The trends defining the $1.8 trillion global wellness market in 2024

The trends defining the $1.8 trillion global wellness market in 2024

McKinsey's latest Future of Wellness survey has unveiled a groundbreaking shift in consumer attitudes towards health, demanding more than mere promises - they want proof:

  • Consumers are now the captains of their health ship, seeking out products and services that are scientifically validated to improve their wellbeing.
  • The era of following health trends without evidence is over. From cold plunges to celery juice, if it doesn't have the science to back it up, it's not making the cut.
  • An overwhelming 82% of U.S. consumers prioritise wellness, reflecting a global movement that views health not as a luxury but as essential to daily life. This sentiment is shared worldwide, with significant numbers in the UK and China feeling the same.
  • Younger generations, especially Gen Z and millennials, are at the forefront, eagerly adopting wellness products and services that span health, sleep, nutrition, fitness, appearance, and mindfulness.
  • McKinsey's survey identifies five key trends driving the wellness market: the rise of health at home, biomonitoring and wearables, personalisation through generative AI, a preference for clinical validation over "clean" labels, and a renewed trust in doctor recommendations.

This survey doesn't just outline current trends. It signals a transformative phase in the wellness industry, where efficacy, data, and personalisation reign supreme.

Dive deeper into how these trends are shaping a more informed, science-backed approach to wellness and discover the opportunities awaiting in this rapidly evolving market.

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