North America Weight Loss And Obesity Management Market, By Product Type (Dietary Supplements And Meal Replacements), Product Form (Soft Gels, Tablets, Capsule, Powders, Gummies & Jellies, Premixes, Liquids, And Others), Nature (Conventional And Clean Labelled), Category (Prescribed And Over The Counter (OTC)), End User Demography (Under 18 Years, 18 To 35 Years, 35 To 50 Years, And Above 50 Years), Distribution Channel (Store Based And Non-Stored Based), Country (U.S., Mexico & Canada) Industry Trends And Forecast to 2029.
Market Analysis and Insights: North America Weight Loss and Obesity Management Market
North America weight loss and obesity management market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 9.5% in the forecast period of 2022 to 2029 and is expected to reach USD 14,599.46 million by 2029.
The surge in the number of obesity cases among population North America is expected to drive the growth of weight loss and obesity management market. Increase in prevalence of chronic diseases, such as hypertension and diabetes, caused by rise in adoption of unhealthy and sedentary lifestyle patterns and surge in the number of bariatric surgeries are expected to accelerate the weight loss and obesity management market growth.
- In addition, increase in preference for junk food, physical inactivity, hectic routine, and growing stress are causing people to consume fast food, which will further influence the weight loss and obesity management market growth. Furthermore, growing adoption of online weight loss and weight management programs, government initiatives for creating awareness, and rise in disposable income in developing economies will positively affect the growth of the weight loss and obesity management market. Moreover, rise in the rate of childhood obesity and emerging nations extend profitable opportunities to the weight loss and obesity management market.
However, high cost associated with the low-calorie diets and issues with deceptive marketing practices are the factors expected to obstruct the weight loss and obesity management market growth. Increase in the implementation of strict regulations and norms are expected to further challenge the market growth.
The North America weight loss and obesity management market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Weight Loss and Obesity Management Market Scope and Market Size
North America weight loss and obesity management market is segmented into six notable segments based on product type, product form, nature, category, end user demography and distribution channel.
- On the basis of product type, the North America weight loss and obesity management market is segmented into dietary supplements and meal replacements. In 2022, dietary supplements segment is expected to dominate the market due to increasing obese population, rising consumer awareness regarding low-calorie food and beverages in developing economies.
- On the basis of product form, the North America weight loss and obesity management market is segmented into the soft gels, tablets, capsule, powders, gummies & jellies, premixes, liquids, and others. In 2022, powder segment is expected to dominate the market due to easy to use nature of powder form as compared to other forms of weight loss and obesity management.
- On the basis of nature, the North America weight loss and obesity management market is segmented into the conventional and clean labelled. In 2022, conventional segment is expected to dominate the market due to growing demand for organic, naturally grown products.
- On the basis of category, the North America weight loss and obesity management market is segmented into prescribed and over the counter (OTC). In 2022, Over the Counter (OTC) segment is expected to dominate the market due to growing popularity of OTCs for weight loss and obesity management.
- On the basis of end user, the North America weight loss and obesity management market is segmented into under 18 years, 18 to 35 years, 35 to 50 years, and above 50 years. In 2022, 18 To 35 years’ segment is expected to dominate the market due to rise in the rate of childhood obesity.
- On the basis of distribution channel, the North America weight loss and obesity management market is segmented into the store based and non-stored based. In 2022, non-stored based segment is expected to dominate the market due to emerging COVID-19 pandemic.
Weight Loss and Obesity Management Market Country Level Analysis
North America weight loss and obesity management market is analyzed and market size information is provided based on product type, product form, nature, category, end user demography and distribution channel.
The countries covered in this region in weight loss & obesity management market reported are U.S., Canada and Mexico
North America is expected to grow with the most promising growth rate in the forecast period of 2022 to 2029 as major industrialists are focusing on developing weight loss products to fulfill consumer demands.
Rising Demand for Weight Loss and Obesity Management
North America weight loss and obesity management market also provides you with detailed market analysis for every country growth in industry with sales, components sales, and impact of consistent launches and changes in regulatory scenarios with their support for the market. The data is available for historic period 2022 to 2029.
Competitive Landscape and Weight Loss and Obesity Management Share Analysis
North America 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, North America presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the companies’ focus related to the South America weight loss and obesity management market.
Some of the major players operating in the weight loss and obesity management market are Herbalife International of America, Inc., ABH Pharma Inc., Vitaco, Amway Corp., Stepan Company, GNC Holdings, LLC, GlaxoSmithKline plc., Glanbia PLC, Abbott, Shaklee Corporation, Nu Skin Enterprises, Atlantic Multipower UK Ltd., Nature's Sunshine Products, Inc., Ajinomoto Co., Inc., Bionova, DSM, American Health, Omega Protein Corporation, Integrated BioPharma, Inc., Bio-Tech Pharmacal, The Himalaya Drug Company, Pharmavite, Ricola, BLACKMORES, among others.
Various product developments are also initiated by the companies worldwide, which are also accelerating the growth of the weight loss and obesity management market.
For instance,
- In October 2020, according to GlobeNewswire, Inc., Meticore launched new weight loss supplement for men and women. The supplement helps in boosting the metabolism as it helps in increasing the temperature of internal cells, which results in metabolism regeneration. The formula is made with the help of six superior quality plant-based nutrients and herbal extracts coupled with Meticore pills.
Partnership, joint ventures, and other strategies enhance the company market share with increased coverage and presence. It also benefits organizations to improve their offering for weight loss and obesity management products through expanded range of size.
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