Wellness Markets

Part
01
of twenty-six
Part
01

Corporate Wellness: Market Size

Key Takeaways

Introduction

This research provides the size of the corporate wellness market (UK and global). Due to the lack of information on UK corporate wellness market size from the public domain (only available behind paywalls), the same has been triangulated using data points derived from different sources. Further details of the methodology used (including calculations and assumptions) are outlined in the 'Research Strategy' section. The findings of this research have also been presented in the attached document.

UK Corporate Wellness Market Size

  • In 2017, the UK's corporate wellness market was valued at $8.5 billion.
  • Mordor Intelligence reported that the global corporate wellness market grew at a CAGR of 6.51 % between 2018 and 2026.

Global Corporate Wellness Market Size

Research Strategy

For the research on 'Corporate Wellness: Market Size', we leveraged the most reputable sources available in the public domain, including market research sites such as Mordor Intelligence, Ibis World, and Markets and Markets, among others. Finding the UK's corporate wellness market size proved to be a challenge as the same information was hidden under paywalls, such as in the case of this 360iResearch on the United Kingdom's Corporate Wellness Market. Therefore, the research team resorted to finding data points to triangulate the required UK market size for the corporate wellness industry. From industry insights published by Beroe Advantage Procurement, we determined that the UK's corporate wellness market was valued at $8.5 billion in 2017. We, therefore, sought to find the compound annual growth rate of the market within the period, to be able to triangulate the 2020 market size. Even after extensive research, we could not find a CAGR for the UK or Europe's corporate wellness market between 2017 and 2020. Therefore, the research team resorted to using the CAGR (of 6.51%) for the global corporate wellness market between 2018 and 2026 (as published by Mordor Intelligence), assuming that the UK market witnessed the same growth rate as the global market in the same period. The calculations are as shown below;
  • UK corporate wellness market size in 2018= (6.51 × 8.5)/100 + 8.5= $9.05 billion
  • UK corporate wellness market size in 2019= (6.51 × 9.05)/100 + 9.05= $9.64 billion
  • UK corporate wellness market size in 2020= (6.51 × 9.64)/100 + 9.64= $10.27 billion
Using the Bankrate Currency Converter, $10,270,000,000 is equivalent to £7,498,260,000
Part
02
of twenty-six
Part
02

Corporate Wellness: Growth

Key Takeaways

  • From 2017 to 2020, the corporate wellness market in the United Kingdom expanded at an estimated compound annual growth rate of 6.51%.
  • From 2021 to 2028, the global corporate wellness market is projected to grow at a compound annual growth rate of 7.0%.
  • The Fit for Work service launched by businesses in the United Kingdom has helped to increase productivity, contributing to the market's growth in the country.

Introduction

The estimated compound annual growth rate of the corporate wellness market in the United Kingdom was 6.51% between 2017 and 2020. The requested information on the growth rate of the U.K. corporate wellness market has been provided below and copied into the attached Google document.

Growth Rate of the U.K. Corporate Wellness Market

  • According to a report on occupational health services that was published by Beroe Inc., the corporate wellness market in the United Kingdom generated a total of $8.5 billion in the year 2017. Meanwhile, the previous research report for this project ("Corporate Wellness: Market Size") estimated that the corporate wellness market in the country reached a market value of around $10.27 billion by 2020.
  • Utilizing a free online CAGR calculator, along with the figures outlined above, it is estimated that the compound annual growth rate (CAGR) of the corporate wellness market from 2017 to 2020 is approximately 6.51%.

Factors Impacting Growth

  • One of the factors that are impacting the growth of the corporate wellness market in the United Kingdom include the growing attention towards the health of employees for improving productivity. Also, the reduction of insurance and the cost of healthcare are contributing factors to the market's growth.
  • In the United Kingdom, the Fit for Work service has been implemented, as reported by Grand View Research. This particular service provides an annual tax benefit of about $663.3, and it has helped to create an increase in productivity, while decreasing attrition and the amount of leaves.
  • In the last year leading up to February 2020, businesses in the United Kingdom doubled their investments into the wellness sector. A report from CR Worldwide indicated that investments in employee wellness, along with reward programs, was rapidly increasing as U.K. companies were expanding "their average spend on employee programs in recent years." In all, there was a more than 20% YoY rise in the average U.K. spend on travel, wellness, and health programs due to greater workplace stress and an increase in corporate wellness programs.

Growth Rate of the Global Corporate Wellness Market

  • The global corporate wellness market is projected to grow at a CAGR of around 6.51% from 2021 to 2026, as reported by Mordor Intelligence. Meanwhile, a research report published by Report Linker projects that the global corporate wellness market will expand at an estimated CAGR of 7.88% from 2021 to 2025. Grand View Research has recently projected that the global market will increase at a CAGR of at least 7.0% between 2021 and 2028.

Research Strategy:

To determine the growth rate for the U.K. corporate wellness market, we searched for market and industry reports published by prominent research groups from around the world. These included the likes of Allied Market Research, Report Linker, Mordor Intelligence, and Grand View Research, among others. We were able to find the growth rate of the global corporate wellness market through these sources, but they did not provide the CAGR for the U.K. market.

We then searched through reports, articles, and press releases on the corporate wellness market in the U.K. that were published by reputable news and media sources, such as Well Being News, PR Newswire, and Globe Newswire, among others. However, these sources did not highlight the growth rate in the United Kingdom.

Next, we checked for reports on corporate wellness in the country that were published by companies operating in the region. We located a report from Beroe Inc. that provided the market size of corporate wellness in the U.K. in 2017. We then decided to utilize the information provided by Beroe Inc. and the 2020 market size that was estimated in the previous research to calculate the growth rate of the U.K. corporate wellness market. To perform this calculation, we used an online CAGR calculator. The following figures were used in the calculation:
Part
03
of twenty-six
Part
03

Market Size: Digital Wellness

The size of the digital wellness market in the UK has been provided in the attached Google document. Details are also provided below.

Digital Wellness Market Size

Research Strategy

After a thorough search through the public domain, we only found a 2015 report by Deloitte that provided the UK and global market sizes of the digital health market. The report was very comprehensive and it was referenced by another report published by the Digital Health and Care Institute in 2019. Statista figures were also provided.
We provided the market sizes of all the segments in the UK digital health market. However, we couldn't do any triangulations as it is not clear from the examples provided if the digital wellness market is equivalent to the digital health market, or if it consists of one or more of the segments in the digital health market.


Part
04
of twenty-six
Part
04

Digital Wellness: Growth

The growth rate of the digital wellness market in the UK has been provided in the attached Google document. Details are also provided below.

Digital Wellness Market Growth Rate

  • According to Deloitte, the growth rate for the digital health market in the UK in terms of CAGR was 11% between 2014 and 2018.
  • Between 2014 and 2018, the different segments of the digital health market in the UK and their CAGR were digital health systems (6%), health analytics (24%), telecare (4%), apps (35%), wearables (25%), and telehealth (13%).
  • The growth in the UK market was mainly driven by fast-growing markets like mHealth apps and health analytics.
  • Other factors driving the adoption of digital health in the UK include the rising demand for specialty health consulting, particularly in remote regions. The deployment of Electronic Health Records (EHRs)/Electronic Medical Records (EMRs) has grown significantly as a result of the assistance offered to healthcare systems.
  • The CAGR of the global digital health market was 18% between 2014 and 2018, 11.9% between 2019 and 2020, 14.2% between 2020 and 2021, and is projected to be 15.1% between 2021 and 2028.
  • The growth of start-up companies supported by early-stage investments from accelerators, incubators, and venture capital firms was one of the factors driving the growth of the global digital health market.
  • Other major factors driving the adoption of digital health globally include rising cases of obesity and chronic diseases, like diabetes and Cardiovascular Disorders (CVDs), rising demand for remote patient monitoring, growing patient engagement and connectivity as a result of increased deployment of digital health solutions.
  • The COVID-19 pandemic has led to a significant increase in the demand for digital health among consumers and health providers.
  • In addition, "rising investments, mergers & acquisitions, joint ventures, product launches, partnerships, collaborations, and government initiatives" are contributing to the market growth.

