Global Weight Loss and Obesity Management Market, By Diet (Dietary Supplements, Meals, Beverages), Equipment (Fitness Equipment, Cardiovascular Training Equipment, Strength Training Equipment, Fitness Monitoring Equipment, Body Composition Analyzers, Surgical Equipment, Minimally Invasive Surgical Equipment, Noninvasive Surgical Equipment), Service (Fitness Centers, Slimming Centers, Consulting Services, Online Weight Loss Programs), Form (Soft Gels, Tablets, Capsule, Powders, Gummies and Jellies, Premixes, Liquids, Others), Nature (Conventional, Clean Labelled), Category (Prescribed, Over The Counter (OTC)), End User Demography (Under 18 Years, 18 To 35 Years, 35 To 50 Years, Above 50 Years), Distribution Channel (Store Based, Non-Stored Based) – Industry Trends and Forecast to 2029.
Global Weight Loss and Obesity Management Market Analysis and Size
Obesity has become a global problem as a result of sedentary lifestyles and poor eating habits in recent years. In 2016, approximately 1.9 billion adults over the age of 18 were overweight or obese, with around 650 million children under the age of 5 being overweight or obese. Consequently, the weight loss and obesity management market will largely grow within the forecasted period.
- Global Weight Loss and Obesity Management Market was valued at USD 2,092.5 million in 2021 and is expected to reach USD 3,844.4 million by 2029, registering a CAGR of 7.9% during the forecast period of 2022-2029. The “dietary supplements” accounts for the largest diet segment in the weight loss and obesity management market within the forecasted period owing to the surge in obese population and increased consumption of dietary supplements across the economies. The market report curated by the Data Bridge Market Research team includes production consumption analysis, import-export analysis, patent analysis, pricing analysis, and consumer behavior.
Global Weight Loss and Obesity Management Market Definition
The weight loss and obesity management market includes technologies and medications that are used to help obese or overweight patients lose weight or maintain their weight. Obesity is basically a chronic medical disorder that is generally marked by an abnormal accumulation and storage of fat in the body. The BMI (Body Mass Index) is used to calculate it (BMI). The drugs, nutritional supplements, weight reduction surgery and exercise are some of the ways utilized to treat weight loss and obesity.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Million, Volumes in Units, Pricing in USD
By Diet (Dietary Supplements, Meals, Beverages), Equipment (Fitness Equipment, Cardiovascular Training Equipment, Strength Training Equipment, Fitness Monitoring Equipment, Body Composition Analyzers, Surgical Equipment, Minimally Invasive Surgical Equipment, Noninvasive Surgical Equipment), Service (Fitness Centers, Slimming Centers, Consulting Services, Online Weight Loss Programs), Form (Soft Gels, Tablets, Capsule, Powders, Gummies and Jellies, Premixes, Liquids, Others), Nature (Conventional, Clean Labelled), Category (Prescribed, Over The Counter (OTC)), End User Demography (Under 18 Years, 18 To 35 Years, 35 To 50 Years, Above 50 Years), Distribution Channel (Store Based, Non-Stored Based)
U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
Market Players Covered
Atkins Global (U.S.), Herbalife International of America Inc., (U.S.), Nutrisystem Inc., (U.S.), Abbott (U.S.), Kellogg;s Company (U.S.), mega Laboratories, Inc. (U.S.), Johnson & Johnson Private Limited (U.S.), Medtronic (U.S.), Apollo Endosurgery Inc., (U.S.), GlaxoSmithKline plc (U.K), Olympus (Japan), WW International Inc., (U.S.), Jenny Craig (U.S.), Gold’s Gym (U.S.), DSM (Netherlands), Brunswick (U.S.), Amer Sports (Finland), Johnson Health Tech (Taiwan), Technogym SpA (Italy), Shaklee Corporation (U.S.), Nature's Sunshine Products, Inc., (U.S.) and Novo Nordisk A/S (Denmark)
Weight Loss and Obesity Management Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Surging Obesity Cases
The surge in the number of obesity cases among population globally is the most significant factor driving the growth for this market. Moreover, obesity further impacts health in several ways such and increase the risks of chronic diseases (such as hypertension, cardiovascular diseases, osteoarthritis, obstructive sleep apnea, certain types of cancer and depression, high blood pressure, and type 2 diabetes), leading to decline in the life expectancy, which is also expected to accelerate the overall growth of the market.
