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Personal Development Market Trends

Report ID: GMI6647
Published Date: Sep 2023
Report Format: PDF

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Personal Development Market Trends

Higher rates of mental illness are accelerating the need for the personal development industry by increasing the demand for resources that promote mental health and well-being. As mental health issues become more prevalent, individuals are seeking personal development tools such as stress management programs, self-help books on anxiety & depression, and mindfulness practices.

According to the National Alliance of Mental Illness, in 2021, 22.8% of the U.S. adults experienced mental illness, which adds up to 57.8 million people of the total population. This staggering figure of people suffering from mental illness drives growth in the market as people actively seek ways to improve their mental & emotional states. It thus fosters a greater awareness about the value of personal development in addressing mental health challenges.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of personal development reached USD 40.1 billion in 2022 and is set to witness 7% CAGR from 2023 to 2032, due to the growing awareness among individuals about the need for continuous personal growth worldwide.

The personal coaching/training instrument segment was valued at USD 14.96 billion revenue in 2022, on account of the growing adoption of financial coaching programs by global educational institutes.

North America held over 34% of the market share in 2022, owing to the increasing awareness about mental health and wellness in the region.

Dale Carnegie & Associates, Inc., Franklin Covey Co., Hay House Publishing, Omega Institute, Landmark Worldwide Enterprises Inc., and The Arbinger Institute, OpenSesame Inc. are some of the major personal development companies worldwide.