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Prevention and Curing Conditions On The Rise, Strong Demand for Beauty & Personal Care Products, Booming Wellness Tourism and Digital Health Nowadays to Accelerate the Growth of Global Health & Wellness Market

PORTLAND, Ore., June 18, 2026 /PRNewswire/ — As per a new report published by Allied Market Research, titled, “Health and Wellness Market by Product Type (Beauty & Personal Care Products, Health & Wellness Food, Wellness Tourism, Fitness Equipment and Others): Global Opportunity Analysis and Industry Forecast, 2022–2031,” the global health and wellness market size was valued at $4.7 trillion in 2021 and is estimated to reach $12.9 trillion by 2031, growing at a compound annual growth rate (CAGR) of 10.9% from 2022 to 2031.

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Increased consumer expenditure on a wide range of health and wellness products and services across the globe is boosting the market growth. The rising burden of mental and physical diseases such as cancer, depression, anxiety, and a variety of others has played a big part in the growth of the health and wellness sector. By Product Type, the beauty & personal care products segment held the highest share in 2021. By region, Asia-Pacific would showcase the fastest CAGR by 2031.

Another structural thrust for market growth over the forecast period is the increasing popularity of health spas, thermal springs and wellness retreats providing treatments for blood circulation disorders, hypertension, skin infections, stress and body detoxification. 

Key Market Insights: Preventive Health Paradigm, Digital Wellness, and Personalized Nutrition Reshaping the Industry

• Preventive Healthcare Paradigm Shift: Consumers globally are transitioning from reactive, disease-centric healthcare models to proactive preventive wellness strategies embracing functional foods, nutraceuticals, fitness regimens, mental health solutions, and regular health monitoring as part of daily routines.
• Digital Health and Wearable Technology Surge: The rapid adoption of wearable fitness trackers, smartwatches, health monitoring bands, and mobile wellness apps is expanding consumer engagement with personal health data, enabling more informed lifestyle choices and creating new revenue streams for health and wellness brands.
• Personalized Nutrition and AI-Driven Wellness: Advances in genomics, biometrics, and artificial intelligence are enabling hyper-personalized nutrition recommendations, supplementation protocols, and fitness plans a trend reshaping how companies develop and deliver wellness products.
• Mental Health and Holistic Wellness Rising: Mental health awareness has gained mainstream momentum globally, with consumers increasingly seeking stress management tools, mindfulness solutions, sleep optimization products, and emotional well-being services as integral components of their health and wellness routines.
• E-Commerce and Direct-to-Consumer Models: The surge in digital commerce platforms is accelerating accessibility of health and wellness products globally, particularly in emerging markets, where mobile-first consumers are increasingly purchasing functional foods, personal care products, and fitness equipment online.
• Sustainability and Clean-Label Demand: Consumer preference for organic, natural, plant-based, and clean-label health and wellness products continues to intensify, compelling brands to reformulate portfolios and adopt sustainable sourcing and packaging practices.

Market Segmentation: Beauty & Personal Care Leads, Health & Wellness Food Records Fastest Growth

The health and wellness market can be segmented with respect to its product type and regional outlook. By product type, the market is categorized into Beauty & Personal Care Products, Health & Wellness Food, Wellness Tourism, Fitness Equipment and Others. 

Beauty & Personal Care Products: 

The beauty and personal care products segment accounted for almost one-fourth of the global health and wellness market in 2021, dominating it, and is expected to maintain its lead by 2031. Rising beauty awareness among the female population coupled with rising demand for natural and organic skin care products, along with anti-aging solutions and innovations in premium personal care are driving the segment’s dominance. The surging interest for clean-label beauty formulations as well as sustainable packaging are the factors responsible to strengthen the growth momentum of the segment. 

