Press release
Weight Loss Products Market to Reach $461 Billion by 2028, Driven by Health Awareness and Social Media Trends
Weight Loss Products Market Report
The weight loss products and services market size is expected to see strong growth in the next few years. It will grow to $461 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to personalized nutrition, home fitness trends, corporate wellness programs, genetic testing for weight management, regulatory support and guidelines, focus on mental health. Major trends in the forecast period include digitalization of weight management, fitness tech integration, dna-based weight management solutions, cultural sensitivity and inclusivity, regulatory scrutiny and transparency.
Market Overview -
Weight loss products and services refer to the products that assist in a person's total body weight reduction by losing muscle, water, and fat. A weight loss service will provide tips on maintaining a healthy weight over the long term and help you lose weight gradually and securely. Weight loss products and services are used by consumers facing the issues of excess body weight and obesity to get into better shape.
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Growing Ageing Population Is Shaping The Future Of The Weight Loss Industry
The rising ageing population is expected to propel the weight loss products and services market. The ageing population refers to an increase in the proportion of elderly people due to changes in the age structure of a population. Weight loss products and services help the ageing population who are obese and have a high prevalence of being overweight due to age-related changes in body composition, characterized by a gradual increase in fat content and a decline in lean mass and bone density. For instance, in October 2022, according to the World Health Organization, a US-based specialized health agency, globally, 1 in 6 people will be 60 or older by 2030, and there will be a double amount of individuals in this age group (2.1 billion) by 2050. Additionally, for instance, in June 2021, according to the UK Parliament's House of Commons Library, a UK-based information resource, by 2043, there will be a rise in the senior population in the UK, which will make up 24% of the total population (17.4 million people). Therefore, the rise in the ageing population is driving the growth of the weight loss products and services market.
Competitive Landscape -
Major companies operating in the weight loss products and services market report are Abbott Laboratories, Baxter Weight Loss, Fitbit Inc., GlaxoSmithKline plc, Boehringer Ingelheim International GmbH, BASF SE, Fresenius Kabi AG, Glanbia plc, MuscleBlaze, Gold's Gym International Inc., Hammer Nutrition Direct, Jarrow Formulas Inc., Lallemand Inc, Apollo Endosurgery Inc., WW Health Solutions, Nutrisystem, Jenny Craig Inc., Slimming World, Atkins Nutritionals Inc., Medifast Inc., VLCC Healthcare Ltd., Curves International Inc., LA Fitness International LLC, 24 Hour Fitness Worldwide Inc., Life Time Fitness Inc., Anytime Fitness LLC, Equinox Holdings Inc., Crunch Fitness, Orangetheory Fitness, Noom Inc.
Shaking Up Weight Loss The Impact Of Innovative Technology In Fitness Products
New technology and development are a key trend in the weight loss products and services market. Major players in the market for weight loss products and services market are utilizing cutting-edge technology to maintain their market share. For instance, in February 2021, Performance Health Systems, a US company operating in weight loss products and 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 fitness objectives and lose weight more quickly and efficiently than with only traditional training.
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Key Segments -
The weight loss products and services market covered in this report is segmented -
1) By Products: Food, Beverage, Supplements, Other Weight Loss Products
2) By Services: Fitness Centers, Slimming Centers, Consultation Services, Other Services, Fat Replacers
3) By Sales Channel: Supermarkets And Hypermarkets, Convenience Stores, Retail Pharmacies, E-Commerce
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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