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Weight Management Global Market Report 2024 - By Share, Size, Trends, Drivers, Outlook By 2033
Weight Management Market
The weight management market size is expected to see strong growth in the next few years. It will grow to $545.07 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to global focus on healthy living, digital health and wellness platforms, shift towards plant-based diets, wellness tourism and retreats, aging population and health concerns. Major trends in the forecast period include incorporation of gut health solutions, e-commerce dominance in product distribution, health and wellness tourism, emphasis on sleep quality, integration of AI and data analytics.
Market Overview -
Weight management refers to a set of practices and behaviors required to keep weight at a healthy level. It involves a long-term strategy that promotes healthy eating and requires daily physical activity. Weight management is used in achieving a healthy weight and controlling cholesterol, blood pressure, and blood sugar, as well as preventing weight-related diseases.
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Obesity's Impact On The Growing Weight Management Market
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.
Competitive Landscape -
Major companies operating in the weight management market report are Nestlé S.A., Johnson & Johnson Inc., Abbott Laboratories, Medtronic plc, The Kellogg Company, Brunswick Corporation, Glanbia plc, Herbalife Nutrition Ltd., Ethicon Inc., Amer Sports Oyj, Medifast Inc., The Simply Good Foods Company, WW International Inc., Technogym S.p.A., Nutrisystem Inc., Gold's Gym International Inc., Jenny Craig Inc., Iovate Health Sciences International Inc., Central Sports Co Ltd., Life Extension Foundation Buyers Club Inc., Core Health & Fitness LLC, P.R.I.M.E. Nutrition Corporation, Premier Nutrition Company LLC, Apollo Endosurgery Inc., Ultimate Nutrition Inc., Atkins Nutritionals Inc., eDiets.com Inc., Woodbolt Distribution LLC
Exploring Product Trends In The Evolving Weight Management Market
Product innovations are a key trend gaining popularity in the weight management market. Companies operating in weight management are developing new products to strengthen their position in the market. For instance, in February 2022, Zeonutra, an Indian-based company manufacturing weight management products, launched a slim plus product. This product is totally organic with unique organic vegan nutritional supplements that contain slimbiome. This can be used by vegan consumers and is helpful in the reduction of weight with natural supplements.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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