Health & Wellness Food: 

The health and wellness of food is estimated to be the fastest growing segment with a CAGR of 11.6% during the forecast period. The COVID-19 pandemic massively increases consumer demand for vitamins, minerals and dietary supplements which support immune health. Global adoption of functional foods, fortified beverages, plant-based proteins, and probiotic products is soaring due to an increasing awareness of the connection between nutrition and disease prevention. 

Wellness Tourism: 

Wellness tourism characterised by everything from spa retreats to mineral springs-based holidays, meditation getaways, detox programs and nature immersion travel is being driven as one of the fastest-growing sub-segments largely due to an increase in professionals seeking vacation experiences focused on mental, physical and spiritual healing. 

Fitness Equipment: 

Strong growth persists for fitness equipment driven chiefly by the home fitness boom created during the pandemic, rising enrollments within global health club memberships, and ongoing consumer investment in personal fitness infrastructure. It includes smart fitness machines, wearables, yoga equipment and strength training gear. 

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The health and wellness market is segmented into four major regions namely North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East & Africa): 

Asia-Pacific was the largest region in the global health and wellness market, accounting for nearly half of total global revenue in 2021 and is expected to register the fastest CAGR of 11.3% from 2022 to 2031. The high market share of this region can be attributed to its large and fast-growing consumer market, rising health consciousness & disposable income, and state welfare driving a healthy & well populace across China, India, Japan, South Korea & Southeast Asia. The market leaders are also cemented by strong cultural traditions for holistic medicine and herbal remedies and spa wellness practices in this part of the world. 

North America: North America holds the second highest share of health and wellness market attributed to high consumer spending on premium level wellness products, widespread adoption of digital health tools, existing fitness culture & extensive network for heath and beauty retailers. The United States, led by strong demand for organic food, sports nutrition and preventive healthcare continues to be the largest market in the world. 

Europe: The mature and high-value health and wellness market influenced by high regulatory standards for clean-label products, strong demand for organic and natural personal care, as well as a very developed wellness tourism in Germany, France, Italy and the Nordic countries. 

LAMEA (Latin America, Middle East & Africa): The LAMEA region is an emerging growth frontier and the increasing health consciousness, growing accessibility to wellness products via online platforms, government investment in healthcare development implementing policies targeting a healthy society among increasingly wealthy populations can potentially drive expansion in demand for health and wellness goods and services. 

Health and Wellness Market: Competitive Landscape & Strategic Developments 

• Abbott Laboratories: A global healthcare leader developing next-gen continuous glucose monitors (CGM) and consumer-focused health diagnostics and wellness products, establishing a stronger line between consumer-based management of care/wellness. 
• L’Oréal S.A: The world’s biggest cosmetics company, investing in science-based skin care innovation, skin microbiome research, sustainable beauty formulations & digital beauty technology to retain the leadership position into the personal care segment. 
• Unilever plc: Global consumer goods giant with a diversified portfolio of health and wellbeing brands including Dove, Vaseline, Liquid I.V., Nutrafol and Olly fuelling double-digit growth across beauty, wellbeing and personal care segments. 
• Herbalife Nutrition Ltd: A global leading nutrition and wellness company dedicated to personalized healthy living products, AI driven health platforms and GLP-1 nutrition companion products for weight management and metabolic health from caixa de raspa e esmalte Alexandre Lee. 
• Amway Corp: Direct-selling wellness company loved its broad spectrum of nutritional supplements, personal care products, and health solutions through its Nutrilite and Artistry brands. 
• The Estée Lauder Companies Inc: A prestige beauty giant with a diverse portfolio across skincare, makeup, fragrance and hair care while further penetrating new emerging markets through regional partnerships. 

B. Braun, Procter & Gamble, Johnson & Johnson, Nestlé and THE BOUNTIFUL COMPANY These companies rigorously define the health and wellness sector around nourishment through diversified product line-ups in areas of nutrition supplements, OTC health products, personal hygiene, functional foods and consumer healthcare. 

