GCC Health and Wellness Market

GCC Health and Wellness Market Overview:

The GCC Health and Wellness market was worth US$ XX Billion in 2023, expanding at a CAGR of X% during 2018-2023. Looking forward, the market is projected to grow at a CAGR of around X% during 2024-2032, reaching a value of US$ XX Billion by 2032.  Health and wellness is an active concept that describes the state of complete physical, emotional, and mental well-being of an individual. It focuses on maintaining different aspects of personal health, such as spiritual, social, and intellectual well-being. Some key aspects of the health and wellness industry include healthy eating, personal care products, weight loss, workplace wellness, spa retreats, and wellness tourism. It can be achieved by living a healthy lifestyle, which includes incorporating a balanced and nutritional diet, exercising regularly, meditating, limiting the consumption of junk food, and adopting grooming practices and activities in daily routines.

GCC Health and Wellness Market Trends:

The increasing prevalence of lifestyle disorders, such as obesity, diabetes, and heart disease due to a sedentary lifestyle led by the masses, is one of the primary factors driving the market growth in GCC. Various aspects of health and wellness, such as meditation, an active lifestyle, and a balanced diet, are widely adopted as preventive measures to reduce the risk of developing medical ailments and health complications. Furthermore, rising initiatives by regional governments to promote healthy lifestyles and increase the ratio of people exercising through fitness centers and mindful movements, such as tai chi and yoga, are providing an impetus to the market growth. In line with this, escalating investments in advanced medical research infrastructure, superior medical equipment, and genetic databases are acting as another growth-inducing factor. Additionally, the introduction of smart wearables, such as fitness bands, watches, and trackers, to monitor health parameters is creating a positive outlook for the market. Moreover, the widespread adoption of employee wellness programs in the Gulf region to support the mental and physical health of workers through therapy, counseling, and fitness classes to improve sleep, develop mindfulness, and reduce anxiety, stress, and back pain is providing a considerable boost to the market growth. Other factors, including the easy availability of organic and natural food products and increasing adoption of alternative medicine, such as naturopathy and acupuncture, are anticipated to drive the market growth.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC health and wellness market and can also impact its future growth. Taking 2023 as the base year, the report covers historical market scenario from 2018-2023 and provides forecasts till 2032. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC health and wellness market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC health and wellness market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC Health and Wellness market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC Health and Wellness market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC Health and Wellness market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC Health and Wellness market industry. Furthermore, the value chain analysis of the GCC Health and Wellness market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Health and Wellness Market Segment Insights:

The GCC health and wellness market has been analysed as followed:

By Product Type:

• Functional Foods and Beverages
• Beauty and Personal Care Products
• Preventive and Personalized Medicinal Products
• Others

By Functionality:

• Nutrition & Weight Management
• Heart & Gut Health
• Immunity
• Bone Health
• Skin Health
• Others

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Health and Wellness Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC Health and Wellness market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs