Products

With consumer demand for wellness services and products higher than ever, a landmark study released by The Global Wellness Institute reveals that the global wellness market is now worth $3.4 trillion, making it nearly three times larger than the $1 trillion worldwide pharmaceutical industry.

Conducted by the independent, non-profit research firm SRI International, the study confirms wellness as one of the world’s largest and fastest-growing industries. To assess the size of the industry, SRI identified and evaluated ten major wellness sectors: alternative and complementary medicine; beauty and anti-aging; fitness and mind-body; healthy eating, nutrition and weight loss; preventative and personalized health; spa; thermal and mineral springs; wellness real estate; wellness tourism; and workplace wellness.
Wellness sectors seeing the most significant growth since 2014 are:

• Healthy eating, nutrition and weight loss (108% increase to $276.5 billion)
• Preventative and personalized health (78% increase to $243 billion)
• Complementary and alternative medicine (65% increase to $113 billion)
• Beauty and anti-aging (51% increase to $679 billion)
• The spa industry grew 58% from $60 billion in 2007 to $94 billion in 2013, with 47% increase in spa locations from 71,762 to 105,591
• Wellness tourism expanded to $494 billion in revenues, rising 12.5% from 2012, significantly outpacing SRI’s original growth forecast of 9%
• The first-ever assessment of the thermal and mineral springs sector, which accounts for $50 billion in revenues and spans 26,847 properties worldwide