Ecotrend BlogWellness is
more than a trend; the name itself calls for a more diversified understanding
of what “it” is. Wellness not only mirrors the attributes of so-called ‘health
warriors’, but it also captures the deep yearning for a sense of intrinsic
harmony, and that can mean mental and psychological well-being. In 2023, the global wellness market is valued
at $1.5 trillion, and it’s been growing at a steady 5
- 10% a year. Younger populations are influencing and shifting consumer trends,
and importantly, redefining what wellness means; away from restrictive diets, and
towards joy, body positivity and social connection. Technology inevitably will
play a larger role in the wellness market, optimizing everything from our sleep
to our environmental conditions (air quality), to telehealth. Scott Melville, CEO of the Consumer Healthcare
Products Association mentioned in a recent McKinsey interview that “…Consumers
have been empowered with technology, they’re accessing more information than
ever before, and they’re able to make choices about their own healthcare,
whereas in the past perhaps they would have relied upon their doctor to make
choices for them.” On the
contrary, technology products can often require a large investment that’s not
accessible to everyone. With the past year of sky-high inflation, more people
may turn toward “small luxuries”, products like body care, home fragrances, snackable
healthy bites, zero-proof drinks and clean beauty products. Looking forward to
2024, we put together some of the top wellness trends the internet is buzzing
over. Go Skin Deep…
for the Entire Body For the past
few years, we’ve seen clean skincare brands take center stage. Peptides,
niacinamide, hyaluronic acid, and retinol, these chemical compounds have become
heroes in the skincare industry, even making their way into makeup staples like
foundation (makeup-as-skincare, anyone?) In 2024, we
will see skincare routines extend below the neck. Self-care is here to stay,
and according to the 2024 Pinterest Predicts Report, both “Boomers and Gen Z will double
down on luxury lotions, in-home spa experiences and some serious SPF.” Searches
on Pinterest for the term “body skincare routine” rose by a whopping +1,025%
and body care is up +845%. The Kool-Aid
these Days Isn’t Alcohol The days of
hangovers and regret are almost behind us. Consumer preferences are shifting
towards feeling well after a night out and throughout the week. That means,
switching between alcoholic beverages and zero-proof drinks. The list of companies coming out with zero-proof
selections is lengthy—and many of them have found a way to make them just as
creative, or tastier than their alcoholic counterparts. We’ll continue to see
unique mocktail experiences with botanical spirits, florals, citrus and other
funky, tropical flavours. Take a healthy spin on celebration season, with a
refreshing matcha mocktail recipe from DoMatcha, for example. DoMatcha Yuzu Matcha
Mocktail Canned
mocktails, something you can easily bring to a party will continue to flourish
on the market. Google searches for mocktails hit a record high in January 2023,
jumping 217% compared to January 2022. Dealcoholized, premium wines will also
become attractive to the more bougie crowds. In addition, herbal-based
supplements that help with recovery time after a ‘wild night out’ continue to
show promising growth. According to Global Market Insights, the Hangover Cure category is
valued at around $1.9 billion with the potential to reach $6.8 billion by 2032. Wellness by
Design Imagine if
access to wellness amenities was right at your doorstep. We’ve all seen the
trend of more greenspaces being built into offices and apartment complexes, but
some real estate developers are taking it a step further and adding more
luxurious amenities that target wellness. We’re talking built-in spas, cold
plunge pools, rain showers, and better ventilation systems. No longer do you
need to traverse to a 5-star hotel to access these amenities. According to Zillow’s 2024 hottest home trends report, the presence of
at-home cold plunge pools on listings surged by 130% compared to the previous
year. Amenities once reserved for high-end spa establishments, may become more
accessible to renters and homeowners. With
increasing concern over air pollution, home prospectors will demand better
ventilation systems and air conditioning. The HVAC market is expected to grow by
$8.62 billion between 2023-2028. Care for
your Hair: Preventative Haircare The scalp is
the fastest aging part of the body, yet not as much focus has been given to the
important crown. Pandemic-induced hair loss prompted more people to look for
products that help vitalize the scalp and hair. The scalp health trend is
likely to persist into 2024, with products spanning four major categories:
scalp clarifying/cleansing solutions, bond technology, supplements, and
high-tech shower heads. Chemical
residue, hard water, and heavy metals can get trapped in the scalp, which can
cause hair to thin or shed faster. This is where clarifying shampoos come into
play, which contain ingredients that can draw out these impurities from the
scalp, allowing hair to grow out of the follicles faster and stronger. Japanese head spas are popping up all over the US,
which is a hair treatment that prioritizes the scalp, often including deep
scalp analysis, intensive cleansing routine, and head massage, followed by
