Health and Wellness Market Size in India 2023

IMARC Group, a leading market research company, has recently releases report titled “ India Health and Wellness Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The study provides a detailed analysis of the industry, including the  health and wellness market size in India , share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advances in the market.

Report Highlights

How big is the India health and wellness market?

Report Attributes Details
Growth rate (2023 to 2028) CAGR of 5.55%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is health and wellness?

Health and wellness is a state of physical and mental well-being of an individual. It also focuses on maintaining emotional, spiritual, social and environmental aspects of personal health. It plays an essential role in nutrition and weight management, heart and gut health, and immunity. It can be acquired by altering the daily lifestyle, which includes eating a variety of nutrient-rich food, minimizing the consumption of junk food and being active.

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What are the growth prospects and trends in the India health and wellness industry?

At present, sedentary lifestyles and the increasing prevalence of chronic disease represent one of the primary factors positively influencing the market in India. Additionally, the increasing expenditure power and widespread adoption of healthy food habits is offering lucrative growth opportunities to leading players operating in the country. Leading players are also focusing on revenue maximization through product and service diversification. Apart from this, the increasing adoption of organic and naturally sourced food products, which are fortified with essential nutrients, is strengthening the market growth. Furthermore, the launch of specialized therapeutic water, which includes iodine-bromine, for treating bronchitis, rheumatism, circulation disorders, and spinal column ailments is impelling the market growth. Besides this, the rising traction of workplace wellness programs for educating employees about the importance of building healthy habits is catalyzing the demand for health and wellness solutions across India.

What is included in market segmentation?

The report has segmented the market into the following categories:

 

Breakup by Product Type:

  • Functional Foods and Beverages
  • Beauty and Personal Care Products
  • Preventive and Personalized Medicinal Products
  • Others

Breakup by Functionality:

  • Nutrition & Weight Management
  • Heart & Gut Health
  • Immunity
  • Bone Health
  • Skin Health
  • Others

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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