Today’s key global wellness news articles from around the world, impacting the industry and influencing the business of wellness.
Throughout the last two decades, exercise trends have come and gone, but there’s one workout that has remained a favorite of fitness junkies everywhere: Barry’s. Now, after 23 years of success, Barry’s has launched Barry’s X, a digital fitness space, and The Academy, its first-ever loyalty program.
From Oatly to Impossible Burgers, the plant-based sector is booming, with some analysts predicting its value at $74.2 billion by 2027. Once a niche space, it’s now attracting multinationals like Nestlé and global investors like Blackstone. But as the sector grows, so too does its consumer base, bringing with it more diverse needs and desires than those of early buyers.
The wellness-tourism industry is officially hitting its stride: While a 2017 Global Wellness Institute report clocked it as a $639 billion market (up 6.5 percent annually from 2015), new research released this past April from Vision Research Reports forecasts a spike to $1.10 trillion by 2028.
Gwyneth Paltrow has launched a supplement designed to boost the female libido and support women’s sexual health. The product is being launched as part of the actor-turned-entrepreneur’s wellness empire, goop, and it has an unusual name: DTF, an acronym for the colloquial phrase “down to f***”.
Sweaty Betty’s digital-first multi-channel strategy is helping the U .K-based women’s activewear brand to ” grow quite quickly in multiple markets at the same time,” according to Julia Straus, CEO. “The challenge at retail is that you can only grow, unfortunately, one store at a time,” Ms. Straus said last week at Financial Times’ “Future of Retail” digital seminar.
Share this page: Brits are now spending more time and money on improving their physical and mental health than they did a year ago. This is according to new research carried out by American Express. Here’s a breakdown of what Brits are doing to improve their physical and mental health, including the kind of wellness products they are spending their money on.