Obesity has become a global issue due to current sedentary lifestyles and poor eating habits. In 2016, around 1.9 billion adults over 18 years were overweight or obese, with about 650 million children under the age of 5 being overweight or obese. Therefore, the weight loss and obesity management market will grow within the forecast period. Furthermore, the increasing preference for junk foods is also anticipated to boost the market growth.
Data Bridge Market Research shows that the Global Weight Loss and Obesity Management Market was valued at USD 2,092.5 million in 2021 and is expected to reach USD 3,844.4 million by 2029, registering a CAGR of 7.9% during the forecast period of 2022-2029.
" Increasing Availability of Weight Loss Items Surge the Market Growth"
The wide availability of a huge range of products in varied forms, including ready-to-drink (RTD) beverages, bars, gels, and powders, is expected to boost the market. Different manufacturers are adding innovative flavors and functional ingredients to increase the nutritional value of their products. Different brands are adding caffeine, natural ingredients, and low-sugar contents to RTD products. For instance, Life Extension launched Waistline Control, which helped reduce the waistline in 2022. Thus, this factor boosts market growth.
What restraints the growth of the Global Weight Loss and Obesity Management Market?
"High cost of diets will restrain the market growth"
It has been witnessed over the years that low-calorie meals and beverages are often more expensive compared to high-calorie foods and beverages because of the additional processing required. The low-calorie products also contain nutrients such as vitamins and minerals, making it a nutrient-dense food, which surges the total cost of the products. This factor is expected to hinder market growth. All these major factors impede the growth of the market.
Segmentation: Global Weight Loss and Obesity Management Market
The global weight loss and obesity management market is segmented on the basis of diet, equipment, service, form, nature, category, end user demography and distribution channel.
- On the basis of diet, the weight loss and obesity management market is segmented into dietary supplements, meals and beverages.
- On the basis of equipment, the weight loss and obesity management market is segmented into fitness equipment, cardiovascular training equipment, strength training equipment, fitness monitoring equipment, body composition analyzers, surgical equipment, minimally invasive surgical equipment and noninvasive surgical equipment.
- On the basis of service, the weight loss and obesity management market is segmented into fitness centers, slimming centers, consulting services and online weight loss programs.
- On the basis of form, the weight loss and obesity management market is segmented into soft gels, tablets, capsule, powders, gummies and jellies, premixes, liquids and others.
- On the basis of form, the weight loss and obesity management market is segmented into conventional and clean labelled.
- On the basis of category, the weight loss and obesity management market is segmented into prescribed, over the counter (OTC).
- On the basis of end user demography, the weight loss and obesity management market is bifurcated into under 18 years, 18 to 35 years, 35 to 50 years and above 50 years.
- On the basis of distribution channel, the weight loss and obesity management market is bifurcated into store based and non-stored based.
Regional Insights: North America is expected to dominate the Global Weight Loss and Obesity Management Market
Asia-Pacific dominates the market because of the increasing number of fitness centers and more cases of obesity and chronic diseases. Also, growing awareness regarding nutrition and healthy lifestyles within the region is estimated to increase market growth.
North America is expected to grow in 2022-2029 because of the improving healthcare infrastructure and growing importance of losing and managing extra weight to avoid adverse health effects. Also, developing medical tourism is boosting the market growth in this region.
To know more about the study, visit, https://www.databridgemarketresearch.com/ko/reports/global-weight-loss-and-obesity-management-market
Recent Developments in Global Weight Loss and Obesity Management Market
- In 2020, Meticore launched a new weight-loss product for both men and women. The supplement helps improve metabolism by increasing interior cell temperature, leading to metabolism regeneration. The product was created by combining six high-quality plant-based nutrients and herbal extracts with Meticore tablets.
The Prominent Key Players Operating in the Global Weight Loss and Obesity Management Market Include:
- Atkins Global (U.S.)
- Herbalife International of America Inc., (U.S.)
- Nutrisystem Inc., (U.S.)
- Abbott (U.S.)
- mega Laboratories, Inc. (U.S.)
- Apollo Endosurgery Inc., (U.S.)
- GSK plc (U.K)
- WW International Inc., (U.S.)
- Jenny Craig (U.S.)
- Gold's Gym (U.S.)
- DSM (Netherlands)
- Brunswick (U.S.)
- Amer Sports (Finland)
- Technogym SpA (Italy)
- Shaklee Corporation (U.S.)
- Nature's Sunshine Products, Inc., (U.S.)
- Novo Nordisk A/S (Denmark)
Above are the key players covered in the report, to know about more and exhaustive list of global weight loss and obesity management market companies contact, https://www.databridgemarketresearch.com/ko/contact
Research Methodology: Global Weight Loss and Obesity Management Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