- Growth in Unhealthy Lifestyle Patterns
Furthermore, the rise in adoption of unhealthy and sedentary lifestyle patterns along with the rising preference for junk foods are also expected to fuel market growth. Additionally, factors such as hectic routine, physical inactivity and growing stress also bolster the growth of the market.
Moreover, the increasing number of bariatric surgeries, surging amount of fitness centers, growing adoption of online weight loss and weight management programs also cushions the market’s growth within the forecasted period. The expanding healthcare sector combined with the rise in disposable income in developing economies are also projected to bolster the growth of the market.
- Growing Initiatives and Awareness
Moreover, the strong initiatives by non-profit organizations as well as the government to increase funds and awareness about health and fitness are estimated to generate lucrative opportunities for the market. Additionally the market players are focusing towards launching premium and low-calorie products (food and beverages including desserts, snacks and soft drinks) combined with the increasing research and development activities for developing minimally invasive and noninvasive equipment which will further offer numerous growth opportunities for the market.
Restraints/Challenges Global Weight Loss and Obesity Management Market
- High Costs of Diets
Low-calorie meals and beverages are often more expensive than high-calorie foods and beverages due to the additional processing required. The low-calorie products also contain nutrients like vitamins and minerals, making it a nutrient-dense food, which increases the overall cost of the products. This factor is projected to obstruct market growth.
- Stringent Regulations
Meeting regulatory criteria for the manufacturing and marketing of weight loss products, particularly dietary supplements, is a difficulty for the weight loss and weight management sector. The key players often face a difficulties in assuring quality control while also adhering to regulatory rules, which acts as a challenge for the market in the forecast period of 2022-2029.
This weight loss and obesity management market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the weight loss and obesity management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post Covid-19 Impact on Weight Loss and Obesity Management Market
The weight loss and obesity management market was largely impacted by the outbreak of COVID-19. The imposition of the lockdown and social distancing restrictions to curb the COVID-19 outbreak , led to supply chain disruptions, stifling business growth, technology event cancellations, suspensions of new developments and has affected the overall production and sales, which harmed the market growth, but with increase in online sales and online programs the market growth was moderate. Moreover, the automation technologies are now being used in industrial operations to reduce employee density. During the epidemic, attention has switched to autonomous materials movement, predictive maintenance using IoT and AI, and automation upgrades in repetitive processes such as assembly lines.
However, around 88% of companies have encouraged their employees to work from home, resulting in a significant decrease in people's physical activity, resulting in weight gain and related problems, which is expected to propel the global weight loss and obesity management market growth over the forecast period. Also, the manufacturers are focusing on various developments and innovations, market trends and other expansion strategies which will accelerate the growth of the market.
- In October 2020, Meticore has introduced a new weight-loss product for both men and women. The supplement aids in metabolism enhancement by raising the temperature of interior cells, resulting in metabolism regeneration. Six high-quality plant-based nutrients and herbal extracts are combined with Meticore tablets to create the mix.
Global Weight Loss and Obesity Management Market Scope
The weight loss and obesity management market is segmented on the basis of diet, equipment, service, form, nature, category, end user demography and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Dietary Supplements
On the basis of diet, the weight loss and obesity management market is segmented into dietary supplements, meals and beverages. The dietary supplements are sub-segmented into protein, fiber, green tea extract and conjugate linoleic acid. The meals are sub-segmented into meal replacements, low-calorie sweeteners, low-calorie food and organic food. The beverages are sub-segmented into diet soft drinks, herbal tea, slimming water and other low-calorie beverages. The dietary supplements segment is projected to dominate the market owing to the surge in obese population and increased consumption of dietary supplements across the economies.