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Recent Key Industry Developments in the Global Health and Wellness Market 

This sector is dynamic, with an investment appetite that has seen a wave of strategic developments in terms of the health and wellness industry: 

• April 2025: Herbalife announced the closing of an asset purchase agreement with Pro2col Health LLC and Pruvit Ventures, according to which HI-LEVEL acquired a personalized nutrition platform powered by artificial intelligence that provides health and longevity protocols based on user biometrics for entry into the commercial marketplace in Q4 2025 in the U.S. followed by international markets beginning in 2026. 
• June 2024: ABBOTT US FDA clearance received for two new over-the-counter CGM systems Lingo and Libre Rio targeting wellness population higher-potential for expansion in advanced metabolic health monitoring for Type 2 diabetic patients.
• February 2024: (Herbalife Nutrition) Herbalife Nutrition released the ‘Herbalife GLP-1 Nutrition Companion’, food and supplement product combinations specifically designed to meet the nutritional needs of people taking GLP-1 weight-loss medications, available in classic and vegan. Available throughout the U.S. and Puerto Rico. 

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of ‘Market Research Reports’ and ‘Business Intelligence Solutions’. AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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Partnering with leading universities and creating 100+ job opportunities, KPIT signals long-term commitment to Vietnam’s technology talent ecosystem.

HANOI, Vietnam, June 18, 2026 /PRNewswire/ — KPIT Technologies, a global technology partner to the Automotive and Mobility ecosystem, announced an expansion of its Vietnam presence with the inauguration of a new technology center in Hanoi and strategic collaborations with two leading universities. With over 25 years of specialized expertise in mobility, experience across 2000+ vehicle production programs, and software powering 20+ million vehicles on the road, this marks an important step in KPIT’s long-term commitment to Southeast Asia and its vision to help shape the future of Mobility.  

A strategic base for Southeast Asia’s Mobility growth

The global mobility industry is focusing on strengthening its competitive advantage by reducing vehicle costs, improving manufacturing efficiency, faster release of vehicles and features, and differentiated consumer experiences. Southeast Asia is emerging as an important region in the mobility value chain. For KPIT, Vietnam represents both a strong local opportunity and a strategic gateway into a fast-evolving regional ecosystem. The new technology center will serve as a hub for engineering, innovation, and collaboration, supporting mobility programs across Southeast Asia and the broader Asia-Pacific region.

KPIT’s growing presence in Vietnam reflects its strategy of being close to the markets where mobility is being reimagined. The company already works with Mobility leaders across Germany, Japan, USA, China, India and other markets.

The Vietnam center has already employed several local engineers and will add 100+ positions in the near future.

Building a long-term talent ecosystem and job opportunities in Vietnam

As part of its long-term vision for the country, KPIT has also signed Memorandums of Understanding with Hanoi University of Science and Technology (HUST- is Vietnam’s first and leading technical university, known for its strong academic tradition, quality faculty, and research achievements); and VinUniversity (VinUni is a private, not-for-profit university built to international standards, with strategic collaborations with Cornell University and the University of Pennsylvania). These partnerships are aimed at strengthening industry-academia collaboration, developing next-gen Mobility talent, and creating huge job opportunities for students and young professionals in Vietnam.

Commenting on the expansion, Sachin Tikekar, President & Joint MD, KPIT Technologies, said, “Vietnam is an important long-term market and talent hub for KPIT in Southeast Asia. We see strong potential in its talent, energy, and pace of innovation, with both homegrown and global vehicle makers continuing to invest in the country. With our new technology center and partnerships with leading universities, we are committed to building local talent, creating high-quality jobs, and establishing a meaningful long-term presence in the region.” 

