Global Self-improvement Products & Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Self-improvement Products & Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Self-improvement is the ability to make yourself better or more knowledgeable. It's a way to challenge yourself in new ways while promoting personal growth. Self-improvement Products & Services can help improve people physically, mentally, financially or spiritually.

Market Overview:

The latest research study on the global Self-improvement Products & Services market finds that the global Self-improvement Products & Services market reached a value of USD 43653.77 million in 2022. It’s expected that the market will achieve USD 58936.15 million by 2028, exhibiting a CAGR of 5.13% during the forecast period.

Influence of COVID-19 Outbreak on Self-improvement Products & Services Industry Development

Globally, 6.39 million people have died since the outbreak began, and the toll continues to rise. At present, the global economy continues to recover, but due to the disruption of supply chains, the uncertainty of the epidemic has increased, the uncertainty of global economic recovery has increased, and the momentum of recovery has weakened. It's the worst global recession in decades, despite huge efforts by governments to fight it, backed by fiscal and monetary policy. But in the longer term, a severe recession triggered by the pandemic is expected to lead to a prolonged downturn in the economy by reducing investment. The recession could get worse if the COVID-19 outbreak continues, if restrictions on liquidity are extended or reintroduced, or if economic activity is disrupted for a prolonged period. Businesses may struggle to service debt, increased risk aversion could lead to higher borrowing costs, and bankruptcy and defaults could lead to financial crises in many countries.

For Self-improvement Products & Services industry companies, the outbreak of the epidemic has brought both opportunities and challenges to industry companies. First of all, from the perspective of negative impact, due to the outbreak of the epidemic, the production and operation of various Self-improvement Products & Services companies can be affected. For example, the manufacture and sale of various self-improvement books and health products will be affected. In addition, the government has introduced a series of epidemic prevention and control measures, including restricting people's travel and prohibiting crowded events. Therefore, various offline training activities, seminars, publicity activities, etc. are suspended. This brings challenges to the development of the Self-improvement Products & Services industry. However, the epidemic has also brought opportunities for the development of the Self-improvement Products & Services industry. Due to the outbreak, people are staying at home for long periods of time and their free time has increased. In order to enrich the life of home isolation, consumers may increase the demand for Self-improvement Products & Services. In addition, the outbreak of the epidemic has promoted the development of online platforms, and a series of online self-improvement projects such as various online trainings, online seminars, and online applications have continued to develop. In this case, the online space will be an opportunity for companies in the Self-improvement Products & Services industry to grow.

Self-improvement Products & Services Drivers

With the development of the economy and the rise of people's income level, more and more people pay attention to their own health problems and are willing to spend more on improving their health. For example, due to many reasons such as modern fast-paced lifestyles and poor living habits, the number of obese people is increasing. According to Worldometer data, more than 800 million people are obese in the world. In the U.S., about 40 percent of U.S. adults are obese, according to the Centers for Disease Control (CDC). There are many studies showing that obesity is associated with a number of serious chronic diseases, including type 2 diabetes, cardiovascular disease, high blood pressure and stroke, and some forms of cancer. Obesity has also become one of the important risks that threaten people's health. With the continuous rise of people's health awareness, more and more people are aware of the harm caused by obesity and begin to improve their health problems through fitness and weight loss. As a result, there is an increasing demand for fitness-related products and services that improve one's own health, such as various fitness program. In general, with the rise of people's health awareness, the market demand for products and services that improve people's own health is increasing, which will be an important factor driving the development of the industry.
With the rapid development of modern society, people's anxiety is increasing day by day, and they need more and more knowledge to enrich themselves and enhance their personal value. For example, with the development of economic globalization, people's requirements for language skills are getting higher and higher. Take English, for example, its use in the global workplace continues to expand. English is widely used by business people from all walks of life, so more and more people are starting to learn business English. In addition, people pay more and more attention to the cultivation of communication skills in the workplace. Communication is the soul of management work, and an important tool to improve work efficiency, achieve common goals, and meet various needs. As a result, more and more people are choosing products and services that enhance their communication skills. From the perspective of the enterprise field, in today's society, companies from all walks of life are facing increasingly fierce competition. For the development of the company, the company will continue to strengthen corporate training on sales, management, leadership and other aspects.

In general, with the continuous change and development of the times, the workplace has higher and higher requirements for skills and higher standards. At the same time, with the acceleration of the generation and change of information and knowledge in today's society, people need to actively learn and constantly improve themselves in order to face the ever-changing and ever-changing things changing social environment. Therefore, the increased demand for vocational skills training by individuals and businesses and the increased demand for products and services that help improve workplace skills will be one of the important drivers for the development of the industry.

Region Overview:

United States had the highest growth rate of all regions.

Company Overview:

Weight Watchers is one of the major players operating in the Self-improvement Products & Services market, holding a share of 3.10% in 2022.

Weight Watchers is a global health tech company that inspires millions of people to develop healthy habits in real life. Weight Watchers does this by engaging in digital experiences, in-person workshops and sustainable programs that include healthy eating, physical activity and a positive mindset.

Nutrisystem provides safe, effective and scientifically backed weight loss programs with an outstanding scientific advisory board and robust clinical research. All plans include comprehensive support and coaching options from trained weight loss coaches, registered dietitians, and certified diabetes educators. Nutrisystem is committed to continuously improving the nutritional quality, taste and overall appeal of its food products through innovation and its food and nutrition mission, constantly striving to make its food products fresher, cleaner labels and ingredients more transparent.

Segmentation Overview:

Among different product types, Services segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Individuals segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Self-improvement Products & Services market covered in Chapter 3:

Skillpath
Success Resources America
Omega Institute
Weight Watchers
NutriSystem
Toastmasters
Esalen
Robbins Research
Franklin-Covey
Dale Carnegie Associates
Landmark Education
Hay House
Fred Pryor/Career-Track
Sandler Training

In Chapter 4 and Chapter 14.2, on the basis of types, the Self-improvement Products & Services market from 2018 to 2029 is primarily split into:

Products
Services

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Self-improvement Products & Services market from 2018 to 2029 covers:

Individuals
Enterprises

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)