Weight Management Market

Weight Management Market Size, Growth (2023-2028)

The Global Weight Management Market size was US$ 142.6 Billion in 2022 and is anticipated to succeed in the valuation of US$ $ 256.78 Billion in 2028 and is predicted to register a CAGR of 9.7% during 2023-2028.

Weight Management Market Scenario:

Weight management is the process of adjusting your lifestyle and diet to maintain a healthy weight. Most weight management strategies promote a healthy diet and daily physical activity based on a person's height, gender, and age. Today, people are adopting a variety of weight management programs consisting of meal replacement products, low-calorie foods and beverages, low-calorie sweeteners, green tea / herbal teas, exercise programs, and surgery.

Recent Developments in Weight Management Industry:

• Olympus Launches Venture Capital Fund to Strengthen MedTech Leadership – Olympus, a global leader in medical technology, has announced the formation of Olympus Innovation Ventures, which will invest in pioneering startups with innovative technologies that improve clinical outcomes, reduce healthcare costs, and improve patient quality of life.
• Brunswick Corporation enters into a Virtual Power Purchase Agreement with Vesper Energy to offset electricity demand with renewable solar energy - Brunswick Corporation (NYSE: BC) has entered into a virtual power purchase agreement (VPPA) with Vesper Energy ("Vesper") to offset a majority of Brunswick's global operations' projected electrical power needs through clean solar energy.

REPORT COVERAGE:

Weight Management Market Drivers:

Bariatric surgeries/weight loss surgery was considered the last option for weight loss after diet, exercise, and other medically prescribed programs failed. Weight management Market Trend shows advances in technology have made obesity surgery less painful for patients. For this reason, these surgeries are now increasingly accepted by the medical community as effective and permanent alternatives to other weight loss techniques. This factor, coupled with the rapidly increasing obesity rate, has led to a rapid increase in the number of obesity surgery worldwide.

Weight Management Market Restraints:

Low-calorie foods and beverages are generally more expensive than high-calorie foods because low-calorie products require additional processing. In addition, low-calorie products contain nutrients such as vitamins and minerals, making them nutritious foods.

A low-calorie diet can cost about $ 36.32 per day, which is more expensive than a high-calorie diet of about $ 3.52 per day. Providing high-priced diet foods and beverages and on-site fitness programs for low- and middle-income families is difficult and is generally a low-cost alternative to acupressure, acupuncture, Ayurvedic weight loss treatment, etc. Look at it. In addition, consumers are increasingly migrating to free or low-cost alternatives, including natural weight loss options such as jogging and fast walking. Free online weight loss programs, programs, books. And exercise video. These consumers add minimal value to the weight loss and weight management market, and increasing adoption of low-cost / free alternatives could further impede the growth of this market.

Weight Management Market Segmentation Analysis:

• Fitness Equipment
• Cardiovascular Training Equipment
  • Treadmills
  • Elliptical Trainers
  • Stationary Cycles
  • Rowing Machines
  • Stair Steppers
  • Others
• Strength Training Equipment
  • Single-Station Equipment
  • Plate-Loaded Equipment
  • Benches and Racks
  • MultiTaction Equipment
  • Free Weights
  • Accessories
  • Fitness Monitoring Equipment
  • Body Composition Analysers
• Surgical Equipment
  • Minimally Invasive Surgical Equipment
  • Gastric Bypass Surgery 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 Devices
  • Endosuturing Devices
  • Stomaphyx

On the basis of equipment, the market is divided into surgical devices and fitness devices. Fitness equipment, such as aerobic exercise equipment and strength training equipment, achieved the highest sales in 2021. High growth is due to the several factors such as growing accessibility to gyms, continuous technological developments in equipment, and easy availability of this device.

By Diet:

• Meal
• Beverages
• Supplements

On the basis of diet, the market is divided into food, beverages and dietary supplements. Beverages recorded a significant weight management market share in 2021. This is due to the fact that drinks containing slimming water containing antioxidants and catechins, and green tea improve the body's metabolism, thereby supporting fat loss. The high acceptance and easy availability of this segment will drive the growth of the beverage market.

By Service:

• Fitness Centres
• Slimming Centres
• Consulting Services
• Online Weight Loss Programs

Based on services, the weight loss and weight management market are further divided into fitness centres, slimming centres, consulting services, and online weight loss programs. The service segment is expected to grow at the highest CAGR during the forecast period. High growth in this market segment has increased the prevalence of obesity, increased awareness of maintaining health and fitness to prevent diseases such as diabetes and heart disease, an increasing number of online weight loss programs, and developing countries. Due to the increase in disposable income in Japan.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Weight Management Market Regional Analysis:

North America is expected to hold the largest market for weight loss and weight management during the forecast period, followed by the European region. Factors such as increased incidence of obesity and chronic illness, increased awareness of nutrition and healthy lifestyles, increased numbers of fitness centers and increased disposable income support the region's weight loss and weight management market growth. This is the main factor.

With the highest CAGR expected during the forecast period, Asia is the third largest market for weight loss and weight management. Factors contributing to this growth include an increase in the obese population, increased disposable income, an increasing number of diabetics, personal well-being, sedentary lifestyles, and awareness of the low cost of obesity surgery in the region. Includes heightening.

Key Players in the Market:

Major Key Players in the Global Weight Management Market are

• Amway
• Melaleuca Inc.
• GNC Holdings Inc.
• Herbalife Nutrition Ltd.
• Forever Living
• Nu Skin Enterprises, Inc.
• Nature's Sunshine Products, Inc.
• Vitaco Health Limited
• Arbonne International, LLC
• NOW Health Group, INC.
• Nature's Way Products, LLC