The wellness economy is a term used to describe industries that enable consumers to incorporate wellness activities and lifestyles into their daily lives. According to the Global Wellness Institute (GWI), the wellness economy includes eleven diverse sectors, such as:

– Physical wellness: physical activity, fitness, mindful movement.

– Mental wellness: self-improvement, nutraceuticals to support the brain, meditation and mindfulness, senses, spaces and sleep.

– Spiritual wellness: spiritual practices and the search for the meaning of life.

– Emotional wellness: managing emotions and mental health.

– Social wellness: interpersonal relationships and community.

– Environmental wellness: taking care of the surroundings and the environment.

– Professional wellness: work-life balance.

– Financial wellness: managing finances and feeling financially secure.

– Intellectual wellness: continuous learning and personal development.

– Physical wellness: taking care of the body through diet, exercise and lifestyle.

– Emotional wellness: dealing with stress and emotions.

GWI estimates that global wellness spending has surpassed $4 trillion per year as of 2017, and will reach a record $6.3 trillion by 2023, accounting for more than 6% of global GDP.

The wellness economy is growing rapidly, outpacing global GDP growth, with positive results even in years of global economic downturns. This growth is fueled by growing consumer interest in aspects such as:

– Physical exercise.

– Healthy Eating.

– Self-care.

– Attentiveness.

– Stress reduction.

– Healthy aging.

– Complementary medicine.

– A holistic approach to health.

For an increasing number of consumers, wellness is becoming an important value system, influencing daily decisions and lifestyles. This includes such issues as:

– The quality and preparation of the meals consumed.

– Coping with stress and improving mental health.

– Incorporating movement into daily activities.

– Environmental Awareness.

– The desire to establish deeper relationships.

– The pursuit of self-realization and happiness.

GWI first defined and measured the wellness economy in 2014 in its “Global Wellness Economy Monitor” report. Since then, the institute has conducted original research, defining and quantifying seven sectors within the wellness economy, such as:

– Wellness Real Estate.

– Wellness in the workplace.

– Physical activity.

– Mental Wellness.

– Wellness Tourism.

– Spa.

– Thermal and mineral springs.

The wellness economy is a rapidly growing sector that is playing an increasingly important role in the global economy, responding to growing consumer demand for health, balance and well-being in various aspects of life.