The size of the Weight Loss & Diet Management Market in North America is expected to reach USD 1245.07 Million by 2027 from USD 873.75 Million in 2022, growing at a CAGR of 7.34% during the forecast period.
Dieting, exercise, and other medically prescribed weight loss programs were previously regarded as the final resort after dieting, exercise and other medically prescribed weight loss programs had failed. On the other hand, bariatric operations have become less painful for patients as a result of technical developments. As a result, the medical profession increasingly accepts these treatments as a viable and long-lasting alternative to traditional weight loss techniques.
Obesity and weight gain have long been a significant worry for people's health and fitness, resulting in the establishment of a business where people are becoming more health-conscious and constantly seeking fitness and improved healthcare.
The growing obese population, increasing number of bariatric surgeries, growing adoption of online weight loss and weight management programs, rise in disposable income in developing economies, sedentary lifestyle, and rising government initiatives for creating awareness among obese populations are primarily expected to drive the weight loss and diet management market in the North American region.
The demand for weight reduction and diet management products and services has risen as people's awareness of health and fitness increases. With an ever-increasing number of fitness centers and slimming centers, the market for products and services is rapidly rising. As a result, more consumers are becoming involved in living a better and healthier lifestyle.
Low-calorie meals and beverages are often more expensive than high-calorie foods and beverages due to the additional processing. A low-calorie product can also contain nutrients like vitamins and minerals, making it a nutrient-dense food. Most middle and low-income families turn to low-cost alternatives such as acupressure therapy, acupuncture therapy, and Ayurvedic treatments for weight management because high-priced diet foods and beverages, as well as onsite fitness programs, are out of reach.
Furthermore, consumers are increasingly turning to free or low-cost alternatives, such as natural weight loss methods such as jogging and brisk walks, as well as free-access online weight-loss regimens, programs, and publications, and workout videos. However, these customers provide little value to the weight loss and weight management market, and the growing popularity of low-cost/no-cost alternatives may limit the market's growth.
This research report on the North American weight loss and diet management market has been segmented and sub-segmented into the following categories:
By Diet:
By Equipment:
By Services:
By Country:
Geographically, North America dominated the global market in 2020 due to the extensive availability of weight management products and superior service industry participants across the region. In addition, obesity has been more prominent among general consumers in recent years, resulting in a significant increase in healthy foods and dietary supplements in the region. Future regional market expansion will most likely be driven by favorable government actions and funding, improved health membership services, and increased consumer awareness of fitness.
The United States emerged as the largest market for weight loss and diet management products and services in North America, accounting for more than one-third of global revenues. Meal replacement slimming products and weight reduction pills accounted for the majority of sales. Significant growth in the regional market can be linked to the overweight population's adoption of weight reduction and diet management goods and services, and high average consumer disposable incomes. In addition, the economies of the United States and Canada have made significant contributions to the industry's sales in this region. One of the essential reasons driving market expansion in the region has been recognized as desirable fitness, the constant desire to seem slender, and the increasing trend towards individuals embracing a healthy lifestyle.
KEY MARKET PLAYERS:
Companies playing a notable role in the North America weight loss and diet management market profiled in the report are Bayer HealthCare AG, Bioniche Animal Halth Canada, Sanofi Animal Health, Inc., Biogenesis Bago SA, Heska Corporation, Indian Immunologicals Ltd., Boehringer Ingelheim GmbH, Zoetis, Novartis Animal Health, Inc., Merck & Co. Inc. and Protein Sciences.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5.1 Diet
5.1.1 Food & Beverages
5.1.1.1 Organic Food
5.1.1.2 Low-Calorie Sweeteners
5.1.1.3 Low-Calorie Beverages & Diet Soft Drinks
5.1.1.4 Herbal Tea & Green Tea
5.1.1.5 Others
5.1.2 Diet Supplements
5.1.2.1 Proteins & Fibers
5.1.2.2 Conjugated Linoleic Acid
5.1.2.3 Others
5.1.3 Y-o-Y Growth Analysis, By Product
5.1.4 Market Attractiveness Analysis, By Product
5.1.5 Market Share Analysis, By Product
5.2 Equipment
5.2.1 Fitness Training Equipment
5.2.1.1 Treadmills
5.2.1.2 Benches and Racks
5.2.1.3 Fitness Monitoring Equipment
5.2.1.4 Accessories
5.2.1.5 Others
5.2.2 Surgical Equipment
5.2.2.1 Minimally Invasive/Bariatric Surgical Equipment
5.2.2.1.1 Gastric Bypass Surgery
5.2.2.1.2 Laparoscopic Sleeve Gastrectomy
5.2.2.2 Non-Invasive Surgical Equipment
5.2.2.2.1 Intragastric Balloon Systems
5.2.2.2.2 Endoscopic Suturing Equipment
5.2.3 Others
5.2.4 Y-o-Y Growth Analysis, By Type
5.2.5 Market Attractiveness Analysis, By Type
5.2.6 Market Share Analysis, By Type
5.3 Services
5.3.1 Fitness Centers
5.3.2 Consulting Services
5.3.3 Y-o-Y Growth Analysis, By Application
5.3.4 Market Attractiveness Analysis, By Application
5.3.5 Market Share Analysis, By Application
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Type
6.1.3.4 By Application
6.1.3.5 By Indication
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Type
6.1.4.4 By Application
6.1.4.5 By Indication
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Type
6.1.5.4 By Application
6.1.5.5 By Indication
6.2 United States
6.3 Canada
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Kellogg Company
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Atkins Nutritionals, Inc.
8.3 Herbalife Ltd.
8.4 NutriSystem, Inc.
8.5 Johnson Health Technology Co., Ltd.
8.6 Ethicon, Inc.
8.7 Weight Watchers International, Inc.
8.8 VLCC Healthcare Ltd.
8.9 eDiets.com
8.10 Olympus Corporation
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
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