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Strong Growth Ahead: Weight Loss Products And Services Market Size To Grow At Arecord 9.7% Cagr By 2029
Weight Loss Products And Services
How Big Is the Weight Loss Products And Services Market Size Expected to Be by 2034?
The market size for weight loss products and services has seen a significant increase in recent times. The market is projected to escalate from $327.11 billion in 2024 to $354.32 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.3%. The former growth during the historic period can be attributed to factors such as rising obesity rates, heightened health consciousness, trends in fitness and wellness, influence of social media, medical conditions and associated diseases, dietary trends and choices, the easy availability of information, and government-driven initiatives.
In the coming years, the market size for weight loss products and services is projected to experience significant growth. The market is estimated to reach a value of $513.94 billion by 2029, with a compound annual growth rate (CAGR) of 9.7%. This growth trajectory during the forecast period can be credited to various factors, including personalized nutrition, home fitness popularity, corporate wellness initiatives, genetic testing designed for weight control, regulatory support and guidelines, as well as emphasis on mental health. Key trends anticipated during this period are the digital transformation of weight control, integration of fitness technology, DNA-guided weight management systems, consideration for cultural sensitivity and inclusivity, and greater regulatory oversight and transparency.
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What Are the Emerging Segments Within the Weight Loss Products And Services Market?
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
Subsegments:
1) By Food: Low-Calorie Snacks, Meal Replacement Bars, Diet Frozen Meals
2) By Beverage: Weight Loss Shakes, Detox Teas, Low-Calorie Drinks
3) By Supplements: Herbal Weight Loss Supplements, Protein Supplements, Fat Burners
4) By Other Weight Loss Products: Weight Loss Devices, Fitness Equipment, Weight Management Apps And Programs
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What Long-Term Drivers Are Shaping Weight Loss Products And Services Market Trends?
The escalating number of elder individuals in society is anticipated to spur on the market for weight loss products and services. Such an ageing population is defined as an upsurge in the percentage of older individuals caused by shifts in a population's age structure. Weight loss goods and services offer assistance to the older generation who grapple with obesity and are prone to being overweight due to alterations in bodily composition linked to aging. These changes involve a slow but steady increase in fat levels and a decrease in lean muscle and bone density. For instance, the World Health Organization, an American specialized health agency, stated in October 2022 that it is expected that by 2030, one in every six people worldwide will be 60 or over. By 2050, the number of individuals within this age bracket will have doubled to reach 2.1 billion. As such, the growth of the weight loss products and services market is being fuelled by the increase in the elderly population.
Who Are the Top Competitors in Key Weight Loss Products And Services Market Segments?
Major companies operating in the weight loss products and services market are Abbott Laboratories, Fitbit Inc., GlaxoSmithKline PLC, Boehringer Ingelheim International GmbH, Fresenius Kabi AG, Glanbia PLC, MuscleBlaze, Gold's Gym International Inc., Hammer Nutrition Direct, Jarrow Formulas 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.
What Weight Loss Products And Services Market Trends Are Gaining Traction Across Different Segments?
Advancements in technology and innovation are driving trends in the market for weight loss products and services. To keep their place in the market, major industry players are turning to advanced technology. For example, in July 2022, Herbalife Nutrition, a health and wellness organization based in the US, introduced the Fat Release. This product, packed with Litramine, a patented prickly pear-derived cactus fiber, was created to assist customers in achieving their weight loss and health objectives. The convenient stick packs can be consumed within two hours after eating fatty foods, providing an ideal solution for instances where access to healthy alternatives is scarce.
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Which Regions Are Becoming Hubs for Weight Loss Products And Services Market Innovation?
North America was the largest region in the weight loss products and services market in 2024. 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Weight Loss Products And Services Market?
2. What is the CAGR expected in the Weight Loss Products And Services Market?
3. What Are the Key Innovations Transforming the Weight Loss Products And Services Industry?
4. Which Region Is Leading the Weight Loss Products And Services Market?
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