up from $106 billion in 2010 = 366% growth
2) Healthy Eating/Nutrition/Weight Loss: A $574 billion market – with 108% growth (from $276.5 billion) since 2010
3) Preventative/Personalized Health: $433 billion market – with 78% growth (from $243 billion) since 2010.
4) Complementary/Alternative Medicine: $187 billion industry – with 65% growth (from $113 billion) since 2010.
5) Spa Industry: A $94 billion global market – with 56% growth (from $60.3 billion) since 2010
6) Beauty & Anti-Aging: $1.03 trillion global segment – clocking 51% growth (from $679 billion) since 2010.
7) Workplace Wellness: $41 billion market – seeing 30% growth (from $30.7 billion) since 2010.
8) Fitness & Mind-Body: $446 billion market – with 14% growth (from $390 billion) since 2010.
9) Thermal/Mineral Springs: A surprisingly large $50 billion global market, with nearly 26,847 facilities across 103 nations.
10) Wellness Lifestyle Real Estate: $100 billion sector today.
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