Research Strategy

After a thorough search through the public domain, we only found a 2015 report by Deloitte that provided both the UK and global market growth rates of the digital health market for 2014 to 2018. The report was very comprehensive and it was referenced by another report published by the Digital Health and Care Institute in 2019. The current and future global growth rates were obtained from Grand View Research.

Part
05
of twenty-six
Part
05

Wellness Testing + Diagnostics: Market Size

Key Takeaways

  • The market size of the wellness testing and diagnostics clinics in Europe (i.e point of care diagnostics testing) was valued at £5.1 billion in 2021.
  • The estimated market size of the UK point-of-care diagnostics market in 2021 is £44.9 million.
  • The share of the point-of-care diagnostics testing market in Europe compared to the overall in vitro diagnostics market in the region is approximately 46%.
Based on our findings, the market size of wellness testing and diagnostics clinics in UK/Europe is as follows. A copy of these findings can be found on this document.

In-Vitro Diagnostics

  • In-Vitro Diagnostics are "tests performed in laboratories or by consumers at homes, to diagnose, monitor, screen, and assess various diseases, conditions, or infections." IVD products include reagents, instruments, and systems that are intended for use in the diagnosis of diseases or other conditions.
  • The IVD market in Europe has been estimated at USD 15.21 billion in 2021. The global market is valued at USD 73.9 billion in 2021. Converted to GBP, the values are £11.1 billion and £54 billion respectively.
  • According to another report, the UK IVD market has the fastest growth in Europe. Statista shows that UK had an 8.8% share of the European IVD market in 2018.

Point of Care Diagnostics Testing

  • It states that POC diagnostics is a collective term used for diagnostics procedures and tests performed on site, and that compared to laboratory tests, it has the advantage of speed and convenience. As per the above graph, POC diagnostics is a portion of the overall in-vitro diagnostics market. Based on our findings, the POD diagnostics share of the European market is 46% ($6.98 billion/15.21 billion*100).
  • This report has categorized POC diagnostics testing by product type. This includes infectious diseases, cardiac markers, oncology markers, OTC diagnostics tests, drugs of abuse, blood gas testing, fertility testing, urinalysis, coagulation, hematology, glucose monitoring, ambulatory chemistry and decentralized clinical chemistry
  • The market size of POC diagnostics in UK was not available. Hence, we will estimate the value using the UK market share of 8.8% within the European IVD market. The market size can be calculated as USD 61.4 million (8.8%*USD6.98 billion). Converted to GBP this is around £44.9 million.
RESEARCH STRATEGY

After an extensive search we were unable to locate any statistics related to wellness testing and diagnostics specifically (whether in Europe or globally). However, it was observed that the closest definition of such types of wellness testing was associated with "point of care diagnostics testing". POC diagnostics is defined as testing done away from a centralized laboratory setting. Hence, for the purpose of this report, we have used the terms interchangeably.

Since the UK market size of POC diagnostics clinics was not publicly available, we have estimated this figure using the UK market share of the European (in-vitro) diagnostics market.
Part
06
of twenty-six
Part
06

Wellness Testing + Diagnostics: Growth

Based on our findings, the market growth rates of wellness testing and diagnostics clinics in UK/Europe are provided below. A copy of these findings can be found in the attached Google document.  

In-Vitro Diagnostics

  • The in-vitro diagnostic (IVD) market in Europe is expected to grow at a CAGR of 5.1% between 2021 and 2026.
  • Factors driving the growth of the market in Europe include increasing awareness regarding the advantages of in-vitro diagnostics, growing prevalence of infectious diseases and genetic disorders, health concerns, the rising number of early diagnoses, escalating healthcare expenditure, and rising number of diagnostics centers that are equipped with the latest devices.
  • As a result of the COVID-19 pandemic, individuals are settling for "simple diagnostic tests that can be done in-home care settings", which has led to the growing popularity of simple and efficient, over-the-counter diagnostic devices like glucose monitoring kits.
  • The IVD market in the UK is the fastest-growing market in Europe. Factors impacting this growth include increasing activities in the research and development space, the high prevalence of chronic diseases, and the rising need for minimum deadly surgeries.
  • Challenges confronting the European IVD market include the high cost of installation and maintenance of the laboratory equipment, shortage of skilled device operators in diagnostics centers, inadequate knowledge in analyzing diagnostic outcomes, strict government regulations in the approval of new products, and economic policy and strategy changes.

Point of Care Diagnostics Testing

  • The European point-of-care (POC) diagnostic testing market is expected to grow at a CAGR of 9.72% between 2021 and 2026.
  • Factors driving the growth of the market in Europe include the introduction of healthcare information management systems such as electronic health records (EHR), technological advancements, and the availability of high-quality and cost-effective medical solutions for miniaturization and laboratory automation.
  • Challenges confronting the European POC diagnostic testing market include coordination efforts required among healthcare providers, centers, manufacturers, and researchers, reluctance to modify existing industry norms, numerous product recalls, strict regulations, and unfavorable reimbursements.

Research Strategy

After an extensive search through the public domain, we were unable to locate any statistics related to wellness testing and diagnostics in the UK, Europe, or globally. However, it was observed that the closest definition of such types of wellness testing was associated with "point of care diagnostics testing". POC diagnostics is defined as testing done away from a centralized laboratory setting. Hence, for the purpose of this report, we have used the terms interchangeably.
We searched through market research sites such as Market Data Forecast, Markets and Markets, and Grand View Research, and we found that the UK market reports were paywalled. Since the UK market growth rate for IVD and POC diagnostics testing were not publicly available, we have provided the European market growth rates.







Part
07
of twenty-six
Part
07

Wellness Education Solutions: Market Size

Introduction

Due to the low availability of the specific wellness education solutions market size in GBP figures in the UK, in Europe, and in global public domain sources, several relevant statistics on the overall wellness industry were provided in the research brief below. Some of the details presented include the estimated number of institutions that offer health and fitness learning courses in the United Kingdom. Global details on the size of the overall wellness industry were also presented. The findings and the research strategy were presented below and in the attached Google document.

UK Wellness Data

  • There are around 142 entities in the UK that provide health and fitness learning courses.
  • The health club industry in the UK was worth £12.4 billion in 2020.
  • For 2022, U.K. consumers are expected to spend around £487 per year on wellness pursuits.
  • Based on the IHRSA report, the U.K. health club market earned around US$6.2 billion in 2019 based on the latest available report. Health clubs also provide learning sessions to improve personal wellness.

Europe and Central Asia

  • According to Holon IQ, the learning wellness landscape for Europe and Central Asia has around 60 players and generates around $30.4 million in revenue.

Helpful Findings: Global Wellness

  • Based on the latest available data from the Global Wellness Institute, the overall global wellness economy was worth around £2.8 trillion worldwide.
  • Based also on the IHRSA report, the global health club market earned around US$96.7 billion in 2019 based on the latest available report.
  • There are around 280 global players that provide education solutions for schools and businesses.

