Wellness Tourism grew 8% annually from 2017 to 2019 (reaching $720 billion) and then took a major hit in 2020. The market shrunk -39.5% to $436 billion, while wellness trips dropped from 936 million to 601 million. The impressive 21% annual growth rate projected for wellness tourism through 2025 reflects new traveler values (a quest for nature, sustainability, mental wellness) as well as a period…
Healthy Eating, Nutrition & Weight Loss is one of the few wellness sectors that maintained positive growth (3.6%) during the pandemic, launching a wave of interest in home cooking, healthy food, and immunity-focused foods and supplements. The sector grew from $858 billion in 2017 to $912 billion in 2019 to $945.5 billion in 2020–and is forecast to grow 5% annually through 2025, to reach $1.2…
The Indoor Wellness Proposition Is in Retreat, While the Outdoor One Is Exploding By Thierry Malleret, economist Peloton – a wellness tale. When it comes to Peloton’s recent decline, rising bike prices, plunging earnings, and investor concerns about the company’s management are cited as the issues. But what needs to be talked about more is that the growth of “indoor” wellness is in decline, while…
Media Contact: Beth McGroarty [email protected] • +1.213.300.0107 The Global Wellness Economy Stands at $4.4 Trillion Amidst the Disruptions of COVID-19; Is Forecast to Reach $7 Trillion by 2025 New Global Wellness Institute research–the most in-depth in its history–reveals that the wellness market grew to a record $4.9 trillion in 2019 and then fell to $4.4 trillion in the pandemic year of 2020. But with a consumer…
The Global Wellness Economy: Looking Beyond COVID THE GLOBAL WELLNESS ECONOMY: LOOKING BEYOND COVID Individual Sectors Wellness Market Snapshots Wellness Tourism (pandemic loser, future winner): Grew 8% annually from 2017 to 2019 (reaching $720 billion) and then took a major hit in 2020. The market shrunk -39.5% to $436 billion, while wellness trips dropped from 936 million to 601 million. The impressive 21% annual…
New Research: Wellness Real Estate Market Doubles from 2017-2020–Reaching $275 Billion Says GWI Research Team By Beth McGroarty The Global Wellness Institute today released new research on the wellness real estate market–and it reveals incredible recent growth. The global market nearly doubled in 3 years: from $148 billion in 2017 to $275 billion in 2020. That’s 22% annual growth. The pandemic further fueled growth: from 2019-2020, wellness real…
