The global Beauty and Wellness Products Market size was valued at USD 1,610.5 billion in 2023. The market is anticipated to reach USD 2,765.8 billion by 2030, with a CAGR of 8.03% during the projected period. Increased wellness-related benefits are attributed to growing health and wellness awareness among consumers. Healthcare organizations are all set to redefine the wellness industry by providing nutritious food and facilities. A rise in government initiatives to enhance product manufacturing techniques is also boosting market expansion. Rapid digitization, rising social media influence, and easy availability of online products contribute to market growth. Fortune Business Insights™ shares this information in its report titled “Beauty and Wellness Products Market, 2024-2032.”

Top Companies Covered in the Beauty and Wellness Products Market:

• L'Oréal S.A. (France)
• Unilever Plc. (U.K.)
• The Estée Lauder Companies Inc. (U.S.)
• The Procter & Gamble Company (U.S.)
• LVMH (France)
• Maison Margiela (France)
• Beiersdorf AG (Germany)
• Shiseido Co., Ltd. (Japan)
• Coty Inc. (U.S.)
• Rituals Cosmetics Enterprise B.V. (Netherlands)
• Kao Corporation (Japan)

Browse Details Summary for the Beauty and Wellness Products Market:

https://www.fortunebusinessinsights.com/beauty-and-wellness-products-market-108456

Segmentation

Wellness Product Segment to Have Highest Growth Rate to Growing Preference for Well-Balanced Diet

Based on the type, the market is segregated into hair care products, skin care products, makeup products, food & nutrition products, medicinal products, and wellness products. Wellness product segment to have highest growth rate due to their increased adoption. Growing preference for protein and amino acids over pharmaceuticals is boosting the sales of wellness products. The rapid shift in eating habits among individuals and the increasing adoption of a well-balanced diet to maintain personal well-being are supporting segment expansion.

Supermarkets & Hypermarkets are Widely Preferred Due to the Easy Availability of Beauty Product Brands

On the basis of distribution channel, the market is segmented into supermarkets & hypermarkets, specialty stores, online channels, and others. Supermarkets & hypermarkets held a leading position in the global market. The wide availability of many beauty product brands at reasonable prices is expected to fuel market growth during the forecast period.