Global Weight Loss and Weight Management Market Share Is Expected To Grow At A CAGR Of 6.84% By 2030

08-Feb-2023 | Facts and Factors

According to Facts and Factors, the global weight loss and weight management market size was worth around USD 224.27 billion in 2021 and is predicted to grow to around USD 405.4 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.84% between 2022 and 2030.

Obesity is the accumulation of excessive or abnormal amounts of fat in the body which can be harmful in the long term. Overweight and obesity are two different terms. If the body mass index (BMI) is over 25, the person is considered to be overweight. If the BMI value is over 30, the person is suffering from obesity. As per the World Health Organization, obesity or overweight is currently growing at epidemic proportions with over 4 million deaths annually due to the complications arising because of excessive weight.

Browse the full “Weight Loss and Weight Management Market Size, Share, Growth Analysis Report By Diet (Meal, Supplement, and Beverage), By Service (Fitness Centers, Consulting Services, Slimming Centers, and Online Programs), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" report at https://www.fnfresearch.com/weight-loss-and-weight-management-market

A growing obesity index is observed in children and adults. Between 1975 and 2016, the obesity rate amongst the age group of 5 to 19 years increased by 4 times. Options to deal with obesity include undergoing various weight-loss procedures or consuming medicines to increase metabolism. The most critical factor that is used to diagnose obesity is BMI which is calculated by multiplying body weight (in pounds) by 703 and dividing the entire number by height (in inches) followed by another division with the height value (in inches). Most of the obese children are from developing nations where the increase rate is more than 30% than the obesity rate in developed countries.

The global Weight Loss and Weight Management market is projected to grow due to increasing alcoholism across the globe. Drinking an uncontrolled or excessive amount of alcohol is a leading cause of obesity and there are 4 ways in which alcohol can cause weight gain. It may either stop the body from burning fat, or it can make a person feel more hungry than usual causing overeating. Alcohol is high in kilojoules which means the body is not able to convert it and it turns into fat. It can also cause increased cravings for greasy or salty food items, which are high in calories.

The global market is projected to grow due to an increasing shift in lifestyle habits in people with a sedentary lifestyle ranking at the top of the list. During Covid-19, gymnasiums and other outer activity units were closed, and many people got accustomed to the sedentary lifestyle which was further reinforced by the growing work-from-home or remote culture. Cisco conducted a survey in 2022 in which almost 74% of the respondents said that they preferred working from home instead of going to the office.

The global market is projected to face growth limitations due to several misconceptions surrounding weight loss and people looking for easy and quick ways to lose excess fat. In situations where weight gain is due to medical problems or in a genetic concern, the fats are stubborn healthy lifestyle choices along with external medication can be helpful. However, in cases related to lack of exercise, obesity can only be treated or weight loss can be maintained only by developing a consistently healthy lifestyle.

The rise in online weight management programs may provide growth opportunities whereas managing lost weight could act as a major challenge.

Segmental Overview

The global Weight Loss and Weight Management market is segmented based on diet, service, and region

Based on diet, the global market is segmented into meal, supplement, and beverage. In 2021, the global market registered the highest growth in the supplement segment due to higher demand for external sources of protein. The complex molecule is an essential ingredient for weight loss programs or management since it helps in repairing damaged cells and creating new cells. Proteins are important across gender and age groups. Medical professionals also recommend creating a healthy relationship with meals or diet programs that provide a sufficient quantity of good fats, carbohydrates, fiber, and proteins since all are critical for physical well-being. As per recommended measures, an individual should consume around 0.8 grams of protein per kilogram of body weight, daily.

Based on service, the global market divisions are fitness centers, consulting services, slimming centers, and online programs. The year 2021 was a recovery period for fitness centers as gymnasiums and facilities for outdoor sports slowly started opening up after temporary closure induced by the pandemic. The global market also registered a rise in the number of fitness centers as more units opened up due to growing demand. Online programs generated higher revenue and as per estimated around 83 million, people use fitness applications for weight management.

Regional Overview

North America is anticipated to lead the global Weight Loss and Weight Management market due to the higher accessibility of weight loss programs in terms of standalone physical centers or online programs. Weight loss can be expensive since it requires consuming healthy food products which are relatively more expensive than normal food products. Growth in Asia-Pacific may be driven by the increasing number of people who are obese or overweight. As of 2019, around 15% of the female population and 10% of the male population were overweight.

Report Scope

Competitive Landscape

The global Weight Loss and Weight Management market is led by players like Ethicon, Inc., Nutrisystem Ltd., Covidien, plc., Johnson Health Tech, Kellogg Company, Apollo Endosurgery, and others.

Recent Developments:

• In November 2022, the US Food and Drugs Administration provided Mounjaro the designation for FastTrack medicine to treat obesity
• In December 2022, Novo Nordisk announced the launch of a new program called ‘Break the Partnership’ with activities driven toward educating doctors and caregivers about weight management in patients with type II diabetes

The global Weight Loss and Weight Management market is segmented as follows:

By Diet

• Meal
• Supplement
• Beverage

By Service

• Fitness Centers
• Consulting Services
• Slimming Centers
• Online Programs

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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