About KPIT

KPIT is reimagining mobility to create a cleaner, smarter, and safer world. With 25+ years of expertise, KPIT is transforming Software and AI-Defined Vehicles. www.kpit.com 

Media Contact

Sunil Ravish
Sr. Director – Marketing, Media Relations
sunil.r@kpit.com 

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Chandigarh University ranks 1st in Academic Reputation and 2nd in Employer Reputation amongst Indian private universities

CHANDIGARH, India, June 18, 2026 /PRNewswire/ — Continuing its remarkable rise among the world’s leading higher education institutions, Chandigarh University (CU) has made impressive strides in the latest edition of prestigious QS World University Rankings 2027 by securing an overall world rank of 526, registering impressive surge for the fifth consecutive year with CU’s world rank going up by an impressive 274 ranks — from the 800th rank in 2023 to 526th in 2027.

As per the latest QS World University Rankings, with All India Rank of 13 among all universities in the country as compared to 16th rank in 2026’s rankings, Chandigarh University now ranks among the top 1% of universities in India and the top 2% of universities in the World, underscoring its growing reputation as a leading institution of higher learning, both in India and globally.

Ranking by indicators

In the indicator-wise rankings, Chandigarh University secures 1st Rank Among India’s Private Universities in ‘Academic Reputation’ which reflects academic prowess. In global rankings for Academic Reputation in QS World University Rankings 2027, Chandigarh University further improved its ranking from 561 in 2026 to 491 in 2027, a surge of 70 ranks underscoring its growing global standing and academic excellence.

In Employer Reputation which indicates a university’s strong standing among employers, Chandigarh University secured 2nd rank among India’s private universities. In global rankings for Employer Reputation, Chandigarh University secured 147th rank in the QS World University Rankings 2027.

Chandigarh University’s global rank in the ‘International Research Network’ parameter improved by an impressive 240 ranks – from 603 in 2026 to 363 in 2027 rankings. With this, Chandigarh University ranked among the top 1% of universities in world for the International Research Network which shows an institution’s success in creating and sustaining global research collaborations. Chandigarh University ranked among India’s top 5 Universities in International Research Network in the QS World University Rankings 2027.

In International Faculty parameter, Chandigarh University secured 3rd rank among India’s private universities and 4th rank in International Student Ratio.

Terming Chandigarh University’s impressive strides in the prestigious QS World University Rankings 2027 as a significant milestone, Deepinder Singh Sandhu, Senior Managing Director, Chandigarh University said, “Chandigarh University has demonstrated outstanding performance across multiple criteria, including academic reputation and international research network. This continued recognition in the QS World Rankings reflects the dedication and excellence of our faculty, staff, and students towards academic rigor, innovative research, and global impact.”

Sandhu further said, “These rankings deepen our commitment towards imparting world-class quality education and set new benchmarks in higher education by nurturing young minds and equipping them with the skills, attitudes, and values needed to lead in various fields in the future. We remain committed to sustaining this momentum and achieving even greater success in the years ahead among the world’s leading institutions of higher learning by providing best facilities to students, through best practices of innovation and academics.” 

Elated over Chandigarh University’s achievements in QS World University Rankings 2027, Dr Raviraja N Seetharam, Vice Chancellor, CU said, “Besides improving global rank, Chandigarh University’s achieved a remarkable milestone in key indicators like Academic Reputation, International Research Network, Employer Reputation, International Faculty and International Student Ratio in the prestigious QS World University Rankings 2027. We are delighted to secure to 1st rank among all private universities for Academic Reputation. Chandigarh University offers globally-recognized industry collaborative programs in emerging technologies, including AI and Machine Learning (ML), Cyber Security, Cloud Computing, Data Science, Data Analytics and Fintech in collaboration with renowned MNCs including Microsoft, IBM, Intel, TCS, Virtusa, KPMG, SAS, AON, NSE, PwC, Adobe, Meta, Deloitte, Grant Thornton and NISM.”

“In Employer Reputation, Chandigarh University secured 2nd rank along private universities in India according to the QS World University Rankings 2027. This highlights a strong, growing demand for our graduates in the corporate sector which makes Chandigarh University a top choice for MNCs. In 2025, over 1300 top notch global and Indian Companies turned up at CU campus with over 10,000 job offers across diverse streams,” the Chandigarh University VC said.

