Industry Overview
This industry includes businesses focused on personal health, physical fitness and lifestyle. Key suppliers include gym and exercise equipment manufacturers, book and stationery suppliers, pharmacies and personal care products distributors, nutrition supplements and health food companies, catering companies and other suppliers of health and cosmetics. The industry is in its growth stage and faces light regulation. It is highly fragmented with multiple players. The wellness, fitness and lifestyle industry achieved strong growth over the last five years due to strong economic growth and rising discretionary income. A shift in social attitudes towards a healthier lifestyle has encouraged people to invest in personal health and well-being. In addition, the social media lifestyle has further fueled a need for indulgence by providing a platform for lifestyle bloggers and lifestyle entrepreneurs. Going forward these factors will continue to drive demand for this industry.