Research Strategy

To determine the size of the wellness education solutions in the United Kingdom as represented by the given wellness education solutions providers, we leveraged the most reputable sources in the public domain such as market research reports (PR News Wire, Ken Research, HolonIQ, etc.), education and wellness industry reports (Global Wellness Institute, UK Active, IHRSA, etc.), media publications (Telegraph UK, etc.), databases and libraries (The British Library, etc.), consulting firm reports (McKinsey, PWC, etc.), and other relevant sources. Based on our search efforts, we were not able to find the specific market size in GBP of the wellness education solutions in the UK. We inferred that this specific figure is hidden behind the paywalled section of the reports where more details about specific segment breakdowns were provided. What we found is the estimated number of institutions that offer health and fitness learning courses in the United Kingdom.
Given that the wellness education solutions market size that is specific for the UK market was not available in public domain sources, we tried to expand our search to cover all of Europe in general. However, what we found for Europe is also very general to the wellness and fitness industry and not specific to the wellness education solutions market.
We also tried to triangulate the specific market size of the wellness education solutions sector in the U.K. but we were not able to obtain the breakdown of this specific sector based on the various market research reports and other relevant sources that we have searched.
We also tried to obtain and aggregate the number of students who take wellness courses and the revenues of the leading market shareholders in this specific sector but the figures found were not in proportion to the size of the overall wellness market and might skew the true overall market size.
Given the low data availability of the market size data points of the wellness education segment in the U.K., we also provided some additional helpful findings and wellness-related general global wellness market statistics. Some outdated findings were also included as they are still relevant given the intermittent frequency of report issuance from credible industry sources such as GWI.
Part
08
of twenty-six
Part
08

Wellness Education Solutions: Growth

Introduction

After an exhaustive search through the public domain, the research team was unable to locate and triangulate the growth rate of Europe and the UK wellness education solutions market. However, we have provided an overview of the global wellness market, wellness education solutions, and the different segments of wellness solutions in education. More details on our logic have been provided in the research strategy section. The findings and the research strategy were presented below and in the attached Google document. 

Helpful Findings

Research Strategy

After an exhaustive search through the public domain, we were unable to identify the growth rate of the UK and Europe wellness education solutions market. To provide the requested information, we scoured through the public domain for the growth rate of the UK wellness education solutions market. We leveraged resources including HolonIQ, IHRSA, and the Global Wellness Institute. The research team hoped to identify the growth rate in terms of CAGR. This method yielded no results.
Our next step was to triangulate this information. We hoped to identify the current and future market size of the UK wellness education solutions market in order to calculate this information. This method yielded no results as data points for the present and future market sizes are unavailable in the public domain. We thought to expand our scope to the European region; we also implemented the same technique for the region. However, this search method provided no result. The information located covered the general wellness market and was not specific to Europe. Additional information identified provided only the revenue of the wellness solutions in learning and working for Europe and Asia together. Finally, we expanded our scope to the global landscape. Through this method, we were able to identify the growth rate for "wellness in global education." The research team concluded that data on the growth rate of the UK and Europe wellness education solutions market is unavailable in the public domain.
Part
09
of twenty-six
Part
09

Clean Beauty Services: Market Size

A comprehensive analysis of the United Kingdom's(UK's) clean beauty services market size with an attached google document has been provided below.

Selected Findings

Research Strategy

To provide the United Kingdom's(UK’s) market size of clean beauty services, we leveraged credible beauty market reports such as Brand essence and fashion discounts Statista and publications such as PRNewswire. Since part of the available data was in dollars, we used Xe.com to convert dollars to British pounds at an exchange rate of $1=£0.731277. We have provided both global and UK's clean beauty services market sizes.

Triangulations

  • $5439.6 million*0.731277=£3978.2 million
  • $11558.5 million*0.731277=£8452.7 million
Part
10
of twenty-six
Part
10

Clean Beauty Services: Growth

Key Takeaways

  • The U.K. clean beauty services market is estimated to grow at a compound annual growth rate (CAGR) of around 8.93% from 2020 to 2025.
  • The clean beauty services market reached a market size of £221 million in 2020, and it is expected to hit £339 million by the conclusion of 2025.
  • According to Brand Essence Research, the global clean beauty services market is projected to grow at a CAGR of about 12.07%.

Introduction

The estimated growth rate for the clean beauty services market in the United Kingdom is approximately 8.93% between 2020 and 2025. The requested information has been presented below and copied into the attached Google document.

Growth Rate for the UK Clean Beauty Services Market

  • According to a recently published report from Statista, the natural and organic cosmetics market in the United Kingdom was valued at approximately £221 million in the year 2020. The average revenue generated per capita for the industry was £3.25.
  • As mentioned by Statista and Fashion Discounts, the natural and organic cosmetics segment is expected to reach a market value of £339 million by the year 2025.
  • Using a free online CAGR calculator, the compound annual growth rate of the clean beauty services market in the United Kingdom from 2020 to 2025 is estimated to be approximately 8.93%.

Factors Impacting Growth

  • One factor that is helping to drive the clean beauty services market in the United Kingdom is the launch of clean color cosmetics. The Fashion Network reported that in 2018, the United Kingdom accounted for around 21% of the world's clean color cosmetic launches, which was only second to the United States. As stated by Mintel's Jane Henderson, "Clean beauty is more than a trend, it's a lifestyle, and as such brands must adapt to the changing landscape to secure their place in the future market."
  • Also, the proportion of brand-new vegan hair care products launched in the United Kingdom reached 20% in the year 2018. Consumers in the country also have a wider offering of hair products that are gluten-free, as 9% of the launches in the area claimed to be gluten-free.
  • Another factor contributing to the market's growth is U.K. consumers' growing concern over the health and environmental effects of specific ingredients. U.K. consumers are increasingly seeking products that claim to be preservative-free, cruelty-free, and contain natural ingredients.

Growth Rate for the Global Clean Beauty Services Market

  • As reported by Brand Essence Research, the global market for clean beauty is projected to expand at a CAGR of around 12.07% between 2020 and 2027. Europe is expected to capture the second largest market share among regions, behind North America.
  • Furthermore, Europe, along with Asia Pacific, is anticipated to be the fastest expanding regional market for clean beauty services. This swift growth is going to be driven by a rapid rise in consumer spending on various beauty products, as well as the increasing amount of government initiatives that promote clean beauty products that are eco-friendly and toxin-free.
  • Retailers serve as the largest distribution channel segment for the global clean beauty services market, with a 35.1% share of the global market.

Research Strategy:

To determine the growth rate of the clean beauty services market in the United Kingdom, we searched for any available market and industry reports on the topic that were published by research groups, which we believed would provide relevant data on the CAGR of the segment. Such sources included the likes of Brand Essence Research, Mordor Intelligence, Mintel, among others. We also consulted beauty and fashion resources, such as Fashion Discounts, Fashion Network, etc. Additionally, we searched for data through statistical websites, like Statista, which typically offers estimates on almost any given market/industry. Using these sources, we were able to locate specific data points that we used to calculate the growth rate of the clean beauty services market in the United Kingdom. For instance, we were able to find the estimated market size for 2020 and the projected market size for 2025. We then utilized an online CAGR calculator to estimate the growth rate. The following figures were used in the calculation:

Part
11
of twenty-six
Part
11

Pet Wellness: Market Size

Introduction

In 2020, the global pet care market was worth GBP 152.047 billion, while the UK market was GBP 3.51 billion. An in-depth overview of the global and UK pet wellness market has been provided below. Additionally, this research has been copy-pasted on this attached Google document.

Pet Wellness Market Size

The Global Market Size

The UK Market Size


Research Strategy

To determine the pet wellness market size in the UK, we leveraged various reputable sources in the public domain, including industry and market research reports by Pet Food Industry, Fortune Business Insights, Investors Pets at Home, among others. We could find all the requested information from these sources, including the global pet wellness market size. To change the USD to GBP, we used the currency converter known as xe.com.
Part
12
of twenty-six
Part
12

Pet Wellness: Growth

The UK Pet wellness market, which is also known as the pet care market is expected to register a CAGR of 15% from 2021 to 2024. Changing demographics, increased spending on pet care, increase in pet adoption are some factors driving the growth of the UK market. Additionally, this research has been presented on this attached document. 

UK Pet Wellness/Care Market Growth

  • The UK pet care market grew by 2.5% between 2011 and 2019. From 2019 to 2024, the market is estimated to grow by 15%.

Drivers

Global Pet Wellness/Care Market Growth

  • The global pet care market is expected to grow at a CAGR of 5.6% from 2021-2028.

