JOURNAL
Is the Multi-Billion Dollar Wellness Industry Worth the Money?
We all know how important health and wellness are, and there is an increasing focus on becoming healthier, more balanced, and ultimately, happier. It’s big business too, with the global wellness industry now valued at a huge $3.72 trillion and accounts for approximately five per cent of the global economic output[1]. It seems that there are new trends and fads coming out every day, from spin classes and yoga to organic food, special drinks, guided meditation classes, and more. There is even a drive to feed our pets clean, healthy, natural food[2]. With the wellness industry now being “one of the world’s fastest, most resilient markets,”[3]outranking the pharmaceutical industry several times over, it’s easy to wonder, is it worth it? And if it is, is it something that is exclusively for high-earners and not for those on a budget?
Wellness trends
Wellness can be defined as “a state of complete physical, mental, and social wellbeing,”[4]and it’s definitely something that is at the forefront of many people’s thoughts. Searches for ‘self-care’ on Google have increased by 25% in the last year[5], and people are paying for more and more wellness products and services. There are even wellness festivals popping up around the world. The Womad festival, for example, dedicates two acres of land to spa and wellness areas, including meditation led by Buddhist monks and shamanic healing. Likewise, Soul Circus in the UK focuses on wellness, with tickets costs around $260. Founder Ella Wroath explains that she “wanted to create a balanced event that left you feeling rejuvenated and inspired, rather than hungover and unhealthy”[6].
A Fight for Health: The Commonalities of the Paleo, Vegan, Vegetarian, Slow Carb, and Flexitarian Diets
Weight loss and health are big business these days, and with so many fad diets claiming to be ‘the one’ to help you meet, or even beat your goals, it is difficult to decide which ones to believe. There is a group of diets, however, that are increasingly gaining in popularity. Not only do they argue for a lifestyle change rather than a faddy quick fix but they all advocate similar eating patterns and for very similar reasons.
More than a little stressed out?
Do you find yourself feeling angrier, agitated, and short of patience? Is it becoming more difficult to relax and focus on the things you enjoy? Do you lay awake at night dwelling on the day’s conflicts, unpaid bills, or other common stressors? When stress becomes overpowering it can leave us feeling powerless. It can cloud our judgment, and limit our ability to think lucidly. Moreover, allowing ourselves to become puppets in the hands of our stressors can take a heavy toll on both our physical and mental health.