nourishing scalp oils. Heat and
chemical hair damage is exacerbated by services like bleaching, hair dying, and
chemical straightening. Bond technologies, pioneered by Olaplex, restore damaged hair by repairing
broken polypeptide chains within the strand. While this has traditionally been reserved by
professional hair salons, more bond technologies are bound to hit drug stores
and are already in makeup retailers like Sephora, making it an accessible
choice for people who suffer from frizzy, thinning, and damaged hair. Our hair
follicles decrease in size as we age, resulting in hair with less density and
more proneness to breakage. This is why it’s common for people to experience dryer
and brittle hair with age and graying due to pigment loss. Hair supplements,
like gummies, are nothing new – but we may see more advancements in the
procurement of hair supplements aimed at maintaining the pigment of the
strands. High-tech
shower heads are another trend to watch, with several companies emerging on the
market. These shower heads filter out things like heavy metals and chemicals
from your tap water, which over time can compromise your hair stands. Smell your
way to… Happiness Nellie's Dishwasher Nuggets Most people
have used home fresheners and scents, like wick candles or Febreeze. But the
trend nowadays is moving more towards luxury home scent products, which are
meant to invoke certain emotions or states like calmness, energy, and even
happiness. Think lavender and bergamot for calmness and citrus for energy. There’s
also an increased desirability for clean home products comprised of natural
ingredients. Home scents are no longer limited to candles and diffusers and
moving on to laundry sheets and cleaning products. With increased time spent at
home during the pandemic years, there’s more desire to make daily chores an act
of self-care, through diffusing amazing scents into our every day. According to
this 2023 report, the global home fragrance market
could reach $19.4 billion by 2030, rising at a compound annual growth rate of
8.6%. Several neuroscientists who specialize in scent psychology,
have nodded towards the idea that fragrance has the power to trigger emotions
and positively affect our moods. Especially, when those scents are tied to a
specific memory. Goodbye Restrictive Eating, Hello Snacks (aka #Girl Dinners) Roasted Hemp Almond Butter from GluteNull Niche diets
like keto and veganism will take more of a backseat this year, as consumers
take a more celebratory approach to food. This might mean an emphasis on simple
flavors and comfort, or unique ethnic foods that draw on a rich cultural
history. One of Well+ Good’s trend predictions is the comeback of nixtamalized corn, an ancient processing method where
the corn is soaked in an alkaline solution for half a day, before being ground
into corn flour for tortillas and chips. This process not only draws on the
rich Mexican culinary tradition but unlocks the full nutrient capacity of corn,
which is often lost without nixtamalization. Several companies have already
started to make headway on the market including Tia Lupita Foods which makes ready-to-tortillas with
a mix of cactus and nixtamalized corn. The brand closed a $2.6 million seed
round in October 2023, being entirely raised by Mexican investors. The global nixtamalized market is poised to reach $5.3 million over
the next decade. Gen Zs
report different eating habits than their predecessors, more likely snacking on charcuterie, a smoked salmon
tartine, or cereal throughout the day as opposed to full meals, hence the trend
#girldinner. Ypulse magazine stated that “Young people
are redefining wellness to be more inclusive of their imperfect lifestyles.” Ketchum Food Consultancy predicts that young people will be
prioritizing food products that help them feel “happy, relaxed, healthy and
confident above all else in 2024.” This is due to research that suggests that
Gen Zs are more preoccupied with food than other generations, and more likely
to experience feelings like anxiety, guilt, and overwhelm. The research also
points out that 61% of Gen Z consumers believe they need to eat a certain way
to communicate their identity and beliefs, which can cause further anxiety. “Gen Z snack
aesthetics are more about permissible indulgence. That is, indulging in
something that tastes good and feels good without an overwhelming sense of
guilt,” says Andrea Hernandez, writer of Snaxshot. Considering
Gen Zs hold 40% of the buying power in the US, and with food being the number one
spending category, it would be remiss for brands not to find ways to connect
with them, whether that be through social media, branding or messaging.
In
conclusion, the wellness landscape for 2024 is diverse, dynamic, and deeply
rooted in the evolving needs and preferences of consumers. From self-care routines
to wellness-infused home designs, the trends forecast a holistic approach to
well-being that goes beyond the physical, encompassing mental and emotional
aspects. As the industry continues to expand, adaptability and inclusivity will
be key factors in shaping the future of wellness.
At Ecotrend,
we’re optimistic about the future of wellness and glad we’re able to play an
integral part in shaping the buying ecosystem while bringing ethical and
environmental choices to the end consumer.
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