Report Code: 10345 | Available Format: PDF
The size of the global weight management market was estimated USD 157.5 billion in 2023, which is expected to witness a CAGR of 9.7% during 2023–2030, to reach USD 300.4 billion by 2030.
This can be credited to the growing overweight populace, increasing count of bariatric operations, rising acceptance of online weight loss and weight management events, surging per capita income in developing countries, elevating prevalence of deskbound lifestyles, and augmenting count of government steps for spreading awareness of weight management and an ideal BMI.
Because of the growing count of hours spent on TVs and computers, physical inactivity has increased among the global population, especially children. Moreover, overweight and obese kids have high chances of Falling prey to chronic illnesses at an initial age. The growing consumption of junk food and physical idleness are leading to a morbid and inactive lifestyle, which results in weight gain.
Furthermore, the progressively frantic routines and rising stress are forcing many individuals into compulsive eating, which is leading to a negative impact on their health. Moreover, the fast digitalization and globalization are guaranteeing simpler access to data regarding the consequences of being overweight, which is further pushing the weight management market advance around the world.
The market is categorized into diet, services, and equipment, on the basis of offering. Further, the diet category is subdivided into food, beverages, and nutraceuticals/supplements. Among these, the beverages category is projected to lead the industry over the forecast period. This can be credited to a growing overweight populace, increasing customer awareness in emerging economies about low-calorie drinks, and rising diabetic populace.
The service category is projected to advance at the highest CAGR in the coming few years. On the basis of service, the weight management industry is further divided into slimming centers, fitness centers, online weight loss programs, and consulting services. Among these, the online weight loss programs category is expected to grow the fastest, ascribed to the increasing occurrence of obesity, surging awareness regarding fitness and health for lowering the risk of diseases such as heart illnesses and diabetes; rising count of online weight loss events, and growing per capita income in developing countries.
The additional drivers for this category are the expanding access to high-speed internet, growing downloads of health & fitness mobile apps that emphasize the ideal BMI, and rising usage of connected portable and wearable weight tracking devices, which feed real-time data to these mobile apps.
Market Size in 2023
USD 157.5 Billion (E)
Revenue Forecast in 2030
USD 300.4 Billion
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
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The North American region is projected to dominate the weight management market in the coming years. As per the 19th yearly report on the nation’s obesity problem issued by Trust for America’s Health in 2022, in North America, obesity is developing as one of the most-substantial loads on healthcare. 4 in 10 American adults are suffering from obesity, and obesity rates are constantly climbing nationwide and within various demographics and ethnicities. Thus, obesity accounts for a substantial total health investment in the U.S., of around USD 173 billion annually.
The growing healthcare spending on obesity is most likely to shift customers toward weight management regimens, such as weight loss supplements and drinks, in order to lead a healthy life. This has led to manufacturers making pioneering weight loss products for consumers, especially those with organic ingredients.
The European region is in the second position. The growing occurrence of obesity and associated chronic illnesses, increasing awareness regarding healthy lifestyles and nutritious meals, surging count of fitness centers, and increasing per capita income are aiding in the development of the weight management market in this region.
The APAC region is projected to experience the highest CAGR in the coming years. The key factors contributing to this development are the growing overweight populace, surging per capita income, increasing count of diabetic patients, rising awareness regarding personal health, inactive lifestyles, and the low price of bariatric operations in this region.
Bariatric operations/weight loss operations were previously taken as the last choice, after fasting, workouts, and other doctor-recommended programs failed. However, with technological developments, such surgeries have now become less painful for patients. Credited to this, such operations are now progressively being adopted by the medicinal community as an effective and long-lasting substitute to other weight loss methods.
The quickly growing obesity rates have caused a fast surge in the count of bariatric operations across the world. For example, the total count of bariatric operations performed in the U.S. augmented to 295,000 in 2021 from 253,000 in 2015.
Likewise, as per the Australian Institute of Health and Welfare, the total count of bariatric operations in Australia augmented to 29,713 in 2020–21 from about 19,300 in 2015–16. The rising count of bariatric operations in key markets throughout the world is projected to surge the demand for surgical tools and other items needed for such procedures.
The occurrence of childhood obesity is growing throughout the world, credited to the shortage of physical activity and unhealthy consumption habits. In contrast, cases where childhood obesity is because of hormonal issues are extremely rare. In kids, the total number of sedentary hours is growing as they are spending substantial time in front of the TV or playing computer games.
Overweight kids are more likely to be obese in their middle ages and suffer from CVDs and diabetes at an early age. Worldwide, the count of obese kids (under the age of 5) was around 40 million in 2020, as per the WHO; nearly half of them live in APAC. As a result, the need for more-balanced diets is projected to surge. This, ultimately, will offer substantial development opportunities for the players, especially those offering low-calorie food products, beverages, supplements, and consultation for obese pediatric subjects.
The market is witnessing a growing trend of personalized diet plans according to patients’ physiologies. Beverages, such as those containing catechins, green tea, and antioxidants, aid in enhancing metabolism, thus contributing to the reduction of weight. Similarly, weight loss supplements comprise herbal powders, protein mixes, capsules, and tablets. Advice regarding such diet plans are easily available on online magazine and blogging websites, social media platforms, mobile apps, and also brick-and-mortar clinics and nutritionist offices.
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