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Health & Fitness Stocks to Buy as the Wellness Trend Grows
ZACKSยท2025-06-27 13:01

Industry Overview - The health and fitness industry is experiencing significant growth, driven by increasing consumer interest in wellness, technology advancements, and rising concerns about obesity and mental health [2][3] - The global health and wellness market is projected to reach $11 trillion by 2034, with a compound annual growth rate (CAGR) of 5.4% from 2025 [4] Technology Integration - Technology, including wearable devices and digital platforms, is enhancing consumer engagement and health management [2][3] - Major tech companies like Apple and Amazon are entering the health space, with Apple offering real-time health data through its Apple Watch and Amazon acquiring One Medical to integrate AI with virtual care [3] Company Highlights Sprouts Farmers Market - Sprouts Farmers Market focuses on fresh, natural, and organic products, with its private-label brand accounting for 24% of sales [8] - The company operates over 440 stores across 24 states and is building its own distribution network to improve efficiency [8][9] - Online sales represent 15% of total sales, supported by partnerships with delivery services [9] - In 2024, 30% of total sales came from organic products, with plant-based offerings increasing by 27% [9] The Beachbody Company - The Beachbody Company offers a comprehensive health and fitness system, including digital workout programs and nutritional products [11] - The company shifted from a multi-level marketing model to a direct-to-consumer approach, reducing operating costs and improving customer access [11][12] - Plans for physical retail expansion include launching Shakeology products in late 2025 and new digital fitness programs [12] Hims & Hers Health - Hims & Hers Health provides a digital health platform covering various wellness needs, including mental health and weight management [13] - The company has launched weight loss programs and acquired an at-home lab testing provider to enhance its service offerings [14] - Hims & Hers serves nearly 2.4 million subscribers and focuses on preventative wellness through a technology-driven subscription model [15]