Drivers

  • People's increasing spending on various types of pet care-related products is projected to ease the consumption rate of such products, consequently propelling the pet care market forward.
  • The changing lifestyles of the global population are projected to increase demand for pet care products, boosting the total market.
  • The development of innovative technologically-enabled animal care products for the industry is one of the factors driving the market growth.

Part
13
of twenty-six
Part
13

Babies & Children’s Nutrition: Market Size

Key Takeaways

  • The babies' and children's food and nutrition market comprises several food products for babies and children, such as infant formula, precooked baby foods, children's meal kits, children's ready meals, and lunch box treats.
  • According to Statista, the size of the babies' and children's food and nutrition market in the UK was £1.41 billion in 2020.
  • In recent years, the babies' and children's food and nutrition market in the UK has witnessed a growth due to an increase in the population of young working mothers. The "high cost of living in cities" and low wages have forced more women to start working in order to provide support to their families. Hence, working mothers have become more dependent on processed and readymade nutrition products for their babies and children.

Introduction

The size of the babies' and children's food and nutrition market in the UK was £1.41 billion in 2020. Other insights on the babies' and children's food and nutrition market in the UK and globally are provided in the research brief below. The research brief has also been captured in the attached Google document.

The Babies' and Children's Food and Nutrition Market Size

  • The babies' and children's food and nutrition market comprises several food products for babies and children, such as infant formula, precooked baby foods, children's meal kits, children's ready meals, and lunch box treats.
  • According to Statista, the size of the babies' and children's food and nutrition market in the UK was £1.41 billion in 2020.
  • The corresponding size of the above market in Europe was £8.12 billion in 2020.
  • According to the paywalled market research report titled "Global Baby Food Market" by Allied Market Research (also referenced by Statista in this report), the global market size of the above market was $67.3 billion (£50.74 billion) in 2019. This market "is projected to reach $96.3 billion by 2027."

Insights on the UK Babies' and Children's Food and Nutrition Market

  • In recent years, the babies' and children's food and nutrition market in the UK has witnessed a growth due to an increase in the population of young working mothers. The "high cost of living in cities" and low wages have forced more women to start working in order to provide support to their families. Hence, working mothers have become more dependent on processed and readymade nutrition products for their babies and children.
  • According to data published by "the Office for National Statistics (ONS) of the United Kingdom," the percentage of working mothers with dependent children rose from 66.2% in 2000 to 75.1% in 2019.
  • As a consequence of this excess demand, the UK imported more than $113 million "worth of infant and young child food preparations from Ireland in 2020, making Ireland the top import partner." The next major import partners were "Germany and the Netherlands."

Insights on the Global Babies' and Children's Food and Nutrition Market

Research Strategy

In order to provide the market size of the UK babies' and children's food and nutrition market, we have leveraged the most reputable sources of information in the public domain, such as market reports by Statista, Allied Market Research, and Mordor Intelligence. While all of these reports are paywalled, the free summary of these reports contain the information that is required for this research brief. While the definition of babies' and children's food and nutrition vary slightly from one report to another, for the scope of this research brief, we have considered the babies' and children's food and nutrition market to include all food products that are essential for the development and well-being of babies and children, such as infant formula, precooked baby foods, children's meal kits, children's ready meals, and lunch box treats.

The global market size (in £) of the babies' and children's food and nutrition market in 2019 was calculated using the currency conversion factor 1 USD = 0.754 GBP (on December 31, 2019). The calculation is as follows:
$67.3 billion x 0.754 GBP = £50.74 billion.
Part
14
of twenty-six
Part
14

Babies & Children’s Nutrition: Growth

The calculated compound annual growth rate (CAGR) for the United Kingdom's babies and children's nutrition market is 3.81%. In addition, previous reports have also documented the CAGR of the market globally to range from 6% to 6.5%.

Babies and Children's Nutrition Growth Rate

  • In 2020, Statista reported the market size of babies and children's nutrition to be £1.41 billion.
  • This value is projected to increase to £1.7 billion by 2025.
  • According to Valuates Reports, the global market size for infants and babies' nutrition was $67.3 billion in 2019 (£50.74 billion equivalent).
  • This global market size is forecast by Value Reports to grow at a compound annual growth rate (CAGR) of 6%.
  • Another research by 360 Research Reports stated that the global baby and pediatric nutrition market size was $60.97 billion (£45.97 billion equivalent) in 2020.
  • The market size is expected to grow at a CAGR of 6.5%, according to 360 Research Reports.

Research Strategy

We started the research by looking at market reports such as Statista, IBISWorld, Market Research and 360 Research Reports to answer the research question. We got information on the recent and projected market size of babies' and childrens' nutrition through this strategy. The global market size in pounds was calculated using the closing currency conversion factor of USD to GBP on December 31 of the corresponding year and multiplying it with the amount stated in US dollars. To calculate the growth rate of the babies and children's nutrition market in the UK, we had to get creative and calculated the CAGR using the 2020 market size and the 2025 projected value via the Omni CAGR calculator.

Calculations done

Conversion of USD to GBP

For the global market size in 2019, pounds equivalent (using the currency conversion factor 1 USD = 0.754 GBP)= $67.3 billion x 0.754 GBP = £50.74 billion.
For the global market size in 2020, pounds equivalent (using the currency conversion factor 1 USD = 0.7314 GBP)= $60.97 billion x 0.754 GBP= £45.97 billion

CAGR Calculation

The calculation was done using the Omni CAGR calculator using the following parameters:
Initial value (the market size of the UK's babies and children's nutrition market in 2020)= £1.41 billion.
Final value (the projected market size of UK's babies and children's nutrition market in 2025)= £1.7 billion.
Number of periods (number of years from 2020 to 2025)= Five years
The result gives a CAGR of 3.81%.
Therefore, the CAGR of the UK's babies and children's nutrition market is 3.81%.


Part
15
of twenty-six
Part
15

Corporate Wellness: Top Players

Three of the top players in the global corporate wellness market are ComPsych, Aduro, and Virgin Pulse. Details regarding these companies are provided below and in the attached document.

ComPsych

Aduro

Virgin Pulse

  • Virgin pulse offers wellbeing solutions to businesses across the world. It is headquartered in Providence, RI, and was founded in 2004.
  • Virgin Pulse was selected as a top player because it was identified as such in several global industry reports (e.g. GlobeNewsWire, Mordor Intelligence, MarketsAndMarkets). Virgin Pulse serves 14 million users across the world.

Research Strategy:

To provide the requested information, we leveraged the most reputable sources across the public domain, including industry reports providers like GlobeNewswire, BusinessWire, and Mordor Intelligence, as well as the companies' official websites and LinkedIn profiles.


Part
16
of twenty-six
Part
16

Digital Wellness: Top Players

Key Takeaways

Introduction

Top players in the Digital Wellness Market based on company valuation include Whoop, Calm and Keep. These digital wellness brands each have valuations of over USD 1 billion and are recognized to be among the most innovative companies globally.

Findings:

An editable word document of the findings below can be found here.

WHOOP

  • WHOOP is a next-gen wearable providing users with health monitoring ranging from fitness, sleep, recovery, strain and in-app coaching features.
  • Although its fitness tracker was initially tailored to cater to elite athletes to monitor statistics such as "workout intensity, recovery time, and sleep performance," its use has become more universal among the masses.
  • The company is valued at $1.2 billion.
  • WHOOP's website can be found here.

Calm

Keep

  • Keep is a Chinese fitness platform reported to have a valuation of around USD $2 billion.
  • Keep is identified as "the leading fitness app in China" and has been credited as a pioneer in the Chinese digital fitness arena.
  • This fitness app provides at-home workout videos with a consumer-first approach. This has ensured the growth of its user numbers to surpass the 300 million mark.
  • By January 2020, these users had accumulated "a total of 22.4 billion minutes of exercise."
  • Its website can be found here.

