The Stats - Pt.1 Wellness

You’ve probably spent a fair share of time, money, and energy in the pursuit of wellness. Wether it’s a gym membership, skin care treatments, books about spiritual growth, or shopping organic in the produce aisle. The statistics are staggering when it comes to society’s investment into their physical health, personal growth, and self care routines.

According to the most recent report from the Global Wellness Institute (GWI), the global wellness economy was a 4.2 trillion dollar market, growing twice as fast as the global economy as a whole. Money spent on wellness (4.2 trillion) makes up more than half of the global health expenditures (7.3 trillion dollars)!

**Several key sectors are •personal care / anti aging •healthy eating / weight loss •fitness •tourism (wellness retreats) •workplace wellness •and traditional or complimentary medicine. Below is a map detailing each area.**

From fitness to food, wearables to meditation, there is no doubt any item that falls into a category in the wellness industry , is on the rise.

Here’s a few areas of interest (as reported by Fitt insider) that are worth following:

*Plant based diets / meat & dairy alternatives. GlobalData claims that 70% of the worlds population is reducing meat consumption or removing from their diet completely. Reasons for this vary from person to person but can usually be associated with environmental or health concerns. Plant based meats are expected to reach sales over 7 billion dollars in the next five years, along side the already 16 billion dollar dairy free milk and yogurt alternative market.

Functional Beverages. Over the last few years, the google searches for “top foods for a healthy gut” have increased by 350%. Atop the list you’ll find Kombucha, a fermented probiotic drink all the rage right now. An estimated 65 billion dollars will be spent within the probiotic market by the year 2024.

Being Mindful. Last year alone, the US mediation market (including studios, apps, and literature) grossed 1.2 billion dollars and is expected to nearly double by 2022. Even the number of Americans who meditate tripled between the years 2012 and 2018 according to the Center for Disease Control and Prevention.

On Demand Fitness. Apps and streaming workouts are shaking up how we workout and the fitness industry. The global digital fitness market is shown to be climbing to an astounding 27 billion dollars by 2022, estimated growth of a whopping 33% from just two years ago.

CBD Infused Everything. The trendy “cure all” was quick to capitalize in the wellness space. The cannibidiol market is expected to surge upward of a 700% increase by the end of next year.

Fashion Meets Function. This year alone fitness wearables brought in nearly 42 billion dollars, 16 billion of that coming from smart watches.

Other Trending Topics. So many markets within the wellness industry are set to see profit gains based on the increasing interest in all aspects. A few other honorable mentions include healthy “convenience” marts and fast food, boutique style fitness studios, non- toxic beauty products, workplace resources and sexual care.

With so many emerging ideas and developing companies, it’s no wonder the numbers are impressive. I myself have supported the multi trillion dollar wellness industry in many of the forms listed above. Personally (and presumably as many of you do), I believe that the pursuit of wellness, limits the amount of time and money spent on the adverse; illness.

** For more information and sources used for this article visit:

https://insider.fitt.co/wellness-trends-2019/

https://globalwellnessinstitute.org/