Market Research Future (MRFR) has published a cooked research report on the “Global Weight Management Market” that contains information from 2018 to 2032. The weight management market is estimated to register a CAGR of 10.10% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global weight management market— Atkins Nutritionals, Inc. (US), Kellogg Company (US), Herbalife Ltd. (US), Nutrisystem Ltd. (US), Apollo Endosurgery (US), Ethicon, Inc. (US), Covidien, plc. (US), Olympus Corporation (Japan), Weight Watchers International (US), The Gold’s Gym International (US), Brunswick Corporation (US), Jenny Craig (US), eDiets, Inc. (US), Amer Sports (Finland), Technogym SpA (Italy), Johnson Health Tech (Taiwan), and Others.
Weight Management Market Highlights
The global weight management market is expected to register a CAGR of 10.10% during the forecast period and is estimated to reach USD 341.14 billion by 2032.
The weight management market is growing due to the increasing prevalence of age-related health disorders, such as weight management concerns, as the world's population ages. Additionally, certain weight-management procedures, like counseling, medication, or surgery, may not be fully covered by health insurance. People may find it more difficult to seek professional help if they don't have insurance support. Furthermore, online coaching and counseling services have a rising opportunity to offer individualized direction, encouragement, and support to people looking for weight control solutions as telehealth services gain more acceptance. Moreover, the market for weight management is confronted with difficulties because regional norms and standards fluctuate. Companies must negotiate complicated compliance environments regarding product development, marketing claims, and market entry due to the potential impact of regulatory scrutiny.
Segment Analysis
The global weight management market has been segmented based on type, diet, equipment, application, distribution channel, and end user.
The market is segmented based on type into equipment, services, and supplements. The equipment segment was attributed to holding the largest market share in 2022. Individuals can exercise their cardiovascular systems conveniently on treadmills, which helps them burn calories and control their weight. The services segment is expected to grow fastest during the forecast period. A treatment strategy that addresses psychological influences on behavior, emotions, and thoughts associated with managing weight.
The global weight management market has been segmented based on diet into meals, beverages, and nutraceuticals. The meals segment was expected to hold the largest market share in 2022. This is due to adding plant-based meals, including fruits, vegetables, grains, and dairy while avoiding meat. Avoiding all animal products and placing a greater emphasis on protein and nutrition from plants The nutraceuticals category has the fastest growth. It contains hydroxy citric acid (HCA), which is believed to inhibit the function of an enzyme connected to fat storage. Some studies have suggested a potential purpose for reduced appetite and fat loss.
Based on equipment, the global weight management market has been segmented into fitness equipment and surgical equipment. In 2022, the fitness equipment segment was anticipated to have the highest market share. It enhances strength, balance, and coordination through dynamic and functional exercises. Weighted balls are a common tool for core exercises and functional motions in resistance training. The category with the fastest growth is surgical equipment. Patient confidence and willingness to have surgery as a weight management option have improved due to advancements in the safety and effectiveness of bariatric surgical treatments.
Based on application, it includes weight maintenance, body shaping, sports injuries, aesthetic procedures, chronic wound management, and others. The weight maintenance category is expected to dominate the market. Users can control their daily caloric intake and balance calories lost from physical activity and calories absorbed using calorie tracking capabilities. The body-shaping segment of the weight management market is predicted to grow quickly during the projected period. Capabilities to monitor and analyze variations in body composition, such as muscle mass and body fat percentage. Visual representations of how the body changes over time.
Based distribution channels include multi-level marketing, large retail, small retail, health and beauty stores, online, and others. The large retail segment is anticipated to lead the weight management market. Inside the vast retail distribution channel, boutique health stores provide a carefully selected assortment of health and fitness products, including organic and natural choices that are beneficial for managing weight. The online segment of the weight management market is projected to expand at the quickest rate. Online health shops and digital pharmacies help distribute weight-management products. Both prescription and over-the-counter weight-management drugs may be available from online pharmacies.
Based on end-user, includes fitness centers and health clubs, consulting services and commercial weight loss centers, online weight loss programs, slimming centers, and others. The fitness centers and health clubs category has the largest weight management market share. Many fitness centers offer personal training services where clients receive individualized instruction from licensed trainers. Personal trainers design customized exercise regimens based on clients' interests, physical levels, and weight reduction objectives. Throughout the estimated time frame, the weight management market's consulting services and commercial weight loss center segments are anticipated to grow fastest. Lifestyle coaches help people make healthy choices beyond diet and exercise. Addressing stress reduction, sleep hygiene, and general well-being are essential weight control components.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Weight Management Market Research Report
Regional Analysis
Based on region, the global weight management market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The European weight management market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The weight management market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The rest of the world's weight management market comprises the Middle East, Africa, and Latin America.
The North American regional sector maintained the largest market share for weight management. North America's fitness and wellness sector is well-established and includes gyms, fitness centers, and wellness initiatives. The industry is growing because many different weight control options are available, ranging from cutting-edge technologies to conventional methods.
Moreover, the European market has been persistently growing over the forecast period. In Europe, individuals are becoming more aware of diet and health, increasing demand for weight-management products and services. Customers seek products that fit their health objectives, driving market expansion.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. Several Asia-Pacific governments are launching campaigns to address issues related to public health, such as obesity. The market for weight management is expanding as a result of laws and initiatives that support healthy living.
Furthermore, the rest of the world's weight management market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising prevalence of obesity and overweight, growing awareness of health risks associated with excess weight, growing fitness and wellness culture, and digital health and mobile apps, all contributing to the market expansion.
Key Findings of the Study
- The global weight management market is expected to reach USD 341.14 billion by 2032, at a CAGR of 10.10% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to Asian traditional medical systems, including Ayurveda and Traditional Chinese Medicine, frequently integrating holistic approaches to health, including weight management. The incorporation of technological solutions with ancient traditions facilitates a diversified market.
- Based on type, the equipment segment was attributed to holding the largest market in 2022.
- Atkins Nutritionals, Inc. (US), Kellogg Company (US), Herbalife Ltd. (US), Nutrisystem Ltd. (US), Apollo Endosurgery (US), Ethicon, Inc. (US), Covidien, plc. (US), Olympus Corporation (Japan), Weight Watchers International (US), The Gold’s Gym International (US), Brunswick Corporation (US), Jenny Craig (US), eDiets, Inc. (US), Amer Sports (Finland), Technogym SpA (Italy), Johnson Health Tech (Taiwan), and Others
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Companies Covered | 15 |
Pages | 128 |
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