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Weight Loss and Diet Management Global Market Rising Trends, Industry Size, Share Report, Growing Demand and Business Opportunities And Forecast 2024-2033
Weight Loss and Diet Management Global Market
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According to The Business Research Company's, The weight loss and diet management market size has grown strongly in recent years. It will grow from $27.76 billion in 2023 to $29.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increasing health awareness, rise in sedentary lifestyles, prevalence of lifestyle diseases, nutritional education programs, government initiatives for public health, convenience in weight loss solutions.
The weight loss and diet management market size is expected to see strong growth in the next few years. It will grow to $39.39 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to rising demand for vegan and vegetarian diets, telehealth adoption, focus on sustainable and long-term solutions, innovations in meal replacement products, genetic testing for personalized nutrition, online health communities. Major trends in the forecast period include digitalization of weight loss programs, personalized nutrition and diets, ai and machine learning in diet planning, virtual coaching and telehealth, integration of health apps with wearables, social media influence on diet trends.
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Market Drivers and Trends:
The increasing prevalence of obesity is expected to propel the growth of the weight loss and diet management market going forward. Obesity is a medical condition characterized by the excessive accumulation of body fat to the extent which may hurt an individual's health. Weight loss and diet management are essential tools for managing and reducing obesity, improving health, and enhancing the overall well-being of individuals who are overweight or obese. For instance, in May 2023, according to the Government Digital Service, a UK-based government body, in England, it was projected that 25.9% of individuals (18 years and older) would be obese in 2021-2022 which was increased by 25.2%. Therefore, the increasing prevalence of obesity is driving the growth of the weight loss and diet management market .
Technological advancements are a key trend gaining popularity in the weight loss and diet management market. Major companies operating in the market are developing advanced technologies to sustain their position in the market. For instance, in February 2021, Performance Health Systems, a US-based technology provider for weight loss and weight management solutions, launched the Personal Power Plate with its whole-body vibration technology. The unique features of the new technology is that it delivers faster and more effective results for all fitness levels, regardless of physical limitations. Also, Squats, planks, lunges, and other exercises can also be performed on the vibrating power plate to help achieve fitness goals and weight loss more quickly and efficiently than traditional training alone.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Weight Watchers International Inc., Nutrisystem Inc., Kellogg Company, Herbalife Ltd., Ediets.Com Inc., Apollo Endosurgery Inc., Medifast Inc., Ethicon Inc., Atkins Nutritionals Inc., General Mills Inc., Amer Sports Corp., Health Total, Fitelo, Pulse Nutri Science Private Limited, Brunswick Corp., Life Extension Foundation, Covidien plc, Jenny Craig Inc., Slimming World Ltd., Herbal Magic LLC, LA Weight Loss Inc., WeightNot LLC, Diet Center Group, Physicians Weight Loss Inc., Lindora LLC, Quick Weight Loss Centers LLC, The Camp Transformation Center, The Biggest Loser Resort, Noom Inc., MyFitnessPal LLC, The Beachbody Company Inc., FitNow Inc.
Weight Loss and Diet Management Market 2024 Key Insights:
• The weight loss and diet management market size is expected to see strong growth in the next few years. It will grow to $39.39 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
• Rising Bariatric Surgery Rates Fueling Growth In The Weight Loss And Diet Management Market
• Revolutionizing Weight Loss And Diet Management With Cutting-Edge Technologies
• North America was the largest region in the weight loss and diet management market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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