Published 14 November 2024

8 min read

By 2028, global spending on wellness is expected to reach nearly $9tn, up from $6.3tn in 2023 (Global Wellness Institute, 2024). Experts gathered at the 2024 Global Wellness Summit (GWS, November 4-7, St Andrews, Scotland) to unpack the consumer behaviours and brand activations powering this growth. We share the key insights to emerge from the discussions.

Hobbies Support Wellbeing

Bathing and Sweating Make a Splash

Upgrading Personal & Planetary Support

Building for Health & Wellness

Tech Shapes Wellbeing

Speakers at the GWS promoted wellness for all, regardless of age or income. Katherine Johnston, senior research fellow at the Global Wellness Institute, emphasised the need for public infrastructure for exercise and socialisation. Throughout the event, panellists framed sports and creative hobbies as accessible pursuits that can help improve physical and mental wellbeing.

Speakers at the GWS promoted wellness for all, regardless of age or income. Katherine Johnston, senior research fellow at the Global Wellness Institute, emphasised the need for public infrastructure for exercise and socialisation. Throughout the event, panellists framed sports and creative hobbies as accessible pursuits that can help improve physical and mental wellbeing.

Summary

Hobbies Support Wellbeing

Speakers at the GWS promoted wellness for all, regardless of age or income. Katherine Johnston, senior research fellow at the Global Wellness Institute, emphasised the need for public infrastructure for exercise and socialisation. Throughout the event, panellists framed sports and creative hobbies as accessible pursuits that can help improve physical and mental wellbeing.

Bathing and Sweating Make a Splash

Saunas and communal baths are booming globally, from the UK to Ethiopia and Japan. Between 2022 and 2023, revenue for the global thermal springs sector rose by $14bn (Global Wellness Institute, 2024). To capitalise on growth, wellness brands are upgrading saunas and bathing with experiences in nature or even nightlife-style entertainment.

Upgrading Personal & Planetary Support

Daily routines are rapidly shifting, driven by a post-pandemic reimagination of workplace norms and accelerating climate change. GWS speakers explained how communal structures – namely religion and employers – can take a proactive approach in helping individuals maintain their wellbeing in this state of flux.

Building for Health & Wellness

The global wellness property market is the fastest-growing sector within wellness, expected to reach $912.6bn by 2028, up from $438.2bn in 2023 (Global Wellness Institute, 2024). Experts at the GWS discussed how the built environment can better support people’s health, spotlighting sustainable materials for buildings alongside infrastructure for water-scarce regions.

Tech Shapes Wellbeing

Technology is pushing consumer health forward, according to GWS speakers who highlighted the potential of artificial intelligence (AI) for treating health conditions (like sleep apnoea) – a topic discussed in our Look Ahead 2025: Technology. Meanwhile, others called for guard rails on social media use in order to improve young people’s mental wellbeing.

Expanding Wellbeing’s Remit: Global Wellness Summit 2024

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Offering access to over 350 consumer and cross-industry reports annually, Stylus Membership is your window to tomorrow’s most exciting opportunities.

We already arm more than 500 of the world’s most forward-thinking brands and agencies with the creative insights they need to make transformative business decisions.

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