In today's health-conscious society, consumers spend significant sums of money to look after their body and mind. In fact, the global health and wellness market is predicted to be worth more than six trillion U.S. dollars by 2025. During an August 2020 survey in the United States, consumers stated that approximately 50 percent of their annual spending on wellness products and services went towards health products.
Distribution of annual consumer spending on wellness products and services in the United States in 2020, by category
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McKinsey & Company. (April 8, 2021). Distribution of annual consumer spending on wellness products and services in the United States in 2020, by category [Graph]. In Statista. Retrieved January 29, 2025, from https://www.statista.com/statistics/1258562/wellness-product-spending-usa/
McKinsey & Company. "Distribution of annual consumer spending on wellness products and services in the United States in 2020, by category." Chart. April 8, 2021. Statista. Accessed January 29, 2025. https://www.statista.com/statistics/1258562/wellness-product-spending-usa/
McKinsey & Company. (2021). Distribution of annual consumer spending on wellness products and services in the United States in 2020, by category. Statista. Statista Inc.. Accessed: January 29, 2025. https://www.statista.com/statistics/1258562/wellness-product-spending-usa/
McKinsey & Company. "Distribution of Annual Consumer Spending on Wellness Products and Services in The United States in 2020, by Category." Statista, Statista Inc., 8 Apr 2021, https://www.statista.com/statistics/1258562/wellness-product-spending-usa/
McKinsey & Company, Distribution of annual consumer spending on wellness products and services in the United States in 2020, by category Statista, https://www.statista.com/statistics/1258562/wellness-product-spending-usa/ (last visited January 29, 2025)
Distribution of annual consumer spending on wellness products and services in the United States in 2020, by category [Graph], McKinsey & Company, April 8, 2021. [Online]. Available: https://www.statista.com/statistics/1258562/wellness-product-spending-usa/