RESEARCH STRATEGY

To identify 3 of the top players globally in the Digital Wellness Market, we read through industry reports, wellness expert platforms, news articles and official websites of digital wellness market players. We leveraged pre-compiled lists of top companies in the digital wellness market. Of the listed companies, we identified 3 that appeared in at least two lists and had achieved valuations of over USD 1 billion, thereby achieving unicorn status. The identified companies are also on multiple watch-lists of top digital wellness brands expected to achieve the highest growth rates in sales and valuation.
Part
17
of twenty-six
Part
17

Wellness Testing + Diagnostics Clinics: Top Players

Introduction

This report identifies the top 3 players in the wellness testing and diagnostics clinics market. The report has also been provided in the attached document.

LabCorp

  • Website
  • Founded in 1995 from a merger between National Health Laboratories and Roche Biomedical Laboratories, LabCorp offers advanced diagnostic testing services from a deep well of scientific expertise to serve different clients including "managed care organizations, biopharmaceutical companies, governmental agencies, physicians and other healthcare providers, hospitals and health systems, employers, patients and consumers, contract research organizations, and independent clinical laboratories."
  • LabCorp was selected as a top player based on its 2020 annual revenue of $14 billion.

Quest Diagnostics

  • Quest Diagnostics is a global leader in providing "diagnostic testing, information, and services that patients and doctors need to make better healthcare decisions. Their services range from routine blood tests — such as total cholesterol, Pap testing and white blood cell count — to complex, gene-based and molecular testing."
  • Quest Diagnostics was selected as a top player based on its 2020 annual revenues of $9.4 billion.

Onsite Health Diagnostics

Research Strategy

To determine the top players in the wellness testing and diagnostics clinics market, we leveraged a pre-existing list of top providers published by Wellsteps that identified the top 9 biometric screening companies based on recommendations from clients, brokers, consultants, and other wellness professionals. From the list, we selected 3 companies with the most revenue for this report.
Part
18
of twenty-six
Part
18

Wellness Education Solutions: Top Players

Introduction

Three of the top players in the wellness education solutions market are Whil, Strive Well-Being, and Mediterranean Wellness. Details regarding these companies are provided below and in the attached document.

Whil

  • Whil was founded in 2014. It offers science-based mini-courses that leverages more than 300 evidence-based studies. Whil offers training in personal well-being, professional performance, and parenting "without the need for learning multiple apps and approaches."
  • Whil was selected as a top player based on the number of people it has served. According to Myshortlister, it has served more than 12 million customers.

Strive Well-Being, Inc

  • Strive Well-Being was founded in 2008 and is based in San Diego, California. It offers wellness education solutions for government employees and corporates. It offers more than 80 classes including group fitness classes, yoga classes, and educational webinars.
  • Strive Well-Being was selected as a top player based on the number of people it has served. According to Myshortlister, it has served more than 450,000 customers.

Mediterranean Wellness

  • Mediterranean Wellness "provides custom corporate wellness solutions, based on the specific needs of each client. This includes white labeled SSO portals, disease management, wellness education, challenges, and biometric integration." Its wellness education program includes webinars, health coaching, and discussion boards.
  • Mediterranean Wellness was selected based on the number of clients. According to Myshortlister, it has served more than 350,000 customers.

Research Strategy

We began our research by searching for pre-compiled lists of top players in the wellness education solutions market. However, this was not fruitful. We then searched through market reports from sources such as GlobeNewswire and BusinessWire, media articles from sources such as Deloitte and Forbes, and various reputable wellness blogs. Although these sources contained information about the wellness market, information on the wellness education solutions market was not available. Next, we searched for lists of companies in the wellness education solutions market on company databases such as DnB and Myshortlister. We used the list provided by Myshortlister as the basis of the research. We reviewed each company listed and provided the companies that offer wellness education solutions and had the highest number of clients.

Part
19
of twenty-six
Part
19

Clean Beauty Services: Top Players

Introduction

Three of the top players in the clean beauty services market globally are Roots Organic Salon, Alexandra Soveral, and Zanzi Hairdressing. These three providers have relatively higher revenue compared to the rest of the providers found. The selected vendors also have clean beauty-related certifications or recognitions. To find the salons, alternative terms for clean beauty were used based on industry definitions as most of the salons or beauty services found rarely use the term for their relevant products. For each player, the following was provided: company name, website, a brief description, and how and why they were identified as one of the top players. The findings and the research strategy were presented below and in the attached Google document.

Roots Organic Salon

  • The Roots Organic Salon provides various types of beauty services such as hair care, skincare, and nails beautification using beauty products that are organic and free of harmful chemicals. The company is based in the U.S.
  • The company was chosen because of its relatively higher revenue compared to the other salons that also provide clean beauty products. It also got a USDA organic certification.
  • Roots Organic Salon was also recognized as a Hall-of-Famer of the Marston Mills awards.
  • The company's estimated revenue is less than $5 million.

Alexandra Soveral Salon

Zanzi Hairdressing

Research Strategy

To determine 3 of the top players in the clean beauty services market, we leveraged the most reputable sources of information in the public domain such as market research reports (PR Newswire, BrandEssence, Research and Markets, etc.), beauty and lifestyle-related publications (Urban List, Good Housekeeping, Allure, Common Thread, etc.), media publications (Forbes, FT, etc.), and other similar sources. Based on this search approach, we were not able to find pre-compiled lists of the top players in the clean beauty services market. What we found in the clean beauty market research reports are the leading manufacturers of clean beauty products. Given this finding, we then looked for salons or other beauty services providers that carry clean beauty products. Based on the definition of clean beauty, these types of products are typically organic, natural, devoid of harmful chemicals, and transparent in sharing their ingredients. To find the salons, alternative terms for clean beauty were used based on industry definitions as most of the salons or beauty services found rarely use the term for their relevant products. We then found salons or other beauty services providers that carry these types of products. As most of these providers are privately held, we used their estimated revenues that were found in business directories such as ZoomInfo. We then selected those with relatively high revenue compared to the rest of the providers we found. We also ensured that the leading vendors that we selected have clean beauty-related certifications or recognitions.

Part
20
of twenty-six
Part
20

Pet Wellness: Top Players

We've provided below and in the document attached the three top players in the Pet Wellness Global market, which are Mars, Hill's Pet Nutrition, and Purina Petcare.

1. Mars

  • Mars is a family-owned company with over 100 years of making sustainable products for the wellness of pets and families and presence in 80 countries.
  • Its headquarters are located in the United States in McLean, Virginia, and its Petcare headquarters in Franklin, Tennessee.
  • They aim to create a better world for mascots by developing the best products for pet well-being.
  • Mars is the owner of many brands in the global Pet Wellness market, including the food and supplementary brands of Royal Canin, Cesar, Nutro, Whiskas, Goodlife Recipe, and Pedigree; and the pet healthcare brands of AniCura, Linnaeus, VCA, BluePearl, and Banfield Pet Hospitals.
  • The company is recognized as the global leader in different segments of the Pet Wellness market, including the Pet Health & Wellness market, Pet Food market, Pet Supplement market, and Pet Dietary Supplements market.
  • Mars' global revenue in 2020 was $37 billion.
  • The company's website is www.mars.com.

2. Hill's Pet Nutrition, Inc.

  • Hill's Pet Nutrition is a company owned by Colgate-Palmolive, headquartered in Topeka, Kansas, United States.
  • They create premium food, vitamins, and supplements for pets, mainly cats and dogs.
  • The company praises itself for using only therapeutic nutrition formulas tested by scientists and approved by veterinaries.
  • Its brands include the pet food and supplements brands of Bioactive Recipe, Science Diet, Prescription Diet, and Healthy Advantage; and the pet healthcare brand of HillsVet.
  • Hill's Pet also has pet community programs like Natural Disaster Support, Shelter Partners, Clear the Shelter, and Food, Shelter & Love.
  • The company is recognized as one of the global leaders in different segments of the Pet Wellness market, including the Pet Health & Wellness market, Pet Food market, Pet Supplement market, and Pet Dietary Supplements market.
  • Hill's Pet Nutrition's global annual revenue was $2,883 million in 2020, which represents 17% of Colgate-Palmolive's total net sales revenue.
  • The company's website is www.hillspet.com.

