The Weight Management Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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The Weight Management Global Market Report 2024 by The Business Research Company highlights substantial growth in the weight management sector. Projected figures indicate an increase from $349.46 billion in 2024 to $384.06 billion in the same year, boasting a compound annual growth rate (CAGR) of 9.9%. This growth stems from various factors, including rising obesity rates, heightened health consciousness, evolving lifestyles, prevalent medical conditions, and the surge in fitness and wellness trends.
Anticipating continued expansion, the market is poised to reach $545.07 billion by 2028, with a CAGR of 9.1%. This growth trajectory is propelled by a global emphasis on healthy living, the proliferation of digital health platforms, a shift towards plant-based diets, the rise of wellness tourism, an aging population, and heightened health awareness.
The increasing obesity is expected to boost the growth of the weight management market going forward. Obesity is a medical condition characterized by an excessive accumulation of body fat, to the extent that it may have adverse effects on health. The rising incidence of obesity propels the weight management market, driven by individuals seeking solutions to address health risks associated with excess weight, fostering a growing demand for products and services that promote weight control and healthier lifestyles. For instance, in May 2022, according to the World Obesity Atlas 2022, published by World Obesity Federation, a UK-based non-profit organization, one billion people globally, including 1 in 5 women and 1 in 7 men, will be living with obesity by 2030 and it will be increased to 4 billion people or 51% of the global population, will be living either overweight or obese by 2035. Therefore, the growing obesity is driving the growth of the weight management market.
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The weight management market covered in this report is segmented –
1) By Diet: Functional Beverages, Functional Food, Dietary Supplements
2) By Equipment: Fitness, Surgical
3) By Services: Health Clubs, Consultation Services, Online Weight Loss Services
Noteworthy trends in the forecast period include the integration of gut health solutions, the dominance of e-commerce in product distribution, the burgeoning health and wellness tourism sector, a renewed focus on sleep quality, and the integration of AI and data analytics.
To meet evolving consumer needs, major players in the weight management sector are prioritizing collaboration and partnerships. Strategic alliances, exemplified by Hello Alpha and Trestle Tree's partnership in December 2024, facilitate a comprehensive approach to weight management by amalgamating medical care with behavioral support. Such partnerships underscore the industry's commitment to offering holistic solutions for customers, ensuring sustainable and effective weight management practices.
The weight management market report table of contents includes:
1. Executive Summary
2. Weight Management Market Characteristics
3. Weight Management Market Trends And Strategies
4. Weight Management Market - Macro Economic Scenario
5. Global Weight Management Market Size and Growth
......
32. Global Weight Management Market Competitive Benchmarking
33. Global Weight Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Weight Management Market
35. Weight Management Market Future Outlook and Potential Analysis
36. Appendix
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According to market research report Weight Loss Management Market to grow from USD 175.94 billion in 2017 to USD 245.51 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period.The growth of this market is majorly attributed to the growing rate of obesity, increasing prevalence of lifestyle diseases, and increasing number of bariatric surgeries.Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=1152The fitness equipment segment is projected to grow at the highest CAGR during the forecast period.By equipment, the weight loss management market is segmented into fitness equipment and surgical equipment.
The fitness equipment segment is estimated to register the highest growth rate during the forecast period.
The high growth in this segment can primarily be attributed to the continuous technological advancements in fitness equipment and growing accessibility to gyms.Beverages segment to dominate the market in 2017Based on diet, the weight loss and weight management market is segmented into meals, beverages, and supplements.
In 2017, the beverages segment is expected to account for the largest share of the weight loss and weight management market.
Growth in this segment is majorly driven by the growing diabetic population across the globe.The Weight Loss Management Market is highly competitive, with the presence of several small and large players.
Some of the players operating in this market include Atkins Nutritionals (US), Herbalife (US), Nutrisystem (US), Ethicon (US), Covidien (US), Slimming World (UK), The Gold’s Gym (US), Duke Diet & Fitness Center (US), Apollo Endosurgery (US), Brunswick (US), Amer Sports (Finland), Johnson Health Technology (Taiwan), Technogym (Italy), Weight Watchers (US), Jenny Craig (US), eDiets.com (US), VLCC Healthcare (India), Equinox (US), Life Time Fitness (US), Fitness First Group (US), and Town Sports (US).Get Data as per your Format and Definition | REQUEST FOR CUSTOMIZATION: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1152 North America to dominate the weight loss and weight management marketIn 2017, North America is expected to dominate the global weight loss management market primarily due to factors such as the increasing incidence of obesity and chronic diseases, rising awareness about nutrition and healthy lifestyles, and growing number of fitness centers in the region.
