The Big Picture: Huge Growth Ahead

The Big Picture: Huge Growth Ahead With the pandemic ushering in a major consumer “values reset”–where prevention and wellness take on far greater importance–the GWI predicts that the wellness economy will grow an impressive 10% annually through 2025, when the market will hit $7 trillion. This graph charting growth through 2025 says it all…  Now let’s look at how each market fared during the pandemic–and its future outlook…    MARKET SNAPHOTS:   Wellness Tourism (pandemic loser, future winner): Grew…

Research Report-The Global Wellness Economy: Looking Beyond Covid

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…

2021 Global Wellness Economy: Looking Beyond COVID

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…

Consulting Best Practices Initiative Trends

Consulting Best Practices Initiative Trends TREND 1: Shifting Treatment Menus Many spa and wellness businesses have significantly streamlined their treatment menus, often due to either staffing or supply shortages, and many of these changes are becoming the norm. Menus are shifting to digital presentations through QR codes, providing for rapid editing of items and prices, and the option of presenting treatments specific to staff skill…

Trends

AFRICA WELLNESS INITIATIVE TRENDS 2022 Trends TREND 1: Wellness Tourism in Africas TREND 2: Corporate Wellness in Africa TREND 3: Embracing Good Nutrition for a Healthy Immune System in Africa TREND 4: Contributing to Climate Change for Carbon Credits in Africa TREND 5: Renewable Energy and Clean Cooking in Africa TREND 6: Embracing Digital Platforms to Enhance Food Security in Africa READ MORE The Global Wellness Institute serves as an umbrella…