The $4 trillion wellness industry is feeling good. With an increasing amount of consumers investing in their health and wellbeing, the worldwide market is projected to grow to almost $7 trillion by 2025. From fitness plans to supplements to apps that help with mindfulness, there’s truly something for everyone. But where to start? With such an excessive amount of information available at our fingertips, it becomes increasingly difficult to separate the helpful products from the marketing ploys. And as everyone has become an expert overnight, how do you distinguish who to listen to?
In some ways the accessibility to information for all is positive. For a long time the idea of what wellness was, what it looked like and who the industry was targeting was very one-dimensional. That seems to have shifted slightly, thanks to a group of entrepreneurs that are creating products for consumers who were overlooked or underserved. But wellness still comes at a price. One that’s not accessible to everyone. The methods and brands built upon the promise of better health are often expensive. And with influencers promoting these products and brands, many consumers invest in products without understanding whether they will serve them. So how do we navigate the complex world of wellness?
We asked four industry insiders about their thoughts on the wellness industry, their personal stories to finding wellness and their hopes for the future.