US Wellness & Personal Care Market Research Report Forecast to 2040
US Wellness & Personal Care Market is anticipated to register a notable CAGR of a 7.06% during the review period of 2023 to 2040.
Wellness and personal care in the United States, often referred to as the ""US wellness and personal care industry,"" encompasses a wide range of products aimed at promoting and maintaining physical, mental, and emotional well-being.
The US wellness & personal care market is predicted to expand due to growing health and wellness awareness and rise of e-commerce growth, However, changing consumer preferences are limiting market expansion. Rise in consumer demand for personalized wellness solutions further boosts the market's attractiveness.
Market SegmentationBased on the product type, the market has been segmented into wellness & personal care. Wellness further segmented into vitamins, proteins, minerals, amino acids, enzymes, functional foods, traditional botanicals, & others. Also, personal care further segmented into skin care, hair care, oral care, & others. The wellness segment held the largest market share in 2022, and personal care is the fastest-growing segment during the forecast period.
Based on the age group, the market has been segmented into pediatric, adult, & geriatric. The adult segment held the largest market share and the fastest-growing segment during the forecast period.
On the basis of distribution channel, US wellness & personal care market has been segmented into E-commerce, Hypermarkets & Supermarkets, Retail stores, and Others. The e-commerce segment held the largest market share in 2022, and hypermarkets & supermarket segment is the fastest-growing segment during the forecast period i.e., 2022-2040.
Major PlayersThe key market players in the US Wellness & Personal Care Market are Arla Foods Ingredients Group P/S, Fonterra Cooperative Group, Colgate-Palmolive company, Procter & Gamble, Johnson & Johnson Services, Inc., Abbott Laboratories, Inc., and Church & Dwight Co., Inc.
Companies MentionedArla Foods Ingredients Group P/S
Fonterra Cooperative Group
Colgate-Palmolive company
Procter & Gamble
Johnson & Johnson Services
Inc.
Abbott Laboratories
Inc.
and Church & Dwight Co.
Inc.