It's a big industry According to the GWI study, the fastest growing and highest revenue sectors of the expansive wellness industry include the following:
- Personal Care, Beauty, & Anti-Aging: $1.1T.
- Physical Activity: $828B.
- Healthy Eating, Nutrition, & Weight Loss: $702B.
- Wellness Tourism: $639B.
.Launch of Nutraceutical Division:
As part of the total addressable market expansion, the Company’s board has today approved the launch of a nutraceutical division in fiscal year 2021 headed by Faraaz Jamal, the Company's Chief Operating Officer. Mr. Jamal was previously responsible for the strategic reorientation of Bulletproof 360 Inc., a health and wellness trailblazer where he was able to guide development and rapidly scale multiple channels and product categories to successful revenues.