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Weight Loss Products And Services Market Competitor Analysis, Trends, Insights, and Market Report 2024-2033
Weight Loss Products And Services Market
Weight Loss Products And Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $461 billion In 2028 At A CAGR Of 9.1% :
The weight loss products and services market size has grown strongly in recent years. It will grow from $298.99 billion in 2023 to $325.02 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increasing obesity rates, growing health awareness, fitness and wellness trends, social media influence, medical conditions and comorbidities, dietary trends and preferences, accessibility of information, government initiatives.
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.
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Weight Loss Products And Services Market Major 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 Driver - 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.
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Prominent Trend - 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.
Weight Loss Products And Services Market Players
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.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the weight loss products and services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the weight loss products and services market report during the forecast period. The regions covered in the weight loss products and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Weight Loss Products And Services Market Report Structure
3. Weight Loss Products And Services Market Trends And Strategies
4. Weight Loss Products And Services Market - Macro Economic Scenario
5. Weight Loss Products And Services Market Size And Growth
…..
27. Weight Loss Products And Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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