Product Code: RP-ID-10059249 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10059249
Market Overview:
Global Weight Loss and Weight Management Market
" The global weight loss and weight management market revenue is estimated to be ~USD 250 billion in 2021 and is expected to grow at a compound annual growth rate of ~9% during the forecast period 2022-2030. According to data from the Institute of Health Indicators and Evaluation, 30% of the world’s population is obese or overweight. Obesity poses a huge challenge to developed countries and low- and middle-income countries. Overweight and obese people report a high prevalence of chronic diseases including hypertension, diabetes, and orthopedic diseases. Therefore, more and more obese and overweight people are driving growth.
Increasing preference for junk food, lack of physical activity, and the growing fast food industry are leading to unhealthy and sedentary lifestyles, which can lead to weight gain. In addition, increasingly busy daily work and increasing pressure cause people to eat fast food, which has an adverse effect on health. Therefore, all these factors together drive growth. Globalization and digitization ensure easier access to information about the effects of overweight. This has increased people's awareness of various weight management solutions, such as diet foods, beverages and supplements, medications, exercise, and surgery.
DIET INSIGHT:
The weight management market is divided into diet, equipment, and services. The diet includes food, beverages and supplements. In developed and developing countries, diet is becoming more and more popular as a weight loss and control solution.
A diet that contains the right amount of protein, fiber and a small amount of carbohydrates is considered an effective method of weight management. The trend of personalized and personalized diet plans based on patients; physiological conditions is encouraging people to choose weight loss meals.
Drinks including green tea and weight loss water containing catechins and antioxidants help improve the bodys metabolism, thereby helping to reduce stubborn fat. The ease of use and high acceptance of this market segment has promoted the growth of the beverage market. The supplement part includes protein mixtures, herbal powders, tablets and capsules. Due to the ease of use and effectiveness of supplements, this segment is becoming more and more popular in the market, thereby driving the growth of this segment.
EQUIPMENT INFORMATION;
The equipment used for weight loss and control includes surgery and fitness equipment. Fitness equipment occupies most of the market. The equipment includes cardiovascular training equipment, strength training equipment and other fitness monitoring equipment. This equipment is readily available and is popular among young people for weight loss.
The surgical team is expected to be the fastest growing part during the forecast period. The kit includes minimally invasive/bariatric surgery equipment and non-invasive surgical equipment. Minimally invasive surgery equipment includes liposuction surgery and bariatric surgery equipment. In addition, the industry is driven by the development and adoption of non-invasive surgical equipment, including intragastric balloon systems, terminal barriers, and other implants, making weight loss and control procedures safe and effective.
SERVICE INFORMATION:
The services provided include gyms, weight loss centers, consultation centers and online weight loss services. Fitness centers occupy most of the market because they offer a wide range of products, including aerobics and strength equipment, aerobics classes, strength yoga, taekwondo, spinning, etc. The weight loss center includes high-intensity activities and high-tech equipment. Weight loss and control. Consultation services include diet, exercise and behavior therapy consultations from dietitians, dietitians and weight loss doctors to treat obesity. In addition, online weight loss programs are becoming popular and have gained wide acceptance. Therefore, this segment is expected to grow during the forecast period.
REGIONAL INFORMATION:
North America accounted for the largest proportion in 2020, about 46%. This larger proportion is attributable to the increasing number of overweight and obese people and the increasing incidence of hypertension and diabetes. In addition, the paradigm shift towards minimally invasive and non-invasive surgery is driving the development of the weight management industry in North America.
The Asia-Pacific region is expected to achieve the fastest growth during the forecast period. The factor contributing to this remarkable increase is the increasing awareness of alternatives that can be used for weight loss and control. It is further expected that the increasing popularity of diet plans and gyms will trigger growth.
MAJOR COMPANIES AND MARKET SHARE PROSPECTS :
Some of the major players competing in this industry include Herbalife International; Nutrition Systems; Weight Watchers International, Inc.; eDiets.com; Brunswick; Ethicon USA LLC: Ethicon Endo -Surgery, Inc.; and GOLD;s gym. These companies have a strong position globally, mainly because of the low availability of commercial products and services associated with strong brands.
MARKET SEGMENTS COVERED BY THE REPORT:
The report forecasts global, regional and national revenue growth, and analyzes the latest trends and opportunities in each sub-segment from 2022-2030. For the purpose of this research, Kenneth Research has segmented the global weight management market based on diet, equipment, service, and region: diet outlook (revenue, US$1 billion; 2022-2030) dietary beverage supplement equipment perspective (revenue, Millions of US dollars; 2022-2030) Fitness equipment surgical equipment service outlook (revenue, billion US dollars; 2022-2030) Fitness center weight loss center consulting service online weight loss service. "
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