Headlines in the Global Wellness Economy
Global Wellness News™ | October 25th, 2022
Canyon Ranch preps for major expansion with new destinations in Austin, Fort Worth and Houston | spabusiness.com news
US wellness lifestyle brand Canyon Ranch is set to strengthen its portfolio with two new urban clubs and a brand-new destination resort in Texas. The company has partnered with real estate investment trust VICI Properties* to secure up to US$200m (€204.6m, £178.7m) in capital to develop an Austin-based wellness resort in the Texas Hill Country, with plans to begin construction in 2023 and open to guests in 2025.
The Future of Everything The fitness industry is looking to offer technologies and strategies aimed at taking healthy workouts to the next level. Here are a few of the trends to come.
What You Should Know: – The global femtech market size is expected to grow from $12.65 billion in 2022 to $22.29 billion by 2028, with an estimated CAGR of 9.9% from 2022 to 2028, according to the latest Insight Partners report.
Fitness brands are tapping into emotional health, reflecting consumer interest in holistic wellbeing and the overlap between mental and physical health. Now, consumers are embracing physical activity in search of emotional benefits, not just the physical workout.
The company expects its first fats product to go into alternative protein product lines and specialty foods in 2023.
How can health and fitness coaches reach a broader market in order to keep costs down and help more people live healthier lives? Software-as-a-service start-up FitBudd, which is today announcing a $3.4 million seed funding round, thinks it has the answer.