Weight Management Market Report:
According to the latest report by IMARC Group, titled “Weight Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on weight management market overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global weight management market reached a value of US$ 470 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 684.5 Billion by 2027, exhibiting a CAGR of 6.36% during 2022-2027.
Weight management comprises a set of strategies, products, and physiological processes that aids a person in attaining and maintaining healthy body weight. These strategies include lifestyle and dietary changes that encourage an everyday balanced diet and daily physical activity based on a particular person’s height, target weight, gender, and dietary preference. In addition to this, weight management also enables a user to identify ideal body weights suited to their physical statistics, manage obesity and track weight changes over time. Meal replacement products, functional foods, and beverages with reduced fats and sodium and reduced or zero sugar intake, exercise programs and surgeries are some of the standard practices that are instrumental for effective weight management.
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The COVID-19 pandemic has had an adverse impact on the market. At the onset of the pandemic, gyms, sports institutes, fitness centers, and health clubs were shut down as a result of the imposed lockdowns, leading to the growing inactivity resulting in the increasing prevalence of obesity. Also, travel restrictions, social distancing, and disruptions in the supply chain logistics further directed to a sharp decline in the product sales. However, the ongoing vaccination drives and lifting restrictions during the latter half of the pandemic are expected to propel market growth.
Global Weight Management Market Trends:
The market is primarily driven by the increasing awareness regarding health and fitness among the masses. This can be attributed to the expanding adoption of weight loss and management programs and bariatric surgeries. Besides this, the growing penetration of childhood obesity on account of increasing hours spent in front of televisions and computers and unhealthy eating habits are providing an impetus to the market. Also, the rising obese population that is prone to lifestyle diseases, including diabetes, hypertension, and orthopedic disorders, associated with the lack of physical activity are resulting in a higher product uptake. Other factors, such as rapid urbanization, favorable government initiatives promoting weight management programs, the increasing options of diet meals, beverages and supplements, inflating disposable income levels of the consumers, and extensive research and development (R&D) activities conducted by key players are further creating a positive outlook for the market.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Herbalife International of America, Inc.
- NutriSystem, Inc.
- Weight Watchers International, Inc.
- Brunswick Corporation
- Ethicon Endo-surgery, Inc.
- Golds Gym International, Inc.
- Amer Sports Oyj
- Technogym SPA
- Jenny Craig Inc.
- Medtronic Inc.
- Kellogg Company
- Atkins Nutritionals Inc.
- Apollo Endosurgery Inc.
- Cyber International, Inc.
- Johnson & Johnson, Inc.
- ALPLA Werke Alwin Lehner GmbH & Co. KG
Weight Management Market Segmentation:
Our report has categorized the market based on region, diet, equipment and service.
- Functional Beverages
- Functional Food
- Dietary Supplements
- Health Clubs
- Consultation Services
- Online Weight Loss Services
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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