Press release
Weight Loss Services Global Market Market Insights Analysis, Outlook, Report, Trends, Forecast, Segmentation, Growth 2023 To 2032
Weight Loss Services market
The Business Research Company's Weight Loss Services Global Market Report 2023 identifies rising aging population as the major driver for the Weight Loss Services market's growth in the forecast period. The aging population refers to an increase in the proportion of elderly people due to changes in the age structure of a population. Weight loss services help the aging population who are obese and have a high prevalence of being overweight due to age-related changes in body composition, which include a progressive rise in fat mass and a reduction in lean mass and bone density. For instance, according to the United Nations Department of Economic and Social Affairs' September 2020 report, the population aged 65 and above is projected to rise from 9.3% in 2020 to around 16.0% in 2050.
The global weight loss services market is expected to grow from $14.46 billion in 2022 to $15.76 billion in 2023 at a compound annual growth rate (CAGR) of 9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The weight loss services market is expected to grow to $21.80 billion in 2027 at a CAGR of 8.4%.
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Major competitors in the Weight Loss Services market are Herbalife Nutrition Ltd., Kellogg Company, NutriSystem Inc., Nu Skin Enterprises, Atkins Nutritionals Inc., Brunswick Corporation, Gold's Gym International Inc., Jenny Craig Inc.
A key trend in the Weight Loss Services market includes Technological advancements. Major companies in the weight loss products and services market are using advanced technologies to sustain their position in the market. For instance, in February 2021, Performance Health Systems, a US-based company operating in weight loss services, launched the Personal Power Plate with its whole-body vibration technology. The unique features of the new technology are that it delivers faster and more effective results for all fitness levels, regardless of physical limitations. Additionally, squats, planks, lunges, and other exercises are performed on the vibrating power plate to help attain the fitness objectives more quickly and efficiently than with only traditional training.
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The Weight Loss Services market is segmented -
• By Service: Slimming Centers, Fitness centers, Consulting services, Weight loss programs
• By Equipment: Fitness equipments, Surgical equipments
• By Diet: Meal, Beverages
• By Medications: Drugs, Supplements
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Weight Loss Services market.
The Business Research Company's "Global Weight Loss Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Weight Loss Services Market Include:
1. Executive Summary
2. Weight Loss Services Market Characteristics
3. Weight Loss Services Market Trends And Strategies
4. Weight Loss Services Market - Macro Economic Scenario
5. Weight Loss Services Market Size And Growth
...............................
26. Africa Weight Loss Services Market
27. Weight Loss Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Weight Loss Services Market
29. Weight Loss Services Market Future Outlook and Potential Analysis
30. Appendix
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