3. Purina Petcare

  • Purina Petcare is a company owned by Nestlé, with 80 years of history dedicated to pet nutrition and health and presence in over 70 countries.
  • Its headquartered in Vevey, Switzerland, and St. Louis, Missouri, United States.
  • They offer pet food, cat litter products, and pet snacks focused on providing health and nutritional solutions for senior cognition, digestive health, early development, and weight management of pets, mainly dogs and cats.
  • Its brands include Purina Pro Plan, Beneful, Purina ONE, Dog Chow, Purina Veterinary Diets, Fancy Feast, Friskies, Mighty Dog, Alpo, Kibbles & Chunks, Deli-Cat, Busy Bone, Chew-rific, Gourmet Gold, HiPro, Mon Petit, Kit ‘N Kaboodle, TBonz, and Whisker Lickin’s.
  • The company is recognized as one of the global leaders in different segments of the Pet Wellness market, including the Pet Health & Wellness market, Pet Food market, Pet Supplement market, and Pet Dietary Supplements market.
  • Purina Petcare's annual revenue in 2020 was CHF 14 billion or $15,147,760,999.
  • The company's website is www.purina.com.

Research Strategy

For this research on the top players in the global market of Pet Wellness, we leveraged the most reputable sources of information available in the public domain, including pet magazines, recognized industry websites, news, and industry research and statistical sites like Wicz, Common Thread, Forbes, Pet Food Industry, Amazon, Grandview Research, Mordor Intelligence, Future Market Insights, NBC News, etc. We defined "top" in terms of revenue and market positioning.

Also, we found three different definitions of Pet Wellness, one referring to healthcare and insurance for pets, the other to behavioral and psychological wellness, and the last to pet supplements, vitamins, and food products. Based on the examples we were provided of KatKin, Bella & Duke, and Vitapaws, we focused primarily on the top players for the third definition. We noticed, however, that all of them provided services and products in all areas of Pet Wellness, not only food and supplements, which allowed us to cover the top three players in every definition of Pet Wellness.
Part
21
of twenty-six
Part
21

Babies & Children’s Nutrition: Top Players

Key Takeaways

Introduction

Danone, Nestle, Abbott Nutrition, Friesland Campina, and Campbell Soups are top players in the global babies & children's nutrition market. Danone, Nestlé, and Abbott Nutrition generated $144.88 billion, $91.21 billion, and $34.6 billion in global revenue. Continue below for a deep dive into our findings and research strategy. A copy of the Google document can be found here.

Top Players

Danone

Website
  • Danone is a food company operating in four segments: Essential Dairy and Herbal Products, Early Life Nutrition, Medical Nutrition, and Water.
  • After acquiring WhiteWave, Danone restructured the company into three main segments: dairy products and essential vegetables, which account for just over half of the Group's sales; special nutrition; and bottled water.
  • The company offers oral and tube feeding products for the dietary treatment of infants and children, liquid oral nutritional supplements, and hypoallergenic products for infants and children with a milk allergy or allergy to multiple dietary proteins, primarily under the brand name Nutricia.
  • The company has been recognized as one of the market leaders in various industry reports.

Pestle

Website
  • Nestle is a global food and beverage company. It offers products and services in several categories, including liquid and powdered drinks, health and nutritional sciences, dairy and ice cream, pet care, ready meals and kitchen aids, cookies, and water.
  • The diverse product portfolio includes brands such as Nestle, Nescafe, Perrier, Pure Life, and Purina.
  • Nestle provides products and services for all stages of life, at all times of the day, and helps people look after themselves and their families.
  • The company has been recognized as one of the market leaders in various industry reports.
  • The company employs approximately 273,000 people and has factories or branches in almost every country in the world.
  • The company has been recognized as one of the market leaders in various industry reports.
  • Nestle generated $91.21 billion (CHF84.3 billion) in global annual revenue in 2020.

Abbott Nutrition

Website
  • Abbott is a healthcare company specializing in brand-name generics, medical devices, nutritional supplements, and diagnostics.
  • Abbott is committed to educating healthcare professionals. The company goal is to improve patient outcomes, and improve the health of people around the world, in a measurable way.
  • Through joint initiatives with leading organizations around the world, we help advance science-based nutrition. ANHI addresses the clinical and nutritional challenges facing healthcare professionals today.
  • The company has been recognized as one of the market leaders in various industry reports.
  • Abbott Nutrition generated $34.6 billion in global annual revenue in 2020.

Friesland Campina

Website
  • FrieslandCampina produces and sells consumer goods such as dairy drinks, baby food, cheeses, and desserts in many European countries, Asia, and Africa through its subsidiaries.
  • Major brands are Friesche Vlag, Chocomel, Fristi, Dutch Lady, Milner, Campina, Landliebe, Optimel and Mona.
  • The company has been recognized as one of the market leaders in various industry reports.
  • FrieslandCampina generated $13.056 billion (€11,140 million) in global annual revenue in 2020.

Campbell Soups

Website
  • Campbell Soup was founded in 1869. Today they are a specialist brand with two divisions: Meals & Beverages and Snacks.
  • The company's product range includes well-known brands such as Campbell's, Pace, Prego, Swanson, V8, and Pepperidge Farm. After selling international snack stores, the company receives almost all sales in its territory.
  • Over the past few years, Campbell has made several acquisitions to change its product portfolio, including a partnership with Snyder'sLance (ended March 2018) which increases its access to a rapidly growing range of snack foods by completing the Pepperidge Farm product line.
  • The company has been recognized as one of the market leaders in various industry reports.
  • Campbell Soups generated $8.69 billion in global annual revenue in 2020.

Research Strategy

We began our research by combing through reputable sources of information in the public domain, such as market reports by Statista, Allied Market Research, and Mordor Intelligence for information regarding the top players in the Global Babies & Children’s Nutrition market. This strategy was successful, and we were able to unearth key players in the industry. However, the report is paywalled, and we could not access the market share of the key players in the industry.

To locate the top player in the industry, we leveraged information on the company's annual report and financial filings. Our research team was able to determine the top players using the company's annual revenue. The top players were ranked based on their annual revenue.
Part
22
of twenty-six
Part
22

Adult Personalized Nutrition: Top Players

Introduction

This research identifies 3 of the top players in the global adult personalized nutrition market based on revenues. These include HUM Nutrition, Persona Nutrition, and Care/of. We have provided below a brief overview of each of the identified top players, along with their website and our research strategy to identify them. As suggested, we have also pasted our findings in the attached shareable, editable Google doc titled 'Top Players in the Adult Personalized Nutrition Market.'

Top Players in the Adult Personalized Nutrition Market

1) HUM Nutrition

  • The company's website can be accessed here.
  • The company started as a provider of vitamin supplements intended to contribute to healthy and clear skin. However, over time, HUM Nutrition has expanded to offer a variety of supplements that are formulated with clinically proven, triple-tested ingredients and are personalized to address specific issues, such as insomnia, immunity, bones & joints, hair and nails, anxiety, stress, metabolism, and food cravings, among others. It has a network of registered dietitians (RDs) to help individuals find the right supplements and create a tailored and customized supplement regimen through a three-minute online quiz assessing their health.
  • On each product page, the customers can review the science behind each of the nutrients included in the supplements. The company's products range from $10 to $60. Customers can choose a monthly subscription plan, where their subscription box is shipped every 30 days, or buy a Commit and Save plan for 3, 6, or 12 months.
  • As per Zoominfo, the company has an estimated revenue of $47 million. The company's products are available globally through international shipping except in countries like Germany, the UK, China, and Macau, where its products are available through local partnerships.
  • The company has been included in this list of top industry players based on its revenue. Additionally, it has been mentioned as a key player in the personalized nutrition market in several industry lists and media articles from CNET, Byrdie, WWD, Healthline, etc.

