4 Reasons Why You Should Enter the Health and Wellness Industry Now
The latest research from McKinsey & Company estimates that the global value of the health and wellness market is over $1.5 trillion, with an annual five to 10 percent growth rate.
For executives and entrepreneurs who are in other industries — and who are considering a career move — here are four reasons why entering the health and wellness industry might be a smart move.
With natural products retail sales having capped $189 billion by the end of 2020, Nutrition Business Journal predicts that by 2024, the value of the U.S. market will reach $66.24 billion — an increase of $10 billion compared to 2020.
Since the overall health and wellness industry is becoming increasingly crowded with brands — from home-grown companies to multinational corporate giants dipping their feet in — the industry’s need for highly skilled executives has perhaps never been greater.
While the talent pool in the health and wellness marketplace is strong, movers and shakers who have honed their entrepreneurial craft in the trenches of other markets can often bring fresh perspectives — and potentially a rigor and discipline that comes from these other fields.
