Global Weight Loss and Obesity Management Market – Industry Trends and Forecast to 2030

Weight Loss and Obesity Management Market Analysis and Size

Obesity has become a global problem as a result of sedentary lifestyles and poor eating habits in recent years. In 2016, approximately 1.9 billion adults over the age of 18 were overweight or obese, with around 650 million children under the age of 5 being overweight or obese. Consequently, the weight loss and obesity management market will largely grow within the forecast period 2023-2030.

Data Bridge Market Research analyses that the global weight loss and obesity management market which was USD 20,386.78 million in 2022, would rocket up to USD 43,094.03 million by 2030, and is expected to undergo a CAGR of 9.8% during the forecast period 2023-2030. ‘Fitness equipement’ is dominating due to the increased fitness awareness followed by the COVID aftermath.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Weight Loss and Obesity Management Market Scope and Segmentation

Market Definition

The weight loss and obesity management market includes technologies and medications that are used to help obese or overweight patients lose weight or maintain their weight. Obesity is basically a chronic medical disorder that is generally marked by an abnormal accumulation and storage of fat in the body. The BMI (Body Mass Index) is used to calculate it (BMI). The drugs, nutritional supplements, weight reduction surgery and exercise are some of the ways utilized to treat weight loss and obesity.

Weight Loss and Obesity Management Market Dynamics

Drivers

• Surging Obesity Cases

The surge in the number of obesity cases among population globally is the most significant factor driving the growth for this market. Moreover, obesity further impacts health in several ways such and increase the risks of chronic diseases (such as hypertension, cardiovascular diseases, osteoarthritis, obstructive sleep apnea, certain types of cancer and depression, high blood pressure,  and type 2 diabetes), leading to decline in the life expectancy, which is also expected to accelerate the overall growth of the market.

• Growth in Unhealthy Lifestyle Patterns

Furthermore, the rise in adoption of unhealthy and sedentary lifestyle patterns along with the rising preference for junk foods are also expected to fuel market growth. Additionally, factors such as hectic routine, physical inactivity and growing stress also bolster the growth of the market.

Moreover, the increasing number of bariatric surgeries, surging amount of fitness centers, growing adoption of online weight loss and weight management programs also cushions the market’s growth within the forecasted period. The expanding healthcare sector combined with the rise in disposable income in developing economies are also projected to bolster the growth of the market.

Opportunity

• Growing Initiatives and Awareness

Moreover, the strong initiatives by non-profit organizations as well as the government to increase funds and awareness about health and fitness are estimated to generate lucrative opportunities for the market. In addition, the market players are focusing towards launching premium and low-calorie products (food and beverages including desserts, snacks and soft drinks) combined with the increasing research and development activities for developing minimally invasive and noninvasive equipment  which will further offer numerous growth opportunities for the market.

Restraints/Challenges 

• High Costs of Diets

Low-calorie meals and beverages are often more expensive than high-calorie foods and beverages due to the additional processing required. The low-calorie products also contain nutrients like vitamins and minerals, making it a nutrient-dense food, which increases the overall cost of the products. This factor is projected to obstruct market growth.

• Stringent Regulations

Meeting regulatory criteria for the manufacturing and marketing of weight loss products, particularly dietary supplements, is a difficulty for the weight loss and weight management sector. The key players often face a difficulties in assuring quality control while also adhering to regulatory rules, which acts as a challenge for the market in the forecast period of 2023-2030.

This weight loss and obesity management market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the weight loss and obesity management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In October 2020, Meticore has introduced a new weight-loss product for both men and women. The supplement aids in metabolism enhancement by raising the temperature of interior cells, resulting in metabolism regeneration. Six high-quality plant-based nutrients and herbal extracts are combined with Meticore tablets to create the mix

Global Weight Loss and Obesity Management Market Scope

The weight loss and obesity management market is segmented on the basis of diet, equipment, service, form, nature, category, end-user demography, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Diet

• Dietary Supplements
• Meals
• Beverages

 Equipment

• Fitness Equipment
• Cardiovascular Training Equipment
• Strength Training Equipment
• Fitness Monitoring Equipment
• Body Composition Analyzers
• Surgical Equipment
• Minimally Invasive Surgical Equipment
• Noninvasive Surgical Equipment

Service

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

 Form

• Soft Gels
• Tablets
• Capsule
• Powders
• Gummies and Jellies
• Premixes
• Liquids
• Others

Nature

• Conventional
• Clean Labelled

Category

• Prescribed
• Over The Counter (OTC)

End-User Demography

• Under 18 Years
• 18 To 35 Years
• 35 To 50 Years
• Above 50 Years

Distribution Channel

• Store Based
• Non-Stored Based

Weight Loss and Obesity Management Market Regional Analysis/Insights

The weight loss and obesity management market is analyzed and market size insights and trends are provided by country, diet, equipment, service, form, nature, category, end-user demography, and distribution channel as referenced above.

The countries covered in the weight loss and obesity management market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

North America is expected to dominate the weight loss and obesity management market because of the growing number of fitness centers, high cases of obesity and chronic diseases and rising awareness about nutrition and healthy lifestyles within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the improving healthcare infrastructure, growing awareness about the importance of losing and management of extra weight in order to avoid adverse health effects coupled with emerging medical tourism within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.     

Competitive Landscape and Weight Loss and Obesity Management Market Share Analysis

The weight loss and obesity management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the weight loss and obesity management market are:

• Atkins Global (U.S.)
• Herbalife International of America Inc. (U.S.)
• Nutrisystem Inc. (U.S.)
• Abbott (U.S.)
• Kellogg;s Company (U.S.)
• mega Laboratories, Inc. (U.S.)
• Johnson & Johnson Private Limited (U.S.)
• Medtronic (U.S.)
• Apollo Endosurgery Inc. (U.S.)
• GlaxoSmithKline plc (U.K)
• Olympus (Japan)
• WW International Inc., (U.S.)
• Jenny Craig (U.S.)
• Gold’s Gym (U.S.)
• DSM (Netherlands)
• Brunswick (U.S.)
• Amer Sports (Finland), 
• Johnson Health Tech (Taiwan)
• Technogym SpA (Italy)
• Shaklee Corporation (U.S.)
• Nature's Sunshine Products, Inc. (U.S.)
• Novo Nordisk A/S (Denmark)

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