“Chandigarh University’s top rank in ‘International Research Network’ reflects CU’s research and innovation eco-system which can be gauged from the fact that Chandigarh University students and faculty members have authored over 24,000 research publications and filed more than 6000 patents out of which 5800 patents published and 260 patents were granted in varied domains. In 2024-25 alone, CU students have filed 743 patents, 770 published and 49 patents were granted. Chandigarh University has more than 560 international research network scholars. Marking a significant global research impact, 44 faculty members from CU were featured among the world’s top 2 percent scientists as per the Stanford University–Elsevier list.”

Chandigarh University

Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.

Website address: https://www.cuchd.in/

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BENGALURU, India, June 18, 2026 /PRNewswire/ — Altimetrik, an AI-native engineering company, unveiled a new brand identity that signals a new chapter in the company’s growth with a sharper position as a specialized force in enterprise AI.

The brand refresh follows the acquisition of SLK Software, which united two complementary engineering cultures into an organization of more than 10,000 practitioners worldwide. Deepening partnerships with OpenAI, Google Cloud and Anthropic, the launch of ALTi AIOS, and inclusion in the World Economic Forum’s Centre for AI Excellence set the stage for a brand that reflects where the company is going. The new identity is anchored by the brand platform ‘Scaling Ambitions’, reflecting Altimetrik’s commitment to helping enterprises not just adopt AI, but scale it into lasting competitive advantage.

 “The company has grown, and the brand now reflects that growth. Enterprises need proof, not promises, and that is the standard we hold ourselves to,” said Raj Sundaresan, CEO of Altimetrik. “Altimetrik is an AI engineering company built for the hardest part of the journey, moving from ambition to production. Pilots are easy. Scale is hard because most enterprises are working within complex brownfield environments. Through our work with OpenAI and Google Cloud, and through ALTi AIOS, we are giving enterprises the operating foundation they need to move AI from experimentation to production at scale.”

Altimetrik occupies a specific place in the AI landscape: the engineering depth of an enterprise-scale firm and the speed and AI-nativity of a startup. The brownfield reality of how enterprises operate is where Altimetrik works, and is the space where AI must be engineered with discipline to deliver at enterprise scale.

“The AI services market is rapidly separating into two camps: firms still talking about transformation, and firms actively engineering it into enterprise operations,” said Phil Fersht, CEO and Chief Analyst, HFS Research. “Altimetrik has built its brand around the idea that AI value comes from combining strong engineering discipline, data-centric operating models, and human-led decision making. Providers that can industrialize innovation at scale will define the next era of services.”

The brand refresh spans the logo, wordmark, color system, typography, motion language, and messaging architecture, and is reflected immediately at altimetrik.com and across all marketing materials.

About Altimetrik

We are Altimetrik, an AI-native engineering company helping some of the most revered and iconic enterprises modernize systems, data, and processes at the heart of their business, so they can move faster, operate more efficiently, and innovate continuously. Through ALTi AIOS, our AI-native operating system, we combine the latest AI capabilities with deep engineering expertise to help clients solve complex challenges, accelerate modernization, and deliver measurable outcomes at scale.

Our clients get access to the latest AI innovations while maintaining the flexibility to choose the right technologies for their business, through trusted relationships with OpenAI, Google Gemini, Anthropic, Databricks and major hyperscalers.

A member of the World Economic Forum’s Centre for AI Excellence, the Forum’s global hub for shaping responsible AI, Altimetrik is also recognized in the 2025 Constellation Research ShortList for Global AI Services and named a Major Contender in multiple Everest Group PEAK Matrix® assessments, including Software Product Engineering Services (2026), Enterprise Quality Engineering Services (2025), and Digital Engineering Services for BFSI and Life Sciences. Learn more at altimetrik.com.

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