Health and Wellness Market Size in India 2023

by Rahul Devi

The health and wellness market in India is witnessing significant growth and is expected to continue expanding in the coming years. According to a recent report released by IMARC Group, the market is projected to register a compound annual growth rate (CAGR) of 5.55% from 2023 to 2028.

Health and wellness refer to the state of physical and mental well-being of an individual. It encompasses various aspects, including emotional, spiritual, social, and environmental elements of personal health. The market in India focuses on nutrition and weight management, heart and gut health, and immunity.

The increasing prevalence of chronic diseases and sedentary lifestyles is one of the primary factors driving the growth of the health and wellness market in India. Additionally, the rising disposable income and the adoption of healthy food habits are creating lucrative opportunities for leading players in the industry.

Key players in the market are also targeting revenue maximization through product and service diversification. The demand for organic and naturally sourced food products is on the rise, as consumers are becoming more conscious of the importance of essential nutrients. Specialized therapeutic water, such as iodine-bromine, is also gaining traction for treating various ailments.

Furthermore, workplace wellness programs aimed at educating employees about the importance of healthy habits are driving the demand for health and wellness solutions across India.

The report further provides a comprehensive analysis of the health and wellness market in India, including segmentation by product type, functionality, and region. The market is categorized into functional foods and beverages, beauty and personal care products, preventive and personalized medicinal products, and others. In terms of functionality, the market is segmented into nutrition and weight management, heart and gut health, immunity, bone health, skin health, and others. Regionally, the market is divided into North India, West and Central India, South India, and East India.

The competitive landscape of the industry is also examined in the report, featuring profiles of key players in the market. This offers valuable insights into the strategies and market positioning of these companies.

In conclusion, the health and wellness market in India is witnessing robust growth, driven by factors such as increasing awareness of the importance of personal health, rising disposable income, and the adoption of healthy food habits. The demand for organic and naturally sourced products, along with the launch of specialized therapeutic water, is further strengthening the market. With the implementation of workplace wellness programs, the market is expected to continue expanding in the coming years.

About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. The company provides comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. IMARC Group’s team of experienced researchers and analysts is dedicated to providing high-quality data and insights to clients, ranging from small and medium businesses to Fortune 1000 corporations.

For more information or to request a sample of the report, visit: https://www.imarcgroup.com/india-health-wellness-market/requestsample

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