Press release
Escalating Global Market for Weight Loss Products and Services Expected to Reach $513.94 billion in 2029 with a CAGR of 9.7%
What Is The Projected Market Size Of The Weight Loss Products And Services Global Market And Its Growth Rate?
The weight loss products and services market has shown significant growth in recent years, with key statistics as follows:
• 2024 Market Size: $327.11 billion
• 2025 Market Size: $354.32 billion (CAGR: 8.3%)
• 2029 Projected Market Size: $513.94 billion (CAGR: 9.7%)
The market's growth is attributable 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, and government initiatives.
What Is Driving The Growth In The Weight Loss Products And Services Global Market?
The increasing aging population significantly drives the market for weight loss products and services. With age-related changes in body composition, such as gradual increase in fat content and decline in lean mass and bone density, the demand for weight loss products and services amongst the aging population rises. According to the World Health Organization, globally, 1 in 6 people will be 60 or older by 2030, nearly double the current number. Thus, the rising aging population is expected to propel the growth of the weight loss products and services market.
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Who Are the Key Players Driving Weight Loss Products And Services Global Market Growth?
Key market players include:
• Abbott Laboratories
• Fitbit Inc.
• GlaxoSmithKline PLC
• Boehringer Ingelheim International GmbH
• Fresenius Kabi AG
• Glanbia PLC
• MuscleBlaze
• Gold's Gym International Inc.
• Hammer Nutrition Direct
What Are The Key Trends In The Weight Loss Products And Services Global Market?
Major trends influencing the market growth include:
• Personalized nutrition
• Home fitness trends
• Corporate wellness programs
• Genetic testing for weight management
• Regulatory support and guidelines
• Focus on mental health
• Digitalization of weight management
• Fitness tech integration
• DNA-based weight management solutions
• Cultural sensitivity and inclusivity
• Regulatory scrutiny and transparency
What Are The Segments Of The Global Weight Loss Products And Services Global Market?
The market is segmented as:
• By Products: Food, Beverage, Supplements, Other Weight Loss Products
• By Services: Fitness Centers, Slimming Centers, Consultation Services, Other Services, Fat Replacers
• By Sales Channel: Supermarkets And Hypermarkets, Convenience Stores, Retail Pharmacies, E-Commerce
Which Region Leads The Weight Loss Products And Services Global Market Report?
In 2024, North America was the largest region in the weight loss products and services market. However, Asia-Pacific is projected to be the fastest-growing region during the forecast period. Other regions covered in the market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Weight Loss Products And Services Global Market Report?
- Market Size Analysis: Analyze the Weight Loss Products And Services Global Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Weight Loss Products And Services Global Market Report for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Weight Loss Products And Services Global Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Weight Loss Products And Services Global Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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