2) Persona Nutrition

  • The link to the company's website can be found here.
  • The company provides individuals with formulated vitamin packs with all the nutrients that are personalized based on an in-depth questionnaire that covers lifestyle, physical activity, nutrition, prescription medications, sleep, dietary preferences, and more. The company offers free shipping to its customers and ships orders every 28 days in convenient daily dose packets, which are also eco-friendly and sustainable.
  • Persona offers over 90 products, including a wide variety of letter vitamins, supplement blends, and herbal supplements. It also features an app that allows individuals to track their progress and adjust their regimen by connecting with a nutrition team comprising dietitians, pharmacists, and other health experts.
  • As per estimates from Growjo, the company has an estimated revenue of $21.6 million. It operates as a subsidiary of Nestle Health Science company. Persona Nutrition is available in more than 140 countries via worldwide shipping. It provides personalized vitamin packs for as little as $30 a month.
  • The company has been included in this list of top industry players based on its revenue. Additionally, it has been mentioned as a key player in the personalized nutrition market in several industry reports, including the ones from MarketsandMarkets, 360 Quadrants, and Arizton Advisory & Intelligence, among others, and media articles from CNET, Byrdie, WWD, Healthline, etc.

3) Care/of

  • The link to the company's website can be found here.
  • Care/of is a "vitamin subscription company that provides personalized supplement recommendations" and delivers them directly to the customers. The company assesses each customer on their overall health based on a short 5-minute quiz and leverages that information to create a personalized vitamin subscription plan based on each individual's current activity level, diet, goals, lifestyle, and values. The company was established in 2016, with its headquarters in New York. It offers its products in the US and Canada.
  • It offers a wide range of products, including vitamins, minerals, herbal supplements, probiotics, specialty supplements, collagen powders, protein powders, boost powders, and Quick Sticks vitamin powder packs for on-the-go use. The company also features an app that allows individuals to track their supplement routine and ensure that they do not miss out on their daily dose of vitamins. Care/of has an average customer rating of 4.8 stars out of a possible 5 on Trustpilot. Around 80% of the customers have awarded the company the full 5 stars.
  • As per Zoominfo, the company has an estimated revenue of $19 million. As per a Forbes article, Care/of has a total valuation of $225 million based on the recent transaction by Bayer AG to acquire a 70% stake in the company.
  • The company has been included in this list of top industry players based on its revenue and valuation. Additionally, it has been mentioned as a key player in the personalized nutrition market in several industry reports, including the ones from MarketsandMarkets, 360 Quadrants, Arizton Advisory & Intelligence, and ResearchAndMarkets.com, among others, and media articles from CNET, Medical News Today, Healthline, etc.

Research Strategy

To identify 3 of the top players operating in the adult personalized nutrition market, we began by scouring through the industry reports from Deloitte, McKinsey, MarketsandMarkets, KPMG, Accenture, Market Radar, Arizton Advisory & Intelligence, and 360 Quadrants, among others. We also searched through media articles from Forbes, WSJ, Bloomberg, Reuters, Business Insider, Businesswire, PR Newswire, etc., and various health and wellness blogs providing lists of the best vitamins & minerals subscription boxes like CNET, Medical News Today, Healthline, WWD, and Byrdie, among others. While these sources did not provide any ranked pre-compiled list of top players, they provided names of several key players operating in the market. We leveraged these lists to select pertinent companies (as per the given industry jargon) providing personalized adult vitamin and mineral subscription boxes monthly and then ranked them based on their revenue to include 3 of the top industry players. Since all the identified companies were private in nature, we have used revenue estimates from third-party company databases like Zoominfo, D&B, Growjo, Craft.io, Crunchbase, etc., to rank them.
Part
23
of twenty-six
Part
23

Children's Personalized Nutrition: Top Players

Key Takeaways

  • Amway is one of the top providers of children's personalized nutrition products, with a reported revenue of around $8.5 billion in the year 2020.
  • By-Health is one of the world's leading providers of children's personalized nutrition products, with an estimated revenue of about $6.02 billion in the year 2020.
  • Nestlé Health Science is one of the leading providers of children's personalized nutrition products, with a revenue of CHF 3.3 billion ($3.6 billion) in 2020.

Introduction

Based on their latest revenue figures, three of the top players in the global children's personalized nutrition market include Amway, By-Health Co. Ltd., and Nestlé Health Science. Each of the companies mentioned have generated revenues exceeding $1 billion in 2020. The requested information and links on these companies has been provided below. As instructed, the findings of this research brief have also been presented into the attached Google document.

Top Players in the Children's Personalized Nutrition Market

1. Amway

  • According to a market report from Arizton, Amway is one of the major vendors within the overall personalized nutrition market. A link to the company's official website is available here.
  • Amway was established in the year 1959, and it operates as a health and wellness company with over 1 million Amway Business Owners, or ABOs. On its website, Amway has a personalized health assessment it calls the "Nutrition Recommender", which gathers information about a consumer and provides them with science-backed personalized product recommendations.
  • Headquartered in Ada, Michigan, Amway's leading brands include Artistry, XS energy drinks, and Nutrilite. Through Nutrilite, Amway sells personalized children's nutrition products, and it currently has 10 children's vitamins and supplements on sale through its website.
  • As reported in a recent press release published by Amway, the company generated total sales of approximately $8.5 billion in the year 2020, which is why it was selected as one of the top players in the global children's personalized nutrition market. The company's nutrition offerings made up more than 50% of its sales for the year.

2. By-Health Co. Ltd.

  • One of the top players within the global children's personalized nutrition market is By-Health, a China-based company. A link to the company's official website is available through this link.
  • Founded in the year 1995, By-Health is a provider of science-based vitamin and dietary supplements, and the company maintains a 10.3% share of the VDS market in China alone. By-Health developed the first personalized vitamin mini-tablet supplements in the world, as well as the world's first core-algorithm-embedded equipment for these products.
  • Today, the company has created over 30 different types of customized product ingredients. It currently offers 13 various nutritional products for children and teenagers, including chewables, tablets, oils, liquids, and powders.
  • According to the Wall Street Journal, By-Health's revenue amounted to approximately $6.02 billion in the year 2020, which is why it was selected as one of the top players in the global children's personalized nutrition market.

3. Nestlé Health Science

  • Nestlé Health Science, a unit of the Swiss company Nestlé, offers personalized nutrition products targeted at children through Persona, which operates as a science-centered proprietary technology that has created a personalized vitamin subscription program. Nestlé Health Science acquired Persona in August 2019 as a part of its objective to become the leader of the personalized nutrition segment.
  • In March 2020, Persona's services expanded to over 60 nations around the world to help satisfy the worldwide consumer demand for personalized wellness services and products. As of 2020, its personalized nutrition products are available to consumers in Asia, Asia-Pacific, Europe, Middle East/Africa, North America, and South America.
  • Persona offers personalized nutrition gummies for teenagers and children. It utilizes a direct-to-consumer sales model to bypass confusion and guesswork. Via the program's free online assessment, it inquires about a potential customer's lifestyle, prescription medication usage, fitness levels, and dietary preferences in order to provide science-supported and high-quality nutritional supplements "in customized daily packs directly to a customer’s doorstep every month."
  • In 2020, Nestlé Health Science's sales amounted to around CHF 3.3 billion ($3.6 billion), which is why it was selected as one of the top players in the global personalized children's nutrition market. A link to the Nestlé Health Science website is available here.

