Press release
Global Weight Loss And Weight Management Diet Market Size To Grow At A CAGR Of 8.50% In The Forecast Period Of 2023-2028
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
Weight Loss and Weight Management Diet Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 175.44 billion
• Forecast CAGR (2023-2028): 8.50%
• Forecast Market Size (2028): USD 282.53 billion
The increasing inclination towards health and fitness, owing to the growing prevalence of obesity, is driving the market for weight loss and weight management diets. According to the World Health Organisation (WHO), obesity has reached epidemic levels globally, which is leading to a heightened cases of heart disease, diabetes mellitus, stroke, and several types of cancer.
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Increasing footfall in fitness centres is a key driving factor of the weight loss and weight management diet market. This can be attributed to the increasing popularity of muscular physiques among the young population. Also, enhanced body management boosts productivity at work. Healthy breakfast, moderate lunch, and intake of heathy beverages have been witnessing a high demand. Moreover, the market is being propelled by increasing consciousness among parents to improve the physical development of their teenage children.
Rising number of subscribers to online weight loss services, attributable to the increasing adoption of smartphones, tablets, and personal laptops, are increasing awareness about weight loss and weight management diets. Increasing number of dieticians and specialists providing quality assessments of physical health as well as knowledge about metabolism, is further fuelling the global weight loss and weight management diet market.
Weight Loss and Weight Management Diet Industry Definition and Major Segments
Weight loss and weight management diet is defined as a type of diet which enables the user to either lose weight to reach a healthy weight, or maintain a healthy weight so that the person can perform optimal physical functions. This diet can include weight loss supplements, meal replacements, and special low-calorie sweeteners, among other products.
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Based on product type, the market is segmented into:
• Meal Replacement
• Weight Loss Supplement
• Beverages
• Low-Calorie Sweetener
• Others
By services, the market is segmented into:
• Fitness Centres
• Sliming Centres
• Consultation Services
• Online Weight Loss Services
On the basis of distribution channels, the market is divided into:
• Hypermarkets and Supermarkets
• Specialty Stores
• Pharmacies
• Online
• Others
Based on region, the market is categorised into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Weight Loss and Weight Management Diet Market Trends
The key trends in the global weight loss and weight management diet market include the growing research and development activities by businesses and food manufacturing companies aimed towards producing high-quality food and beverage products with enhanced formulations and ingredients. In addition, weight management beverages and smoothies with innovative flavours such as blueberry, vanilla, and chocolate, among others are gaining rapid popularity among the young population.
The thriving e-commerce sector across the world is leading to a higher sale of premium packaged weight management food and beverage products. For instance, clean-labelled oatmeal, fruit box, protein smoothies, shakes, and meal boxes, among others are fast moving products. In addition, the increasing sales of books and guides for better weight management are witnessing a heightened demand leading to a greater growth of the weight loss and weight management diet market.
Rising investments towards the development of supermarkets and hypermarkets across the emerging economies are escalating the accessibility of weight loss and weight management food products. Moreover, increasing disposable income, rapid urbanisation, growing awareness of the dangers of obesity, and rising number of women workers across public and private sectors are increasing the spending on personal health and fitness.
In regional terms, North America accounts for a significant share in the weight loss and weight management diet market. The vast prevalence of obesity in countries like the United States, promotions of various weight loss and weight management products, and preference for ready-made products to aid in weight management are contributing to the regional market growth.
Key Market Players
The major players in the global weight loss and weight management diet market report are
Abbott Laboratories
Cargill Inc.
General Mills Inc.
Ingredion Inc.
Kellogg Co.
Medifast Inc.
Nutrisystem Inc.
The Kraft Heinz Company
WW International, Inc.
PepsiCo, Inc.
Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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