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Weight Loss Management Market is expected to grow at a CAGR of 7.01% during the forecasted period | Evolve Business Intelligence

11-29-2023 01:40 PM CET | Health & Medicine

Press release from: Evolve Business Intelligence

Weight Loss Management Market is expected to grow at a CAGR

As per the study initiated by Evolve Business Intelligence, The global Weight Loss Management market size is expected to reach $241.22 Billion in 2023 growing at a CAGR of 7.01% from 2023 to 2033. Weight loss management refers to the systematic approach and set of strategies aimed at achieving and maintaining a healthy body weight through lifestyle changes, dietary modifications, and physical activity. It involves the adoption of practices that promote the gradual and sustainable reduction of body weight, typically to improve overall health and well-being. Effective weight loss management may include elements such as balanced nutrition, portion control, regular exercise, behavioral modifications, and, in some cases, medical interventions. The emphasis is often on creating a long-term, sustainable plan that addresses both the physical and psychological aspects of weight management, fostering healthy habits for maintaining a desirable weight over time.

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The Weight Loss Management market is primarily driven by the increasing global prevalence of obesity and related health concerns, prompting a growing demand for effective weight management solutions. Additionally, rising awareness about the importance of a healthy lifestyle, coupled with advancements in personalized nutrition and fitness technologies, contributes to the expansion of the weight loss management market.

Key Players
Some of the major Weight Loss Management Market players holding high market shares include THE KRAFT HEINZ COMPANY, CARGILL, INCORPORATED, KELLOGG COMPANY, INGREDION INCORPORATED, WW INTERNATIONAL, INC. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include NUTRISYSTEM, INC., MEDIFAST, INC., ABBOTT LABORATORIES, PEPSICO, INC., GENERAL MILLS, INC.

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Segmental Analysis
Based on the Product Type, the Weight Loss Management market is segmented into Meal replacement, Weight loss supplements, Green tea, and Low-calorie sweeteners. The dominance of the Meal Replacement segment in the Weight Loss Management market is attributed to its convenience, portion control, and nutritional precision, offering consumers an effective and accessible solution for calorie management and weight loss.

Based on the Sales Channel, the Weight Loss Management market is segmented into Hypermarket/Supermarkets, Specialty Stores, Pharmacies, Online Channels, and Others. The Hypermarket/Supermarket segment dominance in the Weight Loss Management market is attributed to the widespread availability and diverse range of weight loss products, supplements, and healthy food options, providing consumers with convenient access to comprehensive solutions for managing their weight.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

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