ReportsnReports.com adds Global Health and Wellness Market 2016-2020 latest research report, the analysts forecast the global health and wellness market to grow at a CAGR of 5.9% during the period 2016-2020.
According to the health and wellness market report, growing demand for health and wellness products from older population drives the market growth. Due to poor diet and absence of physical activity, people are suffering from adverse health effects, leading to major medical problems. These problems are more prevalent among the older population. Between 2010 and 2050, the older population in the less developed countries will increase in number by more than 250%. On the other hand, the older population in developed countries will only increase by 71%. The improvements in longevity and the decline in fertility rates are the prime reasons for the rise in older population.
The global health and wellness market an analyst said, consumer demand for nutritious and healthy snacks has also led to the introduction of innovative packaging. Plastic-based flexible packaging is increasingly replacing metal and glass packaging (especially for food products like functional foods and beverages). This is increasing the demand for flexible, durable, and versatile plastic packaging products and solutions. These products are lightweight, making it less costly than other materials in terms of handling and carrying costs.
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Product segmentation and analysis of the health and wellness market - Fitness equipment, Preventive and personalized health, Wellness tourism, Beauty and personal care products and Health and wellness food
During 2015, the health and wellness food segment dominated the health and wellness market and accounted for nearly 51% of the market share. The health and wellness food market consists of naturally healthy foods, functional foods and nutraceuticals, better-for-you foods, organic foods, and food intolerance products. Factors such as the growing demand for healthy, high-fiber foods and rising awareness of health issues to aid in the growth of this market segment by the end of 2020
Geographical segmentation and analysis of the health and wellness market – APAC, Europe, North America and ROW
During 2015, North America dominated the health and wellness market and accounted for over 33% of the total market share. Factors such as rising awareness of the benefits of a healthy diet, affordability and the availability of these products in the region to propel the growth prospects of the health and wellness market in North America Order a copy of Global Health and Wellness Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=524623.
The global health and wellness market is extremely fragmented due to the presence of several international and regional vendors. The providers in this market compete in terms of price, quality, product differentiation, distribution, and promotion to gain maximum market prominence during the forecast period. The competitive environment is likely to intensify with an increase in product or service extensions, product innovations, and M&A.
Key players in the global health and wellness market: Cybex International Inc., Danone, General Mills Inc., Omron Healthcare Inc., and Procter & Gamble.
Other Prominent Vendors in the market are: Abbott Nutrition, Adidas, Amway, Accell Fitness, Asian Sports & Enterprises, Bayer HealthCare, BSN, BASF, Body Solid, Bullworker Enterprises, Champion Nutrition, Clif Bar, Creative Bioscience, Cytosport, Gaia Herbs, Glanbia, GNC, GSK, Herbalife, Herb Pharm, ICON Health and Fitness, Johnson & Johnson, Johnson Health Tech, Jerai Fitness, Kellogg, L'Oréal, Lovate Health Sciences, Medtronic, Merck & Co, Myriad Genetics, NBTY, Nature's Bounty, Nautilus, Nestlé, Nike, Nordic Naturals, Nutraceutical, Nutrisystem, Otsuka Holdings, Paramount, Pacific Health Laboratories, PepsiCo, Pfizer, Precor, Rainbow Light Nutritional Systems, Schiff Nutrition Group, Science in Sports (SiS), The Himalaya Drug Company, Unilever, Ultimate Nutrition, Vibrogym, and Yakult.
Further, the health and wellness market report states that limited availability of personalized beauty care products in developing regions poses a major threat to overall market growth during the forecast period.
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