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What happened: According to the Global Wellness Institute's (GWI) report for 2021, the wellness industry globally is valued at around $5T. GWI has recently added the U.S. as the #1 wellness economy in the world, valued at over $1T, to the growing number of countries featured on the organization’s Geography of Wellness microsite. Why it matters: The wellness industry represents 5.3% of global economic output. The continued growth shows the importance of the wellness industry, which includes sectors such as beauty and anti-aging, fitness and mind-body, and healthy eating and nutrition. Where to see the impact: This growth can be seen in the increasing number of wellness-focused businesses, products, and services, as well as the emphasis on wellness in various aspects of society, including healthcare, tourism, and real estate. |
