Weight Loss and Diet Management Market Poised to reach USD 2786 Million by 2023 | Major Market Key Players are Kellogg Company, Atkins Nutritionals, Herbalife, NutriSystem, Johnson Health Technology, Ethicon, Weight Watchers International, eDiets, Olympus

Weight Loss and Diet Management Market Overview:

Maintaining weight at a healthy level can be challenging for some people owing to complex genetic system of the body. Medical condition, lifestyle, and diet, among others are some of the factors that may contribute to weight gain in people. As per World Health Organization, the obese population has doubled since 1980. In 2014, approximately 13% of the world’s population, that is, more than 600 million adults were obese. Additionally, obesity is linked to a greater number of deaths worldwide than underweight. However, obesity is preventable and changes in diet coupled with fitness/physical activities can help in cutting down extra fat. Severe obesity can be treated through weight loss surgery (Gastric Bypass Surgery and Laparoscopic Sleeve Gastrectomy).

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Weight Loss and Diet Management Market Growth is majorly driven by factors such as increasing obese population, promotional strategies of companies, rise in disposable income, affordable cost of surgeries, and increase in diabetic population. Furthermore, increasing health and wellness concern among people is also fueling up the demand for Weight Loss & Diet Management Market. Also, child obesity has increased manifold over the years, spiking up the demand for the product in the market. According to Childhood Obesity Foundation, 42 million infants and young children were obese or overweight in 2018 and is anticipated that the number of obese children may alarmingly rise to 70 million by 2025. The key restraints of the market are expensive low-calorie food & beverages, misleading promotional strategies, adverse effects of weight-loss supplements (liver damage), and side-effects of weight-loss surgery (dizziness, nausea, bowel obstruction, and diarrhea).

Global Weight Loss and Diet Management Market Forecast Report (2018-2023):

Global Weight Loss and Diet Management Market are projected to reach USD 2786 Million by 2023 from USD 1948 Million in 2018, growing at a CAGR of 7.42% during the forecast period, 2018–2023.

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Weight Loss and Diet Management Segmentation:

The global Weight Loss & Diet Management Market is segmented based on Diet, Equipment, and Services. Based on Diet, the market is classified into Food & Beverages (Organic Food, Low-Calorie Sweeteners, Low-Calorie Beverages & Diet Soft Drinks, Herbal Tea & Green Tea, and Others), Diet Supplements (Proteins & Fibers, Conjugated Linoleic Acid, and Others). Based on Equipment, the market is classified into Fitness Training Equipment (Treadmills, Benches and Racks, Fitness Monitoring Equipment, Accessories, and Others) and Surgical Equipment. Surgical equipment is further classified into Minimally Invasive/Bariatric Surgical Equipment (Gastric Bypass Surgery and Laparoscopic Sleeve Gastrectomy) and Non-Invasive Surgical Equipment (Intragastric Balloon Systems, Endoscopic Suturing Equipment, and Others). Based on Services, the market is classified into Fitness Centers and Consulting Services.

The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Middle-East and Africa. North America is the leading region for Weight Loss & Diet Management Market followed by Europe.

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Major Players:

The major companies dominating the global Weight Loss & Diet Management Market are Kellogg Company (U.S.), Atkins Nutritionals, Inc. (U.S.), Herbalife Ltd. (U.S.), NutriSystem, Inc. (U.S.), Johnson Health Technology Co., Ltd. (Taiwan), Ethicon, Inc. (U.S.), Weight Watchers International, Inc. (U.S.), VLCC Healthcare Ltd. (India), eDiets.com (U.S.), Olympus Corporation (Japan).

The Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.

The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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