Global Health and Wellness Market Report and Forecast 2024-2032

Global Health and Wellness Market Growth Drivers

Surge in Investments and Fundings to Bring Innovative Solutions in the Market

The global health and wellness market is experiencing significant growth driven by increasing consumer awareness and demand for innovative solutions that promote healthy aging and longevity. For instance, in January 2024, Timeline (a Swiss biotech health, aging, and longevity company) raised CHF 56M (USD 66 million) in series D financing, including strategic investments from L’Oréal and Nestlé. This strategic financial support which is partially contributed by BOLD (Business Opportunities for L’Oréal Development) underscores the heightened focus of the market on advanced biotechnology solutions, contributing to the health and wellness industry growth.

Timeline's proprietary technology, Mitopure, which delivers a precise dose of the rare urolithin A molecule to promote healthy aging, exemplifies the multidimensional approach needed for meaningful advancements in longevity and healthspan. This strategic collaboration highlights the commitment of major industry players to longevity solutions rooted in high-level science.

Furthermore, the highly emphasized potential of applying key longevity hallmarks to skin health and beauty by L’Oréal has introduced longevity as the new definition of beauty. This investment is set to enhance the global health and wellness market by fostering innovation and integrating scientific advancements into consumer health products.

Expansion by Key Market Players to Boost Health and Wellness Industry Growth

In January 2024, Abbott launched a new brand PROTALITY™ to support adults in their weight loss journey. The company introduced a high-protein nutrition shake as the first product in the range. The company explains the equivalence of the product with Abbott's successful Ensure® Max Protein drink which will help people get enough protein to help in their weight loss journey by providing necessary muscle mass and function during the process. This launch aligns with the increasing consumer demand for health-oriented products that promote overall well-being and support active lifestyles. Additionally, the market is expected to be augmented by the increasing launches of new health and wellness products. These latest launches align effectively with the increasing awareness among people about how important it is to take care of one’s overall health.

Health and Wellness Market Report Snapshots

Health and Wellness Market Size

Health and Wellness Market Growth

Health and Wellness Market Trends

Health and Wellness Market Share

Health and Wellness Market Regional Analysis

Health and Wellness Companies