Weight Management Market Outlook
According to the report by Expert Market Research (EMR), the global weight management market grew significantly in 2023. Aided by increasing consumption of fast foods and unhealthy lifestyles, the market is projected to further grow at a CAGR of 6% between 2024 and 2032.
Weight management, at its core, focuses on maintaining a healthy weight by integrating physical activity, balanced nutrition, and a psychologically conducive environment. It encompasses various services, products, and solutions aimed at reducing, preventing, or treating overweight conditions in individuals. Ranging from fitness equipment, dietary supplements, to therapeutic interventions, weight management caters to an expansive demographic.
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The rising prevalence of sedentary lifestyles, coupled with an increasing inclination towards fast food consumption, has risen the global demand for weight management solutions. Fuelling the weight management market growth is the burgeoning cognizance of the risks associated with obesity and overweight conditions, such as diabetes, heart disorders, and joint issues. This has propelled individuals to seek solutions, treatments, and regimes to maintain or achieve the ideal weight.
The increasing production of low-calorie, sugar-free, or reduced-fat variants of popular food items and beverages is a testament to the industry’s alignment with the weight management trend. These alternatives, without compromising on taste, provide healthier options for consumers, allowing them to make better choices for their diet.
Furthermore, technological advancements in weight management have further propelled the global weight management market size. The introduction of mobile applications that track calorie intake, exercise regimens, and offer personalised fitness guidance has seen immense popularity. Moreover, wearable gadgets like smartwatches and fitness trackers, which monitor physical activities, heart rate, and calorie burn, have woven seamlessly into the everyday lives of consumers, further bolstering the market’s expansion.
The weight management market demand is also receiving a significant boost from the rise of health clubs, gyms, and wellness centres worldwide. These establishments, armed with trained spiked professionals, offer customised programs tailored to individual needs, ensuring more effective and lasting results. The collaboration of these facilities with celebrities and influencers for promotional events and campaigns has significantly enhanced their appeal, especially among the younger generation.
Furthermore, the surge in demand for organic, natural, and plant-based dietary supplements has fostered further development. With consumers becoming more aware about product ingredients, there’s a heightened demand for clean-label, non-GMO supplements. These not only aid in weight loss but also provide essential nutrients, ensuring holistic well-being.
The integration of holistic approaches, including mental well-being in weight management strategies is also one of the key weight management market trends augmenting the growth of the global market. The understanding that mental health is intertwined with physical health has led to the adoption of mindfulness practices, yoga, and meditation in weight management programs, ensuring an all-rounded approach to health and wellness.
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Weight Management Market Segmentation
The market can be divided based on diet, service, equipment, and region.
Market Breakup by Diet
- Functional Beverages
- Functional Food
- Dietary Supplements
Market Breakup by Service
- Health Clubs
- Consultation Services
- Online Weight Loss Services
Market Breakup by Equipment
- Fitness
- Surgical
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Weight Management Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global weight management market. Some of the major players explored in the report by Expert Market Research are as follows:
- Herbalife International of America, Inc.
- Nutrisystem, Inc.
- WW International, Inc.
- Diet Health, Inc.,
- Technogym SpA
- Jenny Craig
- Kellogg Company
- Others
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