What the heck do we mean by the Wellness Market?
Products and services focused on increasing the health and well-being of an individual— like a watch that tracks your steps and your sleep. Personal beauty products. Even mineral hot springs.
Consumers identify six lanes of wellness.
01—Better Health
02—Fitness
03—Nutrition
04—Appearance
05—Sleep
06—Mindfulness
What are those lanes worth?
$5.24 trillion. With a “t.”
The U.S. wellness market is two times the size of any other nation’s wellness market across the globe. Per capita, Americans spend an estimated $3,685 on wellness products per year, outpaced only by Switzerland at $4,372 per capita and Iceland at $3,738 per capita.