Weight Management Market Growth & Trends
The global weight management market size is expected to reach USD 298.6 billion by 2030, registering a CAGR of 9.7% over the forecast period, according to a new report by Grand View Research, Inc. The rising volumes of bariatric surgeries, rapid adoption of online weight loss & management programs, growth in disposable income levels in developing countries, government initiatives spreading awareness about the importance of weight management, and growing cases of obesity due to sedentary lifestyles are some of the major factors that are driving the market growth. For instance, as per the data from the Institute of Health Metrics and Evaluation, about 30.0% of the world’s population is either obese or overweight.
The developed countries and the lower & middle-income countries are expected to face huge challenges due to obesity as the obese population may have a higher penetration of chronic diseases, which might include diabetes, hypertension, and orthopedic diseases. Due to unhealthy eating habits and a lack of physical activities, cases of childhood obesity have increased in the past few years. Such children have a higher chance of suffering from chronic diseases in their adulthood. According to the report of Narayana Health, India reported about 14.4 million cases of obesity among children, which is the second-highest number of obese children across the globe.
A surge in the percentage of childhood obesity is due to an increasing number of hours in front of televisions and computers and decreasing number of active hours. The COVID-19 pandemic did affect the market negatively for a short period as there was a decline in the sales of weight management products and services as consumers were focusing on the purchase of essential goods. Furthermore, lockdown in several regions led to the temporary closure of gyms, fitness centers, health clubs, and sports institutes, which further negatively impacted the market. However, the growing awareness about healthy lifestyles and rising online sales pushed the market growth.
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Weight Management Market Report Highlights
- The diet function segment held the largest market share in 2021 as diets contain the right amount of proteins, fibers, and a lesser amount of carbohydrates and are considered an effective weight management method
- The growing popularity of customized and personalized diet plans as per the patient’s physiological conditions is further driving the meals segment
- Asia holds the highest share in the market. The market growth in this region can be attributed to the growing obese population and the increasing incidence of hypertension and diabetes
- Furthermore, a paradigm shift toward minimally invasive and non-invasive procedures is fueling the market growth
- The rising awareness about available alternatives for weight loss & management and the increasing popularity of diet plans & fitness centers are some of the key factors responsible for the market growth
- Asia Pacific dominated the global market in 2021 owing to the growing overweight & obese population and the increasing incidence of hypertension and diabetes
Access Press Release@ https://www.grandviewresearch.com/press-release/global-weight-management-market
Weight Management Market Segmentation
Grand View Research, Inc. has segmented the global weight management market on the basis of function and region:
Weight Management Function Outlook (Revenue, USD Million, 2016 - 2030)
- Diet
- Meals
- Beverages
- Supplements
- Proteins
- Fibers
- Green tea extract
- Conjugate linoleic acid
- Green coffee
- L-carnitine
- Fitness equipment
- Cardiovascular training equipment
- Treadmills
- Elliptical trainers
- Stationary cycles
- Rowing machines
- Stair steppers
- Other cardiovascular training equipment
- Strength training equipment
- Single station equipment
- Plate loaded equipment
- Benches and racks
- Multistation equipment
- Free weights
- Accessories
- Minimal invasive surgical equipment
- Gastric bypass equipment
- Laparoscopic sleeve gastrectomy equipment
- Laparoscopic adjustable gastric banding systems
- Biliopancreatic diversion surgery/duodenal switch equipment
- Revision surgery equipment
- Noninvasive surgical equipment
- Intragastric balloon systems
- Endobarrier
- Endosuturing devices
- Stomaphyx
- Others
- Cardiovascular training equipment
- Services
- Fitness centers
- Sliming centers
- Consultation services
- Online weight loss service
Weight Management Regional Outlook (Revenue, USD Million, 2016 - 2030)
- North America
- US.
- Canada
- Europe
- UK.
- Germany
- Spain
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Taiwan
- Singapore
- New Zealand
- Hong Kong
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
List of Key Players of Weight Management Market
- Herbalife International, Inc.
- NutriSystem, Inc.
- Weight Watchers International, Inc.
- com
- Brunswick Corp.
- Life Extension
- Ethicon US, LLC: Ethicon Endo-surgery, Inc.
- Apollo Endosurgery Inc.
- Kellogg Company
- Technogym
- Atkins Nutritionals, Inc
- Covidien
- Jenny Craig, Inc.
- Gold’s Gym International, Inc.
- Nu Skin Enterprises
- Now Health Group, Inc.
- Vitaco Health Limited
- Cargill, Inc.
- Nutrisystem, Inc.
- Amer Sports
- Johnson Health Tech
- Amway
- GNC Holdings, Inc.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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