- Fitness Equipment
- Cardiovascular Training Equipment
- Strength Training Equipment
- Fitness Monitoring Equipment
- Body Composition Analyzers
- Surgical Equipment
- Minimally Invasive Surgical Equipment
- Noninvasive Surgical Equipment
On the basis of equipment, the weight loss and obesity management market is segmented into fitness equipment, cardiovascular training equipment, strength training equipment, fitness monitoring equipment, body composition analyzers, surgical equipment, minimally invasive surgical equipment and noninvasive surgical equipment. The cardiovascular training equipment is sub-segmented into treadmills, elliptical trainers, stationary cycles, rowing machines, stair steppers and other cardiovascular training equipment. The strength training equipment is sub-segmented into single-station equipment, plate-loaded equipment, benches and racks, multistation equipment, free weights and accessories. The minimally invasive surgical equipment is sub-segmented into gastric bypass equipment, laparoscopic sleeve gastrectomy equipment, laparoscopic adjustable gastric banding systems, biliopancreatic diversion, surgery/duodenal switch equipment and revision surgery equipment. The noninvasive surgical equipment is sub-segmented into intragastric balloon systems, endobarrier, endosuturing devices and stomaphyx.
- Fitness Centers
- Slimming Centers
- Consulting Services
- Online Weight Loss Programs
On the basis of service, the weight loss and obesity management market is segmented into fitness centers, slimming centers, consulting services and online weight loss programs.
- Soft Gels
- Gummies and Jellies
On the basis of form, the weight loss and obesity management market is segmented into soft gels, tablets, capsule, powders, gummies and jellies, premixes, liquids and others.
- Clean Labelled
On the basis of form, the weight loss and obesity management market is segmented into conventional and clean labelled.
- Over The Counter (OTC)
On the basis of category, the weight loss and obesity management market is segmented into prescribed, over the counter (OTC).
End User Demography
- Under 18 Years
- 18 To 35 Years
- 35 To 50 Years
- Above 50 Years
On the basis of end user demography, the weight loss and obesity management market is bifurcated into under 18 years, 18 to 35 years, 35 to 50 years and above 50 years.
- Store Based
- Non-Stored Based
On the basis of distribution channel, the weight loss and obesity management market is bifurcated into store based and non-stored based.
Weight Loss and Obesity Management Market Regional Analysis/Insights
The weight loss and obesity management market is analyzed and market size insights and trends are provided by country, diet, equipment, service, form, nature, category, end user demography and distribution channel as referenced above.
The countries covered in the weight loss and obesity management market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the weight loss and obesity management market because of the growing number of fitness centers, high cases of obesity and chronic diseases and rising awareness about nutrition and healthy lifestyles within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the improving healthcare infrastructure, growing awareness about the importance of losing and management of extra weight in order to avoid adverse health effects coupled with emerging medical tourism within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Weight Loss and Obesity Management Market Share Analysis
The 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to weight loss and obesity management market.
Some of the major players operating in the weight loss and obesity management market are
- Atkins Global (U.S.)
- Herbalife International of America Inc., (U.S.)
- Nutrisystem Inc., (U.S.)
- Abbott (U.S.)
- Kellogg;s Company (U.S.)
- mega Laboratories, Inc. (U.S.)
- Johnson & Johnson Private Limited (U.S.)
- Medtronic (U.S.)
- Apollo Endosurgery Inc., (U.S.)
- GlaxoSmithKline plc (U.K)
- Olympus (Japan)
- WW International Inc., (U.S.)
- Jenny Craig (U.S.)
- Gold’s Gym (U.S.)
- DSM (Netherlands)
- Brunswick (U.S.)
- Amer Sports (Finland),
- Johnson Health Tech (Taiwan)
- Technogym SpA (Italy)
- Shaklee Corporation (U.S.)
- Nature's Sunshine Products, Inc., (U.S.)
- Novo Nordisk A/S (Denmark)
Research Methodology : Global Weight Loss and Obesity Management Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-weight-loss-and-obesity-management-market
Customization Available : Global Weight Loss and Obesity Management Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.