Research Strategy:

To identify three of the top players in the global children's personalized nutrition market, we first searched for pre-compiled lists of the leading companies within the space. We scanned through the public domain for such a list, however, we were unsuccessful in locating one. We then turned our attention towards industry and market reports on the global children's personalized nutrition market published by prominent research groups, which we believed would have conducted vigorous research on the topic and offer relevant insights on the market's leaders. Such sources included the likes of Market Watch, Research and Markets, Allied Market Research, and Markets and Markets, among many others. Although we were able to find industry and market reports on the overall personalized nutrition market, most of the publications mentioned companies that do not offer personalized nutrition products for children. Next, we searched for reports, articles, and press releases published by reliable news and media sources, such as PR Newswire, Forbes, Wall Street Journal, etc., that discussed the children's personalized nutrition market or companies that operate within the space. Most of the companies listed in the reports, articles, and press releases that we came across focus on the overall personalized nutrition market, but several of them offer products targeted at children. We decided to use these sources as the basis of our research and searched for their revenues through available company reports, third-party company databases, and press releases detailing quarterly or yearly results.
Part
24
of twenty-six
Part
24

Personalized Nutrition: Market Size

The size of the personalized nutrition market in Europe is estimated to be $2.2 billion. As information regarding this industry in the UK, specifically, was scarce in the public domain, we provided the market size in Europe as a whole.

European Market Size

  • The global personalized nutrition market size was valued at $8.2 billion in 2020. Since Europe holds 26.89% of the global market, we estimate that this region's market size is about $2.2 billion (8,200,000,000x26.89/100=2,204,980,000).

Useful Paywalled Reports

Through our research, we were able to obtain several market reports that may provide either the UK's share of the global market or its specific market size.
  • Global Personalized Nutrition Market 2021-2027 (Global Information, Inc.). Price: $3,600.
  • Europe Personalized Nutrition Market (Market Data Forecast). Price: $3,335.
  • Europe Personalized Nutrition Market Report - Forecast 2026 (Consainsights). Price: $4,750.
  • Personalized Nutrition Market Report (Axiom). Price: $4,150.

Research Strategy

After searching through industry reports in different reliable sources such as Markets and Markets, GlobeNewswire, and Orbis Research, as well as publishing platforms like Issuu and statistical data providers like Statista, we were unable to obtain enough information regarding the personalized nutrition market in the UK that could either provide us with direct information about its market size or help us triangulate an approximate market size for the region. Hence, we expanded our research to provide the size for Europe as a whole. However, we were able to provide paywalled reports that may contain the UK's market share or size.
Part
25
of twenty-six
Part
25

Personalized Nutrition: Market Segmentation

Introduction

After an exhaustive search through the public domain, we were unable to provide segmentation of the European personalized nutrition market in terms of age group (adults, children). However, we have provided a breakdown of other segments by product type, application, and end-user. Additionally, helpful findings on the various segments for the global personalized nutrition market have been provided below. More details on our logic are provided in the research strategy section. The findings of this research brief have also been presented in the attached google document.

Personalized Nutrition Market — Segmentation

  • According to Market Data Forecast, the European personalized nutrition market is categorized by product type, application, and end-use.
  • The market is segmented into different categories by product type including, functional food, dietary supplements, active measurements, standard measurements, and functional drinks.
  • By application, the market is categorized into different segments including, inherited diseases, sports nutrition, and medicinal supplements.
  • Also, the market is segmented into various categories by end-users including, direct to consumers, hospitals, and ambulatory care.

Helpful Findings

  • The Economist opines that about 70% of adults in the UK are using a personalized nutrition service.
  • Globally, the personalized nutrition market is also segmented by product type, application, and end-use. However, the global market by application focuses on only standard supplements and disease-based divisions.
  • Additionally, the product-type segment focuses on only active measurement and standard measurements. In contrast, the end-user segment is divided into direct-to-consumer, wellness and fitness centers, hospitals and clinics, institutions.
  • For a forecast period of 2019 to 2027, Business Wire states that the active measurement tool segment would experience a 14.66% growth through 2027.
  • Furthermore, Business Wire opines that the wellness and fitness center and sports segment are forecasted to grow by 14.15% and 15.85%, respectively, through 2027.
  • According to Melanie Zanoza Bartelme, a global food analyst, about "34% of US diners would love to see more personalization and 55% of Canadian adult sport users would be interested in a nutritional plan based on their DNA."

Research Strategy

After an exhaustive search through the public domain, we were unable to provide segmentation on the European personalized nutrition market in terms of age group (adults, children). To provide the requested information, we scoured through various market resources, including Markets and Markets, GlobeNewswire, Market Data Forecast, and Business Wire. The research team hoped to locate the segmentation of the market by percentage or in British pounds. Our focus was on the breakdown segments in terms of age groups (children, adults). This search method yielded no results. We thought to triangulate the information from different data points, including the market size by segment for the global market. This search method yielded no results as the required data points were not readily available. During our search, we discovered that the most reputable resources provided a breakdown of the market segments by product, application, and end-user only.
Our next step was to expand our scope to the global personalized nutrition market. We hoped to identify the different segments in terms of age group. However, this search method proved abortive as information was not readily available. For the various segments identified (by type, application, end-user), the research team could not triangulate the size for the European market segment as the information identified only provided the growth rate without any corresponding data. We discovered some paywalled sources that might provide in-depth analysis of the UK and European personalized nutrition market segments (Market Data Forecast, The Economist). Previous research provided the market size of the European personalized nutrition market, so this research was also directed towards providing the market segment for the European personalized nutrition market.
Part
26
of twenty-six
Part
26

Personalized Nutrition: Growth

There's not enough information regarding the growth of the personalized nutrition market in the UK in the public domain; hence, data for the European market was provided. The European personalized nutrition market is projected to grow at a CAGR of 9.4% from 2021 to 2027. Consumer awareness of personalized nutrition, the prevalence of lifestyle disorders and the rising prevalence of chronic diseases are some factors driving the growth of the market in Europe. An in-depth overview of the global and Europe market has been provided below and in the attached document.

European Personalized Nutrition Market Growth

  • The European personalized nutrition market is expected to grow at a CAGR of 9.4% from 2021 to 2027.

Drivers

  • Consumer awareness of personalized nutrition is a major factor driving the European personalized nutrition market forward. To promote health and nutrition, there is a trend toward personalizing food for a better diet and greater awareness of healthy food.
  • Inadequate nutrition, the prevalence of lifestyle disorders, and the growing population of senior citizens are driving retail sales of nutrition and health products in Europe, which is contributing to the market's growth.
  • Other factors driving the growth of the market include cohesive government initiatives to promote personalized nutrition intake, rising disposable income, and high demand for sports nutrition.
  • The rising prevalence of chronic diseases necessitates the need for nutraceuticals and other essential dietary supplements, which propels the market's regional expansion.
  • The growing demand for natural/organic food is another factor driving the market's growth.

Global Personalized Nutrition Market Growth

  • The global personalized nutrition market is projected to grow at a CAGR of 16.0% from 2021 to 2030.

Drivers

  • The market growth is expected to be driven by an increase in demand for personalized solutions as a result of rising health awareness and the growing trend of digital healthcare solutions over the forecast period.
  • Growing geriatric populations across regions, as well as changing consumer trends such as rising consumer preferences for high-quality nutritional food, are expected to boost personalized nutrition approaches.
  • Technological advancements and increasing innovation are other factors driving market growth.

Research Strategy

After searching through industry reports in different reliable sources such as Market Data Forecast, Markets and Markets, GlobeNewswire, and Orbis Research, as well as publishing platforms like Issuu and statistical data providers like Statista, we were unable to obtain enough information regarding the growth of the personalized nutrition market in the UK. Hence, we expanded our research to provide the size for Europe as a whole. There's no publicly available information on adult and children's segments market growth.

Research proposal:

Only the project owner can select the next research path.
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Sources
Sources

From Part 05
From Part 20
From Part 21
From Part 22